Material Information of Crescent Star Insurance Company Limited

Material Information

Karachi, Crescent Star Insurance Company Limitedinformed Pakistan Stock Exchange that the Board of Directors of Dost Steels Limited (DSL) in their meeting held at the plant on Saturday February 24, 2018, approved to issuance of 35,427,906 shares at par to the Company, against the advance for issuance of shares already received, by way of “Other than Right” subject to all corporate, legal and other approvals and requirements.

Crescent Star Insurance Company Limited was incorporated as a public limited company in the year 1957 under the Companies Act, 1913 now the Companies Ordinance, 1984. The company is a member of Insurance Association of Pakistan. It deals in the general insurance business providing services relating to fire, marine, motor and miscellaneous insurance. The branches of the company are located country wide. The registered office of the company is located in Karachi. The stocks of the company are traded on the Karachi and Lahore Stock Exchanges of Pakistan.

The products of the company for the individual businesses include motor insurance, travel insurance, home care and shop owner’s policy. The services provided by the company to the businesses include fire & property insurance, marine cargo, marine hull, aviation, motor insurance, engineering insurance, health insurance and miscellaneous insurance related services.

The symbol “CSIL” is being used by the stock exchange for the shares of Crescent Star Insurance Company Limited.