REG - United Bank Limited - APPOINTMENT OF PRESIDENT & CEO OF UBL

United BankAnnouncement

03/04/2023 09:30

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RNS Number : 1249V  United Bank Limited  03 April 2023

                   Secretary's Department

 

UBL/PSX/President&CEO/23

 

03 April 2023

 

 

The General Manager

Pakistan Stock Exchange Limited

Stock Exchange Building,

Stock Exchange Road,

Karachi.

 

Dear Sir,

 

APPOINTMENT OF PRESIDENT & CEO OF UNITED BANK LIMITED (UBL)

 

We have to inform you that Mr. Shazad G. Dada, upon completion of his 03 years
term, will be stepping down from the office of President & CEO of UBL for
personal reasons. The Board of Directors appreciated Mr. Shazad G. Dada for
his invaluable contributions, leading the Bank towards achieving excellent
growth and financial results. During his tenure, UBL surpassed many milestones
and won prestigious industry awards. He has been a driving force behind many
of the initiatives and projects that have brought the Bank to where it is
today. The Board wishes him good luck in his future endeavors.

 

In view of the above, the Board of Directors has decided to appoint Mr.
Muhammad Jawaid Iqbal as President & CEO of UBL for a term of 03 years
subject to approval of State Bank of Pakistan and compliance with all
applicable laws, rules and regulations in this regard.

 

You may please inform the TRE Certificate Holders of the Exchange
accordingly.

 

 

Yours faithfully,

 

         Sd/-

Aqeel Ahmed Nasir

Company Secretary &

Chief Legal Counsel

 

 

C.C to:

 

1)         London Stock Exchange, London UK.

2)         Citibank N.A, Karachi Branch, Custodian of UBL GDRs.

3)         The Commissioner, Enforcement & Monitoring Division,
SECP, Islamabad.

 

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