Karachi, MCB-Arif Habib Savings and Investments Limited informed Pakistan Stock Exchange that extraordinary general meeting of the company is scheduled to be held on February 06, 2020 at Karachi.
The agenda of the meeting will be confirming the minutes of the Annual General Meeting held on October 24, 2019, to elect seven Directors of the Company as fixed by the Board of Directors in accordance with Section 159 (1) of the Companies Act, 2017 for a period of three years, commencing from February 07, 2020 and to transact any other business with the permission of the Chair.
Further, the closed period of the company is from January 31, 2020 to February 06, 2020 (both days inclusive).
MCB-Arif Habib Savings and Investments Limited is an Asset Management, Investment Advisory and Pension Fund Management Company, managing Open-end Mutual Fund and Pension Funds. The Company is registered with the Securities & Exchange Commission of Pakistan (SECP) and regulated under the Non-Banking Finance Companies (Establishment and Regulation) Rules, 2003, NBFC and Notified Entities Regulations 2008 and Voluntary Pension System Rules 2005. MCBAH is a member of the Mutual Funds Association of Pakistan (MUFAP).
MCB-Arif Habib Savings and Investments Limited manages over Rs.64.7 billion as on March 31st, 2016. It has 14 Mutual Funds, 2 Voluntary Pension schemes and different Investments Plans in its product portfolio to meet the investment needs of its growing clientele. The Company was conceived in the year 2000 and, in March 2002, two of its flagship Funds, the MCB Pakistan Stock Market Fund (MCB-PSM) (Formerly: Pakistan Stock Market Fund PSM) and the Pakistan Income Fund (PIF) were launched.
The symbol “MCBAH” is being used by the stock exchanges for the shares of MCB-Arif Habib Savings and Investments Limited.