Habib Bank Limited: AGA Khan Fund for Economic Development Discloses Purchase of Shares

Karachi, The AGA Khan Fund for Economic Development, a substantial shareholder in Habib Bank Limited, has disclosed the purchase of shares in the company in a series of transactions. The purchases were made on May 4, 2023, by the AGA Khan Fund for Economic Development and its executives, spouses, and substantial shareholders.

The first transaction involved the purchase of 3,500 shares at a rate of 77.79, followed by the purchase of 10,000 shares at a rate of 77.80. The AGA Khan Fund for Economic Development also bought 1,302 shares at a rate of 77.83, 10,898 shares at a rate of 77.85, 7,500 shares at a rate of 77.88, 41,500 shares at a rate of 77.89, 69,455 shares at a rate of 77.90, 2,500 shares at a rate of 77.91, 25,000 shares at a rate of 77.94, and 10,050 shares at a rate of 77.95.

The transactions were made through the Central Depository Company (CDC) and were disclosed by the AGA Khan Fund for Economic Development in accordance with the Disclosure of Interest by a Director CEO, or Executive of a listed company and their Spouses and the Substantial Shareholders.

The disclosure of these transactions by the AGA Khan Fund for Economic Development is likely to be viewed as a positive sign by investors, as it demonstrates the confidence of one of the leading investors in Pakistan in the future prospects of Habib Bank Limited.\