Dawood Capital Management Limited’s open-end Dawood Islamic Fund (DIF) distribution for the year ended June 30, 2012

Karachi, July 06, 2012 (PPI-OT): We are pleased to inform you that the Board of Directors of Dawood Capital Management Limited (DCM), the Management Company of Dawood Islamic Fund (DIF) in their meeting held on July 06, 2012 has approved the following distribution out of net income earned for the financial year ended June 30, 2012:

(i) Cash Dividend: Nil

And/ Or

(ii) Bonus Dividend Nil

And/ Or

(iii) Right Shares  Nil

And/ Or

(iv) Any Other Entitlement/Corporate Action Nil

And/ Or

(v) Any Other Price-Sensitive Information Nil

The Net Income Statement certified by auditors is enclosed.

Dawood Islamic Fund Income Statement for the Year Ended 30 June 2012

(Rupees)
Income
Profit on
-Sukuks

28,218,815

- Bank balances

7,743,589

Capital gain on sale of securities – net

660,895

Dividend income

1,552,500

Unrealised loss on revaluation of investments
at fair value through profit and loss – net

(8,574,936)

Impairment charged in the value of investments
classified as available for sale

(38,109,928)

———-

(6,609,065)

Expenses
Remuneration of the Management Company
- Dawood Capital Management Limited

4,795,145

Sales tax on management fee

767,223

Remuneration of the Trustee

700,993

Annual fee of Securities and Exchange Commission of Pakistan

303,692

Securities transactions costs

293,748

Auditors’ remuneration

435,000

Amortization of preliminary expenses and floatation cost

500,000

Fees and subscription

416,467

Printing charges

88,200

Bank charges

14,640

Charity

217,712

———-

8,532,810

———-

Net loss from operating activities

(15,041,875)

Element of loss and capital loss included in prices of units sold less
those in units redeemed – net

(5,085,874)

———-

Net loss for the year

(20,127,749)

Note:

This statement has been prepared in accordance with the accounting policies of the Fund as applicable for the year ended 30 June 2012.

For more information, contact:
Dawood Capital Management Limited
5B Lakson Square Building # 1,
Sarwar Shaheed Road,
Karachi 74200 Pakistan
UAN: 111-DAWOOD (111-329-663)
Tel: (92-21) 3562-1001-06
Fax: (92-21) 3562-1010
URL: www.edawood.com
E-mail: dcm@edawood.com