Bahria Town set to exit Escorts Investment Bank

Bahria Town plans to sell its 87.9639% holding in Escorts Investment Bank to Kamran Malik and Sheikh Ali Baakza, who also intend to offer for another 6.02% of the bank’s shares. The proposed purchase covers 119,279,077 shares under an agreement, while the public offer would cover 8,160,462 shares. Mettis Global reported that the offer announcement is scheduled for publication on November 12, 2026, with AKD Securities Limited acting as its manager.

The transaction requires regulatory and corporate clearances, including approval from the SECP and the bank’s board, and could be withdrawn if regulatory consent is not obtained. Escorts Investment Bank has reported losses in each of the past five years; its FY26 net loss increased to Rs73.79m from Rs68.40m in FY25, and it paid no dividend. Its shares last closed at Rs12.14 on November 6, while the 28-day weighted average was Rs12.94 per share.