KARACHI: Al Meezan Investment Management and Samba Bank Limited marked the beginning of a new business partnership by signing distribution agreement.
Samba Bank is a subsidiary of Samba Financial Group, Saudi Arabia. Al Meezan Investments is Pakistan’s largest private sector Asset Management Company.
The signing ceremony was held at Samba Bank Head Office Karachi in the presence of senior officials from both organizations including Mr. Mohammad Shoaib, CFA (Chief Executive Al Meezan) and Mr. Shahid Sattar (CEO & President Samba Bank).
Speaking at the occasion, Mr. Mohammad Shoaib said “It gives an immense pleasure to have Samba Bank on board as distribution partner for our Meezan Family of Funds. We look forward to expand our reach through the wide distribution network of Samba Bank across the country. Through this relationship, we also intend to offer our investment solutions to the bank customers and help them in achieving their financial goals in a Shariah compliant manner.”
With a solid track spanning over 20 years, Al Meezan is one of the pioneers in private sector mutual funds in Pakistan. It is the largest asset management company in private sector in Pakistan currently managing assets of Rs.71.57 Billion (as on December 31, 2015). Al Meezan is a group company of Meezan Bank Limited and Pakistan Kuwait Investment Company Private Limited. Al Meezan offers a complete range of portfolio of Shariah Compliant investment solutions to meet varying investor requirements and has nationwide presence through 12 branch offices and MBL branches across Pakistan to meet the varying investment needs of its investors which exceed 38,000 clients.
For more details, visit Al Meezan’s website: www.almeezangroup.com