Al Meezan Investment Management Approves Financial Results for Diverse Fund Portfolio

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Karachi, Al Meezan Investment Management Limited (Al Meezan) has announced the endorsement of the financial results for an array of funds within its management portfolio. The announcement follows the Board of Directors’ meeting held on August 7, 2023.

The financial results of several funds for the year ending June 30, 2023, have received the Board’s approval. A comprehensive list of these funds includes Meezan Islamic Fund, Al Meezan Mutual Fund, KSE – Meezan Index Fund, Meezan Energy Fund, Meezan Balanced Fund, Meezan Asset Allocation Fund, Meezan Dedicated Equity Fund, Meezan Islamic Income Fund, Meezan Sovereign Fund, Meezan Cash Fund, Meezan Gold Fund, Meezan Financial Planning Fund of Funds, Meezan Strategic Allocation Fund, Meezan Strategic Allocation Fund-II, Meezan Strategic Allocation Fund-III, and Meezan Pakistan Exchange Traded Fund, Meezan Rozana Amdani Fund, Meezan Daily Income Fund, and Meezan Fixed Term Fund.

The Board’s approval of these financial results signifies Al Meezan Investment Management Limited’s commitment to maintaining financial transparency, accountability, and performance excellence across its fund offerings.

Amidst the details, an Income Statement for MEEZAN PAKISTAN EXCHANGE TRADED FUND has been provided, offering an insight into the fund’s financial performance for the fiscal year ended June 30, 2023.

Furthermore, the Board of Directors has ratified a final payout of Rs. NIL per unit to unit holders of MEEZAN PAKISTAN EXCHANGE TRADED FUND for the fiscal year ending June 30, 2023. This decision underscores Al Meezan’s approach of fulfilling its commitments to its investors while considering the economic landscape and performance factors.

The announcement of these financial results extends to investors and stakeholders essential information to appraise the performance and potential of these funds, further aligning with Al Meezan’s ethos of transparency and investor-focused operations.

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