Financial results of Shaheen Insurance Company Limited for Quarter ended March 31, 2020.

Karachi: Shaheen Insurance Company Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on June 10, 2020.

The agenda of the meeting was discussion of profit and loss account for quarter ended March 31, 2020 which portrayed a profit of Rs. 14,546,270 with earnings per share 0.24 basic and diluted respectively.

Further, nil payment of cash dividend, bonus shares and right shares was agreed.

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...