MEBL's BoD extends tenor of Irfan Siddiqui as founding President, CEO

MG News | July 10, 2023 at 09:57 AM GMT+05:00

0:00

July 10, 2023 (MLN): The Board of Directors (BoD) of Meezan Bank Limited (PSX: MEBL) has unanimously decided to extend the tenor of Mr. Irfan Siddiqui as the Founding President & CEO of the bank till December 29, 2025.

Mr. Ariful Islam will continue to act in his present role as Deputy CEO until April 18, 2024. It is noted that Mr. Argil Islam was anticipated to succeed the Founding President & CEO as the next President & CEO of Meezan Bank Limited upon the Founding President & CEO's retirement.

However, on account of recent regulations concerning CEO age limits issued by the State Bank of Pakistan such succession is no longer possible. Accordingly, the Board has unanimously decided to appoint Syed Amir Ali as the Deputy CEO, who is expected to join on October 01, 2023.

Upon the retirement of the Founding President & CEO, Syed Amir Ali shall succeed the Founding President & CEO as the President & CEO of Meezan Bank Limited.

The aforementioned development is subject to the receipt of applicable regulatory approvals, including but not limited to Fit and Proper Test clearance from the State Bank of Pakistan.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	163,806.22 500.44M	-0.39% -638.50
ALLSHR	99,845.79 1,977.49M	-0.42% -417.42
KSE30	50,123.85 153.24M	-0.68% -343.31
KMI30	238,530.50 71.49M	-0.36% -850.63
KMIALLSHR	65,898.10 543.80M	-0.37% -245.35
BKTi	46,380.96 92.15M	-0.49% -229.01
OGTi	31,857.40 12.33M	-1.20% -387.93

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	107,220.00	0.00 0.00	545.00 0.51%
BRENT CRUDE	61.34	61.47 60.14	0.28 0.46%
RICHARDS BAY COAL MONTHLY	80.50	0.00 0.00	-1.00 -1.23%
ROTTERDAM COAL MONTHLY	93.20	93.50 93.20	0.05 0.05%
USD RBD PALM OLEIN	1,085.00	1,085.00 1,085.00	0.00 0.00%
CRUDE OIL - WTI	57.25	0.00 0.00	0.10 0.18%
SUGAR #11 WORLD	15.53	15.88 15.45	-0.27 -1.71%