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Board of directors meeting of Atlas Insurance Limited

Karachi, Atlas Insurance Limited informed Pakistan Stock Exchange that board of directors meeting of the company held on December 22, 2022 through video link. The agenda of the meeting to consider and approve the annual budget of the company for the year ending December 31, 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.

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