Karachi: Samba Bank Limited (SBL) has announced a significant change in its board of directors following the resignation of Mr. Javed Kureishi from his position as an Independent Director. The board has approved the appointment of Mr. Imran Ahad as the new Independent Director, pending approval and clearance by the State Bank of Pakistan (SBP). This development was detailed in a statement released by the bank on July 21, 2026.

The appointment of Mr. Ahad comes after Mr. Kureishi's decision to step down, and it aims to ensure continuity and robust governance within the board. Mr. Ahad will serve for the remainder of the period left by his predecessor, bringing with him a wealth of experience and expertise in the banking sector.

Samba Bank Limited operates within the financial sector, a significant segment of the designated market category, and such appointments are crucial for maintaining investor confidence and adhering to regulatory frameworks. According to information available from the Pakistan Stock Exchange (PSX), the bank's recent board changes have been closely monitored by market analysts and stakeholders alike.

The decision to appoint Mr. Ahad reflects the bank's proactive approach in addressing board composition and compliance requirements. As the approval process by the SBP is underway, the bank remains committed to upholding its strategic objectives and corporate governance standards.