Pakistan Company News

Board of directors meeting of Premier Insurance Limited

Karachi, Premier Insurance Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on March 31, 2023 at Karachi. The agenda of the meeting will to consider the Annual Accounts for the period ended December 31, 2022.

Further, the company has declared the closed period from March 24, 2023 to March 31, 2023.

Premier Insurance Limited was incorporated as a public limited Company in Pakistan in May 1952 and is engaged in general insurance business. The Company has been allowed to work as Window Takaful Operator since October 2, 2015 by Securities and Exchange Commission of Pakistan (SECP) under SECP Takaful Rules, 2012 to carry on General Window Takaful Operations in Pakistan.

The total number of shares is 50,565,105. The Earnings per share is (2.32) in 2020 which was (4.74) in 2019. The Company had a loss of Rs. (177,112,000) in 2020 which was (239,761,000) in 2019.