Pakistan Company News

Board of directors meeting of Faysal Money Market Fund

Karachi, Faysal Money Market Fundinformed Pakistan Stock Exchange that board of directors meeting of the company will be held on February 23, 2018 at Karachi. The agenda of the meeting will to consider the Half Yearly Accounts for the period ended December 31, 2017.

Further, the company has declared the closed period from February 16, 2018 to February 23, 2018.

Faysal Money Market Fund has been established under the Non-Banking Finance companies (Establishment and Regulation), Rules 2003 (the NBFC Rules) and has been authorised as a unit trust scheme by the Securities and Exchange Commission of Pakistan (SECP) on June 04, 2009. It has been constituted under a Trust Deed, dated April 22, 2009 under the name of Faysal Islamic Balanced Growth Fund and thereafter as Faysal Money Market Fund vide supplemental Trust Deed, dated October 18, 2010 between Faysal Asset Management Limited (the Management Company), a company incorporated under the Companies Ordinance, 1984 and Central Depository Company of Pakistan Limited (CDC) as the Trustee, also incorporated under the Companies Ordinance, 1984. The Fund is an open ended money market fund and offers units for public subscription on a continuous basis.

The Fund was launched on December 13, 2010. The principal activity of the Fund is to make investment in fixed income securities including money market instruments. The shares of the company are quoted on Karachi Stock Exchanges of Pakistan. The registered office of the company is situated at Karachi.

The symbol “FMMFO” is being used by the stock exchange for the shares of Faysal Money Market Funds.