PAKISTAN: Al Meezan Investment Management reported a total dividend distribution of over PKR3.85 million (US$42,000) for the financial year ended the 30th June 2012 for four of its open-ended funds.
The Meezan Islamic Fund announced a dividend of PKR8.25 (0.09 US cents) per unit, while the Al Meezan Mutual Fund declared a distribution of PKR2 (0.02 US cents) per unit.
Meezan Islamic Income Fund declared a final stock dividend of PKR1.97 (0.02 US cents) per unit; and the Meezan Capital Protected Fund-II will distribute a final dividend of PKR6.25 (0.06 US cents) per unit.
Meanwhile, the Meezan Sovereign Fund announced a final stock dividend of PKR1.46 (0.02 US cents) per unit, while the Meezan Cash Fund reported a final stock dividend of PKR1.32 (0.01 US cents) per unit.
Al Meezan also reported assets under management of over PKR38 billion (US$414.53 million) during the period.