Karachi: Al Meezan Investment Management Limited has announced the financial results for the half-year ending December 31, 2024, which were approved at the Board of Directors meeting held on February 7, 2025. This announcement covers the performance of multiple funds under its management, catering to diverse investment needs in the designated market category.
The financial results, encompassing a variety of funds, illustrate Al Meezan's commitment to providing robust investment solutions across various sectors. Among the funds, the Meezan Dynamic Asset Allocation Funds declared an interim payout of Rs. 0.0394 per unit, equating to 0.08% of the par value of Rs. 50/- per unit, as announced on September 4, 2024. The Meezan Rozana Amdani Fund and Meezan Daily Income Fund both reported daily distributions consistent with their respective offering documents.
According to information available from the Pakistan Stock Exchange (PSX), the total assets of Al Meezan Investment Management Ltd. stood at 44.84 billion, a significant increase from the previous value of 24.19 billion. Meanwhile, net assets rose to 43.73 billion from 22.09 billion. The number of units in issue increased to 352.85 million, up from 252.80 million, reflecting growing investor interest and confidence in Al Meezan's fund offerings.
Liabilities amounted to 1.12 billion, with key payables to Al Meezan Investment Management Limited - Management Company, Central Depository Company of Pakistan - Trustee, and the Securities and Exchange Commission of Pakistan. The net asset value per unit was reported at Rs. 123.93, up from Rs. 81.67, indicating a positive trend in fund performance.
The reports for the funds managed by Al Meezan for the half-year ending December 31, 2024, will be submitted to the PSX and uploaded to the company's website within the stipulated time frame. This transparency ensures that TRE Certificate Holders of the Exchange are adequately informed of the financial health and strategic direction of the funds under Al Meezan's management.