PPQAMC announces dividend of PKR 1.7635 per unit for its Pak-Qatar Monthly Income Plan

Pak-Qatar

Islamabad: Pak-Qatar Asset Management Company Limited (PQAMC) is a leading Islamic asset management company in Pakistan and part of the Pak-Qatar Group, a leading Islamic financial services group in Pakistan. PQAMC recently announced the monthly dividend of the Pak-Qatar Monthly Income Plan (PQMIP), one of PQAMC’s ‘Company Matching Mutual Fund’ plans. This plan is the highest-paying plan in the category.

According to the PQAMC website, the declared dividend is PKR 1.7635 per unit. PQAMC is rated AM2 with “Stable Outlook” by the internationally renowned PACRA. The PQMIP plan is rated A+ and “Stable Outlook” by PACRA.

Chief Executive Officer of Pak-Qatar Asset Management Company Limited – Mr. Farhan Shaukat has approved the distribution of dividends for March 2024 by the authority given by the Board of Directors.

Further, Farhan said, “The above rights will be distributed to the unit holders whose names are mentioned in the list of unit holders at the close of business on March 28, 2024.”

Pak-Qatar Group aims to add value to Pakistan’s economy by making valuable investments and creating innovative and Halal business and financial services for sustainable development.

Stakeholders can also view the performance of the Pak-Qatar Monthly Income Plan, the trade body for Pakistan’s multi-billion asset management industry, on the Mutual Funds Association of Pakistan (MUFAP) website.

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