Karachi: AKD Securities Limited has revealed its intent to acquire up to 6.02% of the issued and paid-up share capital and control of Escorts Investment Bank Limited, marking a significant move in the financial services sector. This announcement is made under the Securities Act, 2015 and Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Regulations, 2017. The acquisition is subject to necessary regulatory approvals.

The initial Public Announcement of Intention (PAI) was made on January 23, 2026, with the formal report released on July 30, 2026. According to information available from the Pakistan Stock Exchange (PSX), this acquisition process involves Mr. Kamran Malik and Mr. Sheikh Ali Baakza as the primary acquirers.

In compliance with Regulation 7(1) of the Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Regulations, 2017, the acquirers have extended the Public Announcement of Offer date by an additional ninety days. The development is a critical step in the acquisition process, ensuring all procedural and regulatory requirements are adequately met.

The designated market categorization for this action remains within the financial services domain, reflecting AKD Securities Limited's strategic focus on expanding its investment footprint within the sector.