Karachi, Reliance Insurance Company Limited informed Pakistan Stock Exchange that the board meeting of the company is scheduled to be held on August 29, 2016 at Karachi. The agenda of the meeting shall be consideration of half yearly accounts for the period ended June 30, 2016.
Further, the closed period of the company shall be from August 23, 2016 to August 29, 2016 (both days inclusive).
Reliance Insurance Company Limited was incorporated in Pakistan as a public limited company on November 4, 1981. The company is engaged in general insurance business. Its registered office is located in Karachi. The shares of the company are quoted on the Karachi and Lahore Stock Exchanges of Pakistan and it is registered with Central Depository Company of Pakistan Limited.
The company is jointly owned by two industrial groups the Al-Noor Group and the Bawany Group. The company has a nationwide branch network with 25 operating stations spread in all the major cities of Pakistan. The products of the company are fire, marine, marine hull, motor, engineering, bond/ guarantee, terrorism, aviation and miscellaneous insurances.
The symbol “RICL” is being used by the stock exchanges for the shares of Reliance Insurance Company Limited.