Pakistan General Insurance Company Secures Full Subscription from Directors and Substantial Shareholders in Rights Issue

Islamabad, Pakistan General Insurance Company Limited has successfully received full subscriptions from its directors and substantial shareholders for its latest rights issue. The total subscription includes significant contributions from both parties, with the funds deposited into the Right Subscription Accounts established with the company’s designated bankers.

According to information available from the Pakistan Stock Exchange (PSX), the details of the subscription show substantial shareholder Mr. Ali Shahzad leading with a contribution of 1,054,807 shares, amounting to PKR 10,548,070. Directors also participated, with notable contributions from Miss Nasira Raees, who subscribed to 173,846 shares for PKR 1,738,460. Other directors, including Mr. Abdul Haseeb Fakih, Mr. Aftab Ahmad, Mr. Muhammad Asad Jaweed, Mr. Abrar Ahmed Cheema, and Mr. Muhammad Naeem, each subscribed to 40 shares, contributing PKR 400 each.

The completion of this rights issue marks a pivotal moment for Pakistan General Insurance Company Limited, ensuring additional capital for the company’s future endeavors.