Aga Khan Fund for Economic Development Augments Stake in Habib Bank Limited through Share Purchases

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Karachi, Aga Khan Fund for Economic Development, a substantial shareholder in Habib Bank Limited, has increased its holdings in the bank by engaging in a series of share acquisitions. These transactions, all conducted on August 31, 2023, underscore the fund’s continued commitment to its investment in Habib Bank Limited.

Transaction Details:

Date: August 31, 2023

Nature: BUY

Form of Share Certificates: CDC (Central Depository Company)

Market: Ready

Aga Khan Fund for Economic Development’s recent share purchases in Habib Bank Limited reflect its enduring confidence in the bank’s long-term growth prospects and strategic direction. The details of these acquisitions are as follows:

1. Acquisition of 1,000 shares at a rate of PKR 96.46 per share.

2. Acquisition of 40,000 shares at a rate of PKR 96.49 per share.

3. Acquisition of 164,200 shares at a rate of PKR 96.50 per share.

4. Acquisition of 10,000 shares at a rate of PKR 96.65 per share.

5. Acquisition of 1,000 shares at a rate of PKR 96.66 per share.

6. Acquisition of 3,000 shares at a rate of PKR 96.70 per share.

7. Acquisition of 10,000 shares at a rate of PKR 96.75 per share.

8. Acquisition of 25 shares at a rate of PKR 96.77 per share.

9. Acquisition of 1,000 shares at a rate of PKR 96.86 per share.

10. Acquisition of 10,000 shares at a rate of PKR 96.90 per share.

These substantial share purchases by a significant shareholder reaffirm Aga Khan Fund for Economic Development’s commitment to aligning its interests with those of Habib Bank Limited and its shareholders. Such transactions typically signal a vote of confidence in the bank’s future growth prospects and financial performance.

Habib Bank Limited remains steadfast in its commitment to transparency, corporate governance, and value creation for its stakeholders. The increased stake by a substantial shareholder further underscores the bank’s position and potential within the financial industry.

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