Karachi, PICIC Insurance Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on March 31, 2017 at Karachi. The agenda of the meeting will to consider the annual accounts for the period ended December 31, 2016.
Further, the Company has declared the closed period from March 24, 2017 to March 31, 2017
PICIC Insurance Limited was incorporated on April 23, 2004 under the Companies Ordinance 1984 as a public limited company and registered as a non-life insurance company by the Securities and Exchange Commission of Pakistan under the insurance ordinance, 2000. The registered office of the company is located at Karachi. The company is listed on the Karachi, Lahore and Islamabad stock Exchanges of Pakistan.
PICIC Insurance Limited is a part of the Temasek Group operating in Pakistan. NIB Bank Limited a subsidiary of the Temasek Group in Pakistan is a shareholder of PICIC Insurance Limited with a 30% stake.
The symbol “PIL” is being used by the stock exchange for the shares of PICIC Insurance Limited.