📄 Announcement · ALAC Askari Life Assurance Company Limited has received approval from the Securities and Exchange Commission of Pakistan (SECP) for the transfer of 51% shareholding from Army Welfare Trust to Fauji Foundation.
- The approval is granted under Section 67 of the Insurance Ordinance 2000 and SRO 447(1)/2024.
- The transfer is subject to necessary approvals and authorizations required by both parties.
- Any further shareholding changes will require separate applications as per regulatory framework.
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)