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Print Print 2012-12-12

Mutual Funds Association of Pakistan

Mutual Funds Association has issued open-end funds daily prices for Tuesday (December 11, 2012)

Published December 12, 2012

Mutual Funds Association has issued open-end funds daily prices for Tuesday (December 11, 2012)



=============================================================================================================================================
Names Asset Manager Category Offer Repurchase Validity
of Fund Price Price (Dates)
=============================================================================================================================================
ABL AMC Capital Protected Fund ABL Asset Management Co Ltd Capital Protected 0 10.718 11-Dec-12
ABL Cash Fund ABL Asset Management Co Ltd Money Market 10.0261 10.0261 12-Dec-12
ABL Government Securities Fund-A ABL Asset Management Co Ltd Income 10.031 10.031 11-Dec-12
ABL Government Securities Fund-B ABL Asset Management Co Ltd Income 10.0269 10.0269 11-Dec-12
ABL Income Fund ABL Asset Management Co Ltd Income 10.2255 10.2255 11-Dec-12
ABL Islamic Income Fund
(Formerly: ABL Islamic Cash Fund) ABL Asset Management Co Ltd Islamic Income 10.2424 10.2424 11-Dec-12
ABL Stock Fund ABL Asset Management Co Ltd Equity 12.2376 11.8812 11-Dec-12
AKD Aggressive Income Fund
(Formerly: AKD Income Fund) AKD Investment Management Ltd Aggressive Fixed Income 48.3997 47.9204 11-Dec-12
AKD Cash Fund AKD Investment Management Ltd Money Market 50.1319 50.1319 11-Dec-12
AKD Index Tracker Fund AKD Investment Management Ltd Index Tracker 10.52 10.4 11-Dec-12
AKD Opportunity Fund AKD Investment Management Ltd Equity 47.5 46.1 10-Dec-12
Al Meezan Mutual Fund Al Meezan Investment Management Ltd Islamic Equity 12.82 12.49 11-Dec-12
KSE Meezan Index Fund Al Meezan Investment Management Ltd Islamic Index Tracker 59.71 58.18 11-Dec-12
Meezan Capital Protected Fund II Al Meezan Investment Management Ltd Islamic Capital Protected F 0 53.91 11-Dec-12
Meezan Cash Fund Al Meezan Investment Management Ltd Islamic Money Market 50.23 50.23 11-Dec-12
Meezan Islamic Fund Al Meezan Investment Management Ltd Islamic Equity 49.86 48.58 10-Dec-12
Meezan Islamic Income Fund-B Al Meezan Investment Management Ltd Islamic Income 53.39 53.08 11-Dec-12
Meezan Islamic Income Fund-C Al Meezan Investment Management Ltd Islamic Income 53.08 53.08 11-Dec-12
Meezan Sovereign Fund Al Meezan Investment Management Ltd Islamic Income 51.38 51.08 11-Dec-12
Alfalah GHP Alpha Fund Alfalah GHP Investment Management Ltd Equity 64.87 61.78 11-Dec-12
Alfalah GHP Cash Fund Alfalah GHP Investment Management Ltd Money Market 501.63 501.63 11-Dec-12
Alfalah GHP Income Multiplier Fund Alfalah GHP Investment Management Ltd Aggressive Fixed Income 49.5977 48.1531 11-Dec-12
Alfalah GHP Islamic Fund Alfalah GHP Investment Management Ltd Islamic Asset Allocation 62.65 59.67 11-Dec-12
Alfalah GHP Value Fund Alfalah GHP Investment Management Ltd Asset Allocation 58.68 55.89 11-Dec-12
AH Dow Jones SAFE Pakistan
Titans 15 Index Fund Arif Habib Investments Ltd
(A subsidiary of MCB Bank Ltd) Index Tracker 66.92 65.58 11-Dec-12
MCB Cash Management
Optimizer Fund Arif Habib Investments Ltd
(A subsidiary of MCB Bank Ltd) Money Market 102.7599 101.9892 12-Dec-12
MCB Dynamic Allocation Fund Arif Habib Investments Ltd
(A subsidiary of MCB Bank Ltd) Asset Allocation 81.0214 78.5908 10-Dec-12
MCB Dynamic Cash Fund Arif Habib Investments Ltd
(A subsidiary of MCB Bank Ltd) Income 105.0052 103.4301 11-Dec-12
MCB Dynamic Stock Fund Arif Habib Investments Ltd
(A subsidiary of MCB Bank Ltd) Equity 106.5296 103.8664 11-Dec-12
MCB Islamic Income Fund-A Arif Habib Investments Ltd
(A subsidiary of MCB Bank Ltd) Islamic Income 103.5171 101.9643 11-Dec-12
MCB Islamic Income Fund-B Arif Habib Investments Ltd
(A subsidiary of MCB Bank Ltd) Islamic Income 101.9643 100.4348 11-Dec-12
MetroBank Pakistan Sovereign
Fund (12/12) Arif Habib Investments Ltd
(A subsidiary of MCB Bank Ltd) Income 49.84 49.09 11-Dec-12
MetroBank Pakistan Sovereign
Fund (Perpetual) Arif Habib Investments Ltd
(A subsidiary of MCB Bank Ltd) Income 51.9 51.12 11-Dec-12
Pakistan Capital Market Fund Arif Habib Investments Ltd
(A subsidiary of MCB Bank Ltd) Balanced 8.6 8.43 11-Dec-12
Pakistan Cash Management Fund Arif Habib Investments Ltd
(A subsidiary of MCB Bank Ltd) Money Market 50.2568 50.2568 12-Dec-12
Pakistan Income Enhancement
Fund Arif Habib Investments Ltd
(A subsidiary of MCB Bank Ltd) Aggressive Fixed Income 51.96 51.26 11-Dec-12
Pakistan Income Fund Arif Habib Investments Ltd
(A subsidiary of MCB Bank Ltd) Income 53.34 52.62 11-Dec-12
Pakistan Int'l Element Islamic
Asset Allocation Fund (Formerly:
Pakistan Int'l Element Islamic Fund) Arif Habib Investments Ltd
(A subsidiary of MCB Bank Ltd) Islamic Asset Allocation 45.66 44.75 11-Dec-12
Pakistan Premier Fund Arif Habib Investments Ltd
(A subsidiary of MCB Bank Ltd) Equity 11.82 11.58 11-Dec-12
Pakistan Stock Market Fund Arif Habib Investments Ltd
(A subsidiary of MCB Bank Ltd) Equity 63.1 61.84 11-Dec-12
Pakistan Strategic Allocation Arif Habib Investments Ltd
(A subsidiary of MCB Bank Ltd) Equity 9.87 9.67 11-Dec-12
Askari Asset Allocation Fund-B Askari Investment Management Ltd Asset Allocation 46.9492 45.7755 11-Dec-12
Askari Asset Allocation Fund-C Askari Investment Management Ltd Asset Allocation 45.7755 44.6311 11-Dec-12
Askari Equity Fund Askari Investment Management Ltd Equity 114.397 112.1091 11-Dec-12
Askari High Yield Scheme Askari Investment Management Ltd Aggressive Fixed Income 95.3814 93.4738 10-Dec-12
Askari Islamic Asset Allocation
Fund-B Askari Investment Management Ltd Islamic Asset Allocation 117.0086 114.0834 11-Dec-12
Askari Islamic Asset
Allocation Fund-C Askari Investment Management Ltd Islamic Asset Allocation 114.0834 108.3792 11-Dec-12
Askari Islamic Income Fund-B Askari Investment Management Ltd Islamic Income 101.8254 100.8071 11-Dec-12
Askari Islamic Income Fund-C Askari Investment Management Ltd Islamic Income 100.8071 99.799 11-Dec-12
Askari Sovereign Cash Fund Askari Investment Management Ltd Money Market 100.8366 100.8366 12-Dec-12
Askari Sovereign Yield Enhancer Askari Investment Management Ltd Income 102.5685 101.2864 11-Dec-12
Atlas Income Fund Atlas Asset Management Ltd Income 520.4328 515.2834 11-Dec-12
Atlas Islamic Income Fund Atlas Asset Management Ltd Islamic Income 518.905 513.7673 11-Dec-12
Atlas Islamic Stock Fund Atlas Asset Management Ltd Islamic Equity 384.1434 374.6349 11-Dec-12
Atlas Money Market Fund Atlas Asset Management Ltd Money Market 506.0412 506.0412 11-Dec-12
Atlas Stock Market Fund Atlas Asset Management Ltd Equity 421.7172 413.4482 11-Dec-12
BMA Chundrigar Road Saving Fund BMA Asset Management Co Ltd Aggressive Fixed Income 8.1458 8.0651 11-Dec-12
BMA Empress Cash Fund BMA Asset Management Co Ltd Money Market 10.2595 10.1579 11-Dec-12
Dawood Income Fund Dawood Capital Management Ltd Income 71.2644 70.5589 11-Dec-12
Dawood Islamic Fund Dawood Capital Management Ltd Islamic Asset Allocation 93.442 92.0611 11-Dec-12
Faysal Asset Allocation Fund Faysal Asset Management Ltd Asset Allocation 68.8 68.8 11-Dec-12
Faysal Balanced Growth Fund Faysal Asset Management Ltd Balanced 63.05 63.05 11-Dec-12
Faysal Income & Growth Fund Faysal Asset Management Ltd Aggressive Fixed Income 106.52 106.52 11-Dec-12
Faysal Islamic Savings Growth Fund Faysal Asset Management Ltd Islamic Income 103.02 103.02 11-Dec-12
Faysal Money Market Fund Faysal Asset Management Ltd Money Market 102.5 102.5 12-Dec-12
Faysal Savings Growth Fund Faysal Asset Management Ltd Income 102.75 102.75 11-Dec-12
First Habib Cash Fund Habib Asset Management Ltd Money Market 100.4573 100.4573 11-Dec-12
First Habib Income Fund Habib Asset Management Ltd Income 100.3787 100.3787 11-Dec-12
First Habib Islamic Balanced Fund Habib Asset Management Ltd Islamic Balanced Fund 100.6646 100.6646 11-Dec-12
First Habib Stock Fund Habib Asset Management Ltd Equity 111.6333 111.6333 11-Dec-12
HBL Income Fund HBL Asset Management Ltd Income 101.61 101.61 10-Dec-12
HBL Islamic Money Market Fund HBL Asset Management Ltd Islamic Money Market 100.4825 100.4825 10-Dec-12
HBL Islamic Stock Fund HBL Asset Management Ltd Islamic Equity 125.8459 123.3783 10-Dec-12
HBL Money Market Fund HBL Asset Management Ltd Money Market 100.7377 100.7377 10-Dec-12
HBL Multi Asset Fund HBL Asset Management Ltd Balanced 98.6913 96.7562 10-Dec-12
HBL Stock Fund HBL Asset Management Ltd Equity 111.1316 108.4211 10-Dec-12
IGI Aggressive Income Fund
(Formerly:POBOP Advantage Plus) IGI Funds Ltd Aggressive Fixed Income 43.8251 43.3912 11-Dec-12
IGI Capital Protected Fund IGI Funds Ltd Capital Protected 107.394 100.0238 11-Dec-12
IGI Income Fund IGI Funds Ltd Income 103.6717 102.6452 11-Dec-12
IGI Islamic Income Fund IGI Funds Ltd Islamic Income 103.0808 102.0602 11-Dec-12
IGI Money Market Fund IGI Funds Ltd Money Market 101.8697 100.8611 11-Dec-12
IGI Stock Fund IGI Funds Ltd Equity 125.9731 122.9006 11-Dec-12
JS Aggressive Asset Allocation JS Investments Ltd Asset Allocation 12.5 12.13 11-Dec-12
JS Aggressive Income Fund JS Investments Ltd Aggressive Fixed Income 105.61 104.56 11-Dec-12
JS Cash Fund JS Investments Ltd Money Market 105.24 104.19 12-Dec-12
JS Fund of Funds JS Investments Ltd Fund of Funds 92.86 90.15 10-Dec-12
JS Income Fund JS Investments Ltd Income 90.01 89.11 11-Dec-12
JS Islamic Fund JS Investments Ltd Islamic Equity 56.7 55.04 11-Dec-12
JS KSE 30 Index Fund JS Investments Ltd Index Tracker 20.93 20.51 11-Dec-12
JS Large Cap Fund - A JS Investments Ltd Equity 72.04 69.94 11-Dec-12
JS Large Cap Fund - B JS Investments Ltd Equity 0 58.74 11-Dec-12
Unit Trust of Pakistan JS Investments Ltd Balanced 121.33 117.79 11-Dec-12
Crosby Dragon Fund KASB Funds Ltd Equity 92.53 90.7 10-Dec-12
KASB Asset Allocation Fund KASB Funds Ltd Asset Allocation 43.15 42.28 10-Dec-12
KASB Cash Fund KASB Funds Ltd Money Market 103.8511 102.8125 11-Dec-12
KASB Income Opportunity Fund KASB Funds Ltd Aggressive Fixed Income 71.5265 71.5265 10-Dec-12
KASB Income Opportunity Fund
with Contingent Back End Load KASB Funds Ltd Aggressive Fixed Income 71.5265 71.5865 10-Dec-12
KASB Islamic Income
Opportunity Fund KASB Funds Ltd Islamic Aggressive 104.3477 103.3042 10-Dec-12
Lakson Asset Allocation Fixed Income
Developed Markets Fund Lakson Investments Ltd Asset Allocation 107.7207 105.0933 10-Dec-12
Lakson Asset Allocation
Emerging Markets Fund Lakson Investments Ltd Asset Allocation 108.2029 105.5638 10-Dec-12
Lakson Asset Allocation Global
Commodities Fund Lakson Investments Ltd Asset Allocation 106.9924 104.3828 10-Dec-12
Lakson Equity Fund Lakson Investments Ltd Equity 120.6049 117.0921 11-Dec-12
Lakson Income Fund Lakson Investments Ltd Income 102.3221 100.8099 11-Dec-12
Lakson Money Market Fund Lakson Investments Ltd Money Market 100.4004 100.4004 12-Dec-12
NAMCO Income Fund National Asset Management Co Ltd Income 102.3017 102.3017 7-Dec-12
National Investment Unit Trust National Investment Trust Ltd Equity 34.25 33.21 11-Dec-12
NIT âˆ' Government Bond Fund National Investment Trust Ltd Income 10.5741 10.4694 11-Dec-12
NIT âˆ' Income Fund National Investment Trust Ltd Income 10.9209 10.8128 11-Dec-12
NAFA Asset Allocation Fund NBP Fullerton Asset Management Ltd Asset Allocation 11.5454 11.319 11-Dec-12
NAFA Financial Sector Income Fund NBP Fullerton Asset Management Ltd Income 10.3801 10.2773 11-Dec-12
NAFA Government Securities
Liquid Fund NBP Fullerton Asset Management Ltd Money Market 10.0743 10.0743 11-Dec-12
NAFA Income Fund NBP Fullerton Asset Management Ltd Income 9.477 9.3832 11-Dec-12
NAFA Income Opportunity Fund
(Formerly: NAFA Cash Fund) NBP Fullerton Asset Management Ltd Income 9.7046 9.7046 11-Dec-12
NAFA Islamic Aggressive Income
Fund (Formerly: NAFA
Islamic Income Fund) NBP Fullerton Asset Management Ltd Islamic Aggressive 8.7424 8.6558 11-Dec-12
Fixed Income
NAFA Islamic Multi Asset Fund NBP Fullerton Asset Management Ltd Islamic Balanced Fund 11.7396 11.3977 11-Dec-12
NAFA Money Market Fund NBP Fullerton Asset Management Ltd Money Market 10.1096 10.0593 11-Dec-12
NAFA Multi Asset Fund NBP Fullerton Asset Management Ltd Balanced 11.7784 11.4353 11-Dec-12
NAFA Riba Free Savings Fund NBP Fullerton Asset Management Ltd Islamic Income 10.1553 10.1048 11-Dec-12
NAFA Saving Plus Fund NBP Fullerton Asset Management Ltd Income 10.114 10.0637 11-Dec-12
NAFA Stock Fund NBP Fullerton Asset Management Ltd Equity 9.1649 8.898 11-Dec-12
Pak Oman Advantage Asset
Allocation Fund (Formerly: Pak
Oman Advantage Stock Fund) Pak Oman Asset Management Co Ltd Asset Allocation 57.22 55.79 11-Dec-12
Pak Oman Advantage
Islamic Income Fund Pak Oman Asset Management Co Ltd Islamic Income 52.956 52.4264 11-Dec-12
Pak Oman Government
Securities Fund Pak Oman Asset Management Co Ltd Income 10.2553 10.2553 11-Dec-12
Pak Oman Islamic Asset
Allocation Fund (Formerly: Pak
Oman Advantage Islamic Fund) Pak Oman Asset Management Co Ltd Islamic Asset Allocation 56.89 55.47 11-Dec-12
PICIC Cash Fund-C PICIC Asset Management Co Ltd Money Market 100.7576 100.7576 12-Dec-12
PICIC Cash Fund-D PICIC Asset Management Co Ltd Money Market 101.7652 100.7576 12-Dec-12
PICIC Income Fund PICIC Asset Management Co Ltd Income 102.8156 102.8156 11-Dec-12
PICIC Stock Fund PICIC Asset Management Co Ltd Equity 120.1806 116.6802 11-Dec-12
Primus Cash Fund Primus Investment Management Ltd Money Market 101.76 101.76 11-Dec-12
UBL Government Securities Fund UBL Fund Managers Ltd Income 102.4212 101.2467 10-Dec-12
UBL Islamic Cash Fund UBL Fund Managers Ltd Islamic Money Market 101.6813 101.6813 11-Dec-12
UBL Islamic Sovereign Fund
(Formerly: UBL Islamic
Savings Fund)-C UBL Fund Managers Ltd Islamic Income 101.8298 100.6621 11-Dec-12
UBL Liquidity Plus Fund-C UBL Fund Managers Ltd Money Market 100.7519 100.7519 11-Dec-12
UBL Principal Protected Fund I UBL Fund Managers Ltd Fund of Funds 117.03 111.18 10-Dec-12
UBL Savings Income Fund UBL Fund Managers Ltd Income 102.2043 101.0323 10-Dec-12
UBL Shariah Stock Fund
(Formerly: United Composite
Islamic Fund) UBL Fund Managers Ltd Islamic Equity 87.41 84.95 10-Dec-12
United Growth &
Income Fund--Growth UBL Fund Managers Ltd Aggressive Fixed Income 77.7075 77.7075 11-Dec-12
United Growth &
Income Fund--Income UBL Fund Managers Ltd Aggressive Fixed Income 79.0596 77.7075 11-Dec-12
United Islamic Income
Fund--Growth UBL Fund Managers Ltd Islamic Aggressive 93.53 93.53 10-Dec-12
United Islamic Income Fixed Income
Fund--Income UBL Fund Managers Ltd Islamic Aggressive 94.61 93.53 10-Dec-12
Fixed Income
United Stock Advantage Fund UBL Fund Managers Ltd Equity 41.82 40.64 11-Dec-12
=============================================================================================================================================

PENSION FUNDS (OPEN-END FUNDS):



=============================================================================================================================================
Name of Funds Asset Manager Net Asset Validity
Value (Dates)
=============================================================================================================================================
Meezan Tahaffuz Pension Fund-Debt Al Meezan Investment
Management Ltd 164.21 11-Dec-12
Meezan Tahaffuz Pension Fund-Equity Al Meezan Investment
Management Ltd 190.49 11-Dec-12
Meezan Tahaffuz Pension Al Meezan Investment
Fund-Money Market Management Ltd 164.88 11-Dec-12
Pakistan Islamic Pension Fund-Debt Arif Habib Investments Ltd
(A subsidiary of MCB Bank Ltd) 152.18 11-Dec-12
Pakistan Islamic Pension Fund-Equity Arif Habib Investments Ltd
(A subsidiary of MCB Bank Ltd) 160.68 11-Dec-12
Pakistan Islamic Pension Arif Habib Investments Ltd
Fund-Money Market (A subsidiary of MCB Bank Ltd) 141.46 11-Dec-12
Pakistan Pension Fund-Debt Arif Habib Investments Ltd
(A subsidiary of MCB Bank Ltd) 156.41 11-Dec-12
Pakistan Pension Fund-Equity Arif Habib Investments Ltd
(A subsidiary of MCB Bank Ltd) 146.27 11-Dec-12
Pakistan Pension Fund-Money Market Arif Habib Investments Ltd
(A subsidiary of MCB Bank Ltd) 161.41 11-Dec-12
Atlas Pension Fund-Debt Atlas Asset Management Ltd 160.9072 11-Dec-12
Atlas Pension Fund-Equity Atlas Asset Management Ltd 182.8227 11-Dec-12
Atlas Pension Fund-Money Market Atlas Asset Management Ltd 164.2204 11-Dec-12
Atlas Pension Islamic Fund-Debt Atlas Asset Management Ltd 150.7286 11-Dec-12
Atlas Pension Islamic Fund-Equity Atlas Asset Management Ltd 252.9358 11-Dec-12
Atlas Pension Islamic Fund-Money Market Atlas Asset Management Ltd 159.224 11-Dec-12
HBL Islamic Pension Fund-Debt HBL Asset Management Ltd 109.9281 10-Dec-12
HBL Islamic Pension Fund-Equity HBL Asset Management Ltd 141.5631 10-Dec-12
HBL Islamic Pension Fund-Money Market HBL Asset Management Ltd 109.0108 10-Dec-12
HBL Pension Fund-Debt HBL Asset Management Ltd 109.91 10-Dec-12
HBL Pension Fund-Equity HBL Asset Management Ltd 141.8387 10-Dec-12
HBL Pension Fund-Money Market HBL Asset Management Ltd 108.9468 10-Dec-12
JS Islamic Pension Savings Fund-Debt JS Investments Ltd 156.86 11-Dec-12
JS Islamic Pension Savings Fund-Equity JS Investments Ltd 204.52 11-Dec-12
JS Islamic Pension Savings Fund-Money Market JS Investments Ltd 138.82 11-Dec-12
JS Pension Savings Fund-Debt JS Investments Ltd 175.05 11-Dec-12
JS Pension Savings Fund-Equity JS Investments Ltd 136.18 11-Dec-12
JS Pension Savings Fund-Money Market JS Investments Ltd 139.17 11-Dec-12
UBL Islamic Retirement Saving Fund-Debt UBL Fund Managers Ltd 125.05 11-Dec-12
UBL Islamic Retirement Saving Fund-Equity UBL Fund Managers Ltd 177.5 11-Dec-12
UBL Islamic Retirement Saving Fund-Money Market UBL Fund Managers Ltd 121.99 11-Dec-12
UBL Retirement Saving Fund-Debt UBL Fund Managers Ltd 130.47 11-Dec-12
UBL Retirement Saving Fund-Equity UBL Fund Managers Ltd 176.31 11-Dec-12
UBL Retirement Saving Fund-Money Market UBL Fund Managers Ltd 128.52 11-Dec-12
=============================================================================================================================================

CLOSED-END FUND NAVs:



=============================================================================================================================================
Names of Fund Investment Advisor Category NAVs Validity
(Dates)
=============================================================================================================================================
Golden Arrow Selected Stock Fund AKD Investment Management Ltd Equity 8.41 11-Dec-12
Meezan Balanced Fund Al Meezan Investment Management Ltd Islamic Balanced Fund 12.36 11-Dec-12
Atlas Fund of Funds Atlas Asset Management Ltd Fund of Funds 10.7105 11-Dec-12
First Dawood Mutual Fund Dawood Capital Management Ltd Balanced 9.82 11-Dec-12
First Capital Mutual Fund First Capital Investments Ltd Equity 9.43 11-Dec-12
JS Growth Fund JS Investments Ltd Equity 12.13 11-Dec-12
JS Value Fund Ltd JS Investments Ltd Equity 12.85 11-Dec-12
NAMCO Balanced Fund National Asset Management Co Ltd Balanced 7.8868 10-Dec-12
Pak Oman Advantage Fund Pak Oman Asset Management Co Ltd Income 10.88 11-Dec-12
PICIC Energy Fund PICIC Asset Management Co Ltd Equity 10.84 11-Dec-12
PICIC Growth Fund PICIC Asset Management Co Ltd Equity 27.34 11-Dec-12
PICIC Investment Fund PICIC Asset Management Co Ltd Equity 12.54 11-Dec-12
Asian Stocks Fund Safeway Fund Ltd Equity 9.27 11-Dec-12
Safeway Mutual Fund Safeway Fund Ltd Equity 15.9 11-Dec-12
=============================================================================================================================================

* = (A subsidiary of MCB Bank Limited)
1. Ex - Bonus Prices.
2. Ex Dividend Prices.
3. Back end load will apply where applicable, as per the offering document.
4. After adjusting Back-end load of 4% (Offering Document clause 7.5).
5. After adjusting Back-end load of 3% (Offering Document clause 7.5).
6. After adjusting Back-end load of 5% (Offering Document clause 5.7).
Copyright Business Recorder, 2012

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