ABL Asset Management Company Limited (“ABL Funds” or the “AMC”) was established in October 2007 as a public unlisted Company.

The AMC is licensed by the SECP as an Asset Management Company and Investment Adviser under the Non-Banking Finance Company Regulations, and operates its Head Office from Lahore.

The Assets Under Management (AUMs) of ABL Funds have experienced a ~31% growth since June 2024, elevating its market share to ~7.0% as of Jun'25.

ABL Funds provides investment solutions for both conventional and Islamic markets. As of June 2025, the AMC managed eighteen open-end funds and acted as an investment advisor for sixty-eight clients, offering a well-structured portfolio. The retention of discretionary portfolio clients further strengthens customer service quality and contributes to long-term value creation.

The top 10 investor concentration stood at 55% at end of Jun'25 and the average related party holding represents 14% of total AUMs.

Allied Bank Limited (the "Bank" or "ABL") holds 100% of the ownership stake in ABL Funds. ABL is a listed scheduled bank engaged in commercial banking and related services.

The sponsors hold strong entrepreneurship skills and business acumen. They have held diverse interests in various sectors, including finance, information technology, credit, leasing, investment banking, corporate finance, and consultancy for many years.

The Bank holds AAA/A+ ratings from PACRA. With over 75 years of operations, the Bank has established a strong foundation with robust equity, assets, and a solid deposit base. As of the end of June 2025, the Bank's deposits totaled PKR 2,246bln, while its equity stood at PKR 247bln.

The AMC's board is composed of eight members, including the CEO. It includes one executive director, five non-executive directors, and two independent directors.

The Chairperson, Mr. Sheikh Mukhtar Ahmed (late), a seasoned Non-Executive Director with over 56 years of experience in banking and finance, has successfully established and managed various industrial and financial companies, and had been associated with the Board for more than 17 years. Mr. Muhammad Waseem Mukhtar, a Non-Executive Director, brings over 26 years of diversified experience in finance, IT, and industry. He holds degrees from the University of Chicago and UK institutions, is a Certified Director from PICG, and has been associated with the Board for more than 14 years, serving on key committees including BHRC, BSPMC, and BAC. Mr. Mohammad Naeem Mukhtar, a Non-Executive Director with over 28 years of experience in finance and industry, has been associated with the Board for more than 17 years. Mr. Pervaiz Iqbal Butt, an Independent Director with over 31 years of experience in marine engineering and heavy industries, has been associated with the Board for more than 7 years. Mr. Kamran Nishat, an Independent Director with over 40 years of diversified experience across automotive, textiles, leather, distribution, and consulting sectors, has been associated with the Board for more than 1.5 years. Mr. Aizid Razzaq Gill, a Non-Executive Director with over 25 years of experience in financial management, risk analysis, and portfolio management, has been associated with the Board for more than 6 years. Ms. Saira Shahid Hussain, a Non-Executive Director with over 26 years of diversified experience in human resources across national and international organizations, has been associated with the Board for more than 3 years.

There are four committees: 1) Planning and Monitoring Committee, it oversees the AMC’s strategic initiatives, fund performance, product development, and long-term growth objectives. 2) Risk Management Committee, ensures effective identification, evaluation, and mitigation of investment, operational, and compliance risks, thereby safeguarding investor interests and strengthening the AMC’s resilience framework. 3) Human Resource Committee, it manages policies related to talent acquisition, leadership development, performance management, and succession planning to ensure the AMC continues to attract and retain top professionals. 4) Audit Committee, it supervises financial reporting, fund accounting, internal controls, and regulatory compliance, thereby ensuring transparency, investor confidence, and strong governance practices.

The AMC's external auditors are KPMG Taseer Hadi & Co. Chartered Accountants, classified in the "A" category on the SBP panel. The auditors expressed an unqualified opinion on the financial statements, indicating that the financial reporting presents a true and fair view in accordance with the applicable financial reporting framework, and that no material misstatements were identified during the audit for the period ended June 30, 2025

The AMC operates through ten main departments. (i) Finance, (ii) Compliance, (iii) IT, (iv) Business Development, (v) Risk management, (vi) Internal Audit (vii) Fund Management, (viii) Registrar service & operations (ix) HR and administration (x) Customer care and QA. Reporting lines are clearly defined.

The AMC's senior management team comprises highly qualified professionals with specialized expertise and extensive experience. Mr. Naveed Nasim, the CEO of ABL Funds, brings over 23 years of expertise in Corporate and Investment Banking, Risk Management, and Commercial Banking. Mr. Saqib Matin, FCA, FPA, serves as the Chief Financial Officer & Company Secretary with over 27 years of professional experience, including more than 17 years with the Board and CEO, and over 12 years in his current role. Mr. Fahad Aziz, the Chief Investment Officer (CIO), has over 18 years of experience in the financial industry, with a focus on investment and Economic Research. Syed Khalid Husain, Country Head Business Development, brings over 41 years of experience in the financial sector, including 25 years with Allied Bank where he led major Corporate and Retail Banking divisions. Since joining ABL AMC in 2008, he has successfully built Pakistan’s largest retail mutual fund distribution network across 1,250 Allied Bank branches and key cities nationwide. Mr. Nasir Ali Shujauddin, Master of Science in Islamic Banking & Finance, serves as Head of Institutional Sales – Business Strategy & SMA, reporting to the Country Head Business Development, with 17+ years of experience, including over 4 years with the  in his current role. Mr. Rehan Saif, Head of Compliance, brings over 30 years of experience in compliance, regulatory affairs, risk management, and related domains. Since joining ABL Funds in 2019, he has led the Compliance Department, leveraging his prior senior roles at NCCPL, CDC, and the Lahore Stock Exchange to drive market development and automation initiatives. Mr. Rehan Ansari, Head of Operations, has over 21 years of experience in finance, operations, and settlements, and has been associated with ABL Funds since 2008. A qualified Cost & Management Accountant, he currently leads the Registrar Services & Operations Department while also coordinating closely with Business Development and other departments to ensure efficient client servicing. Mr. Muhammad Umair Khan, Head of Information Technology, brings over 20 years of experience in IT and digital solutions within leading financial institutions. Holding a Master’s in Computer Science from the University of Karachi, he has led major technology implementations at Allied Bank, including data analytics, enterprise integrations, and digital transformation initiatives. Ms. Zufa Kanwal, serves as Head of Marketing, with over 19 years of professional experience, including more than 7 years with the AMC and over 7 years in her current role.

The AMC focuses on cybersecurity with strategic IT investments and stands out as the only Asset Management Company (AMC) to hold ISO/IEC 27001 : 2013 certification, highlighting its dedication to the highest standards of information security. The AMC is focusing on three key areas within IT: data collection, digital solutions, and the core system. The core application has been developed in collaboration with SoftTech Systems, from which 4–5 professionals have also been recruited. In addition, in-house resources have been engaged to ensure continuous application upgrades and to independently manage all related IT requirements.

Mr. Rehan Saif is leading the compliance department. The AMC has system-based controls to monitor exposure limits and margins. Comprehensive MIS reports are generated on a daily, weekly and monthly basis which are viewed by management on regular basis.

The AMC utilizes Excel-based credit risk models for monitoring, focusing on both qualitative and quantitative analysis. ABL Funds is actively preparing risk-adjusted investment strategies to optimize returns and set up independent risk committees to oversee fund performance.

The Risk Management Department vigilantly monitors the AMC’s liquidity profile to ensure financial stability and operational resilience. Sufficient liquidity is maintained by allocating a significant portion of fund assets to highly liquid investment avenues such as money market instruments, government securities, and short-term placements. This approach not only ensures the AMC’s ability to meet redemption requests and operational obligations in a timely manner but also provides a strong buffer against market volatility, thereby safeguarding investor confidence and supporting sustainable growth.

To manage market risk, the AMC employs a range of techniques including Value-at-Risk (VaR) analysis, beta analysis, and stress testing, enabling comprehensive assessment of potential portfolio vulnerabilities under varying market conditions. Exposure limits are clearly defined and communicated to portfolio managers, with regular reviews conducted to ensure the appropriateness of the limit structure. This disciplined approach helps maintain risk within acceptable thresholds, strengthens portfolio resilience, and ensures alignment with the AMC’s overall risk management framework.

The investment committee comprises of the Chief Executive Officer, Chief Investment Officer, Chief Financial Officer, Head of Risk Management, Head of Equities, Head of Fixed Income, Head of Research and respective Fund Managers.

The investment committee comprises of qualified and experienced professionals. They meet weekly to review the investment strategy and performance of each fund under management, ensuring that market conditions are considered in their assessments.

The research function operates under the supervision of Head of Equity and a team of 03 subordinates. The department uses various techniques including the fundamental analysis of key sectors and stocks to identify attractive investment avenues. For equity valuation, standard financial models are utilized, and broker research is also considered.

The marketing team maintains relationship with existing and prospective clients. In order to remain competitive, the AMC has been implementing strategies for integrating information technology in all the processes facilitating its customers. The AMC uses Imaan brand for Islamic funds.

The AMC also issues a Fund Manager’s Report, elaborating on the Fund’s performance and investment strategies and covering all the mandatory disclosure requirements. The AMC has established WhatsApp Business Solutions, enabling clients to communicate with WhatsApp network users. The AMC established a real-time IT infrastructure to service the SMA clients.

The AMC utilizes the entire branch network of the Bank, along with 12 Savings Centers, and has established dedicated Islamic Savings Centers. During the review period, the AMC also signed distribution agreements with other banks. ABL Funds has a dedicated "ABL Funds" mobile app for AMC customers and leverages the myABL app of the sponsor Bank.

As of June'25, ABL Fund's AUM reached PKR 260bln, up from PKR 198bln in Jun'24. The primary inflow is focused on the money market category and capital-protected funds, which together account for 48% of the total allocation. Client retention has positively impacted the overall portfolio.

The management and commission income has shown an increase and stood at PKR 1,337mln, at end of 6MCY25 (6MCY24: PKR 717mln). At the end of 6MCY25, the AMC reported a profit after tax of PKR 545.8mln (6MCY24: PKR 288mln ). This growth is primarily due to an increase in Management fees from AUMs and, consequently, core income. As of end Jun'25, the equity stood at PKR 5.3bln, keeping the AMC well above the minimum equity requirements.