Crescent Star Insurance : Transmssion of Annual Report for the year ended December 31, 2022

66th Annual Report 2022

Crescent Star Insurance Ltd.

ESTD: 1957

NATION WIDE BRANCH NETWORK

MOTOR

HEALTH

FIRE

MARINE

ENGG

TRAVEL

LIVESTOCK

CROP

CONTENTS

Vision / Mission Statements

Company Information

Notice of the 66th Annual General Meeting

Chairman's Review Report (English)

Chairman's Review Report (Urdu)

Directors' Report to the Members on Unconsolidated Financial Statements Directors' Report to the Members on Unconsolidated Financial Statements (Urdu) Key Financial Highlights

Review Report to the Members on the Statement of Compliance with Best Practices of the Code of Corporate Governance

Statement of Compliance with the Code of Corporate Governance Auditors' Report to the Members on Unconsolidated Financial Statements Unconsolidated Financial Statements

Directors' Report to the Members on Consolidated Financial Statements Directors' Report to the Members on Consolidated Financial Statements (Urdu) Auditors' Report to the Members on Consolidated Financial Statements Consolidated Financial Statements

Pattern of Shareholding

Investor's Awareness

Branch Network

Proxy Form

Proxy Form (Urdu)

Company Vision

• To serve with excellence.
• Excellence achieved through our corporate mission.
• The brand name of CSI with a vision to expand with prudent approach and provide the Insurance Service to Pakistan Industry on sound footing.

Company Mission

• First and foremost to secure the interest of our policy holders by adopting proper risk management techniques, prudent financial planning and maintaining reinsurance arrangements with world-class reinsurers.
• To ensure profitability to our reinsurers who afford us underwriting capacity.
• To recognize human resources as the key element in progress and to provide our officers and field force due recompense for their efforts in building up the company.
• To generate operational profits and dividend return for our shareholders of the Company.

Values

• Integrity
• Transparency
• Passion
• Team Work
• Corporate Social Responsibility

Company Information

Board of Directors	Mr. Naim Anwar (Chief Executive Officer)
	Mr. Tanveer Ahmed
	Mr. Suhail Elahi
	Mr. Shaikh Waqar Ahmed
	Mr. Rashid Malik
	Ms. Naveeda Mahmud
	Ms. Huma Javaid
	Ms. Rabia Omar Hassan
Chief Executive Officer	Mr. Naim Anwar
Management	Mr. Naim Anwar (Chief Executive Officer)
	Mr. Tanveer Ahmed (Resident Director)
	Mr. Suhail Elahi (Resident Director)
	Mr. Malik Mehdi Muhammad (CFO & Company Secretary)
	Syed Danish Hasan Rizvi (Head of Internal Audit)
Board Audit Committee	Mr. Shaikh Waqar Ahmed (Chairman)
	Ms. Naveeda Mahmud
	Ms. Huma Javaid
Board H.R & Remuneration Committee	Ms. Huma Javaid (Chairman)
	Mr. Naim Anwar
	Mr. Shaikh Waqar Ahmed
Board Investment Committee	Mr. Naim Anwar (Chairman)
	Mr. Shaikh Waqar Ahmed
	Ms. Huma Javaid
Chief Financial Officer & Company Secretary	Mr. Malik Mehdi Muhammad
Auditors	Crowe Hussain Chaudhury & Co.
	Chartered Accountants
Legal Advisor	Ms. Huma Naz, Soomro Law Associates
Bankers	Habib Bank Limited
	Faysal Bank Limited
Share Registrar	F. D. Registrar (SMC-Pvt.) Limited
	Office No. 1705, 17th Floor, Saima Trade Tower - A
	I. I. Chundrighar Road, Karachi
	Tel #: [phone] Fax #: [phone]
Registered & Head Officer	2nd Floor, Nadir House
	I. I. Chundrigar Road
	P.O. BOX No. 4616, Karachi

CRESCENT STAR INSURANCE LIMITED

NOTICE OF ANNUAL GENERAL MEETING

Notice is hereby given that the 66th Annual General Meeting of the shareholders of Crescent Star Insurance Limited will be held on April 28, 2023 at 9.00 a.m. at 2nd Floor, Nadir House I. I. Chundrigar Road, Karachi to transact the following business.

ORDINARY BUSINESS:

1. To confirm and approve the minutes of the 65th Annual General Meeting held on April 29, 2022.
2. To receive, consider and adopt the audited financial statements of the Company for the year ended December 31, 2022 together with the Chairman's review, Directors' and Auditors' reports thereon.
3. To appoint Auditors for the year ending December 31, 2023 and fix their remuneration.
4. To elect eight (8) directors as fixed by the Board of Directors, in accordance with the provision of Section 159 (1) of the Companies Act, 2017 for a term of three years in place of the following retiring directors, who are eligible for re-election:

1.	Mr. Naim Anwar	2.	Mr. Rashid Malik
3.	Ms. Huma Javaid	4.	Mr. Tanveer Ahmed
5.	Ms. Rabia Omar Hassan	6.	Mr. Suhail Elahi
7.	Mr. Shaikh Waqar Ahmed	8.	Ms. Naveeda Mahmud

ANY OTHER BUSINESS:

5. To consider any other business with the permission of Chairman.
	By order of the Board
	Malik Mehdi Muhammad
Karachi: March 24, 2023	CFO & Company Secretary
Notes:

1. The Share Transfer Books of the Company shall remain closed from April 22, 2023 to April 28, 2023 (both days inclusive). Transfers received at our registrar office M/s F. D. Registrar Services (SMC-Pvt.) Limited 17th Floor, Saima Trade Tower-A, I. I. Chundrigar Road Karachi by the close of business on April 21, 2023 will be treated in time.
2. A member entitled to attend and vote at this meeting may appoint another person as his/her proxy to attend, speak and vote instead of him/her behalf at the meeting. Proxies, in order to be valid, must be received at the registered office of the Company not later than 48 hours before the meeting. A member shall not be entitled to appoint more than one proxy.