PACRA has upgraded the Insurer Financial Strength (IFS) rating of Shaheen Insurance Company Ltd to "A" with stable outlook. Shaheen Insurance rating reflects significant improvement in its liquidity profile. The company has sustained market share keeping pace with the industry's growth. Shaheen Insurance commenced its commercial operations in 1995, and is currently listed on the Pakistan Stock Exchange. The company has 12 branches in all major cities. SICL is majority owned by Shaheen Foundation (SF) - Pakistan Air Force. Sohel N. Kidwai is the CEO of the company and his assisted by team of experienced professionals.
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