Pakistan’s largest private sector mutual fund, the ABAMCO Composite Fund already started formulating and strategizing the deployment of the its assets.
The Fund is looking to acquire a 10% stake in 3 companies, which will give it representation on the company’s respective boards of directors. Negotiations are already underway with these companies. The names of these companies have not yet been revealed.
ABAMCO Composite Fund is Pakistan’s largest private sector mutual fund sized at Rs. 3 billion and its staggering Rs. 1 billion IPO commenced yesterday with overwhelming response from all across the country.
Imtiaz Noor Mohammad
Assistant Manager – Media & Publications
