Karachi: East West Insurance Company Limited has announced plans to issue 33,375,390 ordinary right shares, as part of their strategy to raise capital. The move, decided by the company's Board of Directors on October 30, 2024, was publicized in leading newspapers on November 23, 2024.

The right shares, priced at PKR 10 each, will be offered in a ratio of 15 right shares for every 100 existing ordinary shares held. According to information available from the Pakistan Stock Exchange (PSX), the shares will rank pari passu with existing ordinary shares.

To determine shareholder entitlements, the Share Transfer Books will be closed from November 30, 2024, to December 2, 2024. Physical transfer and CDC Transaction IDs received by the company’s share registrar in Karachi by the close of business on November 29, 2024, will be considered eligible for the right shares.