KASB Funds Limited, the Management Company of KASB Liquid Fund (KLF) and KASB Islamic Income Fund (KIIF) has announced a final dividend distribution of Rs 1.25 per unit (Par PKR 100) for KLF and Rs 3.75 per unit (Par PKR 100) for KIIF. The Board of Directors of the Management Company approved the final dividend distribution in their meeting held on July 4, 2009.
The total dividend distributed in FY 2009 amounts to Rs 4.25 per unit for KLF and the total dividend distributed amounts to Rs 8.75 per unit for KIIF. This was the second dividend distribution for KLF and third dividend distribution for KIIF for the Fiscal Year 2009.
Apart from KLF and KIIF, KASB Funds is also managing KASB Balanced Fund and KASB Stock Market Fund with total assets under management of approximately to Rs 5 billion as at June 30, 2009. KASB Funds was rated 'AM3+' by JCR-VIS. KASB Funds will shortly be adding KASB Cash Fund to its portfolio. KASB Cash Fund is an open-ended money market fund with no direct or indirect exposure to the stock market.