Board Meeting in Progress of Shaheen Insurance Company Limited

Karachi, Shaheen Insurance Company Limited informed Pakistan Stock Exchange that a meeting of the Board of Directors of the Company scheduled to be held on August 29, 2022 at Karachi to consider First Quarter Accounts for the period ended June 30, 2022 is in progress.

Shaheen Insurance Company Limited was incorporated in March 1995. It was registered with the Controller of Insurance in November 1995 to carry out non-life insurance business comprising fire, marine, motor, aviation, engineering, transportation, health, etc. On March 14, 2018 the Company has been awarded license to commence Window Takaful Operations

The total number of shares the company has introduced are 60,000,000. The Earnings per share is (0.59) in 2020 which was 1.00 in 2019. The Profit After Taxation is 35,609,000 in 2020 which was 60,000,000 in 2019.