AWT Acquires 51% Stake in Askari Life Assurance Company

Askari Life Assurance Company Limited has announced that AWT has completed the acquisition of 76.59 million ordinary shares, representing a 51% controlling stake in the company.

 

According to the disclosure, the transaction was executed on August 28, 2026, involving the transfer of 76,587,727 shares from Army Welfare Trust (AWT) Foundation (FF) to AWT.

 

The company said the transaction does not constitute an acquisition, merger or change in control involving commercial investment activity that could materially affect market competition. It also stated that the transaction does not result in any material benefit for the ultimate beneficial owner of the company.

 

The latest disclosure follows the company's earlier announcements regarding the proposed transfer of the 51% shareholding.