LAHORE, Dec 11: Caretaker Federal Finance Minister Dr Salman Shah has said that the economy had shown resilience and there had been no disruption in it due to political upheaval.
- BMA Funds in collaboration with Standard Chartered Bank (Pakistan) Limited
launched
- BMA Chundrigar Road Savings Fund (BCSF) on August 20, 2007
The BCSF has crossed Rs.1 billion in assets under management within 14 days of
IPO
Karachi, 16 September 2007:
The BMA Chundrigar Road Savings Fund (BCSF), which was launched
by BMA Funds and Standard Chartered Bank (Pakistan) Limited as a
co-branded open-end money market fund on August 20, 2007, has
grown into acquiring Rs.1 billion in assets under management
within 14 days of launch. This remarkable growth not only shows
investors’ confidence in BMA and its financial products but also
endorses the strength and synergies created by BMA – Standard
Chartered partnership.
The
BMA Chundrigar Road Savings Fund
is named after the financial hub of Pakistan, I. I. Chundrigar Road, and its
goal is to:
·
Invest
in short-term money market instruments while maintaining the aggregate
investment duration to less than one year.
·
Invest
in Pakistan’s money market to provide investors with liquidity i.e. easy
access to cash.
·
Generate attractive returns which are consistently above 1-month KIBOR and
to be amongst the top money market funds in Pakistan.
·
Provide
security of investing in a diversified portfolio of high quality investments
The
BCSF is being exclusively distributed through all branches of Standard
Chartered Bank in 22 cities, and 8 branches of BMA in 5 cities across
Pakistan.
“BMA
Funds continually strives to offer our investors the kind of products that
are in demand in the market, which may or may not yet already exist. Thus
innovation, along with integrity in all our endeavours, is the cornerstone
of BMA Funds’ philosophy”, said Mr. Muddassar M. Malik, CEO of BMA Funds, at
the launch of the BCSF. “BMA plans to continue the tradition of integrity
and innovation with the launch of more mutual funds in the coming year”, he
added.
For more info, please contact BMA Investor Relations at 021-111-262-111 x
2145
Pakistan’s Premier Investment
Firm, BMA Capital has launched its latest research product, BMA Today, online
at the website www.bmatoday.com. BMA Today combines high quality and timely
research, with cutting edge technology, putting BMA’s highly regarded research
at your fingertips. BMA Today will be delivered to all BMA Clients’ email
inboxes by 9.30 a.m. every working day
from 16 August 2007
BMA
Today has been developed as part of our continuous effort to add value and
provide the finest in investment services to our clients. The innovative and
easy to navigate design will facilitate our clients’ investment decisions by
enhancing their access to quality research on Pakistan. We encourage new
visitors to browse www.bmatoday.com as for a limited period BMA has allowed
public access to our proprietary research which is normally exclusive for BMA
Clients only.
Mr. Farrukh Khan, CEO of BMA Capital, said on the occasion: “Research forms the
core of BMA’s work. It is our belief that research, underpinned by rigorous
analysis, is fundamental to good investment decision making. We have a highly
capable and experienced research team which covers Pakistan’s economy, politics,
all key sectors and listed corporates. We meet regularly with corporates and
government officials to develop an in-depth understanding of economic, market
and sector-related issues.” For more info please contact BMA Investor Relations
at 021-111-262-111 x 2145,
info@bmacapital.com, or visit
www.bmacapital.com
SME Bank sell-off: BMA Capital made adviser to PC - Business Recorder
KARACHI (June 17 2007): Pakistan’s Premier Investment Group, BMA Capital, has been appointed Financial Advisor to the Privatisation Commission, Government of Pakistan, for the strategic sale of shares of SME Bank Limited. Following the successful US$811 million GDR issue and second domestic offering of OGDCL, the privatisation of SME Bank is another landmark transaction that BMA Capital has been awarded, and highlights BMA Capital’s expertise and credentials as the leading advisor on privatisation in the country. To date, BMA Capital has advised on over 50% of all privatisation transactions, either on the buy or sell side, amounting in value to over US$4 billion.
BMA’s appointment to the SME Bank privatisation is another significant feather in BMA’s cap of landmark transactions which BMA Capital has advised or Lead Managed in the past, including the strategic sale of Pakistan Telecommunication Company Limited (PTCL) to Etisalat in 2006, the PTCL GDR offering of US$898 million in 1998, which was the largest capital market transaction in Pakistan’s history, and the strategic sale of shares of Bankers Equity in 1996. In completing the strategic stake sale of SME Bank, BMA Capital will draw on its long and deep experience in the banking sector, its extensive network of relationships with local and foreign investors, and its demonstrated ability to execute big-ticket transactions. BMA Capital looks forward to a successful conclusion to the SME Bank sale, and hopes to continue to play a leading role in Pakistan’s financial market.
BMA Director, Muddassar Malik, interviews Pakistan's Prime Minister Shaukat Aziz.
Mr. Malik, who is also the Chief Executive of BMA Asset Management, was the moderator in a live Q&A session held at the Prime Minister's Secretariat. In addition to a live studio audience consisting of over 200 captains of Pakistani industry, Federal Ministers, and diplomats,
BMA’s JV partner firm, Abraaj
Capital closes Middle East’s largest ever Private Equity fund
Dubai, 19 December: BMA Capital’s joint venture partner, Abraaj
Capital, which is the largest private equity firm in the Middle East,
North Africa and South Asia region announced today the final closing of
its $500 million second Buyout Fund (ABOF II), the largest fund ever to
be raised in the Middle East.