Aga Khan Fund for Economic Development Bolsters Holding in Habib Bank Limited with Share Purchases

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Karachi, Aga Khan Fund for Economic Development, a substantial shareholder in Habib Bank Limited, has further strengthened its position in the bank by executing a series of share purchases. These transactions, all conducted on August 31, 2023, underscore the fund’s ongoing 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 acquisitions in Habib Bank Limited reflect its confidence in the bank’s long-term potential and its strategic vision. The details of the transactions are as follows:

1. Purchase of 11,195 shares at a rate of PKR 95.90 per share.

2. Purchase of 299 shares at a rate of PKR 95.91 per share.

3. Purchase of 530 shares at a rate of PKR 95.99 per share.

4. Purchase of 109,983 shares at a rate of PKR 96.00 per share.

5. Purchase of 92,783 shares at a rate of PKR 96.05 per share.

6. Purchase of 25,000 shares at a rate of PKR 96.10 per share.

7. Purchase of 3,815 shares at a rate of PKR 96.25 per share.

8. Purchase of 10 shares at a rate of PKR 96.30 per share.

9. Purchase of 325 shares at a rate of PKR 96.39 per share.

10. Purchase of 1,000 shares at a rate of PKR 96.40 per share.

These significant share acquisitions by a substantial shareholder reinforce Aga Khan Fund for Economic Development’s commitment to aligning its interests with those of Habib Bank Limited and its shareholders. Such transactions are often regarded as a vote of confidence in the bank’s future growth and financial performance.

Habib Bank Limited continues to uphold its principles of transparency, corporate governance, and value creation for its shareholders. The increased stake by a substantial shareholder further solidifies the bank’s position and prospects in the financial sector.

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