Islamabad: Saudi Pak Industrial and Agricultural Investment Company Limited has announced the approval of a successful bid for the divestment of its shareholding in Saudi Pak Consultancy Company Limited. The decision marks a significant step in the company's business restructuring plans.

According to the report dated November 13, 2026, the bidding process, conducted on October 14, 2026, adhered to the instructions provided to qualified bidders. JD Taurus (Private) Limited emerged as the successful bidder, receiving approval from Saudi Pak's Board of Directors. A Letter of Acceptance was issued to JD Taurus on October 19, 2026.

The divestment involves the sale of Saudi Pak's entire holding in Saudi Pak Consultancy Company Limited, consisting of 15,835,403 ordinary shares, which represent 35.06% of the issued ordinary share capital, and 33,320,850 preference shares, accounting for 63.08% of the issued preference share capital.

Completion of the sale is contingent upon obtaining the necessary regulatory approvals and fulfilling legal formalities. According to information available from the Pakistan Stock Exchange (PSX), this transaction is significant within the designated market category, highlighting the ongoing efforts of Saudi Pak to optimize its investment portfolio.