Karachi, Shaheen Insurance Company Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on August 23, 2019 at Karachi. The agenda of the meeting will to consider the Quarterly Accounts for the period ended June 30, 2019.
Further, the company has declared the closed period from August 16, 2019 to August 23, 2019.
Shaheen Insurance Company Limited was incorporated in Pakistan under the Companies Ordinance, 1984 in March 1995 as a public limited company. The company is a project of Shaheen Foundation set up by the Pakistan Air Force. Certificate of commencement of the business was acquired in July 1995. In November 1995 the company acquired the license of carrying the non life insurance business. This comprises fire, marine, motor, aviation, engineering, transportation, etc. The registered office of the company is located in Karachi. The stocks of the company are quoted on the Karachi, Lahore and Islamabad Stock Exchanges of Pakistan.
Shaheen insurance is a multinational company with Hollard Insurance, South Africa as a major stakeholder of the company along with Shaheen Foundation (PAF) and First Capital Securities. The company provides insurance facilities to its customers with personal and business products. The personal products include motor, travel insurance, shop insurance and personal accidents. The business products include fire, marine, auto and aviation related insurance for the customers.
The symbol “SHNI” is being used by the stock exchanges for the shares of Shaheen Insurance Company Limited.