Karachi: The Board of Samba Bank Limited has confirmed the appointment of Mr. Emil Abdul Shakoor as a Non-Executive Director, marking a pivotal change in the bank's governance structure following the recent resignation of Mr. Mustafa Ilyas from the same position. This decision, made public in the bank's report dated September 29, 2026, is contingent upon the approval and clearance from the State Bank of Pakistan.

The appointment of Mr. Shakoor fills the casual vacancy left by Mr. Ilyas, indicating a seamless transition for the bank as it continues its strategic operations within the financial sector. The bank has informed the relevant TRE Certificate Holders of the Pakistan Stock Exchange regarding this development.

According to information available from the Pakistan Stock Exchange (PSX), such appointments are part of the routine governance practices that ensure the bank's compliance with regulatory standards and enhance its operational oversight.

The completion of this appointment process is anticipated to further strengthen the board's structure, aligning with the bank's long-term objectives in the competitive banking market segment.