Thursday, December 11 2025

Systems Limited to acquire Confiz Pakistan through merger
In a corporate move, Systems Limited, one of Pakistan’s largest software firms, has announced plans to purchase Confiz Pakistan (Private) Limited through a merger The listed software firm shared the development in a Thursday notice to the Pakistan Stock Exchange (PSX). “The Board of Directors of the company, by way of resolutions passed through circulation on December 10, 2025, considered and approved the acquisition of Confiz Pakistan (Private) Limited, and all its direct and indirect shareholdings in the Confiz Group of Companies, by way of amalgamation/merger of Confiz with and into the company, in accordance with the provisions of a draft Scheme of Arrangement prepared under the provisions of Sections 279 to 283 and 285(8) of the Companies Act, 2017 and relevant transaction documents, subject to obtaining necessary consents and approvals,” read the notice.
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Related symbols: sys (news stock)