Pakistan Reinsurance Company Limited Announces Board Recommendations and Financial Results

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Karachi, Pakistan Reinsurance Company Limited (PRCL) shares important decisions from its recent Board of Directors meeting, held on August 25, 2023, in Karachi. The following recommendations have been proposed:

Cash Dividend: An Interim Cash Dividend for the quarter ended is announced at Rs. NIL per share i.e. NIL%, in addition to previously paid Interim Dividends.

Bonus Shares: The Board recommends the issuance of Interim Bonus shares in proportion to NIL share(s) for every NIL share(s) held i.e. NIL%, in addition to previously issued Interim Bonus Shares.

Right Shares: The Board suggests issuing NIL% Right Shares at par, at a discount/premium of Rs. NIL per share, in proportion to NIL share(s) for every NIL share(s). The entitlement of right shares being declared simultaneously will be/will not be applicable on Bonus Shares as declared above.

Any Other Entitlement/Corporate Action: [Information Not Available]

Any Other Price Sensitive Information: The External Auditors have issued a qualified report for Conventional Accounts and provided a disclaimer on Window Re-takaful Accounts. Both reports are enclosed.

The company’s Half-Yearly Financial Statements reveal a detailed financial picture for the period ending June 30, 2023, covering various aspects of their operations and financial performance.

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