Jazz International Holding Limited, a subsidiary of VEON based in the UAE, has entered into a definitive agreement to acquire a controlling stake in TPL Insurance Limited for around PKR 4.15 billion. TPL Insurance, a leading digital-first insurance provider in Pakistan, reported a gross written premium of PKR 5.7 billion and over 277,000 issued policies as of December 31, 2025. The acquisition is expected to close in Q2 2026, pending regulatory approvals, and is seen as a key step in expanding Jazz's digital financial services portfolio, which includes JazzCash and Mobilink Bank.
BUSINESSLast Update 13h ago
TPL Corp Sells Control of TPL Insurance to Jazz International
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On March 6, 2026, Jazz International Holding Limited finalized a definitive agreement to acquire a controlling stake in TPL Insurance Limited for approximately PKR 4.15 billion. This acquisition aims to enhance digital financial services and promote financial inclusion in Pakistan.
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