KUALA LUMPUR (Sept 9): Ahmad Zaki Resources Bhd (KL:AZRB) has redesignated executive vice-chairman Datuk Seri Wan Zakariah Wan Muda to chairman, effective immediately.

Zakariah owns 5.32 million direct shares, representing a 0.8% stake, and 27,000 indirect shares in Ahmad Zaki Resources. He is also the older brother to executive director Datuk Wan Zulkifli Wan Muda.

His appointment follows the resignation of Tan Sri Dr Madinah Mohamad, who resigned on Wednesday to pursue personal interests, according to a bourse filing.

Madinah first joined the board in 2021 and served as auditor-general from February 2017 until her contract ended in 2019.

Shares of Ahmad Zaki Resources were up by half a sen, or 5%, to 10.5 sen on Wednesday’s market close, giving the group a market value of RM69.1 million.

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