Karachi, East West Insurance Company Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on March 28, 2019.
The agenda of the meeting was discussion of profit and loss account for year ended December 31, 2018 which portrayed a profit of Rs. 132,392 with earnings per share 1.74 basic and diluted respectively.
Further, nil payment of cash dividend, bonus shares and right shares was agreed.
Furthermore, the share transfer books of the company will remain closed from April 23, 2019 to April 29, 2019 (both days inclusive).
East West Insurance Company Limited is a public limited company
incorporated in Pakistan in the year 1983. The foundations of the company have
been laid under the Companies Ordinance, 1984. The sister concern of the
company is East West Insurance Company Limited. The company is engaged in the
general insurance business and operates through 52 branches in Pakistan.
Besides traditional Insurance business like Fire, Marine & Motor, the
company underwrites specialized portfolios for which it has created specialized
divisions within the company namely, Engineering, Crops and Livestock
divisions. The company business is diversified and provides coverage to a wide
range of agricultural and commercial business activities. The stock of the
company is quoted on the Karachi Stock Exchange of Pakistan. The registered
office of the company is located Quetta. The core operation of the company is
conducted through the office located in Karachi.
The symbol “EWIC” is being used by the stock exchanges for the shares of East West Insurance Company Limited.