Islamabad, 18 July 2025 – AKD Group Holding (Private) Limited has formally announced the acquisition of a substantial 27.95% stake in Pakistan Services Limited (PSX: PSEL), as disclosed in a stock filing submitted to the Pakistan Stock Exchange (PSX).
The disclosure, made under Section 110 of the Securities Act, 2015, and Regulation 4(2) of the Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Regulations, 2017, was communicated via a letter dated 15 July 2025.
Formerly known as Aqeel Karim Dhedhi Securities (Private) Limited, AKD Group Holding notified PSEL of the acquisition, leading PSEL to release the information in compliance with regulatory requirements under Section 96 of the Securities Act, 2015, and PSX Rule Book Clause 5.6.1(a).
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About Pakistan Services Limited (PSEL):
PSEL is primarily engaged in the hotel business, owning and managing the Pearl Continental Hotels chain. The company also operates a budget hotel property in Lahore and grants franchises for the use of its “Pearl Continental” trademark.
This acquisition marks a significant development in Pakistan’s corporate sector, with potential implications for PSEL’s future operations and market positioning.
