Lucky Investments Limited Break Records With Pakistan’s Largest Ever Ipo By Raising Over Pkr 50 Billion
Lucky Investments Limited has made history by executing the largest ever mutual fund launch witnessed in Pakistan.
The newly established Asset Management Company has raised an unprecedented PKR 50 Billion during the Initial Public Offering (IPO) of its Lucky Islamic Money Market Fund, shattering all previous subscription records.
Eight Pakistani Citizens Killed in Firing Near Iran-Pakistan Border
This landmark achievement marks an extraordinary milestone in Pakistan’s financial sector, where investors nationwide demonstrated overwhelming confidence in the company’s first Shariah-compliant offering.
Lucky Investments Shatters Records with PKR 50 Billion IPO
The record-breaking subscription underscores robust demand for Islamic financial products and firmly positions Lucky Investments’ place as a promising new player in Pakistan’s Asset Management Industry.
Lucky Islamic Money Market Fund represents the first fund in a planned series of Shariah-compliant mutual funds to be introduced by the company.
US-Made iPhones Could Cost $3,500, Analysts Warn of Supply Chain Challenges
At the historic launch event, Mr. Mohammad Shoaib, Founding CEO of Lucky Investments, expressed profound gratitude for the exceptional investor response.
“Alhamdulillah, we are profoundly grateful for the extraordinary trust placed in us by investors across Pakistan,” stated Mr. Shoaib. “Breaking the national record with a PKR 50 Billion subscription in a single day is not just a milestone for Lucky Investments, but a testament to the growing strength of Islamic finance in our market.
As we prepare to launch additional funds in the coming months, we remain steadfastly committed to maintaining this momentum while delivering unparalleled customer experience and strict Shariah compliance.”
- WhatsApp Rolls Out Voice Chat Feature, How to Enable It?
- Spotify Launches ‘Upcoming Releases’ Hub to Help Users Track New Albums
- Onic Becomes Pakistan’s First Telco to Launch Free GPT-4o Premium
- Woman Arrested for Marrying and Robbing 25 Men in Seven Months
- Zong Officially Launches Z SAIS Cloud, Paving the Way for a Digital Pakistan
