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Karachi, Aga Khan Fund for Economic Development, a substantial shareholder in Habib Bank Limited, has further solidified its investment by actively acquiring shares in the bank. These transactions, all executed on August 31, 2023, demonstrate the fund’s continued confidence in the long-term growth prospects of Habib Bank Limited.
Transaction Details:
Date: August 31, 2023
Nature: BUY
Form of Share Certificates: CDC (Central Depository Company)
Market: Ready
The fund has acquired additional shares in Habib Bank Limited, enhancing its ownership stake in the company. The details of these strategic share purchases are as follows:
1. Acquisition of 1,000 shares at a rate of PKR 96.96 per share.
2. Acquisition of 5,000 shares at a rate of PKR 96.98 per share.
3. Acquisition of 3,635 shares at a rate of PKR 96.99 per share.
4. Acquisition of 25,000 shares at a rate of PKR 97.00 per share.
5. Acquisition of 15,000 shares at a rate of PKR 97.50 per share.
6. Acquisition of 200 shares at a rate of PKR 97.60 per share.
7. Acquisition of 10,000 shares at a rate of PKR 97.75 per share.
8. Acquisition of 25,000 shares at a rate of PKR 97.80 per share.
9. Acquisition of 5,000 shares at a rate of PKR 98.00 per share.
These strategic share purchases by Aga Khan Fund for Economic Development underscore its commitment to aligning its interests with those of Habib Bank Limited and its stakeholders. Such transactions typically signal a strong belief in the bank’s future growth, financial performance, and strategic vision.
Habib Bank Limited remains dedicated to its core values of transparency, corporate governance, and value creation for its shareholders. The increased stake by a substantial shareholder reflects the bank’s enduring position and potential within the financial sector.
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