Al Meezan Investment Management Ltd. (Al Meezan) has announced interim payouts of Rs.3,566 million for its unit holders in nine open-end funds last week. This makes total distribution of Rs. 5,250 for 11 months of the current financial year ending June 30, 2014 after incorporating interim payouts of Rs.1,684 million made earlier during the year. Total assets under management of Al Meezan grew from Rs. 45.38 billion to Rs. 54.5 billion, depicting a remarkable growth of 20.09% from FY 2013 to date. Mr. Mohammad Shoaib, CFA, CEO of Al Meezan thanked the investors for reposing their trust and confidence in the fund management capabilities of Al Meezan team and, making it the leading asset management company in the private sector.