Adamjee Insurance Company Limited informed Pakistan Stock Exchange that annual general meeting of the company is scheduled to be held on May 22, 2020 at Lahore.

The agenda of the meeting will to receive, consider and adopt the Standalone and Consolidated Audited Financial Statements of the Company for the year ended December 31, 2019, Directors' and Auditors' reports thereon and the Chairman's Review Report, to declare and approve, as recommended by the directors, the payment of final cash dividend of Rs. 1.50 per share i.e. @ 15% in addition to 10% interim cash dividend already declared and paid i.e., total 25% for the year ended December 31, 2019 and to appoint auditors and fix their remuneration.

Further, the closed period of the company is from May 14, 2020 to May 22, 2020 (both days inclusive).

The announcement is available at:

https://dps.psx.com.pk/download/document/147192.pdf

Adamjee Insurance Company Limited was incorporated in Pakistan on September 28, 1960. It is a public limited company listed on the Karachi, Lahore and Islamabad stock exchanges of Pakistan. The company is also listed with Central Depositary Company of Pakistan. The company is involved in the business of general insurance. The classification of its products includes fire and property, health, marine, motor and miscellaneous kinds of insurance. The registered office of the company is located in Karachi through which networks of branches are operated across Pakistan. Two branches of the company are also located in UAE.

AICL with Hollard Insurance based in South Africa launched Life assurance operations through a separate entity name, Adamjee Life Assurance Company Limited.

The symbol "AICL" is being used by the stock exchanges for the shares of Adamjee Insurance Company Limited.

© Pakistan Press International, source Asianet-Pakistan