Alfalah Asset Management Announces Interim Dividends for Four Funds

Karachi, The Chief Executive, representing the Board of Directors of Alfalah Asset Management Limited, has approved the interim distribution of cash dividends for four of its funds for the fiscal year ending June 30, 2024. This distribution marks a significant step in the company’s yearly financial schedule.

The announcement detailed the interim dividends for the Alfalah GHP Income Multiplier Fund at Rs. 1.7142 per unit, representing a dividend yield of 3.17% of the Ex NAV at the beginning of the year. Additionally, the Alfalah GHP Islamic Income Fund will distribute Rs. 21.2402 per unit, which is 20.66% of the Ex NAV, while the Alfalah GHP Sovereign Fund will see a dividend of Rs. 24.1131 per unit, equaling 22.51% of the Ex NAV. The Alfalah Islamic Sovereign Fund Plan I is set to distribute Rs. 0.4180 per unit, making up 0.42% of the Ex NAV.

According to information available from the Pakistan Stock Exchange (PSX), these dividends reflect a robust performance of the funds managed by Alfalah Asset Management Limited. The shareholders registered at the close of business on June 21, 2024, will be eligible to receive these dividends. This move is anticipated to have a positive impact on shareholder returns and reflect the strategic management of fund assets by the company throughout the fiscal year.