Karachi, (PPI Bot): Pakistan Stock Exchange market report for 21 Nov 2023 indicates a notable development in the financial sector. Alfalah Asset Management Limited, in a significant move, has announced the approval of interim distribution for its funds for the year ending June 30, 2024. The Chief Executive, representing the Board of Directors, sanctioned this decision, marking a pivotal moment for the company and its stakeholders.
The company declared that the Alfalah GHP Money Market Fund would receive a cash dividend of Rs. 1.4779 per unit. This dividend represents 1.50% of the Ex-NAV (Net Asset Value) at the beginning of the year. This interim distribution is a key financial event for the fund's unit holders.
Eligibility for this dividend is limited to those holding units at the close of business on November 20, 2023. This announcement reflects the company's commitment to providing value to its investors and maintaining a strong financial position in the market.