Karachi, Alfalah GHP Investment Management Limited informed Pakistan Stock Exchange that in accordance with SRB letter and MUFAP Board decision the Alfalah GHP Investment Management Limited has reversed the provision maintained regarding SWWF in the books of all Mutual Funds and Pension Funds and shall not further accrue the said provision in the aforementioned regard.
Alfalah GHP Investment Management Limited (AGIML), was incorporated on October 18, 2004 as an unlisted public limited company and is licensed by the Securities and Exchange Commission of Pakistan to manage open-ended mutual funds and offer investment advisory services. Alfalah GHP is also the member of MUFAP.
The company is a joint venture Non-Banking Finance Company established by Bank Alfalah Limited and GHP Arbitrium. Bank Alfalah is one of the largest banks in Pakistan with a network of over 600 branches. GHP Arbitrium Ltd is based in Switzerland and is engaged in private asset management, private equity, investment advisory, real estate investments etc.
The other key shareholder of AGIML is MAB Investments Inc. which is one of the investment companies of H.H. Sheikh Nahayan bin Mubarak Al Nahayan, a member of the Abu Dhabi Ruling Family.