Jubilee General Insurance to invest up to Rs150mn each in multiple companies

MG News | March 25, 2022 at 10:05 AM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

March 25, 2022 (MLN): The shareholders of Jubilee General Insurance Co. Ltd (JGICL) have approved an investment of up to Rs150 million each, in the purchase of ordinary shares of Cherat Packaging (CPPL), Cherat Cement (CHCC), Agha Steel Industries (AGHA), Pakistan Cables (PCAL), Indus Motor Company (INDU), Meezan Bank Limited (MEBL), International Steels Limited (ISL) and associated companies at the market price prevailing on the date of purchase, in one or more tranches within 3 years.

According to the notice issued to PSX, the members in the Annual General Meeting held on 24th March 2022 also authorized the Managing Director (Chief Executive) of the company to take any and all actions which may be required for the investment of the above-mentioned amount in the purchase of the ordinary shares of associated companies.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	171,175.51 216.20M	0.58% 984.86
ALLSHR	103,183.14 695.21M	0.63% 650.16
KSE30	51,222.50 86.05M	0.65% 329.46
KMI30	245,442.74 79.49M	0.75% 1819.66
KMIALLSHR	66,977.52 438.22M	0.75% 499.57
BKTi	46,694.47 24.99M	0.10% 46.03
OGTi	35,691.66 7.41M	1.22% 429.65

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	63,610.00	65,925.00 61,545.00	-1975.00 -3.01%
BRENT CRUDE	94.75	97.44 93.93	-3.06 -3.13%
RICHARDS BAY COAL MONTHLY	122.50	122.50 122.00	-1.25 -1.01%
ROTTERDAM COAL MONTHLY	134.20	136.95 133.00	-4.80 -3.45%
USD RBD PALM OLEIN	1,157.50	1,157.50 1,157.50	0.00 0.00%
CRUDE OIL - WTI	92.38	95.91 91.91	-3.64 -3.79%
SUGAR #11 WORLD	14.28	14.45 14.14	0.04 0.28%