JD Taurus extends deadline for 35% stake acquisition in Saudi Pak Consultancy to February 2027

JD Taurus (Private) Limited has requested an additional 90 days to announce a public offer linked to its planned purchase of a 35.06% holding in Saudi Pak Consultancy Company Limited. The revised deadline is February 10, 2027, instead of November 12, 2026, according to a notice reported by Profit by Pakistan Today. The proposed deal covers 15,835,403 ordinary shares held by Saudi Pak Industrial and Agricultural Investment Company Limited.

Intermarket Securities, which is managing the offer, told the Securities and Exchange Commission of Pakistan that JD Taurus needed more time to complete the required formalities. The acquirer reaffirmed on November 6 that it intends to proceed under the takeover rules, while Intermarket asked the regulator to acknowledge or confirm the extension where necessary. The manager also informed the PSX and Saudi Pak Consultancy of the revised timetable.