Karachi: Shaheen Insurance Company Ltd. has announced the election of its board of directors, set to take place on June 22, 2026, which will occur without contestation. According to the company's notice, published across multiple editions of the newspapers 'Business Recorder' and 'Nawa-e-wagt' on June 14, 2026, the election will be held at the Institute of Chartered Accountants of Pakistan in Karachi.

The company disclosed that seven individuals have filed the necessary documents to stand for election as directors. These individuals are Air Vice Marshal Junaid Ahmed Siddiqui (Retd.), Air Vice Marshal Muhammad Qaiser Janjua (Retd.), Air Commodore Wasim Ahmed Khan (Retd.), Air Commodore Amer Altaf (Retd.), Mr. Adeel Ali, Ms. Farrah Azeem Khan, and Mr. Jehangir Shah. Notably, Ms. Khan and Mr. Shah are listed as independent directors.

According to information available from the Pakistan Stock Exchange (PSX), the election is being conducted under Section 159(4) of the Companies Act, 2017. As the number of candidates does not exceed the number of positions available, the seven nominees will be automatically appointed, as stipulated by the law. Their term as directors will begin on June 11, 2026, and extend for three years.

Shaheen Insurance Company Ltd. operates within the designated market category of the insurance sector. The upcoming election is an internal procedural event, ensuring compliance with governance protocols as outlined by the Companies Act, 2017.