Karachi, Alfalah GHP Investment Management Limited informed Pakistan Stock Exchange that the Chief Executive on behalf of the Board of Directors of Alfalah GHP Investment Management Limited, the Management Company of Alfalah GHP Money Market Fund has declared Payout of its income for the year ending June 30, 2016 in the form of cash dividend. Each Unit Holder will be entitled to receive dividend amounting to Rs. 8.0288/- per unit (i.e. 7.96% of Ex-NAV of Rs. 100.8185 at the beginning of the year).
The person holding units of Alfalah GHP Money Market Fund at the close of business on June 22, 2016 will be entitled to the dividend.
lfalah GHP Investment Management Limited (AGIML), was incorporated on October 18, 2004 as an unlisted public limited company and is licensed by the Securities and Exchange Commission of Pakistan to manage open-ended mutual funds and offer investment advisory services. Alfalah GHP is also the member of MUFAP.
The company is a joint venture Non-Banking Finance Company established by Bank Alfalah Limited and GHP Arbitrium. Bank Alfalah is one of the largest banks in Pakistan with a network of over 600 branches. GHP Arbitrium Ltd is based in Switzerland and is engaged in private asset management, private equity, investment advisory, real estate investments etc.
The other key shareholder of AGIML is MAB Investments Inc. which is one of the investment companies of H.H. Sheikh Nahayan bin Mubarak Al Nahayan, a member of the Abu Dhabi Ruling Family.