Karachi, UBL Fund Managers Limitedinformed Pakistan Stock Exchange that the Board of Directors of the Company has authorized Chief Executive Officer to consider and approve interim distribution out of profits earned by Al-Ameen Islamic Conservative Allocation Plan under Al-Ameen Islamic Financial Planning Fund-II and by UBL Conservation Allocation Plan under UBL Financial Planning Fund. In this regard, on February 28, 2018, the CEO will consider and approve, if deemed fit, interim distribution for the said Plans.
The UBL Fund Managers is the asset management company operating in Pakistan, offering savings and investment solutions to institutional and individual clients. The UBL Fund Managers is the asset management company operating in Pakistan, offering savings and investment solutions to institutional and individual clients.
UBL Fund Managers Limited (a wholly owned subsidiary of United Bank Limited) as the management company, a company incorporated under the Companies Ordinance, 1984 and Central Depository Company of Pakistan Limited (CDC) as the Trustee. The Trust Deed has also been approved by the Securities and Exchange Commission of Pakistan (SECP).