Karachi: The shareholders of Standard Chartered Bank (Pakistan) Limited have unanimously re-elected the board of directors in an Extraordinary General Meeting held on April 28, 2025, at the National Institute of Banking and Finance in Karachi. The re-elected directors will serve a tenure of three years, starting from April 29, 2025, pending approval from the State Bank of Pakistan.

The board members who have been re-elected include Mr. Rehan Muhammad Shaikh, Mr. Christopher Parsons, Ms. Rola Abu Manneh, Mr. Sheikh Jobe, Mr. Ehsan Ali Malik, Mr. Badaruddin Fatehali Vellani, and Mr. Ghiasuddin Khan. These directors hold various roles within the board, with some serving as executive, non-executive, and independent non-executive directors.

Following the election, a special meeting of the Board of Directors took place, where Mr. Christopher Parsons was re-appointed as the Chairman of the Board for another three-year term. Additionally, Mr. Rehan Muhammad Shaikh was re-appointed as the Chief Executive Officer (CEO) until December 31, 2026. Both appointments are contingent upon clearance from the State Bank of Pakistan.

According to information available from the Pakistan Stock Exchange (PSX), the re-election of the board and subsequent appointments are significant for the bank's governance and strategic direction. The designated market category for Standard Chartered Bank (Pakistan) Limited is banking and finance.

The bank will inform the TRE Certificate Holders of the Exchange regarding these developments.