The Board of Directors of Majuperak Holdings Berhad informed that its Group Chief Executive Officer ("CEO"), Encik Nizran Bin Noordin, has been given garden leave effective from 2 September 2022 until the expiry of his service contract (i.e. 31 October 2022). During his absence, Encik Syed Agil bin Syed Hashim (“Encik Syed Agil”), the Chief Financial Officer of MHB will be appointed as the Acting Group CEO to assume the day-to-day management of MHB and its subsidiaries. Encik Syed Agil graduated with a Master of Business Administration in Finance and Bachelor's Degree in Accounting from International Islamic University Malaysia and is a Chartered Accountant registered with the Malaysian Institute of Accountants.

He has over 20 years of experience in senior management, corporate, finance, funding, business planning, and auditing in the accounting and corporate services profession. In 1995, he joined KPMG (Kuala Lumpur) as an Audit Senior to perform audits in various industries including manufacturing, trading, oil & gas, hotel, and public listed companies. He then joined Multimedia Development Corporation as a Finance Manager for about 6 years before he joined Malaysian Biotechnology Corporation in year 2006 with his last position as Chief Investment Officer.

In 2021, he joined Perak State Development Corporation as Deputy Chief Executive prior to joining MHB on 1 July 2022 as the General Manager of Corporate Finance.