Karachi, Habib Insurance Company Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on March 27, 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. 105,310 with earnings per share 0.85 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 April16, 2019 to April29, 2019 (both days inclusive).
Habib Insurance Company Limited was incorporated in Pakistan as a
public limited company in the year 1942. The foundations of the company have
been laid using the Companies Act, 1913 now referred to as the Companies
Ordinance, 1984. The company is engaged in the business of general insurance.
The registered office of the company is located in Karachi. The stocks are
quoted on the Karachi and Lahore Stock Exchanges of Pakistan.
The services offered by the company in the form of products include fire, marine, engineering and miscellaneous products. Atmospheric disturbance, malicious damage, personal accidents and health insurance are also the risk covered by the company.
The associate companies of HICL include AL Habib Capital Markets Private Limited, AL Habib Financial Services Limited, Bank Al-Habib Limited, Habib& Sons Private Limited, Habib Asset Management Limited, Habib Metropolitan Bank Limited, Habib Motor Company Private Limited, Habib Sugar Mills Limited, House of Habib Private Limited, Indus Motor Company Limited, Karachi Mercantile Co. Private Limited, MakroHabib Private Limited, Noble Computers Services Private Limited, Proline Private Limited, ProlineWovens Private Limited, Shabbir Tiles & Ceramics Limited and Thal Limited.
The symbol “HICL” is being used by the stock exchange for the shares of Habib Insurance Company Limited.