SBN Holdings Limited at the Annual General Meeting was held on 23 April 2024, approved Ms. Natasha Bassingthwaighte (independent non-executive director) retired from the board of directors effective 31 December 2023. Mr. Herbert Maier retired from the board of directors as at effective date of the Annual General Meeting (23 April 2024). Ratified the appointment of Mr. Isac Tjombonde who was appointed as the Board Chairman of SBN Holdings Limited and Standard Bank Namibia Limited with effect 01 April 2024.

Regulatory approval for the appointment was obtained effective 05 February 2024.