Karachi: All market participants have been informed of a change in the security name and symbol for Standard Insurance Company Limited, previously known by the ticker symbol "SICL," to Standard Worldwide Limited. The National Clearing Company of Pakistan Limited (NCCPL) has released details indicating that the new security symbol will be "SWL."

This change, which will be effective from July 2, 2025, marks an official rebranding of the company within the Pakistan Stock Exchange (PSX) framework. The rebranding initiative aligns with the company's strategic objectives to broaden its operational scope and market presence internationally.

According to information available from the Pakistan Stock Exchange (PSX), the transition from "SICL" to "SWL" is a procedural update in the designated market category. The information signifies a notable shift in the company's branding strategy, aiming to enhance its identity in the financial marketplace.

The name and symbol change is a procedural update that market participants need to note as it will require adjustments in trading and record-keeping practices. The effective date of July 2 allows time for the implementation of these changes in trading systems and related documentation.

The renaming to Standard Worldwide Limited reflects the company's commitment to a broader market strategy and international market engagement. This change is an important development for shareholders and market analysts tracking the company’s performance and strategic direction.