Profile of Board of Directors

TabishGauhar
Chairman
Mr. Tabish Gauhar, Chairman KE, Partner and Country Head of The Abraaj
GroupforPakistan,hasover20yearsofexperienceinprojectdevelopment
intheprivatepower,waterandpetrochemicalindustriesintheMiddleEast,
South Asia, Europe and Africa. Mr. Gauhar has played a key role in the
development of the energy sector in Pakistan since 1994. He has been
involved in the development, financing, construction and operation of
nearly 3,000 MW of installed capacity in the country including 1,300 MW
Hub Power Plant; 700 MW AES LalPir/PakGen Power Plants; and 1,000 MW of four new K
Electric Power Plants. In the last 5 years alone, he has been instrumental in facilitating nearly
USD 1 billion of Foreign Direct Investment into Pakistan for turnaround of KElectric and the
construction of Pakistan's largest oil refinery complex "Byco" with 150,000 barrels per day
capacitysituatedinBaluchistan.
As the Chief Executive of KElectric between November 2009 and February 2013, Mr. Gauhar
achieved an operational, financial, and reputational turnaround of the ailing utility Company
including:

Eliminatingscheduledloadsheddingin57%ofthetotalnetwork

Promoting"sustainabilityandresponsibleinvestment"throughaseriesofCSRinitiatives
impactingover2.2millionunderprivilegedpeopleperannum

Laying the foundation for Pakistan's first oiltocoal conversion project to significantly
reducetheconsumertariff,circulardebtandoilimportbill

Formulatingthecountry'sfirstholistic"ClimateChange"policyforautilityCompany

Mr. Gauhar graduated with a First Class Honours degree in Electrical Engineering from Kings
CollegeLondon(Chevening/ICIScholar),andalsoholdsanMBA(Finance)fromtheInstituteof
BusinessAdministration,Karachi.
OtherOffices:

Director:
1. MSF(Pakistan)
2. BycoIndustriesInc.(Mauritius)
3. KESPowerLimited

NayyerHussain
ChiefExecutiveOfficer

Nayyer Hussain is the CEO of the Company since February 2013. He was an
Executive Director of the Company and Chief Distribution Officer between
November2009andFebruary2013.

Prior to joining The Abraaj Group he was with Mashreq Bank, where he managed
theRetailRiskManagementfunction.

WhilewithCitigroupfrom1991to2005,heworkedwiththeirfranchiseinPakistan,
SaudiArabiaandRussiaasHeadofRetailRiskManagement.InPakistanandRussia,hewaspartofthe
pioneeringteamthatwasresponsibleforthelaunchofRetailBankingBusiness.

DuringhistenureinSaudi Arabia with Saudi American Bank, he managed to turnaround an adversely

performing portfolio and also led the retail banking team that helped merge United Saudi Commercial
Bank(previouslyknownasSaudiCairoBank).

KhalidRafi
IndependentDirector
KhalidRafiisanIndependentDirectorontheBoardoftheCompany,electedatthe
AGM of the Company held on October 8, 2012 and he is also Chairman of Board
AuditCommittee(BAC).

Mr. Rafi was a Senior Partner at A. F. Ferguson & Co., Chartered Accountants, a
member firm of PricewaterhouseCoopers LLP, for 20 years. He was also the
presidentoftheInstituteofCharteredAccountantsofPakistanandofManagement
AssociationofPakistan.Mr.RafiisaCharteredAccountant,beingaFellowattheInstituteofChartered
AccountantsinEnglandandWales.

OtherOffices: Chairman,FAMCO

IndependentDirector,CenturyInsuranceCompanyLimited.

Syed Arshad Masood Zahidi

ExecutiveDirector
ADirectoratTheAbraajGroup,currentlyassignedtoKElectric(KE)formerlyKESC,
PakistanasChiefGeneration&TransmissionOfficer.

Mr. Zahidi collectively possesses more than 23 years of experience in Process

Design, Business Development, Project Management, and Plant Management in
fertiliser, power and refinery sectors. He started his career with Engro Chemical
Pakistan Ltd. (formerly Exxon) in 1991 and worked as the operations and design
engineer. His achievements include commissioning of the product handling unit,
implementationoftheenvironmentprojectandureaplantdebottlenecking,with

ammoniaplantmanagerbeinghislastassignment.AsanengineeringmanageratEngroEnergyLimited,
heledthedevelopmentandengineeringofa220MWpowerplantfrom2006to2008.

He joined The Abraaj Group in 2008 and managed industrial portfolios, Byco Petroleum, Pakistan and
MannanShahidForging,Pakistanasanindustrialspecialist.AsamemberofTheAbraajInvestmentTeam,
he carried out due diligence, developed an investment case and acquired management control of KE
(formerlyKESC)inMay2009.HeisanExecutiveDirectorontheBoard,currentlyheadingtheGeneration
andTransmissionsideofthepowerutilityastheChiefGenerationandTransmissionOfficer.Concurrently,
he spearheaded the development and construction of five power plants with a combined capacity of
1,000MWandeleven132kVgridstationsaddingmorethan750MVAoftransmissioncapability.

Mr. Zahidi holds a Bachelors degree in Chemical Engineering from the University of Engineering and
TechnologyinPakistan.

FredericSicre
NonExecutiveDirector
Frederic Sicre is a NonExecutive Director on the KElectric (KE), formerly KESC,
BoardsinceMay7,2013.

Mr.Sicre,ManagingDirectorTheAbraajGroup,hasover20yearsofexperience
in engaging the private sector on global issues, regional development agendas
and community building. He spearheads the Abraaj Strategic Stakeholder
EngagementTrack(ASSET)atTheAbraajGroupthatworkswithleadersfromall
fields,includinggovernments,theprivatesector,mediaandculture.

PriortojoiningtheGroup,Mr.Sicrespent16yearsasamanagingdirectorattheWorldEconomicForum
whereheestablishedtheForumsactivitiesinAfricaandtheMiddleEast.Mr.Sicrewasresponsiblefor
theCenterforRegionalStrategies,withparticularfocusonglobalgrowthmarkets,andactedastheeditor
ofSouthAfricaatTen,abookcelebratingthefirst10yearsofdemocracyinthecountry.

Mr. Sicre is the Chairman of the Mustaqbali Foundation and serves on a number of Advisory Boards,
including Dubai Cares and Injaz Al Arab (Junior Achievement). He is also a member of the World
PresidentsOrganization(WPO).

Mr.SicreholdsanMBAfromIMD,aBachelorofArtsandSciencesfromVillanovaUniversity,Philadelphia
andisaFellowofStanfordUniversity.

OtherOffices: Chairman,MustaqbaliFoundation

Director:

1. WamdaLimited

2. Injaz

3. DubaiCares
BoardMember:
1. EducationforEmployment

MubasherH.Sheikh
NonExecutiveDirector
Mubasher Hussain Sheikh has been a NonExecutive Director of the Company
sinceitsprivatisationonNovember29,2005.

Mr.SheikhjoinedtheNationalIndustriesGroup(Holding),Kuwait,in2001andis
currently holding the position of Group Financial Controller. NIG is one of the
largestlistedinvestmentholdingcompaniesontheKuwaitStockExchangeanda
leading industrial conglomerate in the GCC. NIG focuses on investment
opportunities arising in the MENA region and Indian subcontinent within the
"infrastructureandindustrials"space,whichincludespetrochemicals,oilandgas
services, utilities, building materials, real estate and financial services sectors. NIG has consolidated
assetsinexcessofUSD5billion.

PriortojoiningNIG,Mr.SheikhwasanauditmanageratGrantThorntonInternational,Kuwait,wherehe
workedsince1996.HeiscurrentlyaBoardMemberofKElectric(KE)formerlyKESC,aswellasNational
Combined Industries Holding Company for Energy,Kuwait. He graduated with a degree in mathematics
andstatisticsfromTheUniversityofPunjab,PakistanandisaCharteredCertifiedAccountantUK(FCCA).

HeisalsoaNonExecutiveBoardMemberinProcladGroupLimited,UAE,whichhassalesinexcessofUSD
200millionandspecialisesinthemanufacturingofWeldOverlayCladproductsandinthemanufacturing
ofUnibarcontinuouscastiron.

OtherOffices: GroupFinancialController,NationalIndustriesGroup,Kuwait

BoardMember:

1. ProcladGroupLimited,UAE

2. NationalCombinedIndustriesHoldingCompanyforEnergy,Kuwait

Muhammad Tayyab Tareen

NonExecutiveDirector
Muhammad Tayyab Tareen was an Executive Director of the Company between
May2009toJune2013andheldthepositionofChiefFinancialOfficerandChief
Strategy Officer and since July 2013, he is a NonExecutive Director of the
Company.

Mr. Tareen is Managing Director, The Abraaj Group and Head of Abraaj Pakistan
Fund. He has over 21 years of experience, mainly with multinationals, covering
areas of business turnarounds, financial management, planning and business
acquisitions. Prior to joining The Abraaj Group, in 1996 he was the Chief Financial Officer (CFO) of the
CocaColaCompanymanagedbottlerintheUAEandOman,abusinessthatsawasuccessfulturnaround
from losses to sustained profitability within two years. From 1997 to 2001, he was with CocaCola
BeveragesPakistanasCFOandCompanySecretary.

Hestartedhiscareerin1995withPackagesLimitedinPakistanasManagerProjectFinancing,responsible
for investment reviews and project financing. Mr. Tareen is a qualified Chartered Accountant and
memberoftheInstituteofCharteredAccountantsofEnglandandWales.

OmarKhanLodhi
NonExecutiveDirector
Omar Khan Lodhi is a NonExecutive Director of the Company since August 26,
2010.

Mr.LodhiisaPartnerandRegionalHeadofTheAbraajGroupforEastAsia,based
in Singapore. He has close to 21 years of investing and operating experience
spreadacrossadiverserangeofsectorsinAsia,EuropeandMENA.Priortojoining
TheAbraajGroupin2005,Mr.LodhispentthemostpartofhiscareerwithUBS,
basedinLondonandHongKong.

Mr.LodhiisagraduateoftheLondonSchoolofEconomicswithanHonoursdegreeinInternationalTrade
andDevelopment.HealsoholdsanMBAfromtheHarvardBusinessSchool.

Shan A. Ashary
NonExecutiveDirector
Shan A. Ashary has been a NonExecutive Director of the Company since its
privatizationonNovember29,2005.

Mr. Ashary is a senior executive with over thirty years of proven success in
managing international investments, operations of a large diversified group,
finance,treasury,publicaccounting,andstrategicandcorporateplanning.Hehas
workedwithmultinationalsandleadersoftheindustriesinUK,Canada,USA,UAE,
KuwaitandSaudiArabia.HecurrentlyservesontheBoardsofseveralcompanies
intheUSandtheMiddleEast,includingAlJomaihHoldinginRiyadh,whereheistheChiefInvestment
OfficerInternationalInvestments.

He is a Fellow of the Institute of Chartered Accounts of England and Wales, and has previously been
engagedasVicePresident(COO)OperationsandmemberoftheBoardforAlWazzanHoldingGroupin
Kuwait and Chief Financial Officer/Advisor to the Chairman and member of the executive Board for Al
JeraisyGroupinRiyadh.

HisexperienceintheWesternhalfoftheworldincludes:VicePresidentandPartnerwithMetricsInc.in
Dallas,Texas;ManagerFinanceandAdministrationwithCrowleyMaritimesinSanFrancisco,California;
Manager Internal Audit with Hawker Siddley in Toronto, Canada; and Audit Senior/Supervisor with
Pricewaterhouse&Co.inLondonandMontreal.

OtherOffices: InvestmentAdviser,AlJomaihHoldingCo.(SaudiArabia).

AzizMoolji
NonExecutiveDirector
Aziz Moolji is a NonExecutive Director on the Board of the Company since
September29,2014.
Aziz Moolji has more than fifteen years experience in investment banking,
primarilyinNewYork.AtAbraajheisresponsiblefordealorigination,structuring
and execution, and portfolio management. Before joining Abraaj he was a Vice President with Merrill
Lynch&Co.intheFinancialSponsorsGroupinNewYorkwithjointcoverageandexecutionresponsibility
for leading private equity firms and hedge funds, including KKR, Harbinger, New Mountain Capital and
OaktreeCapital.
Previously hewas a senior associate at GoldmanSachs & Co. in the Mergers and Acquisitions Group in
New York where his responsibilities included origination and execution of corporate M&A transactions.
Overthecourseofhiscareer,Mr.Mooljihasbeeninvolvedintheexecutionofmorethan25transactions,
includingsellsideM&A,buysideM&A,equityofferings,andbankandbondfinancings.
Mr. Moolji holds a Masters in Business Administration from The Wharton School and dual Bachelor of
Science degrees in Electrical Engineering and Management Science from the Massachusetts Institute of
Technology.

Noor Ahmed
Non-Executive Director (GoP nominee)
Noor Ahmed is a NonExecutive Director on the Board of the Company since
September10,2013andrepresentstheGovernmentofPakistan(GoP).

Mr. Ahmed currently holds the position of Senior Joint Secretary (CFII), Finance
Division,MinistryofFinance,GoP.

Prior to this position, he has worked in the capacity of: Senior Joint Secretary,
StatisticsDivision;Chief(Administration),FBR(HQ);DirectorGeneral,Privatization
Commission;JointSecretary(EconomicAffairsWing),PMSecretariat;DeputySecretary(EconomicAffairs
Wing),PMSecretariat;andDeputyDirector,PublicProcurementRegulatory.

HeisanM.A.inDevelopmentStudies(1996)fromtheInstituteofSocialStudiesinHague,Netherlands
(SpecializationinPublicPolicy),andanM.A.inHistory(1988)fromtheUniversityofPunjab,Lahore.

OtherOffices: Director:

1. PHPL

2. GENCOHolding(Pvt)Ltd.,

3. ISGSL

4. PARCO

Muhammad Zargham Eshaq Khan

Non-Executive Director (GoP nominee)
MuhammadZarghamEshaqKhanisaNonExecutiveDirectorontheBoardoftheCompanysinceApril26,
2011.

Mr.KhanrepresentstheGovernmentofPakistan(GoP)ontheKEBODandcurrentlyholdsthepositionof
JointSecretary(Power),MinistryofWaterandPower,GoP
.

OtherOffices: Director:

1. LESCO

2. PESCO

3. HESCO

4. MEPCO

5. GEPCO

Sohail Akber Shah

Non-Executive Director (GoP nominee)
SohailAkberShahisaNonExecutiveDirectoroftheCompanysince10April2014.
He represents the Government of Pakistan (GoP) on the KE BOD and currently
holds the position of Additional Secretary (Power), Ministry of Water & Power,
GoP,Islamabad.

Prior to this position, Mr. Shah worked on key positions in diverse sectors at
various locations including: Additional Secretary / Member, Federal Ombudsman
Office; Additional Chief Secretary, Home Department; Secretary Agriculture
Department;SecretaryForest&WildLife;SecretarytoCMSindh;MemberRS&EP
BoardofRevenue,GovernmentofSind;DirectorGeneral,Mines&MineralDevelopment,Govt.ofSind;
Special Secretary, Education and Literacy Department, Govt. of Sind; Additional Secretary, Health
Department;AdditionalSecretary,LocalGovt.PublicHealthEnggRuralDevelopmentDepartment;Deputy
Secretary, Economic Affairs Division; Administrator, Municipal Corporation Peshawar; Director Food,
GovernmentofSindh;DeputyCommissioner/DistrictMagistrateKhairpur;Hyderabad;Mirpurkhas;and
Thatta;AdditionalSecretary(Imp),CMSecretariat/House,Karachi;ColonizationOfficer,SukkurBarrage;
Revenue Officer, Kotri Barrage; Deputy Secretary, industries Department; Deputy Secretary Home
Department.

Mr.ShahhasaB.E.(Electronics)fromDawoodCollegeofEngineering&Technologyandattendedvarious
trainingprogrammeswhichinclude:AdvanceCourseinPublicSectorManagementatNIPA,Karachiand
ExecutiveLeadershipDevelopmentProgramatJohnF.KennedySchool,HarvardUniversity,Boston.

OtherOffices: Director

1. MEPCO

2. PESCO

3. QESCO

4. HESCO

5. GHCL