⚡ Flash Summary

Askari General Insurance Co. Ltd. (AGIC) is issuing 28,760,758 right shares at PKR 32 per share, aiming to raise PKR 920,344,256. This issue represents approximately 40% of the existing paid-up capital. The primary purpose of the rights issue is to strengthen the company’s capital base and working capital, ensuring compliance with regulatory paid-up capital requirements and supporting future growth and profitability. The subscription period is from November 10, 2025, to December 01, 2025.

📌 Key Takeaways

• 📢 AGIC is issuing 28,760,758 right shares.
• 💰 The issue price is PKR 32 per share, including a premium of PKR 22.
• 📈 The rights issue aims to raise PKR 920,344,256.
• 🗓️ Book closure date is November 06, 2025.
• 📅 Subscription period: November 10, 2025, to December 01, 2025.
• 💼 The issue represents approximately 40% of the existing paid-up capital.
• 🎯 The goal is to strengthen the capital base and working capital.
• ✅ Compliance with regulatory paid-up capital requirements is a key driver.
• 🏦 Askari Bank Limited is appointed as the Banker to the Issue.
• 📜 The Final Offer Document is submitted to the Securities and Exchange Commission of Pakistan (SECP).
• 🤝 Substantial shareholders/directors committed to subscribing to their respective portion of Right Shares, including Army Welfare Trust with existing share of 42,600,734, committing to subscribing 17,040,293 shares for 545,289,376 PKR.

🎯 Investment Thesis

Based on the information available, a HOLD recommendation is appropriate. The rights issue aims to strengthen the company’s capital base and support future growth. AGIC has a strong financial position, and major shareholders are committed to the rights issue. However, the legal proceedings and associated costs need careful monitoring.