PAKISTAN: Al Meezan Investment Management has reported dividend distributions for its funds under management for the term ended the 30th June 2012.
Meezan Balanced Fund will distribute a final cash dividend of PKR1.90 (US$0.02 US cents) per certificate, while its net assets closed at PKR1.53 million (US$16,175).
The Meezan Cash Fund will pay a dividend of PKR0.38 (US$0.004) per unit, with a total bonus dividend of PKR702 million (US$7.42 million), while dividends for the Meezan Sovereign Fund amounted to PKR1.30 (US$0.003) per unit with a bonus dividend totaling PKR1.8 million (US$18,885).
The Meezan Islamic Fund and the Al Meezan Mutual Fund will distribute bonus dividends amounting to PKR888 million (US$9.32 million) and PKR265 million (US$2.78 million), respectively.