Islamabad, 28 Apr, 2025: The Samba Bank CEO, Ahmad Tariq Azam, has stepped down from his position at the helm of the institution, marking the end of his tenure.
His resignation has been officially confirmed by the bank’s board, effective from April 27, 2025, with his final day scheduled for May 21, 2025.
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Samba Bank Limited, a subsidiary of Saudi Arabia’s National Bank, released a formal notification regarding Ahmad Tariq Azam’s resignation.
According to a stock filing on Monday, the Board of Directors accepted Azam’s resignation, and he will officially depart the role on May 21, 2025.
Samba Bank operates under the umbrella of Saudi National Bank (SNB), which was formed after the merger of Samba Financial Group with National Commercial Bank (NCB) of Saudi Arabia.
This strategic merger led to the creation of SNB, marking a significant shift in the regional banking landscape.
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The resignation of the Samba Bank CEO comes at a time when the bank is navigating this major corporate restructuring.
The reshuffling within Samba Bank signals a pivotal moment for the bank, with future leadership decisions likely to play a crucial role in maintaining the stability and growth of the institution amidst broader market changes.
