Day: May 15, 2023

Karachi, Indus Dyeing and Manufacturing Co. Limited has announced that a meeting of the Board of Directors is scheduled to take place on May 22, 2023, at 12:30 pm in Karachi. The purpose of the meeting will be to discuss important matters unrelated to financial results.

To comply with regulatory requirements and ensure fairness, the company has also declared a "Closed Period" from May 15, 2023, to May 22, 2023. During this period, no Director, CEO, or Executive of the company will be permitted to engage in any buying or selling of the company's shares, directly or indirectly.

Karachi, MCB Arif Habib Savings and Investments Limited, the management company overseeing ALHAMRA ISLAMIC MONEY MARKET FUND (ALHIMMF), disclosed the approval of a daily dividend distribution for unit holders. On behalf of the Board of Directors, CEO Arif Habib has sanctioned the payout of Re. .0508 per unit.

Karachi, MCB Arif Habib Savings and Investments Limited, the management company of Pakistan Cash Management Fund (PCF), has announced the approval of a daily dividend distribution. The Chief Executive Officer, along with the Board of Directors, has approved a dividend payout of Re. .0291 per unit. This dividend will be paid to the unit holders whose names appeared in the unit holder register at the close of 12-MAY-23.

The decision to distribute dividends reflects the company's commitment to providing regular returns to its valued unit holders. Pakistan Cash Management Fund (PCF) is known for its prudent investment strategies and aims to generate consistent income for its investors.

Karachi, Mughal Iron & Steel Industries Limited has announced the closure of its transfer books in preparation for the 9th rental and 5th principal payment of its Sukuk Certificates - I. The closure will be effective from May 26, 2023, to June 02, 2023, inclusive of both days.

The closure of the transfer books is a necessary step to determine the entitlement of sukuk holders for the upcoming payment. To ensure timely processing of rental and principal payments, M/S THK Associates (Private) Limited, the Share Registrar, will consider Central Depository System (CDS) Transaction IDs received by the close of business on May 25, 2023.

Mughal Iron & Steel Industries Limited has been committed to fulfilling its financial obligations to sukuk holders, and this announcement reinforces its dedication to maintaining transparency and efficiency in its operations. The company's adherence to timely payments is a testament to its strong financial position and commitment to its stakeholders.

Sukuk Certificates are Islamic financial instruments that resemble bonds but comply with Islamic principles. Mughal Iron & Steel Industries Limited issued Sukuk Certificates - I to raise capital for its business expansion and investment plans.