KARACHI: The Pakistan Stock Exchange (PSX) has listed Adamjee Life Insurance Company Limited at the main board, making it the seventh equity listing on the main board of the PSX in the fiscal year 2021/22.
PSX Chief Executive Officer and Managing Director Farrukh H Khan congratulated Adamjee Insurance Company and Nishat Group Chairman Mian Muhammad Mansha on the successful listing of the company, saying that the listing is a valuable addition to the insurance sector of the PSX.
“The inclusion of a company dedicated to providing life assurance to its subscribers is a welcome development for the capital market as it is the first Life Assurance Company being listed on the Exchange since 1996,” he added.
“The Adamjee Life has key revenue drivers like Pak Insurance and has witnessed substantial growth in the life insurance industry over the last few years.”
“Adamjee Life is backed by a top Pakistani business house, Nishat Group. I am also very happy to welcome Mian Mansha to PSX. The Group has a number of listed companies in many of the key sectors of the economy. The Group is truly an engine of growth for Pakistan’s economy, with a large and loyal investor base.”
“Last year in the middle of the pandemic, we introduced the Growth Enterprise Market (GEM) board which was focused on the Small and Medium Enterprises (SMEs) both from the tech and other sectors,” he added.
Khan requested MCB Bank to look into its SME portfolio and encourage companies to list on the GEM board, saying...
Read Full Story: https://www.bolnews.com/business/2022/03/psx-lists-adamjee-life-on-the-main-board/
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.
