Karachi, United Insurance Company of Pakistan Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on August 11, 2022 at Lahore. The agenda of the meeting will to consider the Quarterly Accounts for the period ended June 30, 2022.
Further, the company has declared the closed period from August 04, 2022 to August 11, 2022.
The United Insurance Company of Pakistan Limited was incorporated on October 20, 1959, in Pakistan as a Public Limited Company. The principal activity of the Company is General Insurance Business and it qualifies as a domestic insurance company under the Insurance Ordinance, 2000 and undertakes Fire & Property Damage, Marine Aviation & Transport, Motor, Crop and Miscellaneous General Insurance.
The Company has been allowed to carry on Window Takaful Operation on August 18, 2014 by the Securities and Exchange Commission of Pakistan (SECP) under the Takaful Rules, 2012. The Company has not transacted any insurance business outside Pakistan.
The total number of shares are 295,000,044. The Earning per share is 1.41 in 2020 which was 1.54 in 2019. The Profit after tax is 414,555,000 in 2020 which was 401,591,000 in 2019.