AGIC

⚡ Flash Summary

Askari General Insurance Co. Ltd. announced the subscription status of its right issue (R-5) on December 5th, 2025. The total issue size was PKR 920,344,256/-, with subscriptions received amounting to PKR 888,878,144/-. This represents a subscription rate of 96.58%, leaving an unsubscribed portion of PKR 31,466,112/-, or 3.42%. The Board of Directors will allot the unsubscribed shares in accordance with the Companies Act, 2017.

📌 Key Takeaways

• ✅ Right issue (R-5) subscription status announced by Askari General Insurance.
• 📅 Announcement date: December 5th, 2025.
• 💰 Total issue size: PKR 920,344,256/-.
• 📈 Subscription received: PKR 888,878,144/-.
• ✔️ Subscription rate: 96.58%.
• ⚠️ Unsubscribed portion: PKR 31,466,112/-.
• 📉 Unsubscribed portion percentage: 3.42%.
• 📜 Allotment of unsubscribed shares as per Companies Act, 2017.
• 🏦 Bankers to the Issue and Central Depository Company of Pakistan Limited reported the subscription amount.
• 🗓️ Last date of subscription: December 1st, 2025.
• 📢 TREC Holders of the Exchange will be informed accordingly.
• 💼 Board of Directors to decide on the allotment of unsubscribed portion.
• ✔ Auditors Certificate confirming receipt of Right Issue will be communicated to the Exchange.
• 🇵🇰 The announcement is in reference to the Pakistan Stock Exchange’s procedure.

🎯 Investment Thesis

HOLD. The nearly full subscription of the right issue indicates investor confidence, but the small unsubscribed portion introduces some uncertainty. A hold recommendation is appropriate until the company successfully deploys the capital and demonstrates improved financial performance. The price target will depend on the future earnings and growth prospects after the capital infusion. We will revisit in Q2 2026 after reviewing their financials.

⚡ Flash Summary

Askari General Insurance Co. Ltd. will hold an emergent board meeting on December 10th, 2025, to address the allocation of unsubscribed right shares and approve the allotment of right shares as per the Companies Act, 2017. A closed period has been declared from December 8th to December 9th, 2025, during which directors and executives are prohibited from dealing in the company’s shares. This measure is in accordance with the regulations of the Pakistan Stock Exchange. The announcement was made on December 5th, 2025.

📌 Key Takeaways

• 🗓️ Emergent board meeting scheduled for December 10th, 2025.
• 📍 Meeting will be held in Rawalpindi at 10:30 am.
• 📝 Agenda includes allocation of unsubscribed right shares.
• ✅ Approval of right shares allotment is on the agenda.
• 📜 Compliance with Section 83(1)(a)(iv) of the Companies Act, 2017.
• 🔒 Closed period declared from December 8th to 9th, 2025.
• 🚫 Directors and executives restricted from trading shares during the closed period.
• 🇵🇰 Adherence to Rule 5.6.4 of the Pakistan Stock Exchange regulations.
• ✉️ TRE Certificate Holders of the Exchange to be informed accordingly.
• 🏢 Askari General Insurance Company Limited is the entity holding the meeting.

🎯 Investment Thesis

Given that the announcement does not contain enough information to make a Buy or Sell recommendation, a HOLD rating is appropriate. The focus is more on procedural matters regarding the allotment of right shares. Further financial information would be needed to change this recommendation.

⚡ Flash Summary

Askari General Insurance Co. Ltd. held a Board of Directors meeting on November 27th, 2025, in Rawalpindi. The meeting has concluded, and the company has announced that there is no material or price-sensitive information to report. The announcement was made to the Pakistan Stock Exchange Limited. The company secretary, Waqas Ali, signed off on the notification.

📌 Key Takeaways

• 🗓️ Board meeting held on November 27th, 2025.
• 📍 Meeting took place in Rawalpindi.
• ⏰ Meeting concluded at 11:00 AM.
• 📢 No material or price-sensitive information announced.
• 🏢 Askari General Insurance Co. Ltd. communicated the update.
• 📝 Announcement addressed to Pakistan Stock Exchange Limited.
• 👤 Waqas Ali, Company Secretary, signed the notification.
• 📜 Notification reference: PSX/BOD/NOFR/11/2025.
• 🤝 TRE Certificate Holders to be informed accordingly.

🎯 Investment Thesis

HOLD. Given the absence of material information, there’s no basis for altering the current investment stance. The announcement doesn’t provide a catalyst for either a BUY or SELL recommendation. Price target and time horizon remain unchanged until more information is available.

⚡ Flash Summary

Askari General Insurance Co. Ltd. held a Board of Directors meeting on November 27th, 2025, in Rawalpindi. The meeting has concluded, and the company has announced that there is no material or price-sensitive information to report. The announcement was made to the Pakistan Stock Exchange Limited. The company secretary, Waqas Ali, signed off on the notification.

📌 Key Takeaways

• 🗓️ Board meeting held on November 27th, 2025.
• 📍 Meeting took place in Rawalpindi.
• ⏰ Meeting concluded at 11:00 AM.
• 📢 No material or price-sensitive information announced.
• 🏢 Askari General Insurance Co. Ltd. communicated the update.
• 📝 Announcement addressed to Pakistan Stock Exchange Limited.
• 👤 Waqas Ali, Company Secretary, signed the notification.
• 📜 Notification reference: PSX/BOD/NOFR/11/2025.
• 🤝 TRE Certificate Holders to be informed accordingly.

🎯 Investment Thesis

HOLD. Given the absence of material information, there’s no basis for altering the current investment stance. The announcement doesn’t provide a catalyst for either a BUY or SELL recommendation. Price target and time horizon remain unchanged until more information is available.

⚡ Flash Summary

AGIC announced: Board Meeting Other Than Financial Results. Basic analysis suggests neutral sentiment. Professional review recommended.

📌 Key Takeaways

• AGIC made announcement: Board Meeting Other Than Financial Results
• Automated analysis: HOLD signal detected
• Signal strength: 5/10
• This is basic analysis – manual review recommended
• Professional CFA analysis unavailable

🎯 Investment Thesis

Basic HOLD indication for AGIC. Manual verification required.

⚡ Flash Summary

Askari General Insurance Company Limited (AGIC) has announced the dispatch of Letters of Rights (LOR) and Letters of Intimation (LOI) to its shareholders. The LOR/LOI pertains to the rights issue approved by the shareholders. The last date for the transfer of rights is November 11, 2020. The announcement indicates a step forward in AGIC’s plans to raise capital through the issuance of rights shares.

📌 Key Takeaways

• ✉️ AGIC dispatched Letters of Rights (LOR) and Letters of Intimation (LOI) to shareholders.
• 🗓️ Record Date was November 17, 2020.
• 🗓️ Last date for Right Trading is November 11, 2020.
• 🗓️ Offer closing date is November 24, 2020.
• ✅ The dispatch relates to the approved rights issue.
• 📃 LOR/LOI provides details about the rights issue process.
• 🏦 Rights shares are offered to existing shareholders in proportion to their holdings.
• ⏳ Shareholders have a limited time to exercise their rights.
• 🚫 Rights not subscribed to will be offered to others.
• 📑 The announcement confirms the timelines for the rights issue process.
• 📈 AGIC aims to raise capital through this rights issue.
• 🤝 Shareholders can subscribe to additional rights shares.
• 📜 The bank account details are provided for payment purposes.
• ✉️ Shareholders must follow the instructions provided in the LOR/LOI.

🎯 Investment Thesis

Based on the provided information, a HOLD recommendation is appropriate. The announcement is procedural and doesn’t provide enough information to assess the fundamental impact on AGIC’s financials. Monitoring the subscription rate of the rights issue and future announcements regarding the use of funds is crucial. A more decisive recommendation (BUY/SELL) would require a deeper understanding of AGIC’s financials, strategic plans, and the expected return on capital from this rights issue. Target price and time horizon cannot be determined based solely on this announcement.

⚡ Flash Summary

Central Depository Company of Pakistan Limited (CDC) has announced the schedule for handling unpaid rights of Askari General Insurance Company Limited (AGICR2). The rights ratio is set at 40%. The schedule includes key dates for trading, deposit requests, subscription, and credit of shares against paid rights, all occurring in November and December 2025. Online payment guidelines are also provided to streamline the subscription process for IAS and Sub-Account Holders, ensuring a structured approach to managing these rights.

📌 Key Takeaways

• 🗓️ The announcement pertains to the schedule for handling unpaid rights of Askari General Insurance Company Limited (AGICR2).
• 🏦 Central Depository Company of Pakistan Limited (CDC) is managing the process.
• 📅 Key dates are defined for various activities related to unpaid rights in November and December 2025.
• 📈 The right ratio is specified as 40%.
• 🏦 Askari Bank Limited branches will handle physical applications for the rights issue.
• 💻 Online payment options are available with attached guidelines.
• 🗓️ Trading of unpaid rights commenced on Monday, November 10, 2025.
• 🗓️ The last date for initiating a deposit request is Thursday, November 13, 2025.
• 🗓️ Trading at the Stock Exchange concludes on Monday, November 24, 2025.
• 🗓️ The last date for initiating a pledge request is Wednesday, November 26, 2025.
• 🗓️ Subscription requests and payments are due by Monday, December 01, 2025.
• 🗓️ Pledge release and call must be completed by Monday, December 01, 2025.
• 🗓️ Tentative date for credit of shares against paid rights is Monday, December 15, 2025.
• 🌐 Online guidelines are available for IAS and Sub-Account holders for subscription and payment of rights.
• 📞 Customer Support Services can be contacted at 0800-CDCPL (23275) or via email at info@cdcpak.com for queries.

🎯 Investment Thesis

Given the procedural nature of the announcement and lacking financial data, a HOLD recommendation is appropriate. Investors should closely monitor AGIC’s financial performance and the success of the rights issue before making any investment decisions. The price target and time horizon will be determined once AGIC’s performance and rights issue results are available. Monitor subscription numbers, the market’s uptake, and any future strategic directions the rights issue will allow the company to pursue.

⚡ Flash Summary

Askari General Insurance Company Limited (AGIC) announced the crediting of unpaid rights into respective accounts within the Central Depository System (CDS) as of November 7, 2025. This follows their rights shares announcement on October 2, 2025. The Central Depository Company of Pakistan Limited (CDC) confirmed the allotment of 28,404,033 securities of AGIC. The notice confirms that the unpaid rights related to these shares have now been deposited into the CDS, completing the process for investors who were entitled to the rights issue.

📌 Key Takeaways

• ✅ AGIC announces crediting of unpaid rights into CDS accounts.
• 🗓️ Effective date: November 7, 2025.
• 📢 Follows the rights shares announcement from October 2, 2025.
• 🏦 CDC confirms allotment of 28,404,033 securities of AGIC.
• 🔒 Unpaid rights are now deposited into respective accounts in CDS.
• ✉️ CDC Letter No. OPS/CA/RI/001 confirms the deposit.
• 🤝 Process completed for investors entitled to the rights issue.
• 🏢 Announcement made by Waqas Ali, Company Secretary of AGIC.
• 📍 Addressed to The General Manager, Pakistan Stock Exchange Limited.
• 🏢 CDC Head Office: Karachi.
• 🌐 CDC URL: www.cdcpakistan.com.
• 📞 CDC Helpline: (92-21) 111-111-500.

🎯 Investment Thesis

HOLD. The announcement confirms procedural progress on the rights issue. A more comprehensive assessment of AGIC’s financials and strategic direction is required to make a BUY or SELL decision. The current announcement is not sufficient to change the recommendation. The price target will depend on a thorough valuation analysis.