Al Habib Asset Management Limited Approves Interim Distribution for Al Habib Funds

Karachi, Al Habib Asset Management Limited, under the authority of its Board of Directors, has approved interim distributions for two of its prominent funds for the fiscal year ending June 30, 2023. The Chief Executive Officer of the company granted approval for the following funds: Al Habib Money Market Fund and Al Habib Islamic Cash Fund.

The interim distribution per unit for Al Habib Money Market Fund has been set at Rs. 0.0549, constituting 0.0549% of the Net Asset Value (NAV). Likewise, for the Al Habib Islamic Cash Fund, the interim distribution per unit is determined as Rs. 0.0501, accounting for 0.0501% of the NAV.

Unit holders who were registered in the unit holders’ register on May 17, 2023, will be entitled to receive the above-mentioned interim distributions.