Adamjee Life Assurance Company Limited (ALACL): Subscribe up to PKR 35/sh – By Taurus Research

<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Incorporated in August 2008, Adamjee Life Assurance Company Limited (ALACL) commenced operations in April 2009.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">The Company was formed out of a joint venture between Adamjee Insurance Company Limited (AICL) and IVM Intersurer B.V for carrying out life assurance business.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">AICL initially held 55% shares in ALACL; acquiring 100% stake in the Company in 2020, making it a wholly-owned subsidiary.</span></li></ul><p></p>