Karachi, Asia Insurance Company Limited informed Pakistan Stock Exchange that in compliance with Section 159 (1) of the Companies Act, 2017 the Board of Directors of the Company has foxed the number of Directors to be elected in the upcoming Extraordinary General Meeting as 7.
Asia Insurance Company Limited was established in 1979 as a Public Limited Company and commenced its business in 1980. The company is a composite insurance company which has been authorized by the department of insurance to transact all classes of general insurance business like fire and allied perils, marine cargo, motor, personal /travel personal accident, burglary, student insurance cash in transit and safe, fidelity, machinery breakdown, contractor all risk, erection all risk, custom bond, bid bond and mobilization advance bond, etc. The company has a vast network of branches in all the major cities of Pakistan. The stocks of the company are quoted on the Karachi and Lahore Stock Exchanges of Pakistan. The registered office of the company is located at Lahore.
The symbol “ASIC” is being used by the stock exchanges for the shares of Asia Insurance Company Limited.