NIB Bank Limited’s resignation and appointment

Karachi: We write to inform you that Mr. Khawaja Iqbal Hassan has submitted his resignation as the President and Chief Executive Officer of NIB Bank Limited (NIB). The Board of Directors of NIB has accepted Mr. Hassan’s resignation, which shall become effective upon the consent of the State Bank of Pakistan (“SBP”) in line with the SBP’s regulations. Mr. Hassan will, however, continue to serve as a member of the Board of NIB.

The Board of Directors was pleased to note the significant contributions made by Mr. Hassan as the founder of NIB and his exemplary dedication to developing NIB into a respected brand name in Pakistan.

The Board of Directors has designated Mr. Aamir Zahidi, an existing Director of the Bank, as the interim President and Chief Executive Officer of NIB effective from the date on which his appointment is approved by SBP.

For more information, contact:
NIB Bank Limited
Muhammadi House,
I.I. Chundrigar Road,
UAN: 111-333-111
Fax: (92-21) 32417503

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