The agenda of the meeting was discussion of profit and loss account for year ended June 30, 2016 which portrayed a profit of Rs. 239,108,886 with earnings per share 3.32 basic and diluted.
Further, Rs. 1.75 per share i.e. 77.50% payment of cash dividend, nil bonus shares and right shares was agreed.
The annual general meeting of the company is scheduled to be held on Oct 24, 2016 at the registered office of the company in Karachi.
Furthermore, the share transfer books of the company will remain closed from Oct 17, 2016 to Oct 24, 2016 (both days inclusive).
MCB-Arif Habib Savings and Investments Limited is an Asset Management, Investment Advisory and Pension Fund Management Company, managing Open-end Mutual Fund and Pension Funds. The Company is registered with the Securities & Exchange Commission of Pakistan (SECP) and regulated under the Non-Banking Finance Companies (Establishment and Regulation) Rules, 2003, NBFC and Notified Entities Regulations 2008 and Voluntary Pension System Rules 2005. MCBAH is a member of the Mutual Funds Association of Pakistan (MUFAP).
MCB-Arif Habib Savings and Investments Limited manages over Rs.64.7 billion as on March 31st, 2016. It has 14 Mutual Funds, 2 Voluntary Pension schemes and different Investments Plans in its product portfolio to meet the investment needs of its growing clientele. The Company was conceived in the year 2000 and, in March 2002, two of its flagship Funds, the MCB Pakistan Stock Market Fund (MCB-PSM) (Formerly: Pakistan Stock Market Fund PSM) and the Pakistan Income Fund (PIF) were launched.
The symbol “MCBAH” is being used by the stock exchanges for the shares of MCB-Arif Habib Savings and Investments Limited.