Habib Bank Limited’s Substantial Shareholder, Aga Khan Fund for Economic Development, Increases Stake in the Company

Karachi, In a recent disclosure of interest, it has been revealed that Aga Khan Fund for Economic Development, a substantial shareholder of Habib Bank Limited, has executed a series of transactions to increase its stake in the company. The transactions took place on May 11, 2023, and involved the purchase of shares in the company at various rates.

The first transaction involved the purchase of 200 shares at a rate of 74.32. This was followed by the acquisition of 6,399 shares at a slightly higher rate of 74.34. Aga Khan Fund for Economic Development then proceeded to purchase 14,901 shares at a rate of 74.35, demonstrating its confidence in the company’s prospects.

Continuing their buying spree, the substantial shareholder acquired 5,000 shares at rates of 74.39, 74.40, 74.44, 74.45, and 74.49. Additionally, they purchased 11,500 shares at a rate of 74.50, further solidifying their position as a significant investor in Habib Bank Limited.

The transactions were carried out through CDC (Central Depository Company) in the form of ready share certificates, indicating the immediacy of the investments made by Aga Khan Fund for Economic Development.