TWF Holding acquires majority stake in ZIL Limited in major share purchase deal

TWF Holding L.L.C-FZ, a Dubai-based company fully owned by Dr. Salomon Jacobus Van Rooijen, has acquired an 84.84% stake in Pakistan’s ZIL Limited, producer of the famous Capri and Opal soaps.  

The acquisition, executed through a Share Purchase Agreement on May 12, 2025, involved purchasing 5,194,514 voting shares at a rate of Rs 297.50 per share. 

This transaction was carried out with New Future Consumer International General Trading L.L.C, also owned by Dr. Van Rooijen, and does not attract further takeover obligations under the Securities Act, 2015.

Prior to this deal, TWF Holding held no shares in ZIL Limited. The company now commands majority ownership and has appointed Dr. Van Rooijen as the nominee director on the board. 

TWF Holding was incorporated in the United Arab Emirates on April 22, 2024, with a registered capital of 1,000 shares.

This acquisition signals a major consolidation move for ZIL Limited, with full control now under TWF Holding. The Securities and Exchange Commission of Pakistan and the Pakistan Stock Exchange have been duly informed of the transaction, in compliance with regulations.

Following the announcement of majority stake acquisition, ZIL’s stocks saw an uptick of 5.82% or Rs 15.80 and reached Rs.287.50 as of 11:34 AM on Thursday. 

ZIL Limited, incorporated in February 1960, manufactures and sells home and personal care products. The company has a market capitalization of approximately PKR 1.76 billion, with a total of 6,122,600 shares outstanding. Of these, only 306,130 shares, or 5% of the total, are available as free float for public trading.