Sheikh Nahayan Mubarak Al Nahayan has been elected as new Chairman of the Board of Directors of Bank Alflah Limited, effective from January 15, 2017. The board of directors of Bank Alflah Limited in its meeting held in Karachi on Sunday, January 15, 2017 accepted the resignation of Sheikh Hamdan Bin Mubarak Al Nahayan, Director/Chairman of the Bank Alflah with effect from January 15, 2017.
The board of directors has appointed Sheikh Nahayan Mubarak Al Nahayan as Director of the Bank in place of the outgoing director, with effect from January 15, 2017, for the remainder of his term, subject to no objection/clearance from State Bank of Pakistan. The board has also elected Sheikh Nahayan as new Chairman of the board of directors of the Bank, effective from January 15, 2017.