UVIC · The Universal Insurance Company Limited
The Universal Insurance Company Declares 100% Right Shares Issue
Official PSX filing title: Declaration of Right Shares
- Filed
- 23 October 2026 at 12:01 pm
- Category
- Actions
- Sentiment
- Good
- Impact
- High
Executive summary
The Universal Insurance Company Limited announced that its board of directors has approved a 100% right share issue of 50,000,000 ordinary shares at par value of Rs. 10 per share, raising the paid-up capital from PKR 500 million to PKR 1,000 million to meet regulatory requirements.
Key takeaways
- Board approved issuing 50,000,000 ordinary right shares.
- Issue ratio is 100 right shares for every 100 shares held (100%).
- Issue price is set at PKR 10 per share.
- Aimed at meeting the SECP minimum paid-up capital requirement for non-life insurers.
- #right-shares
- #capital-increase
- #secp-compliance
- #uvic
Please cross-check with the official PSX filing before making an investment decision.