Karachi, Adamjee Insurance Company Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Lahore on August 26, 2021.
The agenda of the meeting was discussion of Unconsolidated and consolidated profit and loss account for quarter ended June 30, 2021 which portrayed a profit of Rs. 705,898and Rs. 706,066 with earnings per share 2.01 and 2.02 basic and diluted respectively.
Further, 15%payment of cash dividend, bonus shares and right shares was agreed.
Furthermore, the share transfer books of the company will remain closed from September 24, 2021 to September 30, 2021 (both days inclusive).
Adamjee Insurance Company Limited is the general insurance company of Pakistan, and was incorporated as a Public Limited Company on September 28, 1960. The Company is listed on Pakistan Stock Exchange Limited and also has regional presence in United Arab Emirates.
The Company is principally engaged in the general insurance business comprising fire and property, marine, motor, accident, health and miscellaneous. The shares of the Company are listed on Pakistan Stock Exchange.
The total number of shares the company has issued are 350,000,000 where the Earnings Per Share in 2020 is 5.36 which was 5.18 in 2019. The Profit After Taxation has also increased in 2020 and is 1,875,506,000 which was 1,812,975,000 in 2019.