EFU Life Assurance considers acquisition of Waada Digital
MG News | June 29, 2026 at 01:01 PM GMT+05:00
June 29, 2026 (MLN): EFU Life Assurance Limited (PSX:EFUL) is considering a potential acquisition of
Waada Digital (Private) Limited, following approval from its Board of Directors.
The contemplated
transaction, however, remains subject to due diligence, negotiation, and
execution of definitive transaction documents.
Receipt of all applicable corporate and regulatory approvals will also be required before the deal can be concluded.
The
aforementioned information was disseminated through a notification to
Exchange.
Waada Digital is a Karachi-based insurtech startup focused on making insurance simple, affordable, and accessible across Pakistan, with a broader vision of bringing the country's insurance penetration in line with other South Asian economies.
If the acquisition goes through, it would mark a significant strategic move for EFU Life, one of Pakistan's leading life insurance companies into the digital insurance distribution space, potentially strengthening its reach across underserved market segments.
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