Karachi: East West Insurance Co. convened its annual general meeting on May 4, 2026, to deliberate on significant corporate resolutions, including the approval of financial statements, the appointment of auditors, and the issuance of bonus shares. The company’s financial year concluded on December 31, 2025.
During the meeting, stakeholders reviewed and adopted the audited financial statements for both the Conventional Operations and Window Takaful Operations for the year ending December 31, 2025. The Directors’ and Chairman’s Report Review accompanied these financial documents.
Additionally, East West Insurance confirmed the appointment of M/s. BDO Ebrahim & Co., Chartered Accountants, as the external auditors for the upcoming financial year ending December 31, 2026. The auditors’ remuneration will be determined in consultation with Mr. Naved Yunus, the company’s Chief Executive Officer.
A significant highlight of the assembly was the approval of a 10% bonus share issuance, translating to one ordinary share for every ten shares held. This interim bonus issue, initially announced on August 29, 2025, was ratified as the final distribution for the financial year ended December 31, 2025. The board’s recommendation for the bonus issue was tabled, and members granted their approval.
According to information available from the Pakistan Stock Exchange (PSX), these corporate decisions reflect the company’s ongoing commitment to strengthening shareholder value and maintaining transparency in financial reporting. The designated market category remains focused on maintaining robust corporate governance standards.
The resolutions passed during this meeting are set to shape the fiscal landscape of East West Insurance as it progresses through the 2026 financial year.