Karachi: Samba Bank Limited has announced the resignation of its Non-Executive Director and Chairman, Mr. Mustafa Ilyas, who stepped down from his position on August 16, 2026. The resignation was communicated to the Pakistan Stock Exchange in compliance with Section 96 of the Securities Act, 2015, and Clause 5.6.1(a) of the PSX Regulations.

According to information available from the Pakistan Stock Exchange (PSX), the resignation of Mr. Ilyas marks a significant change in the leadership structure of Samba Bank Limited. The bank, which operates within the designated market category, is now in the process of identifying a suitable successor to fulfill the vacated role.

This development comes after Mr. Ilyas's tenure with the bank, where he served as a pivotal figure in steering the board's strategic direction. The resignation is effective as of August 16, 2026, and the bank has yet to announce any interim arrangements or future plans regarding the appointment of a new chairman.