Islamabad: Samba Bank Limited has announced the election of its Board of Directors, as detailed in a notice published on April 10, 2025, in the Business Recorder and Daily Dunya. The election is scheduled for the bank's Twenty-Second Annual General Meeting, to be held on April 17, 2025, in Islamabad.

The notice, issued under Section 159(4) of the Companies Act, 2017, lists eight individuals who have expressed their intention to serve as directors. They include Mr. Mustafa Ilyas, Mr. Fahad A. AlHunaiti, Mr. Mazen All AIDhabi, Ms. Kholood Khalid Al-Khelaiwi, Ms. Zeeba Ansar, Hafiz Mohammad Yousaf, Mr. Javed Kureishi, and Mr. Shaft:pat Ahmed.

Among these candidates, Ms. Kholood Khalid Al-Khelaiwi and Ms. Zeeba Ansar are nominated as female directors, with Ms. Ansar also being classified as an independent director. The bank has outlined that the elections will comply with Section 159(1) of the Companies Act, which states that the number of candidates should not exceed the number of directors set by the Board.

According to information available from the Pakistan Stock Exchange (PSX), the candidates will be considered elected at the upcoming meeting, as the number of nominees matches the positions available. This election will commence their three-year tenure, pending approval from the State Bank of Pakistan.

The independent directors have been selected based on their expertise, qualifications, and adherence to the criteria established in Section 166 of the Companies Act, 2017, and related regulations. The designated market category for Samba Bank Limited is the financial services sector.