Karachi: Intermarket Securities Limited has confirmed the publication of a Public Announcement of Intention to acquire a significant stake in Saudi Pak Consultancy Company Limited. The announcement, dated May 18, 2026, indicated that up to 35.06% of the shares of the Target Company are set to be acquired by JD Taurus (Private) Limited, with Intermarket Securities Limited acting as the Manager to the Offer.
The announcement was published on May 16, 2026, in two national newspapers, Pakistan Observer and Daily Nai Baat, complying with the Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Regulations, 2017. This regulatory measure ensures transparent communication in the market, a necessary step in such substantial acquisition processes. According to information available from the Pakistan Stock Exchange (PSX), such announcements play a crucial role in maintaining market integrity and investor awareness.
Details of the acquisition plan reveal an intention to acquire 15,835,403 ordinary shares of the Target Company. This move is part of a broader strategy by JD Taurus (Private) Limited to expand its footprint in the consultancy sector within the region. The publication of the intention marks a procedural step forward in the acquisition process, which is closely monitored by market regulators and stakeholders.
For further details or clarification regarding the acquisition process, stakeholders and interested parties are directed to contact the undersigned representative of Intermarket Securities Limited. The announcement is a significant event in the designated market category, reflecting ongoing consolidation and investment activities in the consultancy sector.