PSHL buys 25.42% of Pakistan's Asia Insurance from climate fund
What's the deal? Private Stock Holding Limited (PSHL) has acquired 18,558,243 ordinary shares — a 25.42% stake — in Asia Insurance Company LimitedDealroom has a profile for this one. Try Dealroom → (PSX: ASIC), according to a filing on the Pakistan Stock ExchangeDealroom has a profile for this one. Try Dealroom →. The deal closed on October 9, 2026. Terms were not disclosed.
Who's selling? The shares came from the InsuResilience Investment Fund (IIF)Dealroom has a profile for this one. Try Dealroom →, a substantial shareholder that held the same 25.42% stake in ASIC.
Why now? The Securities and Exchange Commission of Pakistan had already approved PSHL's acquisition of up to 18,558,243 shares from IIF. That approval followed IIF's own application and was subject to the terms of an agreement between the two parties, per ASIC's May 18, 2026 filing.
The signal: IIF, which backs insurers in developing markets to build climate resilience, is exiting a full quarter of a listed Pakistani insurer — handing a significant block to a private holding company and reshaping ASIC's shareholder base.
Read more: mettisglobal.news
Image credit: Kashiff
