SIBL picks Belal Ahmed as acting chairman


FE REPORT | Published: February 01, 2023 08:58:07 | Updated: February 02, 2023 12:18:27


SIBL picks Belal Ahmed as acting chairman

Social Islamic Bank Limited (SIBL) has appointed Belal Ahmed as new acting chairman of the unconventional bank.

The development comes a day after resignation of SIBL's chairman Mahbub Ul Alam and additional managing director Abu Reza Mohammad Yeahia.

SIBL Managing Director (MD) Zafar Alam confirmed the development, saying Mr Belal Ahmed, who was the bank's vice chairman and executive committee (EC) chairman, was made its chairman in a normal board meeting on Tuesday.

Responding to a question, he said Mahbub Ul Alam and Abu Reza Mohammad Yeahia submitted their resignation letters on physical and mental grounds and the board accepted those.

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