Samba Bank apppoints Fahad Ali Al Hunaiti as chairman

Samba Bank Limited (SBL) named Fahad Ali Al Hunaiti, a non-executive director, as chairman of its board on Thursday. Business Recorder reported that the bank informed the Pakistan Stock Exchange through a regulatory filing.

The move follows the resignation of Mustafa Ilyas, who had served as non-executive director and chairman, effective August 16, 2026. He has 17 years of background in finance, spanning banking and investment management. He now heads Principal Strategies at Saudi National Bank, where he oversees proprietary investments of SR 260 billion across global asset classes.

Al Hunaiti is described as a seasoned financial executive. His academic background includes a finance degree from KFUPM. He has also attended executive programmes at Wharton and Columbia Business Schools.