Faysal Asset Management Limited Announces Interim Distribution for the Year Ending June 2023

Karachi, Faysal Asset Management Limited (FAML), a renowned investment management company, has recently announced the interim distribution for the year ending June 2023. The Chief Executive Officer of FAML, duly authorized by the Board of Directors, approved the distribution on 26th May 2023 on behalf of the funds under FAML's management.

Under this distribution, the Faysal Islamic Cash Fund has been allocated an interim distribution payout of Rs 0.0523 per unit, equivalent to 0.0523% of the Net Asset Value (NAV) at the beginning of the year.

Unit holders who hold shares in the aforementioned funds as of the close of business on 26th May 2023 will be entitled to receive the interim distribution.

MCB Arif Habib Savings and Investments Limited Approves Daily Dividend Distribution for ALHAMRA DAILY DIVIDEND FUND

Karachi, MCB Arif Habib Savings and Investments Limited, the management company of ALHAMRA DAILY DIVIDEND FUND (ALHDDF), has approved the distribution of daily dividends to unit holders. The Chief Executive Officer, on behalf of the Board of Directors, confirmed the payout details for May 26, 2023.

Unit holders whose names appeared in the unit holder register at the close of May 26, 2023, will receive a dividend of Re. .0466 per unit.

First Elite Capital Modaraba’s Non-Executive Director Muhammad Javed Amin Discloses Purchase of 5,000 Shares

Karachi, First Elite Capital Modaraba, it has been revealed that Muhammad Javed Amin, the Non-Executive Director of the company, has executed a transaction involving the purchase of shares. The details of the transaction are as follows:

On May 26, 2023, Muhammad Javed Amin purchased 5,000 shares of First Elite Capital Modaraba. The shares were acquired at a rate of 3.05 per share. The transaction was conducted through CDC (Central Depository Company) and the shares were in the form of ready certificates.

MCB Arif Habib Savings and Investments Limited Approves Daily Dividend Distribution for ALHDDF DAILY DIVIDEND FUND

Karachi, MCB Arif Habib Savings and Investments Limited, the management company of ALHDDF DAILY DIVIDEND FUND (ALHDDF), has approved the distribution of daily dividends to unit holders. The Chief Executive Officer, on behalf of the Board of Directors, confirmed the payout details for May 28, 2023.

Unit holders whose names appeared in the unit holder register at the close of May 28, 2023, will receive a dividend of Re. .0463 per unit.

UBL Fund Managers Limited Announces Interim Cash Dividends for UBL Special Savings Plan-VII, UBL Special Savings Plan-V, and Al-Ameen Islamic Cash Plan-I

Karachi, UBL Fund Managers Limited has recently approved interim cash dividends for three of its investment plans. The Chief Executive Officer, acting under the authority granted by the Board of Directors, has confirmed the distribution of dividends based on the performance of each plan.

For the UBL Special Savings Plan-VII, investors can expect an interim cash dividend of Re.0.0324 per unit, which amounts to 0.03%. This dividend reflects the positive results achieved during the period ending on May 26, 2023.

Similarly, investors in the UBL Special Savings Plan-V will receive an interim cash dividend of Re.0.0565 per unit, equivalent to 0.06%.

ALHAMRA ISLAMIC MONEY MARKET FUND Announces Daily Dividend Distribution of Re. .0504 per Unit

Karachi, MCB Arif Habib Savings and Investments Limited, the management company of ALHAMRA ISLAMIC MONEY MARKET FUND (ALHIMMF), has declared its daily dividend distribution for May 26, 2023. The Chief Executive Officer, on behalf of the Board of Directors, has approved a dividend of Re. .0504 per unit.

This dividend will be paid to the unit holders whose names appeared in the unit holder register at the close of May 26, 2023.

ALHAMRA ISLAMIC MONEY MARKET FUND continues to focus on maximizing returns for its unit holders while adhering to Islamic principles.

Premium Textile Mills Announces Emergent Meeting to Approve Share Capital Increase and Altered Articles of Association

Karachi, Premium Textile Mills Limited held an emergent meeting on May 27, 2023, where the Board of Directors approved significant changes for the company's future. The meeting resulted in the following decisions:

Share Capital Increase: The Board of Directors agreed to increase the authorized share capital of Premium Textile Mills from PKR 70,000,000/- to PKR 7,000,000,000/-. This move involves dividing the capital into 700,000,000 ordinary shares of PKR 10 each. However, the decision is subject to approval from the members in a general meeting. If approved, this increase in share capital will significantly enhance the company's financial capabilities and support future growth.

Extra Ordinary General Meeting (EOGM): To address the aforementioned decisions, Premium Textile Mills has scheduled an Extra Ordinary General Meeting to be held on Friday, June 23, 2023. During this meeting, the shareholders will convene to consider and approve the proposed changes.

Share Transfer Book Closure: In preparation for the Extra Ordinary General Meeting, Premium Textile Mills announced the closure of its Share Transfer Books. From June 17, 2023, to June 23, 2023, shareholders will be unable to transfer their shares.

Faysal Asset Management Limited Announces Interim Distribution for Faysal Money Market Fund

Karachi, Faysal Asset Management Limited (FAML) has recently approved an interim distribution for the year ending 30 June 2023 on behalf of its renowned fund, Faysal Money Market Fund. The Chief Executive Officer of FAML, authorized by the Board of Directors, made the announcement on 26 May 2023.

According to the approved distribution, the interim payout per unit for the Faysal Money Market Fund will be Rs 1.5095, which represents a percentage of 1.48% of the net asset value (NAV) at the beginning of the year.

The distribution is applicable to all unit holders who are registered as of the close of business on 26 May 2023.

AGA KHAN FUND FOR ECONOMIC DEVELOPMENT Acquires Significant Stake in Habib Bank Limited

Karachi, The Aga Khan Fund for Economic Development, a substantial shareholder of Habib Bank Limited, has made several notable purchases of the company's shares. The transactions took place on May 26, 2023, and signify a significant increase in the fund's stake in Habib Bank Limited.

The Aga Khan Fund for Economic Development, known for its investments in various sectors, including banking and finance, made the following purchases:

1. On May 26, the fund acquired 499 shares of Habib Bank Limited at a rate of 72.38 per share.

2. Additionally, the AGA KHAN FUND FOR ECONOMIC DEVELOPMENT purchased 150 shares at a rate of 72.39 per share.

3. In a substantial acquisition, the fund bought 288,995 shares at a rate of 72.40 per share.

4. Another purchase involved the acquisition of 2,000 shares at a rate of 72.46 per share.

5. The fund further increased its stake by purchasing 19,000 shares at a rate of 72.50 per share.

6. Additionally, the AGA KHAN FUND FOR ECONOMIC DEVELOPMENT acquired 4,000 shares at a rate of 72.55 per share.

7. In a smaller transaction, the fund purchased 585 shares at a rate of 72.65 per share.

8. A significant acquisition followed, with the fund buying 16,500 shares at a rate of 72.70 per share.

9. Lastly, the AGA KHAN FUND FOR ECONOMIC DEVELOPMENT acquired 43,500 shares at a rate of 72.75 per share.

Kohat Cement Company Limited Executes Buy-Back Plan, Repurchases 145,519 Shares at an Average Price of PKR 154.56

Karachi, the Kohat Cement Company Limited successfully executed its buy-back plan by repurchasing a significant number of its own shares. The buy-back initiative was carried out in accordance with the special resolutions passed during the extraordinary general meeting held on February 21, 2023.

The company made the repurchase through the Pakistan Stock Exchange Limited, a renowned stock exchange in the region. The details of the buy-back are as follows:

On May 26, 2023, Kohat Cement Company Limited acquired a total of 145,519 shares at an average price of PKR 154.56 per share.