Financial results of Dawood Capital Management Limited for quarter ended September 30, 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 October 28, 2016.
The agenda of the meeting was discussion of profit and loss account for quarter ended September 30, 2016 which portrayed a profit of Rs. 33,360,396 with earnings per share 2.23 basic and diluted respectively.
Further, nil payment of cash dividend, bonus shares and right shares was agreed.
Furthermore, the share transfer books of the company will remain closed from November 24, 2016 to November 30, 2016 (both days inclusive).
Dawood Capital Management Limited was incorporated in Pakistan on September 18, 1990 as a public limited Company. The Company is re-registered as a Non Banking Finance Company under the Non Banking Finance Companies (Establishment and Regulation) Rules, 2003 (the NBFC Rules). The Company has obtained the licenses to carry out investment advisory services and asset management services under the NBFC Rules and the Non Banking Finance Companies and Notified Entities Regulations, 2008 (the NBFC Regulations). The stocks of the company are quoted on the Karachi Stock Exchange of Pakistan. The registered office of the company is located at Karachi.
The company has floated the following open end funds namely Dawood Income Fund and Dawood Islamic Fund. The company has also floated a closed end fund, First Dawood Mutual Fund. During the year the licenses of the company have been renewed for Asset Management Services and Investment Advisory Services vide approval dated October 27, 2011, effective from May 27, 2010 and May 26, 2010, respectively, valid for a period of three years.
The symbol “DCM” is being used by the stock exchanges for the shares of Dawood Capital Management Limited.