PACRA Maintains the Stability Rating of Pak Oman Daily Dividend Fund

Pak Oman Daily Dividend Fund ("PODDF" or "the Fund") is categorized under a very low-risk Islamic Money Market Scheme, with the objective of meeting the liquidity needs of investors by providing daily payouts through investments in Shariah-compliant short-term instruments. As of Mar'26, the Fund's Assets Under Management (AUM) stood at PKR 23mln, compared to PKR 70mln as of Sep'25 (the last review), reflecting a significant decline in fund size during the review period. The reduction in AUM remains a key consideration given the Fund's relatively small scale of operations. In terms of asset allocation, approximately 52.94% of the portfolio was maintained in cash and cash equivalents, while the remaining 47.06% was represented by other receivables. These receivables comprised entirely of clearing receivables and short-dated settlement obligations arising from the Fund's normal course of operational activity. The portfolio maintained a highly liquid profile, consistent with the Fund's objective of facilitating daily distributions and meeting redemption requirements efficiently. From a credit quality perspective, approximately 49.26% of the Fund's assets were invested in AAA-rated and Government-backed securities, while ~1.40% was allocated to AArated instruments and 49.34% in Other Receivables. The overall credit profile remains strong, with the bulk of investment exposures concentrated in the highest quality counterparties and sovereign-backed instruments. The remaining portfolio balance relates to operational settlement receivables rather than credit investments. The Fund's Weighted Average Maturity (WAM) stood at 1 day as of Mar'26, reflecting virtually no sensitivity to profit rate movements or credit risk. The exceptionally short maturity profile provides substantial liquidity support and reinforces the Fund's capacity to meet investor redemption requests while preserving capital. In terms of performance, the Fund generated an annualized one-year return of 5.12% as of Mar'26, compared to its benchmark return of 9.56%. The relatively lower return profile reflects the Fund's highly conservative investment stance and elevated liquidity position maintained throughout the review period. A key rating consideration remains the Fund's AUM level, which stood below the minimum threshold of PKR 100mln prescribed under the applicable SECP regulations, constituting a regulatory non-compliance.
Going forward, the Fund's ability to strengthen its asset base, maintain adequate liquidity, preserve credit quality, and comply with applicable regulatory requirements and rating criteria will remain important rating considerations. Any material changes in these factors may have implications for the assigned rating.

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 belonging to all major categories. The AUMs of the Company stood at ~PKR 8,621mln at the end of Dec'25.