First Dawood Investment Bank Limited’s result of board meeting

Karachi, July 20, 2012 (PPI-OT): We have inform you that Board of Directors of First Dawood Investment Bank Limited in their meeting held on Thursday July 19, 2012 at 3:30 p.m. at 1900-B, Saima Trade Tower I.I. Chundrigar Road, Karachi, recommended the following:

(I) Price-Sensitive Information Nil

We are pleased to inform you that Mr. Rasheed Y. Chinoy has been appointed as Chief Executive Officer w. e. f. August 01, 2012 (subject to SECP approval) in place of Mr. Abdus Samad Khan.

For more information, Contact:
Nabeel Asif
CFO & Company Secretary
First Dawood Investment Bank Limited
19th Floor, Tower B, Saima Trade Tower,
I. I. Chundrigar Road, Karachi- 74000.
Ph: (92-21) 32271875-80, 37010960-65, 37014641-4
Fax: (92-21) 3227-1912