Habib Bank Limited’s Substantial Shareholder Acquires More Shares

Karachi, In a disclosure of interest by a director, CEO, executive, or substantial shareholder, Habib Bank Limited announced that the Aga Khan Fund for Economic Development (AKFED), a substantial shareholder, has acquired more shares in the company. The transactions were executed on May 15, 2023, and the details of each transaction are as follows:

AKFED bought 11,000 shares at a rate of PKR 73.19 per share, 1,519 shares at a rate of PKR 73.20 per share, 7,500 shares at a rate of PKR 73.22 per share, 500 shares at a rate of PKR 73.23 per share, 20 shares at a rate of PKR 73.24 per share, 4,461 shares at a rate of PKR 73.25 per share, 200 shares at a rate of PKR 73.27 per share, 494 shares at a rate of PKR 73.30 per share, 100 shares at a rate of PKR 73.31 per share, and 5,025 shares at a rate of PKR 73.32 per share. All shares were purchased in the form of CDC ready certificates.

This acquisition of shares by AKFED demonstrates the organization’s confidence in the performance and future prospects of Habib Bank Limited. The bank has been performing well in recent times, and this move by a substantial shareholder is expected to boost investors’ confidence in the bank.