PACRA Maintains Stability Rating of Pak Oman Daily Dividend Fund

Pak Oman Daily Dividend Fund (“PO-DDF” or “the Fund”) continues to operate as a very low-risk Shariah-compliant money market vehicle, aligned with its objective of meeting investors’ liquidity needs through daily dividend payouts and investment in short-term Islamic instruments. As of September 2025, the Fund reported an AUM of PKR 70 million. The Fund’s asset allocation remained highly liquid, with ~84% maintained as cash, while the remaining ~16% was deployed in other approved Shariah-compliant avenues. This structure supports the Fund’s mandate of providing immediate liquidity while preserving capital. From a credit quality standpoint, the Fund primarily invested in AAA-rated avenues (~81%), complemented by ~2% in AA-rated exposures, with the remainder placed in other low-risk instruments. The strong tilt toward high-quality avenues reinforces the Fund’s conservative risk profile. At end-Sep’25, the Fund’s duration stood at 1 day, indicating very low exposure to interest rate movements. Similarly, the Fund reported a Weighted Average Maturity (WAM) of 1 day, reflecting its focus on maintaining a short-term maturity profile consistent with its liquidity-driven investment strategy. The unit holding pattern of the Fund remained fully concentrated, with 100% held by the top 10 investors, out of which ~99% relates to associated companies/related parties. While concentration is high, the presence of related-party holdings typically reflects stability and reduces the likelihood of sudden redemption pressures.
Going forward, any material changes in the investment policy and/or compliance with the rating criteria for the assigned rating would have an impact on the ratings.

About the Entity
Pak Oman Asset Management Company Limited was incorporated on July 28, 2006, as a public unlisted company. It is licensed by the Securities and Exchange Commission of Pakistan to carry out asset management and investment advisory services under the Non-Banking Finance Companies Regulations. The company is a majority owned subsidiary of Pak Oman Investment Company Limited (99.46%). The remaining shareholders include Oman International Development and Investment Company, SAOG (0.54%). The company’s Board of Directors comprises six members including the managing director of Pak Oman Investment Company Limited, Mr. Nauman Ansari. The board’s chairman H.H. Sayyid Juland Jaifar Salim Al-Said has over 15 years of experience at the Oman Investment Authority (OIA) (Previously known as State General Reserve Fund). The company’s diverse product slate includes nine open end funds as of Dec'24 belonging to all major categories. The AUMs of the Company stood at ~PKR 2,353mln at the end of Sep'25.