Security Investment Bank Limited at its board meeting held on August 7, 2023, accepted the resignation of Mr. M Azam Khan Ghouri as an Independent Director of Security Investment Bank Limited. This decision reflects his departure from the board and the consequent cessation of his directorship role. Appointment of Independent Director: In response to the vacancy created by Mr. Ghouri's resignation, the Board has approved the appointment of Mr. Tanveer Farhan Mehmood as an Independent Director.

However, the appointment is subject to approval from the competent authority.