Karachi: Century Insurance Company Limited has officially submitted the final offer documents for its anticipated right issue, as announced in a report dated October 5, 2026. This pivotal step follows the company's initial announcement regarding the issuance of right shares, and the updated documents incorporate recommendations from both the Securities & Exchange Commission of Pakistan and the Pakistan Stock Exchange Limited.
The right issue comprises 44,814,452 shares, representing approximately 81% of the existing paid-up capital of Century Insurance Company Limited. These shares are offered at a price of Rs. 10.00 per share, with the total amount intended to be raised through this initiative amounting to Rs. 448.14 million. The move signifies a substantial financial undertaking for Century Insurance, further cementing its standing within the insurance sector.
According to information available from the Pakistan Stock Exchange (PSX), the schedule for the right issue is meticulously laid out. The final offer letter was issued on October 5, 2026, with the book closure date slated for October 13, 2026. Subscription payments are scheduled between October 15 and November 5, 2026, while the trading dates for the letter of rights span from October 8 to October 29, 2026.
The offer documents, which are available for download on the company's website as well as on the PSX portal, are a crucial resource for potential investors. The documentation provides comprehensive details about the issue, including incorporation information, contact details, and other logistical specifics, ensuring transparency and accessibility for stakeholders.
Century Insurance's registered and corporate office is situated at Lakson Square, Building No. 2, Sarwar Shaheed Road, Karachi, while its head office is located on the 11th floor of Lakson Square, Building No. 3, along the same road. The designated contact person for the issue is Mr. Mansoor Ahmed, the company secretary, who can be reached via phone or email for further inquiries.
In collaboration with Optimus Capital Management (Private) Limited as the underwriter and Habib Bank Limited as the banker to the issue, Century Insurance Company Limited is poised to execute this right issue with precision and efficiency, underscoring its commitment to growth and investor engagement within the financial market.