Apna Microfinance Bank Limited (PSX: AMBL) has received clearance from the State Bank of Pakistan (SBP) to appoint Nazish Ali as acting President/Chief Executive Officer (CEO), the bank informed the main bourse on Monday.
“Mr. Nazish Ali was appointed as Acting President/CEO of Apna Microfinance Bank Limited effective from November 30, 2024. This appointment was pursuant to the clearance of State Bank of Pakistan,” it said in a stock filing.
“The said clearance has been received vide letter reference SBPHOK-BPRD-CGD-APNAMFB-814082 dated January 24, 2025,” it added.
The Bank’s principal business is to provide microfinance services to the poor and underserved segment of the society as envisaged under the Microfinance Institutions Ordinance, 2001.
Editorial & Legal Practice Group
Authored and reviewed by the corporate law and tax litigation practice group at Javid Law Associates. Our team comprises High Court advocates, corporate legal advisors, and authorized tax practitioners across Pakistan.
Advocates High Court & Tax Counsel
Jurisdiction: Pakistan