Public Offer to Acquire Stake in Pakistan General Insurance Company Limited

Muhammad Shahzad Habib, in conjunction with his family and affiliated parties, has officially initiated a public offering aimed at securing a 7.64% share in Pakistan General Insurance Company Limited (PKGI).

PKGI communicated in a notification to the Pakistan Stock Exchange (PSX) on Monday that this acquisition adheres to the Securities Act, 2015, and its associated takeover regulations.

The notice stated, “Regarding the Public Announcement of Offer to acquire 7.64% of shares (specifically, 3,822,101 Ordinary Shares) of The Pakistan General Insurance Company Limited, contingent upon a minimum acceptance level of 5.35% of shares (amounting to 2,675,471 Ordinary Shares) by Muhammad Shahzad Habib and his family.”

The company clarified that the public announcement of the offer occurred on May 22, 2025.

“We are pleased to inform you that the Offer Letters, including the Acceptance Form, have been dispatched to PKGI shareholders,” the statement mentioned.

According to the public offer announcement, the acceptance period is set from July 09, 2025, concluding on July 15, 2025.