Karachi, Shaheen Insurance Company Limited informed Pakistan Stock Exchange that the board meeting of the company is scheduled to be held on August 30, 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 30, 2016 (both days inclusive).
Shaheen Insurance Company Limited was incorporated in Pakistan under the Companies Ordinance, 1984 in March 1995 as a public limited company. The company is a project of Shaheen Foundation set up by the Pakistan Air Force. Certificate of commencement of the business was acquired in July 1995. In November 1995 the company acquired the license of carrying the non life insurance business. This comprises fire, marine, motor, aviation, engineering, transportation, etc. The registered office of the company is located in Karachi. The stocks of the company are quoted on the Karachi, Lahore and Islamabad Stock Exchanges of Pakistan.
Shaheen insurance is a multinational company with Hollard Insurance, South Africa as a major stakeholder of the company along with Shaheen Foundation (PAF) and First Capital Securities. The company provides insurance facilities to its customers with personal and business products. The personal products include motor, travel insurance, shop insurance and personal accidents. The business products include fire, marine, auto and aviation related insurance for the customers.
The symbol “SHNI” is being used by the stock exchanges for the shares of Shaheen Insurance Company Limited.