Karachi, IGI Holdings Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Lahore on March 29, 2019.
The agenda of the meeting was discussion of Unconsolidated and consolidated profit and loss account for year ended December 31, 2018 which portrayed a profit of Rs. 1,800,047 and Rs. 968,057 with earnings per share 12.63 and 6.79 basic and diluted respectively.
Further, 30% payment of cash dividend, bonus shares and right shares was agreed.
Furthermore, the share transfer books of the company will remain closed from April 19, 2019 to April 26, 2019 (both days inclusive).
IGI Holdings Limited a Packages Group Company, was incorporated in
Pakistan as a public limited company in 1953 under Companies Ordinance, 1984.
The insurance company is engaged in providing general insurance services in
spheres of Fire, Marine, Motor, Health and Miscellaneous. The stocks of the
company are quoted on the Karachi and Lahore Stock Exchanges of Pakistan. The registered
office of the Company is located in Karachi.
The company is currently engaged in the process of acquisition of American Life
Insurance Company for the acquisition of ownership interest of 40,986,690
ordinary shares representing approximately 81.97% of the total issued,
subscribed and paid up capital shares of the company.
The associated companies of the group includes packages limited, nestle
Pakistan Limited, Sanofi-Aventis, Tri-Pack Films Limited, Treet Corporation
Limited, Siemens Pakistan Engineering Company Limited, Coca-Cola Beverages
Pakistan Limited, Mitchell’s Fruit Farms Limited, Zulfeqar Industries Limited,
Loads Limited, IGI Investment Bank Limited and IGI Securities Limited.
The symbol “IGIHL” is being used by the stock exchanges for the shares of IGI
Holdings Limited .
