26% Record Annual Dividend By Faysal Balanced Growth Fund
Dated: July 17, 2006: The Board of Directors of Faysal Asset Management Limited has approved 6% Final Dividend as Bonus Units from distributable profits of “Faysal Balanced Growth Fund” (FBGF) for the full year ended June 2006 for unit holders. The Fund has earlier declared an interim dividend of 20% as bonus units for the half year ended on December 31st, 2005. Faysal Balanced Growth Fund announced record results for the fiscal year ending June 30th, 2006 with a record dividend distribution of 26% on an annual basis.
FBGF is the only open-ended balanced fund with well-defined investment strategy for holding minimum 30% in Money Market Securities and maximum 70% in equity securities. FBGF was launched in April 2004 with the largest seed capital contribution of Rs. 600 million in Pakistan.