Karachi: MCB Investment Management Limited, the asset management division of MCB Bank, has declared a daily dividend payout for its ALHAMRA Daily Dividend Fund (ALHDDF). This dividend announcement was made by the company's CEO on behalf of the Board of Directors, setting the rate at Re. 0.0473 per unit for unit holders registered at the close of business on August 13, 2024.

According to information available from the Pakistan Stock Exchange (PSX), the dividend will be distributed to all eligible unit holders of ALHDDF. This move aligns with MCB Funds' commitment to providing consistent returns to its investors, reflecting its management's strategic focus on maximizing shareholder value through regular dividend distributions.

The distribution pertains to the daily dividend payments, a practice that underscores the fund’s objective to offer regular income to its investors. The record date for this distribution has been set as August 13, 2024, with all unit holders registered by the close of this date eligible for the dividend.