Financial results of First Dawood Mutual Funds for period ended March 31, 2016

Karachi, Dawood Capital Management Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on July 27, 2016.

The agenda of the meeting was discussion of profit and loss account for nine months and quarter ended March 31, 2016 which portrayed a loss of Rs. 25,944,951 and Rs. 39,054,171 respectively.

Further, nil payment of cash dividend, bonus shares and right shares was agreed.

First Dawood Mutual Fund is a mutual fund established under the Non-Banking Finance Companies (Establishment and Regulation) Rules 2003 (NBFC Rules). Formation of the Fund as closed end fund was authorized by Securities and Exchange Commission of Pakistan on January 28, 2005. It has been established under Trust Deed, dated December 8, 2004 between Dawood Capital Management Limited as the Management Company, a listed company incorporated under the Companies Ordinance, 1984. Pakistan and Central Depository Company of Pakistan Limited, as the Trustee, a public limited company incorporated under the Companies Ordinance, 1984 duly approved by SECP. The certificates of the Fund were offered for public subscription from March 21, 2005 to March 22, 2005. The Fund started investing activities from February 25, 2005. The stocks of the funds are listed on Karachi Stock Exchange of Pakistan. The registered office of the company is situated at Karachi.

The symbol “FDMF” is being used by the stock exchange for the shares of First Dawood Mutual Funds.