Saudi Pak approves JD Taurus bid to sell entire stake in Saudi Pak Consultancy

Saudi Pak Industrial and Agricultural Investment Company has selected JD Taurus (Private) Limited to buy its full holding in Saudi Pak Consultancy Company Limited, Profit by Pakistan Today reported. The proposed sale covers 15,835,403 ordinary shares, equivalent to 35.06% of SPCL’s ordinary capital, and 33,320,850 preference shares, equal to 63.08% of that class.

Saudi Pak told SPCL on November 12 that its board had accepted JD Taurus’s offer after a competitive process held on October 14, with an acceptance letter issued on October 19. The transaction still requires regulatory clearances and completion of legal steps. The disclosure gave no sale price or expected transfer date, while noting earlier updates on the proposed disposal in April and May 2026.