Habib Bank Limited’s Substantial Shareholder Increases Investment with Multiple Purchases

Karachi, In a recent disclosure of interest by a director, CEO, or executive of a listed company and their spouses and the substantial shareholders, Habib Bank Limited’s substantial shareholder, AGA Khan Fund for Economic Development, has executed multiple transactions to increase their investment in the company.

On May 15, 2023, the fund purchased a total of 28,120 shares of Habib Bank Limited at various rates and forms of share certificates through CDC Ready market. The first transaction was executed for 5,050 shares at a rate of 73.35, followed by another purchase of 5,150 shares at a rate of 73.37. Additionally, the fund bought five shares at 73.38 and 20 shares at 73.39. The final transaction of the day was the purchase of 17,895 shares at a rate of 73.40.

The AGA Khan Fund for Economic Development’s investment in Habib Bank Limited shows their continued confidence in the bank’s growth prospects. The Habib Bank Limited has not issued any official statement regarding the recent transactions.