Changes in Offering Document (OD) of AL Habib Cash Fund, AL Habib Money Market Fund and AL Habib Islamic Cash Fund.
Dear Unit Holders,
In order to enhance and promote the capital markets the Securities and Exchange Commission of Pakistan (SECP) through its Directive No. 17 of 2023, has granted approval for Money Market Funds to invest in Government Debt Securities with a maturity exceeding six months and up to one year. This permission extends for a twelve-month period from the issuance date of the directive, which is December 6, 2023. Consequently, unit holders are hereby informed that the Offering Document (OD) of AL Habib Cash Fund, AL Habib Money Market Fund and AL Habib Islamic Cash Fund has been changed.
Regards,
AL Habib Asset Management Limited.