Karachi, Universal Insurance Company Limited informed Pakistan Stock Exchange that annual general meeting of the company is scheduled to be held on April 29, 2022 at Lahore.
The agenda of the meeting will be confirming the minutes of Extraordinary General Meeting held on April 30, 2021, to receive, consider and adopt the Annual Audited Financial Statements of the Company for the year ended December 31, 2021 together with the Directors and Auditors Reports thereon, to appoint auditors for the year ending December 31, 2021 and fix their remuneration and to transact any other business with the permission of the chair.
Further, the closed period of the company is from April 22, 2022 to April 29, 2022 (both days inclusive).
The Universal Insurance Company Limited is a public limited company incorporated in Pakistan on May 09, 1958. The Company is engaged in non-life insurance business. This Company entered into insurance market in 1960. The company is fully protected through its world renowned re insurers among are: Asian Re and Pakistan Re-Insurance Company.
The mainly business of the Company is of Motor Insurance, Marine Insurance, Fire Insurance, Miscellaneous Insurance, Travel Insurance and Claim Settlement Procedure.
The total number of shares are 50,000,000. The Earning per share is (1.76) in 2020 which was 0.05 in 2019. The Profit After Taxation in 2020 is (87,845,000) which was 2,335,000 in 2019.