Lahore April 6 2023: Shareholders of Adamjee Life Assurance Company Limited will give approval to further invest PKR 15 Billion in the ordinary shares of the Associated companies in Annual General Meeting of the company.
Adamjee Life Assurance Company intends to invest PKR 5 billion each in D G Khan Cement Company Limited, MCB Bank Limited and Nishat Mills Limited.
This special resolution shall be valid for a period of 05 Years and the Chief Executive Officer and/or Chief Financial Officer and/or Company Secretary of the Company pursuant to the foregoing special resolution, for and on Behalf of the Company, be and are hereby singly empowered and authorized to take all steps and action necessary, incidental and ancillary for the purchase of shares of associate companies or undertakings stated above and to do all acts, matters, deeds and things as may be necessary or expedient for the purpose of giving effect to the spirit and intent of this special resolution and for completion of all legal formalities and filling of necessary documents for the purpose of implementation of this special resolution.
Annual General Meeting of the Shareholders of Adamjee Life Assurance Company Limited will be held on Thursday April 27, 2023 at 02:00 P.M.
