Karachi: Crescent Star Insurance Limited informed Karachi Stock Exchange that Board of Directors in the meeting held on August 31, 2015 has decided to enhance the Authorized Share Capital from Rs. 690 million to Rs. 1 billion subject to approval from the members in general meeting.
Crescent Star Insurance Company Limited was incorporated as a public limited company in the year 1957 under the Companies Act, 1913 now the Companies Ordinance, 1984. The company is a member of Insurance Association of Pakistan. It deals in the general insurance business providing services relating to fire, marine, motor and miscellaneous insurance. The branches of the company are located country wide. The registered office of the company is located in Karachi. The stocks of the company are traded on the Karachi and Lahore Stock Exchanges of Pakistan.
The products of the company for the individual businesses include motor insurance, travel insurance, home care and shop owner’s policy. The services provided by the company to the businesses include fire & property insurance, marine cargo, marine hull, aviation, motor insurance, engineering insurance, health insurance and miscellaneous insurance related services.
The symbol “CSIL” is being used by the stock exchange for the shares of Crescent Star Insurance Company Limited.