Tag: Habib

Arif Habib announces dividends for two funds

KARACHI - The chief executive on behalf of the board of directors of Arif Habib Investments Limited (AHI) Management Company has announced monthly dividends for two of its funds. Pakistan Income Enhancement Fund (PIEF) has announced an interim dividend of Rs 0.43 per unit.
An investor holding 100 units as of 25 January, 2011 get 0.8466 units on the ex-bonus price of Rs 50.79 per unit with the proportionate applying to actual holdings. The highest rated Money Market Fund, Pakistan

Bank Al Habib encourages savings

KARACHI - Bank Al Habib is geared towards promoting the saving habit through its monthly saver account. The account offers monthly returns and no restriction to withdraw funds. The profit is calculated at eight percent per annum on balances of Rs 100,000 and above and at five percent per annum on balances of below Rs100,000, based on minimum monthly balance. Free ATM/Debit Card and loan up to 90 percent of deposit amount is also offered. Currently, Bank Al Habib has a network of 302

MCB, Arif Habib edging towards merger

KARACHI - Two of the country's prominent business conglomerates, Arif Habib Investment Limited (AHIL) and MCB Asset Management Company Limited (MCB-AMLC), are edging towards a merger.
According to AHIL officials, the AHIL board of directors had given its consent to the investment giant mulling a merge with MCB-AMLC. In this regard, officials said an emergency meeting of the board of directors was held at the company's head office, Arif Habib Center, on December 30.