Saudi Pak Consultancy set for major stake acquisition

MG News | May 12, 2026 at 05:15 PM GMT+05:00

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May 12, 2026 (MLN): IGI Finex Securities Limited, acting as Manager to the Offer, has formally declared its intention to acquire a significant stake in Saudi Pak Consultancy Company Limited on behalf of acquirer Mr. Syed Sabur Rehman.

The public announcement outlines plans to acquire approximately 15,835,403 ordinary shares, representing 35.06% of the total issued and paid-up capital of Saudi Pak Consultancy Company Limited.

According to documents filed, the intended acquisition is structured in two parts:

Mode	Shares	Stake
Agreement(s)	15,835,403	35.06%
Public Offer	14,656,548	32.45%

The transaction remains subject to regulatory approval, including a fit and proper criteria clearance from the Securities and Exchange Commission of Pakistan (SECP).

The Public Announcement of Intention is scheduled for publication on May 14, 2026, in compliance with applicable regulatory requirements.

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