Business & Finance Print 2024-08-19

Auto insurance: Shaheen Insurance signs MoU with Habib Metropolitan Bank

Press Release Published August 19, 2024

KARACHI: Shaheen Insurance Company Limited and Habib Metropolitan Bank have recently entered into a Memorandum of Understanding for Auto Insurance covering vehicles financed by Habib Metropolitan Bank, for both in conventional and Takaful Insurance. Sohel Kidwai, Chief Marketing Officer of Shaheen Insurance and Syed Faheem ul Islam, Unit Head Consumer Products signed the MoU on behalf of their companies.

Shaheen Insurance is among the fastest growing General Insurance and Takaful Insurance company in Pakistan, licensed by SECP and have been rated A+ by PACRA. The strength of the company Re-insurance arrangements backed by its shareholders Shaheen Foundation (PAF) provides immense financial strength to Shaheen Insurance.

The ceremony was attended by Rizwan Akhtar, Chief Executive Officer and Nisar Almani, Chief Financial Officer of Shaheen Insurance with Habib Metropolitan Bank and other senior officials of both the organizations.

mou Habib Metropolitan Bank Auto insurance

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USD PKR Interbank Selling / Sep 16	278.20
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Karachi Cotton PKR/37.32 KG / Sep 16	18,935
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786 Invest Ltd / Sep 17 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Sep 17 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
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AL-Abid Silk / Sep 17 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Sep 17 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Sep 17 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Sep 17 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Sep 17 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
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