Pakistan Reinsurance Company Limited Announces Board Recommendations and Financial Results

Related Articles

Dry Weather to Prevail in Most Parts of Country: PMD

2 days ago

PM Directs Integration of Public-Private Partnership Authority to Expedite Development Projects

2 days ago

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.

The post Pakistan Reinsurance Company Limited Announces Board Recommendations and Financial Results appeared first on Pakistan Company News.