Karachi: Shaheen Insurance Company Ltd has announced a change in the allocation of its nominee shares. The company has confirmed that a total of 500 nominee shares, classified under the ordinary class, have been transferred. This transfer was processed on July 22, 2025, and involved a change in directors within the company.

The outgoing director, Air Commodore Tausif Sadiq (Retd.), transferred these shares to the incoming director, Air Commodore Amer Altaf (Retd.), marking a significant shift in the company's board composition. This transition reflects the ongoing changes in the leadership structure at Shaheen Insurance Company Ltd.

According to information available from the Pakistan Stock Exchange (PSX), the transfer of these shares is part of regular corporate governance procedures. The designated market category for Shaheen Insurance Company Ltd is insurance.

Stakeholders and TRE Certificate Holders of the Exchange have been duly informed about this development, ensuring transparency and compliance with regulatory requirements. The company emphasizes its commitment to maintaining clarity in its operations and keeping all relevant parties informed of significant changes.