Interim Payout of Al Meezan Investment Management Limited

Karachi, Al Meezan Investment Management Limited informed Pakistan Stock Exchange that the Chief Executive officer of the Company unde the authority delegated by the Board of the Company has approved interim payout of Rs.1.25/ unite which is 12.50% of the par value Rs. 10 each, out of the profits earned in the Meezan Pakistan Exchange Traded Fund for the year ending June 30, 2021.

Al Meezan Investment Management Limited (Al Meezan) is the subsidiary of Meezan Bank Limited. It has successfully completed 20 years of its existence in 2015. This is one of the longest track records in private sector in the area of investment management in Pakistan and has emerged as one of Pakistan’s leading investment solutions provider in a Shariah compliant manner. Al Meezan has recorded phenomenal growth over the last five years with its Assets under management (AUMs) growing from PKR 17.8 billion in January 2010 to about PKR 66.4 billion on June 30, 2015 reflecting an impressive 273% growth in AUMs in the last five years.

Al Meezan is also the manager of Pakistan’s Largest Equity Fund -Meezan Islamic Fund and the Largest Pension Fund – Meezan Tahaffuz Pension Fund in Private sector, currently with assets under management of Rs 27 Billion and about Rs. 4.5 Billion as on June 30, 2015 respectively.

The symbol “OEFMIF” is being used by the stock exchange for the shares of Al Meezan Investment Management Limited.