Saroor Investment has taken over the management of Arif Habib Bank Limited (AHBL) and has changed the board of directors. The new AHBL directors are Nasser Abdullah Hussain Lootah Chairman and director, Hussain Lawai President and CEO with other directors namely Nasim Beg, Asadullah Khawaja, Mohammed Ahmad Mousa Ismail, Khrida Nasser Abdullah Hussain Lootah and Md. Jaglul Karim.
The new board of directors of Arif Habib Bank Limited (AHBL) have decided to inject additional capital of Rs 2.5 billion into the equity of the bank.
Karachi, March 5, 2010