Al Meezan announces dividend

KARACHI: Al Meezan Investment Management Limited (Al Meezan) has announced a final cash dividend of Rs1.851 billion for its unit holders as of June 30, 2015. This, coupled with interim payouts of Rs0.5326 billion in three funds earlier, makes the total distribution of Rs2.383 billion for financial year ended June 30, 2015. Total assets under management of Al Meezan grew from Rs59.3 billion to Rs66.7 billion, depicting a growth of 12.5% from FY 2014 to FY 2015. It has successfully maintained the position of being the largest private sector asset management company in Pakistan.

Published in The Express Tribune, July 11^th, 2015.

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