Karachi, Faysal Asset Management Limited (FAML) has recently approved an interim distribution for the year ending June 2023 on behalf of its funds under management. The Chief Executive Officer of FAML, authorized by the Board of Directors, announced the interim distribution on May 24, 2023.
The Faysal Islamic Cash Fund, one of the funds managed by FAML, will distribute an interim payout of Rs 0.0521 per unit. This represents 0.0521% of the net asset value (NAV) at the beginning of the year.
Unit holders who held their shares until the close of business on May 24, 2023, will be entitled to receive the aforementioned interim distribution.