KARACHI, April 26: The board of directors of Samba Bank Limited (SBL), in its recently held meeting, announced the appointment of Dr Shujaat Nadeem as the new chairman of the SBL board.

Dr Nadeem has been a nominee director of the Samba Financial Group (SFG), Kingdom of Saudi Arabia, on the board of SBL since 2007, a press release said. In addition, the SBL board also appointed two newly-elected directors, Antoine Mojabber and Medhat Fareed Abbas Tawfik who are also nominee directors of SFG.