Samba Bank Appoints New Chairman
Fahad Ali Al Hunaiti has been appointed chairman of the board of Samba Bank Limited (PSX: SBL), replacing Mustafa Ilyas, … Read More The post Samba Bank Appoints New Chairman appeared first on ProPakistani .
Samba Bank Limited, a Saudi-owned bank, has appointed Fahad Ali Al Hunaiti as its new chairman of the board, replacing Mustafa Ilyas. The appointment was endorsed during the bank's 136th board meeting, with Al Hunaiti transitioning from his role as a nonexecutive director to the chairman position. This leadership change follows recent developments at Samba Bank, including the appointment of Rashid Jahangir as the bank's full-time president and chief executive officer in February 2026, pending State Bank of Pakistan approval.
Jahangir had already served as acting president and CEO since joining Samba Bank in 2016 as chief financial officer. The appointment of Al Hunaiti occurs as Samba Bank undergoes changes at both its board and management levels, amid a potential acquisition of its majority stake. Samba Bank Appoints New Chairman was initially reported by ProPakistani.
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