Islamabad, 21 May, 2025: Crescent Star Insurance has officially confirmed its interest in acquiring a high value property in Karachi’s upscale Defence Housing Authority (DHA) Phase 8, signaling a strategic move into asset-backed investment.
According to a notice sent to the Pakistan Stock Exchange (PSX), Crescent Star Insurance is currently undergoing a due diligence process and is in early-stage talks regarding the potential acquisition.
The estimated value of the property stands at approximately Rs. 400 million.
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The company emphasized that this move is intended strictly for investment purposes, and the transaction will only proceed after board approval and the finalization of relevant terms.
Investment Strategy and Market Position
As outlined in the PSX filing, Crescent Star Insurance has not committed to the transaction yet but sees the opportunity as a long-term investment asset.
The company’s board is expected to review the proposal once the due diligence process is completed. Stakeholders will be informed as soon as any material development takes place.
The announcement underscores Crescent Star’s ongoing diversification strategy, aimed at strengthening its financial position by expanding its asset base.
The potential acquisition, if finalized, could represent a shift toward more fixed-income-generating properties.
About Crescent Star Insurance
Crescent Star Insurance provides non-life general insurance products across various sectors. Its services include fire and property damage coverage, motor and transport insurance, marine and aviation protection, credit and suretyship, as well as accident, health, and other miscellaneous insurance segments.
This diversified insurance portfolio positions the firm among key players in Pakistan’s insurance industry, and the potential investment suggests a broader business vision that may involve expanding beyond traditional insurance services.
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Investors and analysts alike are watching this development closely, as it may hint at further diversification initiatives in the future.
Crescent Star Insurance is expected to release additional details in the coming weeks as the negotiation progresses and board decisions are finalized.
