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Karachi, Adamjee Life Assurance Company Limited held its Board of Directors meeting on August 22, 2023, at Karachi, where several recommendations were discussed and approved.
The Board of Directors recommended the following for the half year ended June 30, 2023:
1. Cash Dividend: An interim cash dividend of Rs. 1 per share, equivalent to 10% of the share’s face value.
2. Bonus Shares: No bonus shares will be issued.
3. Right Shares: No right shares will be offered.
4. Any Other Entitlement/Corporate Action: NIL
5. Any Other Price-Sensitive Information: NIL
The company also provided an update on the Share Transfer Book closure dates. The Share Transfer Book of the company will be closed from September 05, 2023, to September 06, 2023 (both days inclusive).
Additionally, the company released its Condensed Interim Statement of Financial Position as of June 30, 2023, which includes details of assets, equity, and liabilities. It also published its Condensed Interim Statement of Profit or Loss for both the half year and the quarter ended June 30, 2023, outlining various financial aspects, including premium revenue, investment income, expenses, finance costs, and profits after taxation.
These recommendations and financial results highlight Adamjee Life Assurance’s commitment to transparency, shareholder value, and financial stability.
The post Adamjee Life Assurance Announces Board Recommendations and Financial Results for Half Year Ended June 30, 2023 appeared first on Pakistan Company News.