RBS Pakistan board of directors reconstituted

19 Oct, 2010

Faysal Bank Ltd (FBL) said it has completed the process to acquire 99.37 percent shareholding in Royal Bank of Scotland Ltd (RBS Pakistan) from its principal shareholder RBS N.V. for 41 million Euros or Pak Rs 4.298 billion. In a communique sent to KSE here Monday, FBL said that the board of directors of RBS Pakistan has been reconstituted with Syed Naseem Ahmed has been appointed as new chairman and Naveed A Khan as new CEO replacing Muhammad Aurganzeb and Salman Sarwar Butt, respectively.

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