Samba Bank Appoints New Chairman

As the Saudi-owned bank continues to face a potential change in control, fahad Ali Al Hunaiti has been appointed chairman of the board of Samba Bank Limited (PSX: SBL), replacing Mustafa Ilyas.

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• Govt Uses New Way to Raise $100 Million Against Future Dollar Payments.
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• Jahangir had previously served as acting president and CEO after joining Samba Bank in 2016 as chief financial officer.
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• The leadership change comes after a number of recent developments at Samba Bank.

According to a firm filing dated August 20, the appointment was approved at the board's 136th gathering, with Al Hunaiti moving from his earlier position as a nonexecutive director to chairman. Govt Uses New Way to Raise $100 Million Against Future Dollar Payments.

Notably, the leadership change comes after a number of recent developments at Samba Bank. The bank appointed Rashid Jahangir as its full-time president and chief executive officer in February 2026, subject to State Bank of Pakistan approval.

For context, the appointment of Al Hunaiti therefore comes at a time when Samba Bank is undergoing changes at both the board and management levels while a potential acquisition of its majority stake remains under consideration.

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