AGA KHAN FUND FOR ECONOMIC DEVELOPMENT Strengthens Holdings in Habib Bank Limited through Notable Share Purchases

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Karachi, Habib Bank Limited, a leading financial institution, has witnessed a series of significant share purchases by AGA KHAN FUND FOR ECONOMIC DEVELOPMENT, a substantial shareholder. The transactions, executed on August 30, 2023, underscore the fund’s commitment to bolstering its stake in the bank and reflect a strategic alignment with the institution’s growth prospects.

The details of these substantial acquisitions are as follows:

1. AGA KHAN FUND FOR ECONOMIC DEVELOPMENT acquired 3,000 shares at a rate of 97.74 per share.

2. An acquisition of 25,001 shares took place at a rate of 97.75 per share.

3. The fund added 3,000 shares to its holdings at a rate of 97.84 per share.

4. A significant purchase of 44,000 shares was made at a rate of 97.85 per share.

5. An additional acquisition involved 25 shares at a rate of 97.86 per share.

6. The fund procured 2,000 shares at a rate of 97.97 per share.

7. A purchase of 10,125 shares occurred at a rate of 97.99 per share.

8. AGA KHAN FUND FOR ECONOMIC DEVELOPMENT made a substantial acquisition of 121,501 shares at a rate of 98.00 per share.

9. A notable purchase involved 60,000 shares at a rate of 98.10 per share.

All these transactions were processed through the Central Depository Company (CDC) and are categorized as “Ready” on the market. AGA KHAN FUND FOR ECONOMIC DEVELOPMENT’s deliberate and strategic share purchases are expected to generate discussions and analysis among investors, analysts, and industry observers.

As the fund incrementally increases its stake in Habib Bank Limited, these acquisitions highlight its confidence in the bank’s trajectory and its role in supporting the institution’s growth strategies. The fund’s commitment to strengthening its position within the financial sector underscores its dedication to long-term value creation and sustained growth.

Market participants will be closely monitoring the implications of these substantial share purchases on Habib Bank Limited’s future performance and strategic direction. AGA KHAN FUND FOR ECONOMIC DEVELOPMENT’s active involvement and increased holdings signal a notable engagement in the bank’s journey toward continued success and shareholder value enhancement.

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