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Habib Insurance Ltd to invest Rs350mn in associated companies

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May 5, 2021 (MLN): The shareholders of Habib Insurance Limited in its annual general meeting, have authorized the company to invest a total of Rs350mn in associated companies by way of purchase of ordinary shares.

As per the notification issued by the company, of the total amount, Habib Insurance Ltd will invest Rs75mn in each of its associates, including Habib Bank Limited (HBL), Habib Metropolitan Bank Limited (HMB), and Indus Motor Company Limited (INDU), while Rs25mn and Rs100mn will be invested in Shabbir Tiles &Ceramic Limited and Thal Limited, respectively.

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Posted on: 2021-05-05T12:54:00+05:00

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