The board of directors of Arif Habib Investments Ltd (AHIL) has decided to wind up its investment scheme AH Dow Jones SAFE Pakistan Titans 15 Index from January 24 due to decline in net assets below the statutory requirement of Rs 100 million.
According to information sent to Karachi Stock Exchange on
Thursday, the management company has a view that the continuity of the scheme is no more commercially “viable”.
The trustee has already given its consent on winding up of the scheme.
The company said that unit holders, whose names appear in the register of unit holders of the scheme at the close of January 23, will be paid in proportion to their respective interest in the assets of the scheme. The scheme will cease to carry on its activities from January 24, except to the extent necessary for it to be wound up.
