Material Information of Security Investment Bank Limited

Karachi, Security Investment Bank Limited reported Pakistan Stock Exchange that their Chief Executive Officer, Mr. Muhammad Hanif Yousuf due to his medical reasons do not wish to extend his appointment as the Chief Executive Officer of the Company after completion of his term on July 6, 2016. The Board has therefore decided to appoint Mr. Muhammad Mehboob as Chief Executive upon completion of the term by Mr. Muhammad Hanif Yousuf.

Security Investment Bank Limited is a public limited company incorporated in Pakistan under the Companies Ordinance, 1984. The bank was incorporated in Pakistan on May 23rd, 1991. It started its commercial operation on 31 December 1991. It is licensed to carry out business of investment finance services as a Non-Banking Finance Company under section 282C of the Companies Ordinance, 1984 and the Non-Banking Finance Companies Rules, 2003 issued by the Securities and Exchange Commission of Pakistan as amended through SRO 1131 (I) /2007 dated 21 November 2007 and Non-Banking Finance Companies and Notified Entities Regulations 2008. The registered office of the company is located in Islamabad. The shares of the company are quoted on the Karachi, Lahore and Islamabad Stock Exchanges of Pakistan.

The bank is active in the money market activities. These activities include making short-term investments in government securities, shares, lending, borrowing, placements, promissory notes, banker’s acceptance and other money market instruments.

The symbol “SIBL” is being used by the stock exchange for the shares of Security Investment Bank Limited.