Oct 23, 2026, 4:00 PM
Asia Insurance proposes PKR 269.9 million rights issue to meet minimum capital requirements
Rights / BonusAsia Insurance Company Limited’s board approved in principle a rights issue of 26,991,757 ordinary shares at PKR 10 each, to be offered to existing shareholders at approximately one share for every 2.70 shares held. The issue is intended to increase paid-up capital from approximately PKR 730.08 million to PKR 1,000 million, in line with minimum regulatory capital requirements. Final entitlement terms and key dates remain subject to the Offer Letter and regulatory and exchange processes.
Key Findings
- Proposed issuance: 26,991,757 ordinary shares at PKR 10 per share, aggregating to PKR 269,917,570.
- Indicative entitlement is approximately one right share for every 2.70 shares held, or 36.97% of existing paid-up capital; final terms will be stated in the Offer Letter.
- Proceeds are intended to strengthen capital and working capital, support regulatory compliance, and enable investment portfolio and underwriting growth.
- Share transfer book closure, subscription, dispatch, and trading dates have not yet been finalized.
Corporate Action Details
Action
Proposed Rights Issue
Ratio
approximately 1 right share for every 2.70 ordinary shares held
Percentage
36.97%
Amount
PKR 10 / share
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Highlights summarize the key points from the company's official PSX filing. View the original filing for the complete details before making financial decisions.