United Bank Limited announced that Mr. Shazad G. Dada, upon completion of his 03 years term, will be stepping down from the office of President of UBL for personal reasons. During his tenure, UBL surpassed many milestones and won prestigious industry awards. He has been a driving force behind many of the initiatives and projects that have brought the Bank to where it is today.

In view of the above, the Board of Directors has decided to appoint Mr. Muhammad Jawaid Iqbal as President of UBL for a term of 03 years subject to approval of State Bank of Pakistan and compliance with all applicable laws, rules and regulations in this regard. Company informed that upon FPT clearance by State Bank of Pakistan (SBP), Mr. Muhammad Jawaid Iqbal has joined UBL as President effective 02 May 2023 in place of Mr. Shazad G. Dada, who has proceeded on leave for personal reasons till the expiry of his three years term 30 June 2023.