Karachi: EFU Life Assurance Ltd., a prominent entity in the insurance sector, announced significant leadership reappointments following a board meeting held on Friday, July 10, 2026. The company confirmed that Mr. Rafique R. Bhimjee has been re-elected as Chairman, Mr. Taher G. Sachak as Vice-Chairman, and Mr. Mohammed Ali Ahmed as Managing Director & Chief Executive Officer. Each will serve a term of three years, effective from July 10, 2026.

According to information available from the Pakistan Stock Exchange (PSX), the reappointments are pending approval from the Securities and Exchange Commission of Pakistan, as stipulated by the Insurance Companies (Sound and Prudent Management) Regulations, 2012. The market, categorized under insurance, anticipates these leadership roles will continue to steer EFU Life towards stable growth and strategic advancements.