Lahore: The Universal Insurance Company Limited has announced the closure of its Share Transfer Books to facilitate the entitlement of a substantial right issue for its shareholders. According to a report dated November 12, 2026, the company will implement a 100% right issue, offering approximately 100 shares for every 100 shares held. The shares will be priced at Rs. 10 per share, which is the face value with no additional premium.

The closure of the Share Transfer Books is scheduled for November 18, 2026. Shareholders are informed that transfers received in good order at the company's Share Registrar, Hameed Majeed Associates (Pvt) Limited, located at H.M House, 7-Bank Square, Lahore, by the close of business on November 17, 2026, will be eligible for the entitlement of the right shares.

According to information available from the Pakistan Stock Exchange (PSX), this right issue aims to enhance the capital base of The Universal Insurance Company Limited, allowing it to pursue strategic growth opportunities and bolster its financial stability.

The insurance sector, one of the key sectors on the Pakistan Stock Exchange, is witnessing increased activity with such corporate actions, reflecting a trend of companies seeking to capitalize on favorable market conditions. The move by The Universal Insurance Company Limited is poised to impact its market position as it proceeds with the right issue.