Home / Board Meetings / Faysal Asset Management Limited’s change in date and time of the board meeting, closed period and book closure

Faysal Asset Management Limited’s change in date and time of the board meeting, closed period and book closure

Karachi: Further to our letter dated October 13, 2011, we wish to inform you that the meeting of the Board of Directors of Faysal Asset Management Limited (FAML), Management Company of Faysal Balanced Growth Fund (FBGF), Faysal Income and Growth Fund (FIGF), Faysal Savings Growth Fund (FSGF), Faysal Islamic Savings growth Fund (FISGF) and Faysal Money Market Fund (FMMF) is rescheduled and now will be held on Wednesday, October 26, 2011 at 9: 30 a.m. instead of Saturday, October 22, 2011 at 11:00 a.m. at Karachi to consider the Un-Audited financial statements for the first quarter ended September 30, 2011 and other Agenda Items.

The change in the date and time of the meeting is mad for the convenience of all Directors to attend the Board Meeting.

Closed Period of FBGF, FIGF, FSGF, FISGF and FMMF

In compliance with the provisions of regulation No. 35 (xxvi) of the Code of Corporate Governance of the Exchange, the Management has determined a “Closed Period” for trading in Units of Faysal Balanced Growth Fund, Faysal Income and Growth Fund, Faysal Savings Growth Fund, Faysal Islamic Savings Growth Fund and Faysal Money Market Fund from October 25, 2011 to October 26, 2011 (both days inclusive) during which Directors, Chief Executive Officer, Sponsor Companies and Executives of Faysal Asset Management Limited shall not deal in the Units of FBGF, FIGF, FSGF, FISGF and FMMF in any manner directly or indirectly.

Book Closure of FBGF, FIGF, FSGF, FISGF and FMMF

Please be informed that Unit Transfer Book of Faysal Balanced Growth Fund, Faysal Income and Growth Fund, Faysal Savings Growth Fund. Faysal Islamic Savings Growth Fund and Faysal Money Market Fund will remain closed from October 25, 2011 to October 26, 2011 (both days inclusive). Unit holders whose name appear in the Register at the close of the business on October 24, 2011 will be entitled to dividends (cash and/ or bonus), if any, declared by the Board in its meeting to be held on October 26, 2011 at 9:30 AM.

Transactions in units of Faysal Balanced Growth Fund, Faysal Income and Growth fund, Faysal Savings Growth Fund, Faysal Islamic Savings Growth Fund and Faysal Money Market Fund will recommence from Thursday, October 27, 2011.

For more information, contact:
Faysal Asset Management Limited
8th Floor, Tower A (801-806 and 818),
Saima Trade Tower,
I.I. Chundrigar Road, Karachi
UAN: (021) 111 329 725
Fax: (021) 2277301
Website: www.faysalfunds.com

Leave a Reply

Scroll To Top