Karachi: Askari General Insurance Company Limited, during its 30th Annual General Meeting held on April 29, 2025, passed several key resolutions concerning its corporate governance and financial operations. These included the approval of financial statements, declaration of dividends, and reappointment of statutory auditors for the fiscal year.

The meeting commenced with the confirmation of the minutes from the previous annual meeting held on April 25, 2024. The shareholders unanimously resolved to consider the minutes as read, confirmed, and approved.

A significant agenda item was the approval and adoption of the company's audited financial statements for the year ending December 31, 2024. These financial statements, both consolidated and unconsolidated, were accompanied by the Chairman's review, Directors' and Auditors' reports. Shareholders resolved to receive, consider, approve, and adopt these documents, reflecting the company's financial performance and governance over the past year.

A crucial decision was the approval of a final cash dividend of 25%, amounting to Rs. 2.50 per share, as recommended by the company's Board of Directors. This final dividend is in addition to the interim cash dividend of 20% or Rs. 2.00 per share, which had already been disbursed to shareholders during the year ending December 31, 2024. The resolution to approve these dividends was passed without objection, underscoring shareholder confidence in the company's financial health.

Further, the meeting addressed the appointment of auditors for the fiscal year 2025. Following the recommendations of the Audit Committee and the Board of Directors, M/s Yousuf Adil & Co. Chartered Accountants, based in Islamabad, were reappointed as the company's external auditors. Their remuneration will experience a 10% increase over the existing fee, as resolved by the shareholders.

According to information available from the Pakistan Stock Exchange (PSX), Askari General Insurance Company Limited operates within the designated market category, emphasizing its role in the insurance sector. The resolutions passed during the annual meeting reflect the company's commitment to maintaining transparency, financial accountability, and delivering shareholder value.