Karachi: Asia Insurance Company Limited has unveiled its Right Share Offer Document in a move to raise additional capital, according to the company's latest report dated October 26, 2026. Despite the new issuance, shareholding percentages are set to remain unchanged for substantial shareholders and directors.
The report outlines commitments from key stakeholders, including substantial shareholder and non-executive director Mr. Ihtsahm ul Haq Qureshi, who is set to subscribe to 17,343,778 shares valued at 173.44 million PKR. His shareholding percentage will remain steady at 64.25%.
Similarly, Private Stock Holding Limited, another substantial shareholder, has committed to subscribing to 6,860,718 shares, amounting to 68.61 million PKR, maintaining its shareholding at 25.42%.
The company's CEO and executive director, Zain ul Haq Qureshi, will subscribe to 791,878 shares worth 7.92 million PKR, retaining his 2.93% stake. Non-executive director Nosheen Ihtsham has pledged to subscribe to 162,048 shares for 1.62 million PKR, holding her 0.6% stake constant.
Independent directors Wajahat Rasul Khan and Murtaza Hasnain Nadir, along with non-executive director Shiza Hassan, are set to subscribe to nominal shares, ensuring no change to their minimal shareholding percentages.
According to information available from the Pakistan Stock Exchange (PSX), the total number of shares committed across all parties is 25,159,586, with a total subscription amount of 251.60 million PKR. Despite the injection of new capital, the collective shareholding percentage pre-issuance and post-issuance remains at 93%.
This strategic financial maneuver by Asia Insurance Company Limited reflects a commitment to strengthening its capital base while maintaining the existing ownership structure, as outlined in the Right Share Offer Document.