The Universal Insurance Company Limited has announced a rights issue to raise capital. The company will issue 50,000,000 new ordinary shares at a price of PKR 10 per share, aimed at strengthening its capital reserves and meeting regulatory requirements.
- Type of Issue: Rights issue of 50,000,000 shares
- Issue Price: PKR 10 per share (at par value)
- Entitlement Ratio: 100 rights shares for every 100 shares held (100% of existing paid-up capital)
- Total Issue Size: PKR 500,000,000
- Book Closure Dates: November 18, 2026
- Subscription Period: November 20, 2026 to December 11, 2026
- Trading Dates for Rights: November 20, 2026 to December 4, 2026
- Purpose of Funds: To strengthen capital reserves, enhance underwriting capacity, and comply with SECP's minimum capital requirements