Karachi, Arif Habib Limited has been selected as the Manager to the Offer by RMS (Private) Limited (the "Acquirer"), in line with the provisions of the Securities Act 2015 and the Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Regulations, 2017.

Arif Habib Limited is pleased to announce its role in submitting the Public Announcement of Intention on behalf of the Acquirer. This announcement outlines the Acquirer's intention to acquire up to 87.96% shares of Escorts Investment Bank Limited (the "Target Company").

The move marks a significant step in the Acquirer's strategic vision and underscores its intention to gain a substantial stake in Escorts Investment Bank Limited. The transaction, subject to regulatory approvals and compliance, could potentially reshape the dynamics within the financial sector.

Stakeholders, investors, and market observers are likely to closely monitor this development due to its potential implications for both companies involved and the broader market landscape. The announcement signals the beginning of a process that could have far-reaching consequences on shareholder interests, corporate governance, and market dynamics.

For a comprehensive understanding of the Acquirer's intention and its potential impact on Escorts Investment Bank Limited, interested parties are encouraged to follow Arif Habib Limited's official communication channels and regulatory filings. Arif Habib Limited's commitment to transparency ensures that stakeholders can access accurate and timely information about key developments shaping their investment landscape.