Karachi: Askari General Insurance Company Limited has announced a significant development regarding its shareholding structure. As per a disclosure made on July 24, 2026, the company has received approval from the Securities and Exchange Commission of Pakistan (SECP) for the proposed transfer of a substantial portion of its shares.

This approval pertains to the transfer of fifty-one percent (51%) of the company's shareholding from the Army Welfare Trust (AWT) to Fauji Foundation (FF). The SECP communicated its decision through a letter dated July 23, 2026, outlining the terms and conditions under which this transfer is to be executed.

According to information available from the Pakistan Stock Exchange (PSX), this transaction is a notable event in the designated market category, as it involves some of the major entities in the region. The shareholding transfer is expected to influence the company's operations and strategic direction moving forward.

The announcement follows previous disclosures made by Askari General Insurance Co. Ltd., referenced as PSX/AGICO/PSI/Restr/01/2026 and PSX/AGICO/PSI/Restr/02/2026 earlier in July, detailing the proposed change in ownership structure. The approval by the SECP is a pivotal step in finalizing this transaction.

This development marks a critical point for Askari General Insurance, as it aligns with broader corporate strategies and reflects ongoing shifts within the financial landscape.