UVIC · The Universal Insurance Company Limited
The Universal Insurance Company Limited Issuance of Right Shares Draft Offer Document
Official PSX filing title: Right Issue Draft Offer Document
- Filed
- 27 October 2026 at 3:00 pm
- Category
- Actions
- Sentiment
- Good
- Impact
- High
Executive summary
The Universal Insurance Company Limited has submitted its draft offer document for a 100% right share issue of 50,000,000 ordinary shares at par value (PKR 10 per share) to raise PKR 500 million. The capital raise aims to meet the revised SECP minimum paid-up capital requirements, strengthen capital reserves, and improve underwriting and reinsurance capacity.
Key takeaways
- Issuance of 50,000,000 right shares at PKR 10 each in a 100% ratio.
- Total issue size of PKR 500 million to meet revised SECP minimum capital requirements.
- Proceeds will strengthen capital reserves, enhance reinsurance terms, and improve solvency.
- Fully covered by existing directors, substantial shareholders, and underwriting commitments.
- #right-issue
- #capital-increase
- #secp-compliance
- #underwriting
Please cross-check with the official PSX filing before making an investment decision.