Karachi: Samba Bank Limited has announced a significant change in its board of directors following the resignation of Mr. Hafiz Mohammad Yousaf. On August 31, 2026, the bank's board approved the appointment of Mr. Salman Mohammad Syed as a Non-Executive Director, pending approval from the State Bank of Pakistan (SBP).

The decision comes as part of a leadership transition within the bank, which is listed on the Pakistan Stock Exchange and falls under the designated market category of financial institutions. According to information available from the Pakistan Stock Exchange (PSX), the appointment of Mr. Syed is set to fill the vacancy left by Mr. Yousaf for the remainder of the term.

Samba Bank Limited awaits the requisite clearance from the SBP to finalize the appointment, reflecting the regulatory oversight typically involved in such high-level appointments within the banking sector.