CHANGE IN MANAGEMENT FEE AND ALLOCATED EXPENSES - Al Meezan Investment Management Limited
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CHANGE IN MANAGEMENT FEE AND ALLOCATED EXPENSES

June 1, 2021

Unit holders of Meezan Rozana Amdani Fund (“MRAF”) under Management of Al Meezan Investment Management Limited (Al Meezan) are informed that, effective June 1, 2021, Management Fee and Allocated Expense in MRAF will be accrued as per below mentioned schedule

Fund Management Fee* Allocated Expense
Meezan Rozana Amdani Fund (“MRAF”) 0.20% 0.00%

* As per constitutive document, following is the allowed limit of charging Management fee in MRAF;

* MRAF   Up to 3.5% of gross earnings.