Material Information of Faysal Asset Management Limited

Karachi, Faysal Asset Management Limited informed Pakistan Stock Exchange that the Company has clarified that Sindh Workers’ Welfare Fund (SWWF) is not applicable on Mutual Funds and Pension Funds, accordingly the Board of Directors of Mutual Funds Association of Pakistan (MUFAP) in its meeting held on August 13, 2021 has decided to reverse the provisioning against SWWF held in the Mutual Funds and Pension Funds.

Faysal Asset Management (FAML) is an Investment Manager that delivers structured and customized professional investment solutions to its domestic and international clientele. Our endeavors are directed towards facilitating our clients with investing in multiple asset categories to diversify risk in a prudent manner, while capitalizing on the ever-shifting financial and real-economy dynamics within Pakistan as well as across international waters to generate that coveted investment alpha.

Operating out of Pakistan, Faysal Asset Management is the financial investment arm of the Faysal Group – sponsored by Islamic Investment Company of the Gulf, Ithmaar Bank of Bahrain, Dar Al-Maal Al-Islami Trust in Switzerland and Faysal Bank in Pakistan. The organization was setup in 2003 and has matured in a short span of time to command Assets under Management worth $78 million and Discretionary Funds worth $76 million.