Karachi, PICIC Asset Management Company Limited informed Pakistan Stock Exchange that the board meeting of the company is scheduled to be held on August 26, 2016 at Karachi. The agenda of the meeting shall be consideration of accounts for the year ended June 30, 2016.
Further, the closed period of the company shall be from August 19, 2016 to August 26, 2016 (both days inclusive).
PICIC Asset Management Company Limited (PICIC AMC) is a medium sized company. PICIC AMC is registered as a Non-Banking Finance Company (NBFC) licensed by the Securities and Exchange Commission of Pakistan (SECP) to provide Asset Management and Investment Advisory services within a legal framework of the prevailing Non-Banking Finance Companies (Establishment and Regulation) Rules, 2003 and the Non-Banking Finance Companies and Notified Entities Regulations, 2008.
With the launch of two Shariah-compliant open-end mutual funds in May 2014, PICIC AMC is managing six open-end funds and two closed-end funds on behalf of around 32,000 Investors and total Assets under Management (AUM) of PKR 22,946 million as of 31st March 2016. We also offer PICIC Bespoke, customized investment solutions, which comprises discretionary and non-discretionary portfolio management services.