Shaheen Insurance Company Limited Reschedules Extraordinary General Meeting Due to Severe Cyclonic System Threat

Karachi, Shaheen Insurance Company Limited (SICL) has announced the rescheduling of its Extraordinary General Meeting (EOGM) in light of the impending threat posed by the Very Severe Cyclonic System (VSCS) Biparjoy. The meeting, originally scheduled for June 15, 2023, will now take place on June 22, 2023, in Karachi.

The decision to reschedule the EOGM comes in response to various government advisories, including high alerts issued by the Pakistan Meteorological Department, regarding the cyclonic system. Biparjoy is expected to make landfall partly within Pakistan’s territorial jurisdiction, impacting the coastal belt, including the city of Karachi, on June 15, 2023.

Recognizing the extraordinary circumstances beyond their control and with the priority of safeguarding the well-being of shareholders, directors, and staff, Shaheen Insurance Company Limited has taken this proactive step to reschedule the EOGM.

All other conditions and provisions outlined in the Notice of EOGM dated May 25, 2023, and subsequent Notice dated June 07, 2023, under section 159(4) of the Companies Act, 2017, will remain unchanged. This includes the entitlement to attend the meeting, submission of proxies, dates of closure of share transfer books, E-Voting, submission of Ballot Paper, and the election of directors.