Karachi, October 13, 2026: EFU Life Assurance Limited has announced that it will not proceed with its proposed acquisition of 100% of the issued share capital of Waada Digital (Private) Limited, following a mutual agreement between both parties.
According to a material information disclosure submitted to the Pakistan Stock Exchange (PSX) on October 12, 2026, the board of directors of EFU Life Assurance Limited confirmed the decision to discontinue the proposed transaction.
The announcement follows the company’s earlier disclosure regarding the planned acquisition. However, after reaching a mutual understanding, both parties decided not to move forward with the transaction.
EFU Life Assurance requested the Pakistan Stock Exchange to inform the exchange’s Trading Rights Entitlement (TRE) Certificate Holders accordingly. The company also copied the disclosure to the Chairman of the Securities and Exchange Commission of Pakistan (SECP).
The disclosure was signed by Hasan Jivani, Company Secretary of EFU Life Assurance Limited.
The decision marks the conclusion of the proposed acquisition process, although the company has not provided further details regarding the reasons for withdrawing from the transaction in the disclosure.
Market participants will continue to monitor any subsequent announcements from EFU Life Assurance concerning its business strategy, investment plans, and future corporate developments.
