MCB Funds Announces Daily Dividend for ALHAMRA ISLAMIC MONEY MARKET FUND

Karachi: MCB Investment Management Limited has announced a dividend payout for the ALHAMRA ISLAMIC MONEY MARKET FUND (ALHIMMF) on 01 August 2024. The Chief Executive Officer, representing the management company and on behalf of the Board of Directors, has approved a daily distribution to its unit holders.

The distribution declared amounts to Re. 0.0516 per unit. This dividend will be paid to those whose names were recorded in the unit holder register at the close of business on 01 August 2024. According to information available from the Pakistan Stock Exchange (PSX), this initiative is part of MCB’s ongoing commitment to providing regular financial returns to its investors.

The declared dividend reflects MCB’s strategy to enhance value for its unit holders by offering consistent daily returns through its well-managed funds. This approach underscores the fund’s stability and reliability as an investment avenue in the current economic environment.

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