Pakistan Company News

Board of directors meeting of Reliance Insurance Company Limited

Karachi, Reliance Insurance Company Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on March 30, 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 22, 2023 to March 30, 2023.

Reliance Insurance Company Limited was incorporated in Pakistan as a public limited company on November 4, 1981. The Company is engaged in general insurance business and has also been allowed to undertake General Window Takaful operations on May 25, 2016.

Reliance Insurance being jointly owned by two prestigious industrial groups of Pakistan. Its major sponsors are Al-Noor Group and Amin Bawany Group.

The total numbers of shares of the Company are 60,351,880. The Earnings per shares is 1.22 in 2020 which was 1.27 in 2019. The Profit After Taxation is 68,495,000 in 2020 which was 71,211,000 in 2019.