Karachi, August 01, 2013 (PPI-OT): We wish to inform that the Board of Directors of Samba Bank Limited (SBL), a subsidiary of Samba Financial Group, Kingdom of Saudi Arabia has appointed Mr. Shahid Sattar as the new President and Chief Executive Officer (Designate) with effect from 1st August, 2013 as Mr. Tawfiq A. Husain has tendered his resignation with effect from 6th September, 2013 due to reaching the age of his retirement. With effect from 7th September, 2013 Mr. Shahid Sattar will be the President and CEO.
Mr. Shahid Sattar has a strong financial industry and commercial banking background with over 33 years of banking experience in Pakistan, Middle East, Africa and Europe. Prior to joining Samba, Mr. Sattar was working as Head of Retail, Consumer Financing, Commercial, Cash Management and Retirement Business at UBL. Before this he has also held portfolio of Group Head, Corporate Banking at UBL Prior to this, Mr. Sattar has worked in NIB Bank Limited as Head of Retail, SME and Commercial Banking Group where he also officiated as Acting President. In addition, Mr. Sattar has worked for leading local, regional and global banking names and has strong credentials of building businesses and teams in his extensive career. This appointment has received the necessary regulatory approval.
Mr. Shahid Sattar bring wealth of experience as a seasoned banking professional with both domestic and international banking background. Mr. Sattar has outstanding leadership capability and proven track record in building successful business.
For more information, contact:
Saima Rasheed Khan
Acting Company Secretary
Samba Bank Limited
6th Floor, Sidco Avenue Centre,
Maulana Deen Muhammad Wafai Road,