Karachi: Adamjee Insurance Company Limited has announced the election of its new board of directors, following a resolution passed during an extraordinary general meeting held on May 28, 2025. This resolution complies with Regulation 5.6.9(b) of the Pakistan Stock Exchange Rule Book.

The certified copy of the resolution confirms that seven directors have been elected for a term of three years, starting May 29, 2025. According to the resolution, the directors elected are Mr. Ibrahim Shamsi, Mr. Imran Maqbool, Mr. Mohammad Azeem Rashid, Mrs. Maha Rehman, Mr. Shaikh Muhammad Jawed, Ms. Sadia Younas Mansha, and Mr. Umer Mansha.

The election took place as part of the company's obligations under the Companies Act 2017. The new board includes both independent directors and representatives from the company's leadership. Mr. Mohammad Azeem Rashid and Mrs. Maha Rehman have been designated as independent directors.

According to information available from the Pakistan Stock Exchange (PSX), the announcement marks a significant administrative step for Adamjee Insurance Company Limited. This development is part of the company's ongoing efforts to align with regulatory requirements and ensure effective governance.

Adamjee Insurance Company Limited operates within the designated market category of insurance services. The company is one of the leading providers of both life and non-life insurance products in Pakistan, and this board election is expected to play a crucial role in shaping its strategic direction over the next three years.