MCB Funds Announces Daily Dividend Payout for Alhamra Islamic Money Market Fund

Islamabad: MCB Investment Management Limited has declared a daily dividend distribution for the Alhamra Islamic Money Market Fund (ALHIMMF) on September 23, 2024. The announcement was made by the Chief Executive Officer on behalf of the fund's Board of Directors.

The specified dividend is set at Rs. 0.0754 per unit. This distribution will be awarded to the unit holders who are registered by the close of business on September 23, 2024. This move reflects the company's commitment to providing regular returns to its investors.

According to information available from the Pakistan Stock Exchange (PSX), the Alhamra Islamic Money Market Fund operates within the non-equity market category, focusing on maintaining liquidity and ensuring capital preservation for its investors.

This daily dividend distribution aligns with the fund's strategy of offering consistent financial returns to its investors, fostering trust and reliability in its financial management practices.