Fauji Foundation acquires 19.70% of Pakistan Services for approximately Rs6.55 billion
The foundation bought 6,406,797 voting shares at Rs1,022.42 each, taking its holding to 19.70% of the hotel operator’s voting shares.
At a glance
- Fauji Foundation acquired the shares on 2 November 2026.
- The purchase price was Rs1,022.42 per share.
- Pakistan Services owns and operates Pearl-Continental hotels.
- A proposed company restructuring was under negotiation in September 2026.
Key facts
- Voting shares acquired
- 6,406,797
- 2 November 2026
- Stake acquired
- 19.70%
- of total voting shares
- Transaction value
- Approximately Rs6.55 billion
Fauji Foundation acquired a 19.70% voting stake in Pakistan Services Limited PSEL for approximately Rs6.55 billion, buying 6,406,797 shares at Rs1,022.42 each on 2 November 2026. Pakistan Services said it received a letter from the foundation dated 2 November and sent the acquisition disclosure to the Pakistan Stock Exchange on 3 November.
| Item | Detail |
|---|---|
| Shares acquired | 6,406,797 voting shares |
| Price per share | Rs1,022.42 |
| Foundation's resulting stake | 19.70% |
Pakistan Services was established in 1958 and owns and operates Pearl-Continental hotels, franchises the hotel name and trademark, and runs a budget hotel property in Lahore. Fauji Foundation is a charitable trust based in Rawalpindi; it has no nominee director on Pakistan Services' board.
In September 2026, Pakistan Services said a proposed restructuring was being negotiated to help resolve a matter before the Islamabad High Court. The company said the proposal would be finalised through definitive agreements.
Stocks in this story
This story was produced by the Investify News Desk with automated tools and checked against the sources listed. Report an error: support@investify.pk. Editorial policy
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