Asia Insurance Company Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Lahore on March 11, 2020.

The agenda of the meeting was discussion of profit and loss account for year ended December 31, 2019 which portrayed a profit of Rs. 6,189,344 with earnings per share 0.10 basic and diluted respectively.

Further, nil payment of cash dividend, bonus shares and right shares was agreed.

Furthermore, the share transfer books of the company will remain closed from April 21, 2020 to April 27, 2020 (both days inclusive).

The announcement is available at:

https://dps.psx.com.pk/download/document/144540.pdf

Asia Insurance Company Limited was established in 1979 as a Public Limited Company and commenced its business in 1980. The company is a composite insurance company which has been authorized by the department of insurance to transact all classes of general insurance business like fire and allied perils, marine cargo, motor, personal /travel personal accident, burglary, student insurance cash in transit and safe, fidelity, machinery breakdown, contractor all risk, erection all risk, custom bond, bid bond and mobilization advance bond, etc. The company has a vast network of branches in all the major cities of Pakistan. The stocks of the company are quoted on the Karachi and Lahore Stock Exchanges of Pakistan. The registered office of the company is located at Lahore.

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

© Pakistan Press International, source Asianet-Pakistan