TPL Insurance Board Meeting Scheduled to Discuss Acquisition of Major Insurance Player’s Assets and Liabilities

Karachi, In a significant development, TPL Insurance Limited has announced that its Board of Directors will convene a crucial meeting on May 26, 2023. The primary agenda of the meeting will be to deliberate and approve the draft Scheme of Arrangement for the acquisition of assets and liabilities from a prominent insurance player operating in the Pakistani market.

To ensure transparency and integrity throughout the decision-making process, the company has instituted a "Closed Period" that commenced on May 19, 2023, and will continue until May 26, 2023. During this period, all directors, CEOs, and executives are prohibited from directly or indirectly engaging in any share-related transactions pertaining to TPL Insurance Limited.