📄 Announcement · ALAC Askari Life Assurance Company Limited has disclosed the transfer of 51% of its shares from Army Welfare Trust (AWT) to Fauji Foundation (FF) at a carrying cost of PKR 7.71 per share, pending regulatory approvals.
- AWT currently holds 66.65% of ALAC shares and is a charitable organization supporting Army soldiers.
- FF, also a charitable organization, focuses on welfare activities for ex-servicemen and their families.
- The transaction does not alter the ultimate beneficial or economic control of ALAC and is not expected to impact market competition.
About this brief: prepared automatically by BSL’s research systems from the company’s filing with the exchange. A summary for information, not investment advice — the original filing is the authoritative record.
Original filing (PDF)