🏨 Two Major Buyers Acquire 56% Stake in PSL
On July 14, 2025, two independent entities acquired a combined 56% shareholding in PSL — a move that may alter the future management of the renowned hotel brand in Pakistan.
According to disclosures filed under the Securities Act 2015 with the Pakistan Stock Exchange (PSX):
- Dawood Jan Muhammad purchased 9,107,800 shares, equal to 28% of the company’s equity, at Rs700 per share, totaling over Rs6.37 billion.
- Similarly, AKD Holding acquired 9,089,651 shares, amounting to 27.9%, also at Rs700 per share, representing a transaction worth over Rs6.3 billion.
Together, these purchases account for 18,197,550 shares, collectively valued at more than Rs12 billion.
📊 Breakdown of the Acquisition
| Acquirer | Shares Purchased | % Ownership | Price per Share | Total Value (PKR) |
|---|---|---|---|---|
| Dawood Jan Muhammad | 9,107,800 | 28% | Rs700 | 6.37 Billion |
| AKD Holding | 9,089,651 | 27.9% | Rs700 | 6.3 Billion |
| Total | 18,197,550 | 55.9% | Rs700 | 12.67 Billion |
📈 What This Could Mean for PSL
With over 55% of PSL’s shares now in the hands of just two entities, analysts believe this may lead to a shift in control of the company’s board of directors, effectively amounting to a management takeover.
Mohammed Sohail, CEO of Topline Securities, commented:
“If both parties have acquired 55.95% collectively, they have the authority to take over the company’s management. While some may see this as a hostile acquisition, there is a possibility of a pre-arranged mutual agreement between the investors.”
🏢 About Pakistan Services Limited (PSL)
PSL owns and operates nine Pearl Continental hotels across Pakistan and manages one major subsidiary. It is one of the largest and most prestigious hospitality groups in the country.
The company had previously postponed a board meeting scheduled for June 30, though no official reason was disclosed at the time.
📉 Share Price Surge After Acquisition News
Following the news of the large-scale share purchases, PSL’s stock experienced a significant price jump:
- On July 11, the share price closed at Rs782.
- By July 20, it had surged by 10%, closing at Rs1,050.
🔍 Industry Watch
This development marks one of the biggest private equity shifts in Pakistan’s hospitality sector in recent years. Whether this move leads to strategic realignment, expansion, or restructuring of PSL remains to be seen.
As investors and market watchers await further disclosures, all eyes are on the potential impact this change in control will have on the future of Pearl Continental Hotels.
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