Price Sensitive Information

This is for information of all concerned that the Board of Directors of Mercantile Islami Insurance PLC in its 217th Meeting held on 27.04.2023 at 3:00 p.m. and at 3:30 p.m at Head Office approved the Financial Statements of the Company for the year ended 31 December 2022 and took the following decisions :

1. Date and time of 27th AGM On 26 June 2023 at 11:00 a.m.
2. Venue of AGM Meeting to be arranged through virtually Digital Platform on “Zoom” Apps in pursuant to the BSEC’S Order no SEC/SRMRC/04-231/25 Dated : July 08,2020
3. Dividend Recommended 10% (Ten Percent) cash dividend only to all the shareholders (Subject to approval from the 27th AGM.)
4. Record Date 21/05/2023(dd/mm/yyyy)
5. Key Financial Information:
a)Net Asset Value(NAV) 89,54,28,327.00
b) NAV Per Share 20.78
c) Earnings Per Share(EPS) 1.95
d) Net Operating Cash Flow Per Share (NOCFS) 0.90

Hon’ble Shareholders, whose names will appear in the share register of the company or CDBL register on the “Record Date” 21 May 2023 shall be eligible to attend the AGM and also would be entitled to the dividend according to their holding on the record date. 

Hon’ble Shareholders are requested to update their respective BO Accounts with 12 digit Taxpayer’s identification number (e-Tin) through their depository participant (DP) before the “Record Date”. If anyone fail to update (e-Tin) in BO account before the record date, disbursement of dividend shall be furnished subject to deduction of advance income Tax 15% instead of 10%(individual ) as per section 54 of the income tax ordinance , 1984 .