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Non-Life Insurance licence to Alfalah Insurance Company Limited.
Tuesday, August 01, 2006

SECP has granted licence to Alfalah Insurance Company Limited to operate as a non life insurer in the country. Alfalah Insurance has been sponsored by Abu Dhabi Group which is the largest foreign investor in Pakistan with investments exceeding US$10 billion.

Backed with some of the worlds leading reinsurers and state of the art IT platform, Alfalah Insurance will soon launch operations from its temporary Head Office at 12 Tipu Block, New Garden Town, Lahore and expects to quickly establish a large network of branches and offices across the country.

A hand picked management team will steer the company in its endeavours to carve out a sizeable share in the Pakistani insurance market.

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Abu Dhabi Group is represented in Pakistan by the following entities: