Karachi: Crescent Star Insurance Limited has announced the release of its Revised Final Right Offer Document for shareholders, incorporating written comments from the Pakistan Stock Exchange (PSX) and the Securities and Exchange Commission of Pakistan (SECP). The document, dated January 20, 2026, outlines the company’s initiative to issue new ordinary shares under a rights offering scheduled to commence later this month.

The rights issue aims to raise PKR 122.77 million, with a total of 40,924,116 new ordinary shares priced at PKR 3 each. The offering has been structured at a discounted rate, reflecting a PKR 7 reduction from the par value, justified by the prevailing market conditions. Shareholders are entitled to 38 new shares for every 100 ordinary shares held, as per the documentation shared.

According to information available from the Pakistan Stock Exchange (PSX), the trading of the Letter of Rights is expected to occur between January 22, 2026, and February 6, 2026. Concurrently, the payment window for subscription amounts will remain open from January 22, 2026, to February 13, 2026. The designated market category for this issue is the equity securities sector.

The purpose of the proceeds from this rights issue is primarily to meet the working capital requirements of the company, with plans to enhance the marketing and digitization of its insurance products. The company aims to bolster its capital base and improve its financial strength ratings, further enabling better reinsurance treaty capacity and pricing.

The company has clarified that the Revised Final Right Offer Document has been registered with the SECP and does not require further approval from the regulatory bodies, as per the Companies Act, 2017 and the Companies (Further Issue of Shares) Regulations, 2020. The SECP and the Securities Exchange disclaim any liability for potential losses arising from reliance on this document.

The offer document, valid until April 14, 2026, is available for download on the company’s website, www.cstarinsurance.com, and further inquiries can be directed to the designated contact persons at Crescent Star Insurance Limited and its underwriters, Dawood Equities Limited.

This strategic move reflects Crescent Star Insurance’s commitment to expanding its operational capacity and securing a more robust position within the market, as it continues to navigate the evolving landscape of the insurance industry.