Adamjee Insurance to divest 6.5% stake in Adamjee Life

June 20, 2025 (MLN): The board of directors of Adamjee Insurance Company Limited (PSX: AICL) has approved the sale of 16.25 million shares, equivalent to 6.5% of its subsidiary Adamjee Life Assurance Company Limited (PSX: ALIFE).

The transaction will be executed through off-market trades on the Pakistan Stock Exchange Portal to satisfy the free-float requirement under Clause 5.4.1 of the PSX Regulations.

Upon completion of these off-market trades, Adamjee Insurance’s direct holding in Adamjee Life will decrease from 225 million shares (90% of paid-up capital) to 208.75 million shares (83.5%).

The divestment is designed to enhance the liquidity of ALIFE’s equity and ensure ongoing compliance with exchange-mandated free-float thresholds.

Adamjee Life Assurance Company, a leading life insurer in Pakistan, will continue to be consolidated as a subsidiary of Adamjee Insurance under prevailing accounting standards.

The off-market transactions are expected to be completed in tranches over the coming weeks, subject to normal settlement procedures and regulatory approvals.

The Pakistan Stock Exchange has been notified of the decision, and the Securities and Exchange Commission of Pakistan has been copied on the disclosure.

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