Faysal Funds has grown by leaps and bounds – crossed 100 billion AUMs mark

BusinessFaysal Funds has grown by leaps and bounds – crossed 100 billion...

KARACHI, Pakistan: The investment solutions provider – Faysal Funds – has recorded over a 1,000 percent growth in just four years, a milestone driven by its ability to deliver structured and customized professional investment solutions to its domestic and international clientele.

The Faysal Funds is a subsidiary of the Faysal Bank Limited (FBL) that holds 99.99 percent of its shares and was incorporated in Pakistan under the Companies Ordinance 1984 on August 6, 2003 to carry out asset management and investment advisory services.

   

In the last four years from December 2018 to November 2022, the Company’s assets have grown to over 1,000 percent from 7.5 billion to 100 billion.

Expressing his pleasure over the achievement, the Chief Executive Officer (CEO) of Faysal Funds Khaldoon Bin Latif remarked “I am pleased to see the way Faysal Funds continues to shape up and move forward. Serving our customers is in our DNA and this unprecedented growth is a key indicator of customer’s confidence and financial stability and reaffirms our commitment to offer great value to our customers”.

“It is the trust and patronage of our valued investors and shareholders that has enabled us to scale so rapidly despite of challenging market situations. Staying true to our vision of serving the wide-ranging needs of our customers, we continue to progress and serve the society at large,” Khaldoon Bin Latif further said.

Faysal Funds (Faysal Asset Management Limited), a subsidiary of Faysal Bank Limited (FBL), is an Investment Manager that delivers structured and customized professional investment solutions to its domestic and international clientele. Faysal Funds is licensed by SECP to carry out five (5) businesses i.e. asset management, investment advisory, pension funds management, private funds management and REIT management.

Mati
Mati
Mati-Ullah is the Online Editor For DND. He is the real man to handle the team around the Country and get news from them and provide to you instantly.

Must read

Recent News

Chairman CIDC Ambassador Luo Zhaohui conferred on Hilal-i-Quaid-i-Azam award

0
BEJING, China: On behalf of the President of Pakistan, Ambassador Khalil Hashmi conferred the civil award “Hilal-i -Quaid-i-Azam” on the Chairman of the China...

Interbank Dollar Rate Today in Pakistan – 16 April 2024

0
Interbank Exchange Rates in Pakistan The Interbank Closing Exchange Rate in Pakistan has been issued by the State Bank of Pakistan (SBP) for April 16,...

Khawaja Asif expresses desire to enhance defence relations with Azerbaijan

0
ISLAMABAD, Pakistan: The Ambassador of Azerbaijan Khazar Farhadov called on the Minister for Defence Khawaja Muhammad Asif in Islamabad on Tuesday.The federal minister welcomed...

Minister directs to ensure availability of urea and DAP fertilizer to farmers

0
ISLAMABAD, Pakistan: A review meeting of the Fertilizer Review Committee was held under the Chairmanship of the Federal Minister for M/o Industries & Production...

PM Shahbaz Sharif urges to expedite first phase of Saudi investments in Pakistan

0
ISLAMABAD, Pakistan: The Saudi Foreign Minister Prince Faisal bin Farhan Al Saud, who is leading a high-powered delegation on an official visit to Pakistan,...
Advertisement