Karachi, ABL Asset Management Company Limited informed Pakistan Stock Exchange that the Board of Directors of the company has authorized the Chief Executive Officer (CEO) to consider and approve interim distribution out of profits earned by ABL Government Securities Fund (ABL-GSF).
The Board of Directors of ABL Asset Management Company Limited has authorized the Chief Executive Officer (CEO) to consider and approve interim distribution out of profits earned by ABL Government Securities Fund (ABL-GSF).
Application for Investment (realized)/Redemption/Transfer/Conversion/Pledge of units or any change in address or particulars received by the Registrar-ABL AMCL at ll-B, Lalazar, M.T. Khan Road, Karachi or at any of distributors offices by the close of business day on Monday June 20, 2016, will be treated in time for the purpose of entitlement for any distribution to the unit holders.
ABL Asset Management Company Limited (ABL AMC) is a wholly owned subsidiary of Allied Bank Limited (ABL) with a paid up capital of Rs.500 Million. ABL Asset Management Company is licensed to undertake asset management and investment advisory services and aims to set the highest industry standards for integrity and quality of service through professional fund management of Mutual Funds. Allied Bank Limited, the parent concern of ABL AMC, is one of the oldest banks in Pakistan established in 1942 and privatized in 2004.
Since then ABL has come a long way in offering various technology based products and services, including real-time banking to its diversified clientele through its network of more than 800 online branches and 500 plus ATMs across Pakistan.