Karachi, Jubilee General Insurance Company Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on August 22, 2022.
The agenda of the meeting was discussion of profit and loss account for Year ended June 30, 2022 which portrayed a profit of Rs. 361,403 with earnings per share 1.82 basic and diluted respectively.
Further, nil payment of cash dividend, bonus shares and right shares was agreed.
Jubilee General Insurance Company Limited is a public limited company incorporated in Pakistan on May 16, 1953. The Company is engaged in general insurance business. The Company was granted authorization on March 10, 2015.
Jubilee General is listed on the Pakistan Stock Exchange. Its major shares are held by, Aga Khan Hospital and Medical College Foundation, Habib Bank Limited, Aga Khan Fund for Economic Development and Hashoo Group. Jubilee General, with its Head Office in Karachi, has branches and network in all major cities and towns of Pakistan.
The total number of shares of the company are 198,491,379. The Earnings per shares is 7.72 in 2020, which was 6.78 in 2019. Their Profit after Taxation is 1,532,738,000 in 2020, which was 1,224,285,000 in 2019.