PQAMC announces monthly dividend of Rs.1.6137 per unit for its income plan

KARACHI ( WNAM REPORT): Pak-Qatar Asset Management Company Limited (PQAMC) is a leading dedicated Islamic Asset Management Company in Pakistan, and part of Pak-Qatar Group, which is Pakistan’s Pioneer and Premier Islamic financial services group. PQAMC has recently announced the monthly dividend of Pak-Qatar Monthly Income Plan (PQMIP) under PQAMC’s Shariah-Compliant Income Fund. The plan is also amongst the highest return paying plan in the category.
PQMIP announced dividend of PKR 1.6137 per unit for the month of August’24 with an annualized return of 21.47% YTD, earned as on August 28, 2024. PQAMC is rated AM2 with ‘Stable Outlook’ by PACRA. The PQMIP plan is also rated A+ with a ‘Stable Outlook’ by PACRA.
The Chief Executive Officer of Pak-Qatar Asset Management Company Limited – Mr. Farhan Shaukat has approved the distributions of dividends for the month of August 2024, under the authority delegated to him by the Board of Directors.
Mr. Farhan further stated that: “The above entitlement will be distributed to the unit-holders, whose names appear in the register of unit-holders at the close of business on August 28, 2024. This reflects PQMIP’s strong and consistent performance and our commitment to our valued Participants of PQMIP”.
Pak-Qatar Group has a vision to add value to the economy of Pakistan by making valuable investments and creating innovative and Halal financial ventures and services for sustainable growth.
The stakeholders can also review the performance of Pak-Qatar Monthly Income Plan on the website of the Mutual Funds Association of Pakistan (MUFAP).