Habib Bank Limited: Disclosure of Interest by Substantial Shareholder in Recent Transactions

Karachi, Habib Bank Limited has released details of recent transactions executed by the AGA Khan Fund for Economic Development, a substantial shareholder of the Company. According to the disclosure, the Fund purchased a total of 3,180 shares of Habib Bank Limited on May 4, 2023, through the Central Depository Company in the Ready market.

The transactions were executed at different rates, with 3 shares purchased at a rate of 78.82, 700 shares at a rate of 78.83, and 2,480 shares at a rate of 78.85. The shares were purchased in electronic form through the Central Depository Company (CDC).

As per the requirements of the Securities and Exchange Commission of Pakistan, listed companies are required to disclose any transactions executed by directors, CEOs, executives, their spouses, and substantial shareholders in the shares of the company.

The disclosure of the transactions by the substantial shareholder is expected to provide transparency to the market and support investor confidence in Habib Bank Limited.