Karachi, Atlas Insurance Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on March 27, 2023 through video link. The agenda of the meeting will to consider the Annual Accounts for the period ended December 31, 2022.
Further, the company has declared the closed period from March 20, 2023 to March 27, 2023.
Atlas Insurance Limited was incorporated as a public limited company on September 06, 1934. The Company is a subsidiary of Shirazi Investments Private Limited. The Company was granted license to work as Window Takaful Operator (WTO) by the Securities and Exchange Commission of Pakistan (SECP) under Takaful Rules, 2012 to carry on Window Takaful Operations in Pakistan.
The Company is engaged in general insurance business. The principal activity of the Company is to provide PTF policy, Fire, Marine, Motor Cycle Accident, Liabilities of Product and Public, Health, Travel and Miscellaneous.
The total shares company has issued are 84,895,279. The Earnings per shares of the Company is 7.60 in 2020 which was 7.34 in 2019. The Company got Profit after Taxation of Rs. 645,427,000 in 2020 which was Rs. 623,256,000 in 2019.