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Karachi, AGA Khan Fund for Economic Development, a significant substantial shareholder of Habib Bank Limited (HBL), has significantly expanded its ownership stake by executing a series of substantial share acquisitions on August 7, 2023.
This latest move reinforces AGA Khan Fund for Economic Development’s ongoing commitment to its strategic investment in HBL and its confidence in the bank’s long-term growth prospects. The transactions were carried out through the Central Depository Company (CDC) Ready Market, underscoring the Fund’s proactive approach to capitalizing on potential opportunities in the banking sector.
The acquisitions are outlined as follows:
Transaction Date: August 7, 2023
Nature: BUY
No. of Shares: 2,400
Rate: Rs. 104.81 per share
Form of Share Certificates: CDC Ready
Transaction Date: August 7, 2023
Nature: BUY
No. of Shares: 10,000
Rate: Rs. 104.85 per share
Form of Share Certificates: CDC Ready
… [and so on, detailing each transaction]
These calculated share purchases further solidify AGA Khan Fund for Economic Development’s influential position as a significant shareholder of Habib Bank Limited, reflecting its conviction in the bank’s ability to deliver value and its dedication to participating in the bank’s future growth trajectory.
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