Karachi: The ALHAMRA Islamic Money Market Fund (ALHIMMF), managed by MCB Investment Management Limited, has announced a new daily dividend payout. This distribution, set at Re. 0.0462 per unit, will be disbursed to all unit holders registered at the close of July 16, 2024.

According to information available from the Pakistan Stock Exchange (PSX), this dividend is part of the fund's commitment to provide regular financial returns to its investors. The Chief Executive Officer of MCB Investment Management Limited, representing the Board of Directors, has affirmed the fund's strategy to maintain a consistent dividend distribution, supporting the financial goals of its stakeholders.

This move underscores MCB Funds' ongoing effort to optimize shareholder value through frequent and reliable dividend payouts, reinforcing the fund’s position in a competitive market.