Karachi, Habib Bank Limited (HBL) has disclosed that Aga Khan Fund for Economic Development, a substantial shareholder of the company, has executed a series of significant share purchases. The transactions, carried out by the Fund's representatives, were made on August 25, 2023, and indicate the Fund's continued interest in bolstering its holdings within the bank.

The Aga Khan Fund for Economic Development has made strategic purchases across multiple tranches, demonstrating a commitment to its investment in Habib Bank Limited. The Fund's investment decisions have been detailed as follows:

1. A purchase of 1,483 shares at a rate of 99.40 per share.

2. An acquisition of 200 shares at a rate of 99.49 per share.

3. A transaction for 9,164 shares at a rate of 99.50 per share.

4. A significant buy of 10,000 shares at a rate of 99.55 per share.

5. Another sizeable purchase of 10,000 shares at a rate of 99.65 per share.

6. An acquisition of 29,891 shares at a rate of 99.70 per share.

7. A purchase of 10,000 shares at a rate of 99.75 per share.

8. A substantial transaction involving 121,485 shares at a rate of 99.80 per share.

9. An acquisition of 2,000 shares at a rate of 99.89 per share.

10. A final purchase of 7,475 shares at a rate of 99.90 per share.

These acquisitions reflect the confidence of the Aga Khan Fund for Economic Development in the future prospects of Habib Bank Limited. The purchases have been executed through the Central Depository Company (CDC) and are marked as "Ready" for trading on the market.

The Aga Khan Fund for Economic Development's decision to increase its holdings in Habib Bank Limited may have broader implications for the company's strategic direction and growth. The Fund's significant investment underscores its belief in the bank's potential for sustained success.

As per regulatory requirements, these transactions have been officially disclosed to shareholders and the public. This move by the Aga Khan Fund for Economic Development will likely draw attention from investors and financial analysts as they evaluate the implications of these share purchases on Habib Bank Limited's future performance and market positioning.