KARACHI: First Credit and Investment Bank Limited (FCIBL) has announced the reappointment of Mr. Faisal Ahmed as Chairman of the Board of Directors for a fresh three-year term, following the receipt of the necessary clearance from the Securities and Exchange Commission of Pakistan (SECP).
The company disclosed the development in a notification submitted to the Pakistan Stock Exchange (PSX) on July 29, 2026. According to the notice, the Board of Directors approved the reappointment after obtaining regulatory approval, ensuring continuity in the bank’s leadership.
In addition to the chairman’s reappointment, FCIBL also announced that the Board has extended the tenure of Mr. Muhammad Mohsin Ali as the bank’s President and Chief Executive Officer (CEO). The move reflects the board’s confidence in the existing leadership team and its commitment to maintaining strategic continuity.
The notification was addressed to the General Manager of the Pakistan Stock Exchange, requesting that the information be communicated to TRE Certificate holders in accordance with regulatory requirements. The announcement was signed by Muhammad Amin Khatri, Company Secretary of First Credit and Investment Bank Limited.
The leadership extensions are expected to provide stability as FCIBL continues to pursue its business objectives and strengthen its operations within Pakistan’s banking and financial services sector.
