Samba Bank acquisition PAO timeline extended by 90 days

Samba Bank Limited has been told that Najd Gateway Holding Company has extended the timeline for its offer to acquire control of the bank. According to a notice that Arif Habib Limited, the manager to the offer, filed with the SECP and the PSX on behalf of the acquirer, talks between the parties are still continuing. The proposed purchase covers 852,040,531 ordinary shares, equal to 84.51% of the bank's paid-up capital.

Under Regulation 7(1) of the 2017 rules, the offer had to be announced within 180 days, a window due to close on August 19, 2026. Because negotiations were still open, the acquirer used its power to push the deadline back by 90 days, to November 17, 2026. The move follows an intention announcement dated February 20, 2026 and an addendum published on March 5, 2026.

For Samba Bank shareholders, the change lengthens the period before the control offer must be made. The information reached the market through a formal notification to the Exchange.