Day: January 20, 2022

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Financial results of AL Habib Asset Management Limited for Quarter ended December 31, 2021

Karachi, AL Habib Asset Management Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on January 20, 2022.

The agenda of the meeting was discussion of profit and loss account for quarter ended December 31, 2021 which portrayed a profit of Rs. 427,905 respectively.

Further, nil payment of cash dividend, bonus shares and right shares was agreed.

Furthermore, the share transfer books of the company will remain closed from September 01, 2021 to September 01, 2021 (both days inclusive).

AL Habib Asset Management Limited (AL Habib Funds) is a financial arm of Bank AL Habib Limited and Dawood Habib Group Company. Founded in 2005 and licensed by SECP to provide ‘asset management’ and ‘investment advisory’ services.

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Board of directors meeting of Faysal Funds

Karachi, Faysal Funds informed Pakistan Stock Exchange that board of directors meeting of the company will be held on January 26, 2022 at Karachi. The agenda of the meeting will to consider the Quarterly Accounts for the period ended December 31, 2022.

Faysal Fund has been established under the Non-Banking Finance companies (Establishment and Regulation), Rules 2003 (the NBFC Rules) and has been authorized as a unit trust scheme by the Securities and Exchange Commission of Pakistan (SECP) on June 04, 2009. It has been constituted under a Trust Deed, dated April 22, 2009 under the name of Faysal Islamic Balanced Growth Fund and thereafter as Faysal Money Market Fund vide supplemental Trust Deed, dated October 18, 2010 between Faysal Asset Management Limited (the Management Company), a company incorporated under the Companies Ordinance, 1984 and Central Depository Company of Pakistan Limited (CDC) as the Trustee, also incorporated under the Companies Ordinance, 1984. The Fund is an open ended money market fund and offers units for public subscription on a continuous basis.

The Fund was launched on December 13, 2010. The principal activity of the Fund is to make investment in fixed income securities including money market instruments. The shares of the company are quoted on Karachi Stock Exchanges of Pakistan. The registered office of the company is situated at Karachi.