EFU Life Assurance Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on April 25, 2020.

The agenda of the meeting was discussion of profit and loss account for quarter ended March 31, 2020 which portrayed a profit of Rs. 361,466 with earnings per share 3.61 basic and diluted respectively.

Further, 15% payment of cash dividend, bonus shares and right shares was agreed.

Furthermore, the share transfer books of the company will remain closed from May 12, 2020 to May 18, 2020 (both days inclusive).

The announcement is available at:

https://dps.psx.com.pk/download/document/146573.pdf

EFU Life Assurance Limited is a company incorporated in Pakistan on August 9, 1992 as a public limited company. The foundations of the company are laid under the Companies Ordinance, 1984. The operations of the company started from November 8, 1992. The shares of the company are quoted on the Karachi Stock Exchange of Pakistan. The registered office of the company is located in Islamabad while principal place of business is located at Karachi. The company is engaged in life insurance business which includes ordinary life business, pension fund business and accident and health business and has established statutory funds such as investment linked business, conventional business, pension business and accident and health business as required by the Insurance Ordinance, 2000.

The product of the company includes Unit-linked products, Critical Illness Products, Education Planning Product, Inflation Protection Benefit, Pension Plans and Islamic Fund Products. The company is ISO 9001:2008 certified.

The symbol "EFUL" is being used by the stock exchanges for the shares of EFU Life Assurance Limited.

© Pakistan Press International, source Asianet-Pakistan