Karachi, In a series of strategic moves, the AGA Khan Fund for Economic Development, a substantial shareholder in Habib Bank Limited (HBL), has substantially increased its stake in the bank. These noteworthy share acquisitions, made on September 13, 2023, further solidify AGA Khan Fund's position as a key investor in HBL.

Here are the details of the significant share purchases made by AGA Khan Fund for Economic Development:

1. Date: September 13, 2023

Nature: Buy

Number of Shares: 128,226

Rate: PKR 95.80 per share

Form of Share Certificates: CDC

Market: Ready

2. Date: September 13, 2023

Nature: Buy

Number of Shares: 45

Rate: PKR 95.85 per share

Form of Share Certificates: CDC

Market: Ready

3. Date: September 13, 2023

Nature: Buy

Number of Shares: 21,604

Rate: PKR 95.90 per share

Form of Share Certificates: CDC

Market: Ready

4. Date: September 13, 2023

Nature: Buy

Number of Shares: 50,817

Rate: PKR 95.95 per share

Form of Share Certificates: CDC

Market: Ready

5. Date: September 13, 2023

Nature: Buy

Number of Shares: 497

Rate: PKR 95.96 per share

Form of Share Certificates: CDC

Market: Ready

6. Date: September 13, 2023

Nature: Buy

Number of Shares: 500

Rate: PKR 95.97 per share

Form of Share Certificates: CDC

Market: Ready

7. Date: September 13, 2023

Nature: Buy

Number of Shares: 8,090

Rate: PKR 95.98 per share

Form of Share Certificates: CDC

Market: Ready

8. Date: September 13, 2023

Nature: Buy

Number of Shares: 19,000

Rate: PKR 95.99 per share

Form of Share Certificates: CDC

Market: Ready

9. Date: September 13, 2023

Nature: Buy

Number of Shares: 244,447

Rate: PKR 96.00 per share

Form of Share Certificates: CDC

Market: Ready

These significant share purchases signify AGA Khan Fund's continued confidence in HBL and its commitment to enhancing its position within the banking sector. The move also reflects its belief in the bank's growth potential and its strategic objectives. The increased stake further strengthens AGA Khan Fund's influence within HBL and underscores its long-term investment strategy in the Pakistani banking industry.