Karachi, IGI Insurance Limited informed Pakistan Stock Exchange that annual general meeting of the company is scheduled to be held on April 21, 2016 at Karachi.
The agenda of the meeting will be confirming minutes of extraordinary general meeting held on March 31, 2016, consideration of the audited financial statements of the company for year ended December 31, 2015, considering the payment of cash dividend of 40%, appointing and fixing the remuneration of the auditors.
Further, the closed period of the company is from April 11, 2016 to April 21, 2016 (both days inclusive).
IGI Insurance Limited a Packages Group Company, was incorporated in Pakistan as a public limited company in 1953 under Companies Ordinance, 1984. The insurance company is engaged in providing general insurance services in spheres of Fire, Marine, Motor, Health and Miscellaneous. The stocks of the company are quoted on the Karachi and Lahore Stock Exchanges of Pakistan. The registered office of the Company is located in Karachi.
The company is currently engaged in the process of acquisition of American Life Insurance Company for the acquisition of ownership interest of 40,986,690 ordinary shares representing approximately 81.97% of the total issued, subscribed and paid up capital shares of the company.
The associated companies of the group includes packages limited, nestle Pakistan Limited, Sanofi-Aventis, Tri-Pack Films Limited, Treet Corporation Limited, Siemens Pakistan Engineering Company Limited, Coca-Cola Beverages Pakistan Limited, Mitchell’s Fruit Farms Limited, Zulfeqar Industries Limited, Loads Limited, IGI Investment Bank Limited and IGI Securities Limited.
The symbol “IGIIL” is being used by the stock exchanges for the shares of IGI Insurance Limited.