Karachi, Pakistan General Insurance Company Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Lahore on November 14, 2019.
The agenda of the meeting was discussion of profit and loss account for Quarter ended March 31, 2019which portrayed a loss of Rs. 23,633,221 with loss per share 0.51 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 November 08, 2019 to November 14, 2019 (both days inclusive).
Pakistan General Insurance Company Limited was incorporated in Pakistan in October, 1947 as a public limited company. The foundations of the company are formed under the Companies Act, 1913 now the Companies Ordinance, 1984. The operations of the business are related to life and general insurance. The registered office of the company is located in Lahore. The shares of the company are quoted on the Karachi, Lahore and Islamabad Stock Exchanges of Pakistan.
The products of the company includes fire insurance, property insurance, motor insurance, miscellaneous insurance, marine insurance, engineering insurance, shop owners insurance and group health insurance.
The symbol “PKGI” is being used by the stock exchanges for the shares of Pakistan General Insurance Company Limited.