Karachi: A corrigendum has been issued concerning the Public Announcement of Intention (PAI) dated May 12, 2026, regarding the proposed acquisition of 35.96% shares of Saudi Pak Consultancy Company Limited by Mr. Syed Sabur Rehman. The corrective notice was released by IGI Finex Securities Limited, acting as the Manager to the Offer, to address and rectify errors present in the original announcement.
The initial PAI, issued in compliance with Section 114 of the Securities Act, 2015, and Regulation 6 of the Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Regulations, 2017, contained drafting inaccuracies that prompted the need for this corrigendum. The corrective document aims to clarify the facts for stakeholders, including the public shareholders.
According to information available from the Pakistan Stock Exchange (PSX), the corrigendum aligns with the legal provisions and factual realities surrounding Mr. Syed Sabur Rehman’s intended acquisition. The revised announcement is intended to provide transparency and accuracy concerning the transaction.
The corrigendum has been submitted to the Pakistan Stock Exchange and is scheduled for publication in the Pakistan Observer (English) and Daily Nai Baat (Urdu) on July 2, 2026. These publications are the same outlets where the original PAI was initially published. This step ensures that all involved parties receive the corrected information in a consistent manner.