Material Information of IGI Holdings Limited.
Karachi: IGI Holdings Limited informed Pakistan Stock Exchange that on June 12, 2020, the board of directors of IGI General Insurance has approved, subject to all applicable regulatory approvals, formation of a wholly owned local subsidiary, which will be engaged in providing technology led business solutions including training services in the market.
IGI Holdings Limited a Packages Group Company, was incorporated in Pakistan as a public limited company in 1953 under Companies Ordinance, 1984. The insurance company is engaged in providing general insurance services in spheres of Fire, Marine, Motor, Health and Miscellaneous. The stocks of the company are quoted on the Karachi and Lahore Stock Exchanges of Pakistan. The registered office of the Company is located in Karachi.
The company is currently engaged in the process of acquisition of American Life Insurance Company for the...
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