Fauji Foundation acquires majority stake in Askari General Insurance

Fauji Foundation has acquired a 51% stake in Askari General Insurance Company Limited, following the execution of the transaction on August 28, 2026. The acquisition was disclosed by Askari General Insurance in a filing to the Pakistan Stock Exchange, with the shares transferred from Army Welfare Trust to Fauji Foundation at carrying cost.

The transaction is clarified by AGICL as not constituting an acquisition, merger, or change in control, and does not impact the market or competition. Fauji Foundation is a social hybrid enterprise and one of Pakistan's largest social entities, established to serve the welfare of ex-servicemen and their families.

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