Islamabad: Jubilee Life Insurance Company Limited recently held its 31st Annual General Meeting on March 30, 2026, at the Auditorium of Habib Bank Limited Tower in Islamabad, with participation both physically and through video-link. The meeting addressed several key agenda items, including the approval of financial statements and the election of directors.

During the meeting, the shareholders confirmed the minutes of the 30th Annual General Meeting, held on April 7, 2025. The approval was declared by the Chairman, setting the stage for the adoption of the audited financial statements for the year ending December 31, 2025. The financial statements, accompanied by the Chairman’s Review, Directors’ Report, and Auditors’ Report, received unanimous approval from the shareholders.

A significant highlight of the meeting was the approval of a final cash dividend of 100% (Rs. 10.00 per ordinary share of Rs. 10 each) for the year ended December 31, 2025. This added to the interim dividend of Rs. 3.00 per share (30%) already distributed, resulting in a total dividend of Rs. 13.00 per share (130%) for the year. The motion for the final cash dividend was unanimously approved by the shareholders.

The shareholders also unanimously agreed to reappoint M/s. KPMG Taseer Hadi & Co., Chartered Accountants, as the statutory and Shariah compliance auditors for the year 2026. The remuneration for the auditors will be fixed by the Board of Directors.

In the election of the company’s directors, eight members were elected without contest, as the number of candidates did not exceed the positions available. The newly elected directors include Mr. Rafiuddin Zakir Mahmood, Mr. Amyn Currimbhoy, Mr. Shahid Ghaffar, Mr. John Joseph Metcalf, Mr. Sagheer Mufti, Mr. Muneer Kamal, Ms. Yasmin Ajani, and Ms. Ammara Masood. Their three-year term will commence on March 30, 2026.

According to information available from the Pakistan Stock Exchange (PSX), Jubilee Life Insurance remains a significant player in the insurance sector, with its recent AGM decisions reflecting a strategic focus on rewarding shareholders and ensuring robust governance through experienced leadership.