Karachi: Al Meezan Investment Management Limited, a key player in the financial services sector, has announced interim payouts for its Meezan Fixed Term Fund (MFTF) and associated plans for the fiscal year ending June 30, 2025. The announcement was made by the Chief Executive Officer of Al Meezan, utilizing the authority granted by the Board of Directors.

The interim payouts include a cash dividend allocated to two specific plans under the MFTF. The Meezan Paidaar Munafa Plan-XIV will see a payout of Rs. 2.1607 per unit, representing a 4.32% payout as a percentage of par value. Meanwhile, the Meezan Paidaar Munafa Plan-XX will have a payout of Rs. 0.300 per unit, equating to a 0.60% payout as a percentage of par value.

According to information available from the Pakistan Stock Exchange (PSX), the interim payouts are expected to impact the market within the designated category of financial services. Al Meezan's announcement is aimed at keeping TRE Certificate Holders of the Exchange informed about the developments regarding the company's investment plans.

These payouts reflect the company's continued commitment to providing returns to its investors, as Al Meezan continues to manage its open-end fund with a focus on long-term growth and stability.