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AKFED intends to increase stake in Habib Bank

HBL to invest Rs6bn in HBL Microfinance Bank
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May 02, 2023 (MLN): Aga Khan Fund for Economic Development (AKFED) has expressed its intention to acquire additional shares of Habib Bank Limited (HBL) from the open market, by utilizing the accumulated dividends that have not been repatriated, worth Rs3.53 billion from the open market. 

The said purchase of HBL shares shall be in accordance with applicable regulatory approvals.

The aforesaid information has been disseminated through the notification to exchange today. 

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Posted on: 2023-05-02T10:13:36+05:00