Karachi: Reliance Insurance Company Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on March 26, 2016 at Karachi. The agenda of the meeting is to consider audited annual accounts for year ended December 31, 2015.
Further, the company has declared closed period from March 19, 2016 to March 26, 2016 (both days inclusive).
Reliance Insurance Company Limited was incorporated in Pakistan as a public limited company on November 4, 1981. The company is engaged in general insurance business. Its registered office is located in Karachi. The shares of the company are quoted on the Karachi and Lahore Stock Exchanges of Pakistan and it is registered with Central Depository Company of Pakistan Limited.
The company is jointly owned by two industrial groups the Al-Noor Group and the Bawany Group. The company has a nationwide branch network with 25 operating stations spread in all the major cities of Pakistan. The products of the company are fire, marine, marine hull, motor, engineering, bond/ guarantee, terrorism, aviation and miscellaneous insurances.
The symbol “RICL” is being used by the stock exchanges for the shares of Reliance Insurance Company Limited.