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Karachi, IGI Holdings convened its 70th Annual General Meeting on April 29, 2024, where several significant resolutions were passed, affecting shareholders and the future operations of the company. The meeting took place at the Auditorium Hall of The Institute of Chartered Accountants Pakistan in Karachi with a video link facility also available for participants.
The shareholders unanimously approved the minutes of the last Extraordinary General Meeting, which was held on March 29, 2024. Additionally, the Audited Accounts for the fiscal year that ended on December 31, 2023, were approved along with the accompanying Auditors’ and Directors’ Reports.
A notable financial decision was the approval of a final cash dividend of Rs. 4 per share, representing 40% of the paid-up capital for the year ended December 31, 2023. This dividend is supplementary to the interim dividend of 20% (Rs. 2 per share) already disbursed during the year, cumulating to a total dividend of 60% (Rs. 6 per share) for the year.
Furthermore, M/s A. F. Ferguson & Co, Chartered Accountants, were appointed as the company’s auditors for the year 2024. They will hold office until the next Annual General Meeting, with their remuneration to be agreed upon with the company’s management.