Karachi, The Board of Directors of Sunrays Textile Mills Limited convened today in Karachi to deliberate upon a range of matters unrelated to the company's financial results. The meeting, held at the company's headquarters, addressed several important topics that will shape the future trajectory of the organization.
The company had previously declared a "Closed Period" from 25th May 2023 to 2nd June 2023.
Karachi, UBL Fund Managers Limited, under the authorization of its Board of Directors, has declared interim cash dividends for three of its investment plans, as per the latest financial disclosures to the Pakistan Stock Exchange.
For the AL-AMEEN ISLAMIC CASH PLAN-I, part of the AL-AMEEN ISLAMIC CASH FUND, an interim cash dividend has been approved for the period ending March 31, 2024. The dividend rate has been set at Re.0.1307 per unit, which equates to 0.13 percent.
In addition, the UBL SPECIAL SAVINGS PLAN-V will also see an interim dividend distribution. For the period ending March 29, 2024, the dividend rate is announced at Re.0.0522 per unit or 0.05 percent.
Furthermore, the UBL LIQUIDITY PLUS FUND is set to distribute an interim cash dividend. For the same period ending March 31, 2024, the dividend has been declared at Re.0.7016 per unit, amounting to 0.7 percent. The entitlement to these dividends will be credited to the unit holders who were on the register of unit holders at the close of business on March 29, 2024.
The management has requested the notification to be conveyed to the TRE Certificate Holders of the Exchange in accordance with the compliance requirements.
Karachi, Faysal Asset Management Limited (FAML) has recently approved an interim distribution for the year ending June 2023 on behalf of its funds under management. The Chief Executive Officer of FAML, authorized by the Board of Directors, announced the interim distribution on May 24, 2023.
The Faysal Islamic Cash Fund, one of the funds managed by FAML, will distribute an interim payout of Rs 0.0521 per unit. This represents 0.0521% of the net asset value (NAV) at the beginning of the year.
Unit holders who held their shares until the close of business on May 24, 2023, will be entitled to receive the aforementioned interim distribution.
Karachi, The Crescent Textile Mills Limited (CTML) has announced the reappointment of Mr. Khalid Bashir as Chairman of the Board and the appointment of Mr. Ahmad Shafi as Chief Executive Officer.
The decision was made by the Board of Directors during a recent meeting, The Mr. Bashir has been reappointed as Chairman of the Board for a three-year term, effective from May 17, 2023.
Furthermore, the board has selected Mr. Ahmad Shafi to take on the role of Chief Executive Officer, commencing from June 01, 2023.
The decision to reappoint Mr. Khalid Bashir as Chairman and appoint Mr. Ahmad Shafi as the new Chief Executive Officer reflects the company.
Karachi, MCB Arif Habib Savings and Investments Limited, the management company of ALHAMRA DAILY DIVIDEND FUND (ALHDDF), has approved a daily dividend distribution for unit holders. The Chief Executive Officer of MCB Arif Habib Savings and Investments Limited, on behalf of the Board of Directors, announced that a dividend of Re. .0472 per unit will be paid to the unit holders whose names appeared in the unit holder register at the close of May 24, 2023.
Unit holders who were registered as of May 24, 2023, will be eligible to receive the dividend payout.
Karachi, AKD Investment Management Limited, a leading asset management company, has announced the daily distribution for the AKD Islamic Daily Dividend Fund (AKDIDDF). The Chief Executive, on behalf of the Board of Directors, has approved a dividend payment of Re. 0.02446 per unit to the unit holders whose names appeared in the unit holder register at the close of May 24, 2023.
Karachi, MCB Arif Habib Savings and Investments Limited, the management company of ALHAMRA ISLAMIC MONEY MARKET FUND (ALHIMMF), revealed the approval of a daily dividend distribution for unit holders. The Chief Executive Officer, on behalf of the Board of Directors, confirmed the payout for May 24, 2023.
Unit holders whose names appeared in the unit holder register at the close of May 24, 2023, will receive a dividend of Re. .0506 per unit. This decision reflects the company's commitment to providing consistent returns to its investors.
Karachi, PAK Leather Crafts Limited has announced a board meeting to be held on 2023-05-31 in Karachi. The primary agenda of the meeting will be to deliberate upon a potential change in the composition of the company's Board of Directors.
PAK Leather Crafts Limited has also declared a "Closed Period" starting from 2023-05-24 until 2023-05-31.
Karachi, MCB-Arif Habib Savings and Investments Limited, one of Pakistan's leading asset management companies, announced today that it will be paying a dividend of Re. 0.0268 per unit to the unit holders whose names appeared in the unit holder register at the close of May 24, 2023.
The dividend declaration came as a result of the company's strong financial performance and commitment to delivering value to its investors. MCB-Arif Habib Savings and Investments Limited has consistently prioritized the interests of its unit holders and strives to provide competitive returns on investments.
The dividend payout of Re. 0.0268 per unit will be distributed among the eligible unit holders in accordance with their respective holdings.
Karachi, Kohat Cement Limited (KCL) successfully executed its buy-back plan, purchasing a total of 2,998 of its own shares. The company undertook this action in accordance with the special resolutions passed during the extraordinary general meeting held on February 21, 2023.
The buy-back process was carried out through the Pakistan Stock Exchange Limited, where KCL actively participated in acquiring its shares. On May 24, 2023, the company procured a substantial portion of its own stock at an average price of PKR 150.25 per share.
