PAKISTAN
Samba Bank Limited (SBL) has informed the Pakistan Stock Exchange (PSX) that its Board of Directors has approved the appointment of Mr. Rashid Jahangir as President and Chief Executive Officer of the bank.
The decision was taken during the 133rd meeting of the Board of Directors held on February 17, 2026. Mr. Jahangir, who has been serving as Acting President & CEO, will now assume the role on a full-time basis.
The appointment is subject to approval from the State Bank of Pakistan (SBP) and compliance with all applicable laws, rules, and regulatory requirements.
The bank did not disclose further details regarding the tenure of the appointment. However, the move signals continuity in leadership at Samba Bank, as Mr. Jahangir transitions from his interim role to permanently head the institution.
Market observers view the appointment as a step toward maintaining strategic stability and operational consistency within the bank, pending regulatory clearance from the central bank.
ER News Desk
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