Karachi: Bank AL Habib Limited disclosed a notable transaction involving the transfer of shares within its executive ranks, underscoring internal financial activities at the institution. According to a report dated August 31, 2026, the transaction was executed on August 25, 2026, involving an executive director and their spouse.

The disclosure falls under the regulations stipulated by the Pakistan Stock Exchange (PSX) for listed companies, specifically addressing interest disclosures by directors, CEOs, executives, and their spouses. The transaction involved a “gift out” of 1,750,000 shares by Qumail R. Habib, an Executive Director of the bank, to his spouse, Selwa Habib. The shares were transferred through the Central Depository Company (CDC) at a rate of 0.00 per share.

According to information available from the Pakistan Stock Exchange (PSX), this internal transfer has resulted in Qumail R. Habib holding a cumulative total of 12.27 million shares, which represents a 1.10% holding in the company. Conversely, Selwa Habib now holds 1.75 million shares, accounting for a 0.16% stake in Bank AL Habib Limited.

The transaction executed by Qumail R. Habib represents a big move within the company, reflecting internal shifts in shareholding while maintaining the overall family interest in the bank’s equity. The move aligns with regulatory requirements, ensuring transparency in the dealings of significant shareholders and executives of the company.