Karachi, EFU General Insurance Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on April 27, 2019.
The agenda of the meeting was discussion of Unconsolidated and consolidated profit and loss account for quarter ended March 31, 2019 which portrayed a profit of Rs. 371,108 and Rs. 597,798 with earnings per share 1.86 and 2.35 basic and diluted respectively.
Further, 15% payment of cash dividend, bonus shares and right shares was agreed.
Furthermore, the share transfer books of the company will remain closed from May 14, 2019 to May 20, 2019 (both days inclusive).
EFU General Insurance Limited was incorporated as a public limited company on September 2, 1932. The company is engaged in non-life insurance business comprising of fire and property, marine, motor, miscellaneous etc. The stocks of the company are quoted on the Karachi and Lahore Stock Exchanges of Pakistan. The registered office of the Company is situated in Islamabad while the principal place of business is located at Karachi.
The products and services of the company include aviation, marine including marine cargo and marine hull and motor related insurance services. The company also assures safety of property from all sorts of engineering and fire related damages. In property insurance the company assures risk management of erection all risks insurance, contractors all risks insurance, machinery insurance, electronic equipment insurance and comprehensive machinery insurance policy for the customers. The company also provides protection against personal accident, workmen’s compensation, liability insurance, fidelity insurance, money insurance, plate glass insurance, burglary, golfers insurance, credit card insurance and computer crime insurance.
The symbol “EFUG” is being used by the stock exchanges for the shares of EFU General Insurance Limited.