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Karachi, Faysal Asset Management Limited (FAML) has announced an interim distribution for the year ending June 30, 2024, on behalf of the Faysal Islamic Cash Fund. The Chief Executive Officer of FAML, authorized by the company’s Board of Directors, has approved this distribution on August 22, 2023.
The details of the distribution are as follows:
Fund Name: Faysal Islamic Cash Fund
Interim Distribution per Unit: Rs. 0.0552
Percentage of Net Asset Value (NAV) at the Beginning of the Year: 0.0552%
This distribution will benefit unit holders whose names appear in the register as of the close of business on August 22, 2023. The announcement reflects FAML’s commitment to delivering value to its investors and maintaining transparent communication regarding the interim distribution of funds.
The decision to approve this distribution aligns with FAML’s ongoing efforts to provide attractive returns to its investors while maintaining the fund’s financial stability. Investors and market participants are likely to appreciate this move, which can contribute to bolstering investor confidence in FAML’s management of the Faysal Islamic Cash Fund.
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