Bank AL Habib Limited Announces Share Transactions by Director and Family

Karachi, According to information available from the Pakistan Stock Exchange (PSX), Bank AL Habib Limited reported a series of share transactions involving its Director, the Director’s spouse, and executives. The transactions were reported through the PSX’s PUCARS system.

On May 8, 2024, Mr. Abbas D. Habib, the Chairman of Bank AL Habib, engaged in two transactions where he gifted 668,455 shares and subsequently gifted out 2,154,538 shares. Mrs. Niamet Fatima, the spouse of the Chairman, received 6,241,980 shares as a gift on the same day. Additionally, executive Mr. Ali Asad Habib was involved in gifting in 154,538 shares and gifting out 276,496 shares. Another executive, Mr. Qasim Habib, received 2,923,465 shares as a gift.

These transactions did not disclose the price per share, and all were listed as gifts in the form of shares through CDC (Central Depository Company).