Karachi, United Insurance Company of Pakistan Limited informed Pakistan Stock Exchange that board of directors meeting of the company held on August 09, 2016. The agenda of the meeting was to increase the authorized capital of the company from 2 billion to 3 billion and to call extraordinary meeting on August 31, 2016.
Further, the closed period of the company shall be from August 23, 2016 to August 31, 2016 (both days inclusive).
United Insurance Company of Pakistan Limited was incorporated in Pakistan on October 20, 1959. It is a public limited company. The rules and regulations of the company are based on the Companies Ordinance 1984, Insurance Ordinance 2000 and Fire, Marine & Motor Tariff (IAP). The operations of the business are related to group health insurance, travel insurance, travel bonds & guarantees, livestock and crop insurance. The registered office of the business is located in Karachi. The shares of the company are quoted on the Karachi Stock Exchange of Pakistan.
The products of the company includes fire insurance, marine insurance, motor insurance, health guard, travel guard, live stock, crop insurance, engineering, travel and cargo agents guarantees, personal accidents policy for the students, shop secure plan, self secure plan, education secure plan and home secure plan.
The symbol “UNIC” is being used by the stock exchanges for the shares of United Insurance Company of Pakistan Limited.