Habib Bank Limited’s Substantial Shareholder, AGA KHAN FUND FOR ECONOMIC DEVELOPMENT, Increases Holdings

Karachi, In a recent disclosure of interest, AGA KHAN FUND FOR ECONOMIC DEVELOPMENT, a substantial shareholder of Habib Bank Limited, has made multiple purchases of shares in the company. The transactions were executed on May 11, 2023, and indicate a significant increase in the Fund’s holdings.

AGA KHAN FUND FOR ECONOMIC DEVELOPMENT acquired a total of 124,000 shares of Habib Bank Limited through ten separate purchases. The purchases varied in size, ranging from a single share to the largest transaction of 46,369 shares. The shares were bought at rates between 73.80 and 74.26, with the majority of transactions falling within the 74.00 range.

All transactions were conducted through the Central Depository Company (CDC) and the shares purchased were in the form of ready certificates.

The increased holdings by AGA KHAN FUND FOR ECONOMIC DEVELOPMENT demonstrate their continued confidence in Habib Bank Limited and its future prospects. As a substantial shareholder, the Fund’s actions in acquiring additional shares may influence the bank’s strategic direction and overall market perception.