5,755,830 Ordinary Shares of Islami Commercial Insurance Company Limited are subject to a Lock-Up Agreement Ending on 15-DEC-2023. These Ordinary Shares will be under lockup for 366 days starting from 14-DEC-2022 to 15-DEC-2023.

Details:
Ordinary shares of the issuer, at the time of according consent to the public issue, shall be subject to lock-in, from the first trading day at the exchange in the following manner

(a)shares held by sponsors, directors and shareholders holding 10% (ten percent) or more, for 03 (three) years.

(b)in case, any existing sponsor or director of the issuer transfers any share to any person, those transferred shares, for 03 (three) years.

(c) shares allotted to any person, before 4 (four) years or more of according consent to the public issue, other than the persons mentioned in clause (a) and (b), for 01 (one) year

(d) shares held by alternative investment funds or by foreign investors, for 01 (one) year.

(e) shares held by any person, other than the shares mentioned in clause (a), (b), (c) and (d) above, for 02 (two) years :