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	177,370.71 271.87M	0.23% 404.02
ALLSHR	107,716.20 642.21M	0.11% 116.44
KSE30	52,827.24 82.38M	0.35% 182.71
KMI30	251,579.93 132.42M	0.03% 64.11
KMIALLSHR	69,528.14 417.99M	0.00% 2.11
BKTi	50,313.91 13.15M	1.11% 551.71
OGTi	36,509.94 8.96M	-0.87% -321.36

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	79,100.00	81,350.00 78,705.00	250.00 0.32%
BRENT CRUDE	89.21	92.90 88.97	-2.96 -3.21%
RICHARDS BAY COAL MONTHLY	110.30	0.00 0.00	-0.20 -0.18%
ROTTERDAM COAL MONTHLY	124.55	0.00 0.00	0.05 0.04%
USD RBD PALM OLEIN	1,228.00	1,228.00 1,228.00	0.00 0.00%
CRUDE OIL - WTI	82.22	85.84 81.82	-2.79 -3.28%
SUGAR #11 WORLD	17.27	17.74 17.26	-0.38 -2.15%