The Karachi Stock Exchange Limited’s revocation of First Dawood Mutual Fund (FDMF) and Dawood Islamic Fund (DIF)
Karachi, March 28, 2013 (PPI-OT): This is in reference to your Letter no.CDC/T and C-S II/DH/0126/2013 CDC/T and C-S II/DH/0127/2013 dated March 26, 2013, consequent to SECP directive # SCD-SD (Enf.)/KHI/DCML2013/061 dated March 22, 2013.
We have here by blocked the UIN of all three funds under Dawood Capital Management Limited i.e. Dawood Income Fund, Dawood Islamic Fund and First Dawood Mutual Fund. Further we have also blocked the affirming rights of First Dawood Mutual Fund and Dawood Islamic Fund.
We are reviewing the process for the transfer of affirming rights in CDC’s favor and we shall be notifying the required formalities shortly.
For more information, contact:
The Karachi Stock Exchange Limited
Tel: (92-21) 111-001122
Fax: (92-21) 3241 0825, (92-21) 3241 5136