Karachi, Habib Asset Management Limited informed Pakistan Stock Exchange that the board meeting of the company is scheduled to be held on June 21, 2016 at Karachi. The agenda of the meeting is to consider and approve Interim Dividend distribution, if any, out of profits earned by First Habib Income Fund (FHIF) and First Habib cash Fund (FHCF) for the year ending June 30, 2016.
Further, the closed period of the company shall be from June 14, 2016 to June 21, 2016 (both days inclusive).
Habib Asset Management Limited, an associated company of Bank AL Habib Limited was incorporated on September 30, 2005 as a Public Limited Company. The main objective of the company is to float open-end mutual funds for different class of investors. Habib Asset Management is presently managing First Habib Income Fund (FHIF), First Habib Stock Fund (FHSF), First Habib Cash Fund (FHCF) and First Habib Islamic Balanced Fund (FHIBF).