Acquisition of 31.73% ordinary shareholding of Shaheen Insurance Company Limited

First Capital Securities Corporation Limited and Shaheen Foundation PAF have executed a Share Purchase Agreement with Hollard Insurance Company Limited for acquisition of their entire shareholding in Shaheen Insurance Company Limited of 6,345,296 ordinary shares (31.73%), in the following proportion:

First Capital Securities Corporation Limited : 3,181,155 shares
Shaheen Foundation PAF : 3,164,14 shares

The closing of transaction will be done after completion of necessary corporation and legal formalities.

Source: KSE Notice