Islamabad: EFU Life Assurance Limited, a significant player in the insurance sector, has announced its consideration of a potential acquisition of Waada Digital (Private) Limited. This strategic move was approved by the Board of Directors of EFU Life Assurance Ltd. during a meeting held on June 29, 2026.

The potential acquisition remains in its preliminary stages and is dependent upon thorough due diligence, negotiation, and the execution of definitive transaction documents. Additionally, the transaction will require obtaining all necessary corporate and regulatory approvals before proceeding further.

According to information available from the Pakistan Stock Exchange (PSX), EFU Life Assurance Limited's intent to acquire Waada Digital has been formally communicated as per the regulatory requirements outlined in Section 96 and Section 131 of the Securities Act 2015. This disclosure was made to keep TRE Certificate Holders of the Exchange duly informed.

The communication was accompanied by a disclosure form, in compliance with SRO 143(1)/2012, which provides further details on the proposed transaction. The registered office of EFU Life Assurance Limited is located at Kamran Center, 4th Floor, Plot No. 85, East Jinnah Avenue, Blue Area, Islamabad.

EFU Life Assurance Limited's Company Secretary, lia_san Jivani, is the designated contact for any inquiries regarding this potential acquisition. The company has provided its contact information, ensuring transparency and accessibility as the acquisition process moves forward.