Asia Insurance Company Limited has announced a rights issue to raise capital. The company will issue 26,991,757 right shares at a face value of PKR 10 each, representing approximately 36.97% of its existing paid-up capital.
- Entitlement: 1 right share for every 2.70 ordinary shares held at an offer price of PKR 10 per share.
- Total amount to be raised: PKR 269,917,570.
- Book Closure Dates: November 19, 2026.
- Subscription Payment Dates: November 21, 2026, to December 14, 2026.
- Trading Dates for Letter of Rights: November 23, 2026, to December 7, 2026.
- Purpose of Funds: To strengthen the capital base and working capital, ensuring compliance with regulatory requirements and supporting future growth.