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Islamabad, PTCL Group, Pakistan’s leading ICT service provider, has ushered in a leadership change at the helm of U Microfinance Bank. Mr. Mohamed Essa Al Taheri has been appointed as the acting President and CEO of the bank, succeeding Mr. Kabeer Naqvi who recently stepped down from his role.
According to a news release by PTCL, the change was confirmed after Mr. Kabeer Naqvi’s resignation was accepted by PTCL Group. Hatem Bamatraf, the President and Group CEO of PTCL and Ufone 4G, extended a warm welcome to the incoming CEO, Mr. Essa Al Taheri, while acknowledging and thanking the departing Mr. Naqvi for his years of dedicated service to the institution.
In his capacity as the Chairman of the Board of Governors of U Microfinance Bank, Mr. Bamatraf voiced his full commitment to supporting the new CEO in maintaining the Bank’s growth momentum. It’s noteworthy that U Microfinance Bank, under the PTCL Group umbrella, has consistently shown robust financial performance, garnering significant backing from the Group.
Mr. Essa Al Taheri is no stranger to U Microfinance Bank. Prior to this appointment, he served on its Board of Directors. He steps into his new role with an extensive background, having previously held the position of Group EVP for Financial Policies and Systems at e and Group. An alumnus of the University of Wollongong in Dubai, Mr. Essa Al Taheri has a Master’s degree in International Business. His rich career of over two decades includes tenures at prominent institutions such as HSBC Bank, Dubai Commercial Bank, and the Development Board of the Dubai Government.
With the baton now passed to Mr. Essa Al Taheri, PTCL Group remains optimistic about the bank’s future growth. The Group anticipates that under his leadership, the bank will continue its trajectory of digital transformation and innovation. PTCL Group extends its best wishes for his new role.
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