August 25, 2016 12:27 AM ET

Capital Markets

Company Overview of Al-Meezan Mutual Fund Limited

Company Overview

Al-Meezan Mutual Fund is a shariah compliant open ended equity mutual fund launched and managed by Al Meezan Investment Management Limited. The fund invests in the public equity markets of Pakistan. It seeks to invest in stocks of companies operating across diversified sectors. The fund benchmarks the performance of its portfolio against the KMI-30. Al-Meezan Mutual Fund was formed on September 16, 1996 and is domiciled in Pakistan.

Ground Floor, Block B

Finance and Trade Center (FTC)

Sharah-e-Faisal

Karachi,  74400

Pakistan

Founded in 1996

Key Executives for Al-Meezan Mutual Fund Limited

Chief Executive Officer of Al Meezan Investment Management Limited, Executive Director of Al Meezan Investment Management Limited, Member of Investment Committee and Member of Human Resources & Remuneration Committee
Chief Financial Officer of Al Meezan Investment Management Limited and Company Secretary of Al Meezan Investment Management Limited
Head of Research at Al Meezan Investment Management Limited and Member of Investment Committee
Chief Investment Officer of Al Meezan Investment Management Limited and Member of Investment Committee
Assistant Vice President of Investments - Al Meezan Investment Management Limited and Member of Investment Committee
Compensation as of Fiscal Year 2016.

Al-Meezan Mutual Fund Limited Key Developments

Al-Meezan Mutual Fund Limited Approves the Interim Cash Dividend for the Year Ended June 30, 2016

Al-Meezan Investment Management Limited has approved the interim cash dividend to the unit holders of Al-Meezan Mutual Fund Limited of PKR 0.82 (8.20%) per unit at par value of PKR 10 for the year ended June 30, 2016. The entitlement will be paid to the unit holders whose names appear in the register of unit holders as at the close of the business on June 23, 2016.

Al-Meezan Mutual Fund Reports Unaudited Earnings Results for the Third Quarter and Nine Months Ended March 31, 2016

Al-Meezan Mutual Fund reported unaudited earnings results for the third quarter and nine months ended March 31, 2016. For the nine months, the company reported total income of PKR 287,867,000 against PKR 195,062,000 a year ago. Net income from operating activities was PKR 186,918,000 against PKR 116,468,000 a year ago. Net income before taxation was PKR 179,419,000 against PKR 123,866,000 a year ago. Net income for the period after taxation was PKR 179,419,000 against PKR 123,866,000 a year ago. Total comprehensive income for the period was PKR 157,892,000 against PKR 177,194,000 a year ago. For the quarter, the company reported total income of PKR 185,484,000 against loss of PKR 16,330,000 a year ago. Net income from operating activities was PKR 150,014,000 against loss of PKR 42,483,000 a year ago. Net income before taxation was PKR 139,945,000 against loss of PKR 38,460,000 a year ago. Net income for the period after taxation was PKR 139,945,000 against loss of PKR 38,460,000 a year ago. Total comprehensive income for the period was PKR 146,654,000 against loss of PKR 148,191,000 a year ago.

Al-Meezan Mutual Fund Limited, Board Meeting, Apr 20, 2016

Al-Meezan Mutual Fund Limited, Board Meeting, Apr 20, 2016, at 09:30 Pakistan Standard Time. Agenda: To consider third quarterly accounts for the period ended March 31, 2016.

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Recent Private Companies Transactions

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