Jahangir Siddiqui & Co. Ltd. has announced a significant equity investment in EFU Life Assurance Limited, an associated company, during its Board meeting on October 14, 2026.
- The Board approved a long-term equity investment of PKR 86.96M by subscribing to 8,696,339 right shares of EFU Life Assurance at a par value of PKR 10 each.
- This investment is subject to the passing of a special resolution under Section 199 of the Companies Act, 2017.
- An Extraordinary General Meeting is scheduled for November 06, 2026, at 11:30 AM in Islamabad to seek shareholders' approval for this investment.
- The move indicates a strategic commitment to bolster its stake in the associated company, potentially enhancing future revenue streams.