ASIC · Asia Insurance Company Limited
Asia Insurance Company Proposes Right Issue to Meet Minimum Capital
Official PSX filing title: Declaration of Right Shares
- Filed
- 23 October 2026 at 4:00 pm
- Category
- Actions
- Sentiment
- Good
- Impact
- High
Executive summary
Asia Insurance Company Limited announced that its Board of Directors has approved a proposed right issue of 26,991,757 ordinary shares at par value PKR 10 per share, amounting to approximately PKR 269.92 million. The right issue is intended to increase the company's paid-up share capital from PKR 730.08 million to PKR 1,000 million to meet regulatory minimum capital requirements for non-life insurers under Rule 11 of the Insurance Rules, 2017. The entitlement ratio is approximately one right share for every 2.70 ordinary shares held.
Key takeaways
- Proposed right issue of 26,991,757 shares at PKR 10 each
- Entitlement ratio of approximately 1 right share for every 2.70 shares held
- Aims to raise paid-up capital from PKR 730.08 million to PKR 1,000 million
- Meets updated minimum paid-up capital requirements for non-life insurers
- #right issue
- #capital increase
- #regulatory compliance
- #insurance
Please cross-check with the official PSX filing before making an investment decision.