Habib Bank Limited’s Substantial Shareholder, Aga Khan Fund for Economic Development, Increases Stake with Multiple Share Purchases

Related Articles

UNSC Adopts Pakistan-Drafted Annual Report by Consensus

2 days ago

Sardar Yousaf Orders Strict Monitoring of Hajj Welfare Staff During Mashair Days

2 days ago

Karachi, In a series of transactions, the Aga Khan Fund for Economic Development, a substantial shareholder of Habib Bank Limited, has increased its stake in the company. The details of each transaction are as follows:

1. On May 9, 2023, the Aga Khan Fund for Economic Development bought 318 shares of Habib Bank Limited at a rate of 73.69 per share. The transaction was executed through the Central Depository Company (CDC), and the shares were in ready form.

2. On the same day, the fund made another purchase, buying 65,673 shares of the company at a rate of 73.70 per share. The transaction was also conducted through the CDC in ready form.

3. The Aga Khan Fund for Economic Development continued to increase its stake with the acquisition of 200 shares on May 9, 2023, at a rate of 73.73 per share. The shares were in ready form and traded through the CDC.

4. A further purchase of 197 shares was made by the fund on the same day, at a rate of 73.74 per share. The transaction was executed through the CDC, and the shares were in ready form.

5. On May 9, 2023, the Aga Khan Fund for Economic Development bought a significant number of shares, acquiring 92,977 shares of Habib Bank Limited at a rate of 73.75 per share. The transaction was conducted through the CDC in ready form.

6. Additionally, the fund purchased 10,000 shares on the same day, at a rate of 73.78 per share. The shares were in ready form and traded through the CDC.

7. Another purchase of 14,000 shares was made by the Aga Khan Fund for Economic Development on May 9, 2023, at a rate of 73.79 per share. The transaction was executed through the CDC, and the shares were in ready form.

8. The fund further increased its stake with the acquisition of 76,000 shares on the same day, at a rate of 73.80 per share. The transaction was conducted through the CDC in ready form.

9. On May 9, 2023, the Aga Khan Fund for Economic Development purchased 10,295 shares at a rate of 73.85 per share. The shares were in ready form and traded through the CDC.

10. Finally, the fund made a purchase of 1,600 shares on the same day, at a rate of 73.94 per share. The transaction was executed through the CDC, and the shares were in ready form.

These transactions indicate the Aga Khan Fund for Economic Development’s increasing interest and confidence in Habib Bank Limited, as it continues to add to its stake in the company.