Al Meezan declares dividends

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KARACHI: Al Meezan Investment Management Ltd has declared final dividends for its eight open-end funds for the period ended June 30, 2013.

The board of directors announced the dividends on Tuesday, said a press statement.

Total final dividends for the fiscal 2013 amounted Rs4.152 billion, it said, adding interim payouts that were made during the year for open-end funds totaled at Rs1.963 billion. Besides, total amount of dividends for the fiscal year stood at Rs6.115 billion.

The names of funds are Meezan Islamic Fund, Al Meezan Mutual Fund, KSE Meezan Index Fund, Meezan Islamic Income Fund, Meezan Balanced Fund, Meezan Capital Protected Fund-II, Meezan Sovereign Fund, and Meezan Financial Planning Fund.

Courtesy: The News

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