Fauji Foundation acquires 19.70% stake in Pakistan Services Limited for Rs6.55 billion

Fauji Foundation acquired 6,406,797 voting shares in Pakistan Services Limited (PSEL) on November 2, 2026, paying Rs1,022.42 per share, according to a disclosure reported by Profit by Pakistan Today. The purchase, valued at about Rs6.55 billion, gives the foundation 19.70% of PSEL’s voting shares. PSEL submitted the information to the Pakistan Stock Exchange on November 3.

The transaction comes amid an ongoing dispute over ownership and control of the hotel operator, which owns and runs Pearl-Continental properties. Previous disclosed stakes include 27.95% acquired by AKD Group Holdings and its subsidiary AKD Securities in July 2025, and a 28% holding purchased by Thatta Cement in October 2025. PSEL said in September 2026 that restructuring discussions were under way to resolve a matter before the Islamabad High Court, with final terms still to be documented.