Karachi, Pak Oman Government Securities Fund informed Pakistan Stock Exchange that the management of Pak Oman Asset Management Company Limited has decided in its Board Meeting on August 26, 2021 to convert Pak Oman Government Securities Fund into Pak Oman Income Fund. This change in name is in line with the company’s identity and strategy to grow its retail outreach.
Pak Oman Asset Management Company Limited (POAMCL) is a Non-Banking Finance Company incorporated on July 28, 2006 as a public unlisted company with the principal objective of acting as an investment manager for mutual funds.
POAMCL has paid-up capital of Rs.330 million and is licensed by the (SECP) to undertake Investment Advisory Services and act as an Investment Advisor under Rule 5(2) of the NBFC Rules, 2003.