Shahid Abdullah, Asad Abdullah, Ayaz Abdullah and Aisha Zaid Zakaria intend to enter into an agreement to acquire 70.5% in United Distributors Pakistan Limited (KASE:UDPL) from International Brands (Pvt) Limited on December 7, 2020. The buyer structure is in preliminary stages and is subject to change. As per an update on January 27, 2021, Genesis Holdings (Private) Limited will act as buyer in the deal. As per terms, 24.9 million shares will be acquired at PKR 33.25 per share and consideration will be paid in shares. As on December 7, 2020, Asad Abdullah and Ayaz Abdullah hold 0.1% and 0.01% stake in United Distributors. International Brands (Pvt) Limited holds 70.5% stake in United Distributors. In related transaction, the buyers also intend to make an offer to acquire the other 14.8% stake. United Distributors Pakistan Limited will remain listed on stock exchange. The deal is subject to regulatory approvals.