Karachi: In a move that impacts the leadership of a key financial entity, First National Bank Modaraba has announced the appointment of Mr. Shahid Iqbal Choudhri as the regular Chief Executive Officer of National Bank Modaraba Management Company Limited. This change in leadership will take effect from July 28, 2025. The announcement was made in compliance with Section 96 of the Securities Act, 2015, and Clause 5.6.1 (a) of the PSX Regulations.

The decision to appoint Mr. Choudhri comes as part of the company’s strategic leadership realignment. According to information available from the Pakistan Stock Exchange (PSX), stakeholders have been informed of this transition, which is expected to influence the company's future operations and strategies.

The management of First National Bank Modaraba, a company categorized under the financial sector, anticipates that Mr. Choudhri's leadership will steer the organization toward achieving its long-term goals. The impact of this appointment on the market and TRE Certificate holders of the Exchange will be observed following the effective date.