Oct 23, 2026, 12:01 PM
Universal Insurance approves 100% rights issue at PKR 10 per share
Rights / BonusThe Universal Insurance Company Limited’s board approved a 1-for-1 rights issue of 50 million ordinary shares at PKR 10 each, raising PKR 500 million. The proceeds are intended to meet the SECP minimum paid-up capital requirement for non-life insurers and strengthen capital reserves and working capital. Share transfer book closure dates will be announced after the offer document is finalized.
Key Findings
- Shareholders are offered 100 rights shares for every 100 shares held immediately before the share transfer book closure.
- The issue comprises 50 million ordinary shares at PKR 10 per share, for total proceeds of PKR 500 million.
- The stated purpose includes meeting the regulatory minimum paid-up capital requirement for non-life insurers.
- The company says the remaining unsubscribed shares will be fully underwritten; book closure dates have not yet been announced.
Corporate Action Details
Action
Rights Issue
Ratio
100 rights shares for every 100 ordinary shares held (1:1)
Percentage
100%
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.