Karachi: PICIC Insurance Limited informed Pakistan Stock Exchange that Ms Ayesha Mohammad has resigned from the Board of the company with effect from March 24, 2016. The casual vacancy shall be filled by the board within the prescribed time.
PICIC Insurance Limited was incorporated on April 23, 2004 under the Companies Ordinance 1984 as a public limited company and registered as a non-life insurance company by the Securities and Exchange Commission of Pakistan under the insurance ordinance, 2000. The registered office of the company is located at Karachi. The company is listed on the Karachi, Lahore and Islamabad stock Exchanges of Pakistan.
PICIC Insurance Limited is a part of the Temasek Group operating in Pakistan. NIB Bank Limited a subsidiary of the Temasek Group in Pakistan is a shareholder of PICIC Insurance Limited with a 30% stake.
The symbol “PIL” is being used by the stock exchange for the shares of PICIC Insurance Limited.