Karachi: BankIslami Limited has released a notice regarding the election of its directors, which is set to occur during its Extraordinary General Meeting on May 11, 2026. The announcement, made public on May 4, 2026, complies with Section 159(4) of the Companies Act, 2017. The meeting will commence at 10:30 a.m. (PST) at Zaver Hall, Pearl Continental, Club Road, Karachi.

According to the notice, eight individuals have expressed their intention to offer themselves for election as directors of the bank. These candidates include Mr. Abdur Rahim, Mr. Khalid Azia Mirza, Mr. Khailullah Shaikh, Ms. Kokab Sadiq Qureshi, Mr. Sameer Qureshi, Mr. Shahid Hussain Jatoi, Mr. Suleiman Sadruddin Mehdi, and Mr. Usman Lalani. The notice asserts that since the number of candidates does not exceed the number of director positions available under Section 159(1) of the Act, all eight individuals will be deemed elected.

The election remains contingent upon receiving the necessary clearance from the State Bank of Pakistan. The notice, along with the ballot paper for the transaction of special business, was published in “The Express Tribune” and “Daily Express” on May 4, 2026.

The announcement also included a request for the information to be communicated to the TRE Certificate Holders of the Exchange. According to information available from the Pakistan Stock Exchange (PSX), this procedural notice follows a prior communication from the bank dated April 20, 2026, underlining the administrative steps preceding the meeting.

The designated market category for BankIslami Limited remains unchanged, with the company continuing to operate within the financial sector. The forthcoming meeting is expected to proceed with the election without any competitive ballots due to the unopposed candidacy of the individuals listed.