UIC Board approves disinvestment of Apna Microfinance Bank shares

MG News | March 27, 2025 at 10:11 AM GMT+05:00

0:00

March 27, 2025 (MLN): The Board of Directors of The United Insurance Company of Pakistan Limited (PSX: UNIC) approved the disinvestment of 59.94 million ordinary shares of Apna Microfinance Bank Limited, in a meeting held at 11:00 a.m. on March 26, 2025.

The decision is subject to shareholder approval in the forthcoming Annual General Meeting scheduled for April 25, 2025.

The aforementioned information was disseminated through a notification to Exchange.

UNIC was incorporated on October 20, 1959, in Pakistan as a Public Limited Company under the Defunct Companies Act, 1913, now the Companies Act, 2017.

The principal activity of the Company is General Insurance Business and it qualifies as a domestic insurance company under the Insurance Ordinance, 2000 and undertakes Fire & Property Damage, Marine Aviation & Transport, Motor, Crop and Miscellaneous General Insurance.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	150,016.16 145.54M	0.56% 837.50
ALLSHR	90,164.34 252.99M	0.46% 410.34
KSE30	45,486.46 99.07M	-0.00% -1.03
KMI30	214,854.66 60.89M	0.67% 1433.99
KMIALLSHR	58,253.19 111.97M	0.44% 254.55
BKTi	41,815.03 51.07M	-1.21% -510.60
OGTi	30,860.86 6.60M	0.86% 262.33

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	74,130.00	76,190.00 73,305.00	10.00 0.01%
BRENT CRUDE	103.35	104.98 101.44	3.14 3.13%
RICHARDS BAY COAL MONTHLY	99.40	0.00 0.00	-11.70 -10.53%
ROTTERDAM COAL MONTHLY	122.00	122.00 122.00	0.85 0.70%
USD RBD PALM OLEIN	1,083.50	1,083.50 1,083.50	0.00 0.00%
CRUDE OIL - WTI	96.67	98.42 93.88	3.17 3.39%
SUGAR #11 WORLD	14.41	14.44 14.19	0.22 1.55%