Karachi: Allied Bank Limited announced today that Ms. Sarah Naeem has been appointed as an Executive Director on the Bank's Board. The decision was made during a Board of Directors meeting held on January 5, 2026, to fill the vacancy left by the passing of Sheikh Mukhtar Ahmad. This appointment is pending clearance by the State Bank of Pakistan.

According to information available from the Pakistan Stock Exchange (PSX), the Board's decision was communicated to ensure stakeholders and TRE Certificate Holders are duly informed of the change in the Bank's leadership.

Allied Bank Limited, categorized under the designated market category, made this strategic move to maintain stability and leadership continuity within its Board.