Karachi, Summit Bank Limited informed Pakistan Stock Exchange that Mr. Mohammad Faisal Shaikha has resigned from the directorship of the Bank with effect from March 18, 2019.
Summit Bank Limited was incorporated in Pakistan as a public
company limited on December 09, 2005 under the Companies Ordinance, 1984. The
ultimate holding company of the Group which comprises of Summit Bank Limited
the holding company and Summit Capital Private Limited a wholly owned
subsidiary is Suroor Investments Limited a company incorporated in Mauritius.
The bank is principally engaged in the business of commercial banking through
its 187 branches in Pakistan as defined in the Banking Ordinance, 1962. The
stocks of the bank are quoted on the Karachi, Lahore and Islamabad Stock
Exchanges of Pakistan. The registered office of the bank is situated at
Islamabad.
The bank commenced its operation in August, 2006 and commenced in all the
segments of banking which include Corporate and Investment Banking, Trade
Finance, Commercial Mid Market / SMEs, and Consumer Banking.
The symbol “SMBL” is being used by the stock exchanges for the shares of Summit
Bank Limited.
