Atlas Insurance mulls increase in authorized capital

KARACHI:  The Atlas Insurance Limited (ATIL) will discuss an increase in authorized capital of the company from Rs 800 million to Rs 1,500 million and issue of bonus shares for approval of the shareholders, said the company in a statement to the Pakistan Stock Exchange (PSX) on Friday. 

The company will discuss the increase in the Annual General Meeting (AGM) due to be held on April 23, 2020. 

Must Read

Delayed payments from Sui companies threaten gas production 

Debt owed by gas companies to E&P firms hits Rs2.84 trillion, with SSGC, and SNGPL accountable for Rs1,500 billion out of it