TWF Holding Acquires Controlling Stake in ZIL Limited

TWF Holding LLC-FZ, under the ownership of Dr. Salomon Jacobus Van Rooijen, has procured a substantial controlling interest in ZIL Limited, a Pakistani enterprise specializing in the creation of household and personal care products. This acquisition was made from New Future Consumer International General Trading (NFCIGT), an entity also fully owned by Van Rooijen.

ZIL Limited communicated this development in an official notification to the Pakistan Stock Exchange (PSX) on Thursday.

The notice stated, “TWF Holding LLC-FZ, wholly owned by Dr. Salomon Jacobus Van Rooijen, has successfully acquired 5,194,514 shares of ZIL Limited, representing 84.8416% of the voting shares, at a price of Rs297.50 per share on May 12, 2025. This transaction was executed through a Share Purchase Agreement between TWF Holding LLC-FZ and New Future Consumer International General Trading LLC, which is also 100% owned by Dr. Salomon Jacobus Van Rooijen.”

The announcement further clarified that this transaction does not necessitate a mandatory public offering, which would typically be required under Part IX of the Securities Act. This exemption is granted under Section 109(1)(h)(iii), primarily because the transfer occurred between two entities under the same ownership.

The notice also mentioned, “Prior to this acquisition, TWF Holding LLC-FZ held zero shares, representing 0% ownership, in ZIL Limited. Following the aforementioned acquisition, our total stake in the company amounts to 5,194,514 shares, constituting 84.8416% of the total issued voting shares of ZIL Limited.”

Earlier in February, ZIL Limited had informed the stock exchange that NFCIGT intended to transfer its entire shareholding in ZIL Limited to TEF Holding.

In 2023, ZIL Limited was acquired by NFCIGT, a company based in the UAE, which at the time also held an 84.84% stake in the Pakistani listed entity.