CSIL receives SECP approval for Right Issue at PKR 3 per share
Crescent Star Insurance Limited (“CSIL”) is pleased to announce that the Securities & Exchange Commission of Pakistan (SECP) has granted approval for the Company’s proposed right issue at PKR 3 per share, as earlier disclosed to the Pakistan Stock Exchange.

This marks a major milestone in CSIL’s capital‐strengthening strategy. The proceeds from the right issue are intended to:

Enhance underwriting capacity across business lines

Support the expansion and diversification of CSIL’s product portfolio

Create a robust foundation for sustainable growth and shareholder value

This development follows a favorable decision of the Islamabad High Court, which declared earlier directives ceasing CSIL’s Guarantee business to be unlawful and void. As a result, CSIL’s Guarantee business operations have been restored—reinforcing the Company’s commitment to compliance, governance, and balanced business diversification.

Furthermore, the restoration of market confidence is reflected in CSIL’s improved share performance on the Pakistan Stock Exchange. In parallel, CSIL has announced a strategic plan to acquire SG Power Limited under the Takeover Ordinance, positioning the Company to pursue new growth avenues.

We believe these steps collectively strengthen our capital base, expand operational capacity, and enhance long-term value for our shareholders.