Karachi: Bank AL Habib Limited has disclosed its intention to acquire an additional 33.33% shareholding in AL Habib Capital Markets (Pvt.) Limited (AHCML). This information was revealed in a report dated August 20, 2026, and aligns with the requirements of Sections 96 and 131 of the Securities Act, 2015, along with Clause 5.6.1(a) of the Rule Book of the Pakistan Stock Exchange Limited.

The announcement followed a Board of Directors meeting held on the same day at the bank's principal office located at Mackinnons Building, I.I. Chundrigar Road, Karachi. The meeting concluded with an in-principle approval to enter into negotiations with other shareholders. The objective is to convert AHCML into a wholly-owned subsidiary of Bank AL Habib, subject to obtaining necessary approvals from the State Bank of Pakistan and other relevant regulatory and corporate entities.

According to information available from the Pakistan Stock Exchange (PSX), this move will enable Bank AL Habib to solidify its control over AL Habib Capital Markets, thereby potentially enhancing its market presence and operational efficiency in the capital markets sector.

The disclosure of this material information was made public by Mohammad Taqi Lakhani, the Company Secretary of Bank AL Habib Limited, who is based in Karachi. The disclosure is in accordance with the legal framework governing listed securities and emphasizes the bank’s commitment to regulatory compliance and transparency in its operations.

This strategic initiative by Bank AL Habib is poised to have significant implications for its future business endeavors, pending the necessary approvals from relevant authorities.