The Ecorts Investment Bank Limited has formally informed the Pakistan Stock Exchange (PSX) and the Securities and Exchange Commission of Pakistan (SECP) about the expansion of the timeline for a public offer to obtain the shares of its issued shares capital and control.
In a letter to the PSX and the SECP, AKD Securities states that the acquaintances have extended the date of public announcement in 90 days according to the regulations of the companies registered 7 (1) (voting shares and tacoes). Extension is subject to regulatory approval.
On October 9, 2025, according to an official report by the Associates Investment Bank, AKD Securities Limited requested an extension, which is working as the manager of the offered by the acquisitioners, Mr. Kamran Malik and Sheikh Ali Bakza. The original public announcement of the intention (PAI) to get the stake was published on April 21, 2025.
The bank has requested PSX to inform all the Tree Certification Holders about the development. The SECP monitoring, monitoring and the Enforcement Department has also been notified.
The proposed acquisition, if completed, will see that Mr. Kamran Malik and Sheikh Ali Bakza took a key shares and control of minority shares and control at the Associates Investment Bank Limited, which is the pending regulatory clearance.