Al Meezan announces dividend payout


Al Meezan Investment Management Limited (Al Meezan) is pleased to announce the fifth interim dividend payout for Meezan Cash Fund (MCF) of Rs0.58 per unit.
The payouts are in the form of Bonus Units to the Growth Unit holders and Cash Dividend to the income unit holders. A growth unit holder having 100 units of MCF as on June 28, 2011 will get 1.16 additional units at the ex-div.
NAV of Rs50 while an Income Unit holder will get Cash Dividend of Rs0.58 per unit. Meezan Cash Fund (MCF) is the first and the largest Shariah compliant open-end money market fund in Pakistan.