Karachi: July 6, 2009; The Board of Directors of Faysal Asset Management Limited (FAML) has announced a final cash/bonus dividend of Rs. 2.80/- per unit (2.80% of the par value of Rs. 100/-) for Faysal Savings Growth Fund (FSGF); and Rs. 0.80/- per unit (0.80% of the par value of Rs. 100/-) for Faysal Income & Growth Fund (FIGF) for Quarter ended June 30, 2009.
The gross income of FSGF has increased by 81.58% for FY08-09 as compared to that of FY07-08. This growth has therefore translated into an attractive dividend payout of Rs. 12.75 per unit to the unit holders for the year ended June 30, 2009. FIGF gave a payout of Rs. 8.00/- per unit to the unit holders of FIGF for the year ended June 30, 2009. FSGF and FIGF are assigned a fund stability rating of A(f) and A+(f) respectively by JCR-VIS.
Faysal Income & Growth Fund Portfolio: June 30, 2009
Govt. Securities 21.67% Bank Deposits 64.52% Equities 3.85%
TFCs 6.66% Others 3.30%
Faysal Savings Growth Fund Portfolio: June 30, 2009
Govt. Securities 15.31% Deposits & Money Market Placements 80.87%
FAML is a leading asset management company and holds its position amongst the top 10 AMCs in terms of Assets Under Management in Pakistan. FAML was launched in 2003 within Ithmaar Bank (Bahrain) Group of Companies. FAML brings together the collective financial expertise and investment experience of Islamic Investment Company of Gulf (IICG), with its extensive global fund management experience and Faysal Bank Limited, one of Pakistan's premier commercial bank.