Askari General Insurance Company Limited informed Pakistan Stock Exchange that annual general meeting of the company is scheduled to be held on May 21, 2020 at Karachi.

The agenda of the meeting will to confirm minutes of the 24th Annual General Meeting held on April 24, 2019, to elect eight Directors of the Company as fixed by the Board in their meeting held on March 12, 2020 in accordance with provision of section 159(1) of the Companies Act, 2017 for a period of three (3) years commencing from May 21, 2020, to receive, consider, approve and adopt the annual, audited financial statements of the Company for the year ended December 31, 2019 together with Directors' and Auditors' Reports thereon, to consider and approve payment of final cash dividend of 25% (Rs. 2.50 per share of Rs. 10 each) for the year ended December 31, 2019 as recommended by the Directors of the Company, to appoint auditors for the year 2020 and to fix their remuneration and to transact any other business with permission of the Chair.

Further, the closed period of the company is from May 13, 2020 to May 21, 2020 (both days inclusive).

The announcement is available at:

https://dps.psx.com.pk/download/document/147154.pdf

Askari General Insurance Company Limited is a company incorporated in Pakistan on April 12, 1995 as a public limited company. The commercial operations of the company commenced from October 15, 1995. The foundations of the company are laid under the fundamentals of the Companies Ordinance, 1984. The company is engaged in the business of non-life insurance business comprising of fire, marine, motor, accident, health and miscellaneous. The insurance company has around 19 branches located across Pakistan. The stocks of the company are quoted on the Karachi, Lahore and Islamabad Stock Exchanges of Pakistan. The registered office of the company is located at Rawalpindi.

The company is sponsored by the Army Welfare Trust which is itself engaged in the business of finance, banking and production of consumer goods and service. The company apart from traditional coverage offers specialized coverage for various engineering risks.

The symbol "AGIC" is being used by the stock exchanges for the shares of Askari General Insurance Company Limited.

© Pakistan Press International, source Asianet-Pakistan