Karachi, Al Meezan Investment Management Limitedinformed Pakistan Stock Exchange that board of directors meeting of the company will be held on February08, 2018 to consider and approve the n-audited accounts for the half year ended December 31, 2017 of the funds under its management.
Further, the company has declared the closed period from February 01, 2018 to February 08, 2018.
Al Meezan Investment Management Limited (Al Meezan) is the subsidiary of Meezan Bank Limited.
It has successfully completed 20 years of its existence in 2015. This is one of the longest track records in private sector in the area of investment management in Pakistan and has emerged as one of Pakistan’s leading investment solutions provider in a Shariah compliant manner. Al Meezan has recorded phenomenal growth over the last five years with its Assets under management (AUMs) growing from PKR 17.8 billion in January 2010 to about PKR 66.4 billion on June 30, 2015 reflecting an impressive 273% growth in AUMs in the last five years.
Al Meezan is also the manager of Pakistan’s Largest Equity Fund -Meezan Islamic Fund and the Largest Pension Fund – MeezanTahaffuz Pension Fund in Private sector, currently with assets under management of Rs 27 Billion and about Rs. 4.5 Billion as on June 30, 2015 respectively.
The symbol “OEFMIF” is being used by the stock exchange for the shares of Al Meezan Investment Management Limited.