EFU Life Assurance Limited has announced that it is evaluating the potential acquisition of Waada Digital (Private) Limited, marking a strategic move that could enhance the insurer’s digital capabilities and expand its presence in Pakistan’s evolving insurtech landscape.
In a material information disclosure submitted to the Pakistan Stock Exchange (PSX) on June 29, 2026, EFU Life stated that its Board of Directors approved the consideration of the proposed acquisition during a meeting held the same day.
The company clarified that the proposed transaction is still at a preliminary stage and remains subject to several conditions. These include the completion of due diligence, successful negotiations, execution of definitive transaction agreements, and receipt of all necessary corporate and regulatory approvals. As a result, there is no certainty that the acquisition will be finalized.
If completed, the acquisition could support EFU Life’s ongoing efforts to strengthen its digital transformation initiatives by integrating Waada Digital’s technology-driven solutions into its insurance business. The move reflects the broader trend within Pakistan’s financial services sector, where insurers are increasingly investing in digital platforms to improve customer experience and operational efficiency.
The company emphasized that it will continue to comply with applicable disclosure requirements and provide updates as the transaction progresses and any material developments arise.
