SECP approves 51% stake transfer in Askari Life to Fauji Foundation
The Securities and Exchange Commission of Pakistan (SECP) has approved the transfer of shareholding in Askari Life Assurance Company Limited (PSX: ALAC) from Army Welfare Trust to Fauji Foundation.
July 24, 2026 (MLN): The Securities and Exchange Commission of Pakistan (SECP) has approved the transfer of shareholding in Askari Life Assurance Company Limited (PSX: ALAC) from Army Welfare Trust to Fauji Foundation. In a letter dated July 23, 2026, SECP's Licensing & Registration Division conveyed that the request for transfer of shareholding in the company from Army Welfare Trust, the transferor, to Fauji Fo...