Karachi: AKD Securities Limited has formally declared its intent to acquire up to 6.02% of the issued and paid-up share capital of Escorts Investment Bank Limited. This announcement comes in the context of the Public Announcement of Intention made earlier this year, dated January 23, 2026. The acquisition is contingent on obtaining any necessary regulatory approvals.

In alignment with the Securities Act of 2015 and the Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Regulations of 2017, AKD Securities is representing the interests of Mr. Kamran Malik and Mr. Sheikh Ali Baakza, the designated acquirers in this transaction. The process has been detailed in a report dated July 31, 2026, which also notes the extension of the Public Announcement of Offer by ninety days, as per Regulation 7(1) of the aforementioned regulations.

According to information available from the Pakistan Stock Exchange (PSX), the acquisition involves a strategic maneuver to gain control of the Target Company, Escorts Investment Bank Limited. This move is part of a larger acquisition strategy that is being closely monitored by market analysts and stakeholders.

The financial services category, in which Escorts Investment Bank Limited operates, is anticipated to experience shifts consequent to this acquisition announcement. This development marks a significant step in AKD Securities Limited's expansion efforts within the financial sector.