SBL elevates Rashid Jahangir from acting to permanent CEO
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MG News | February 18, 2026 at 09:51 AM GMT+05:00
February 18, 2026 (MLN): Samba Bank Limited's (PSX:SBL)
Board of Directors has approved the appointment of Mr. Rashid Jahangir, who is
currently serving as Acting President and CEO, as full-time President and Chief
Executive Officer of the bank.
The decision was taken during the bank's 133rd Board of
Directors meeting held on February 17, 2026.
The appointment is subject to approval from the State Bank
of Pakistan and compliance with all applicable laws, rules, and regulations, according
to the company's statement issued today.
Mr. Rashid Jahangir has been leading the bank in an acting
capacity and will now transition to a permanent role upon receiving regulatory
clearance from the central bank.
The appointment comes as SBL delivered a modest
improvement in its financial performance for the year ended December 31, 2025, as
it posted a net profit of Rs727.2m up 4%
YoY with earnings per share rising to Rs0.72 from Rs0.69.
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