Ibex has shared an update confirming that Mohammed Khaishgi, Chairman of TRG Pakistan Limited and CEO of TRGI, has withdrawn his nomination for re election to the Ibex Limited Board of Directors. The notification was provided through a supplement to the Company’s 2025 Proxy Statement and states that his decision is due to personal reasons. His move is not linked to any dispute involving Ibex’s operations, policies, or practices. His service on the Board has concluded immediately following the 2025 Annual Meeting, held on December 5. Ibex extended appreciation for his years of service and announced that it has not yet selected a replacement. The company is examining available options to fill the position. Shareholders who had already cast votes in his favour were advised that the votes would not be counted and that they could revise their ballot before the final tally is completed.
Khaishgi continues his leadership roles across TRG related companies and has not stepped down from any other Boards, including TRG and TRGI. His position within the TRG ecosystem remains central, as he serves as CEO and Chairman of TRGI, the parent investment holding company, and as Chairman of TRG Pakistan, where he guides strategic direction and high level decision making. His longstanding relationship with TRGI spans multiple senior roles. He is a founding partner and director of the company and became CEO in 2021 after many years as Chief Operating Officer, a post he had held since 2004. During his time at TRGI, he has overseen day to day operations and supervised its portfolio of direct holdings. He also previously served as the Company’s CEO from September 2017 to June 2019, further strengthening his involvement in shaping its operations.
He continues to serve in several directorship roles within TRGI affiliated entities. Since 2004 he has been Director and COO of TRG Holdings LLC. He has held a directorship at BPO Solutions Inc since 2010 and has been associated with Bluecourt Management LLC, an investment company involving TRGI and its management, since 2019. In 2025 he also joined the Board of Afiniti Newco LLC. His earlier affiliation with Afiniti Ltd includes serving on its Board from 2013 to 2020 and returning from March 2022 until December 2024. Afiniti Ltd recently underwent a major restructuring that shifted control to a creditors’ group, marking a significant transition in its corporate structure. His involvement across these companies highlights the breadth of his experience in managing technology, outsourcing, and investment led operations within the TRGI network.
Before his extensive work at TRGI, Khaishgi built his expertise across global technology and financial institutions. He was Senior Director at Align Technology from 2000 to 2002 where he managed its offshore delivery center and back office operations. Between 1995 and 2000 he worked at IFC as Senior Investment Officer, responsible for managing IFC’s investment portfolio in Asian telecommunications and technology sectors. These roles helped establish the foundation for his leadership across TRGI and its affiliated companies. Ibex’s update underscores that although his Board service has concluded, his broader professional commitments continue unchanged while the company reviews how to address the vacant Board seat.
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