Arif Habib Investments: Who we are

Trustees

Fund/Company	Trustee

PSM , PIIF , PIF , PCM , PSAF	Central Depository Company of Pakistan Limited (CDC)
MSF	Habib Metropolitan Bank Limited
PCPF-1 , PPF , PIPF	Muslim Commercial Financial Services (Pvt.) Limited
PPFL	Deutsche Bank AG.

The Central Depository Company of Pakistan Limited

Central Depository Company of Pakistan Limited (CDC) was incorporated in 1993 to manage and operate the Central Depository System (CDS). CDS is an electronic book entry system to record and transfer securities. Electronic book entry means that the securities do not physically change hands and the transfer from one client account to another takes place electronically. An IBM led consortium along with the management of the company implemented CDS in Pakistan.

The aim of CDC is to operate as a central securities depository on behalf of the financial services industry so as to contribute to the country's ability to support an effective capital market system which will attract institutional and retail level investors from Pakistan and abroad.

Habib Metropolitan Bank Limited

The MetroBank - Pakistan Sovereign Fund (MSF) and its Sub-schemes have been established through a Trust Deed under the Trust Act, 1882, executed between Habib Metropolitan Bank Limited (HMB) as the Trustee and Arif Habib Investment Management Limited (AHIML) as the Management Company; and is authorized under the Asset Management Company Rules, 1995 (the Rules).

Muslim Commercial Financial Services (Pvt.) Limited

Muslim Commercial Financial Services (Pvt.) Limited (MCFSL) is a wholly owned subsidiary of MCB Bank Limited. The company initiated its business by acting as trustees to one of the private open-end funds in 1997. Since then it has been providing trustee services to various open and close-end funds.

With the growth in the Pakistani Mutual Fund Industry, the company is committed to provide secured and dependable services to its customers in an efficient and cost-effective manner comparable to the best international practices.