STATUS OF REVOKED FUNDS

We at Pak Oman Asset Management Limited, strive towards providing quality services to all our investors. We thank our investors for their trust and patience during the process of revocation of Askari Equity Fund, Askari Islamic Asset Allocation Fund & Askari Islamic Income Fund.

Updated status of the funds are as below:

Fund NameRevoked DateTrusteeStatus
Askari Equity Fund11th October, 2019CDCPartial payment made by CDC to investors in January, 2020
Askari Islamic Asset Allocation Fund24th October, 201924th October, 2019 MCBFSLAll assets of the fund settled by MCBFSL in January, 2020 and payment to be made after audit.
Askari Islamic Income Fund24th October, 2019MCBFSLAll assets of the fund settled by MCBFSL in February, 2020 and payment to be made after audit.