ISLAMABAD: EFU General Insurance Limited has confirmed the appointment of seven directors at its Extraordinary General Meeting, held on July 9, 2026, in Islamabad. This election process was executed without a vote, as the number of candidates matched the number of available board seats.

The company announced on July 9, 2026, that the new board members would serve a term of three years, commencing on July 10, 2026. The appointees include Mr. Saifuddin N. Zoomkawala, Mr. Hasanali Abdullah, Mr. Suleman Lalani, Mr. Asad Nasir, Mr. Saad Ali Bhimjee, Mr. Tanveer Sultan Moledina, and Ms. Yasmeen Hyder.

According to information available from the Pakistan Stock Exchange (PSX), this transition in leadership aligns with the regulations set out under section 159(1) of the Companies Act, 2017. The act stipulates the conditions under which directors can be elected without a formal voting process when the number of candidates equals the number of director positions.

The insurance sector, which is part of the broader financial services market category, now sees these board members steering EFU General's strategic direction for the upcoming three-year period.