AKD Group Acquires Significant Stake in Pakistan Services Limited

AKD Group Holdings (Private) Limited, previously known as Aqeel Karim Dhedhi Securities (Private) Limited, has procured a substantial 27.95% shareholding in Pakistan Services Limited (PSL), the entity that manages Pearl Continental Hotels. The acquisition was valued at Rs6.36 billion.

PSL communicated this development in a notification submitted to the Pakistan Stock Exchange (PSX) on Thursday.

The notification stated, “The company has received correspondence dated July 15, 2025, from AKD Group Holding (Private) Limited, formerly Aqeel Karim Dhedhi Securities (Private) Limited. This correspondence contains a disclosure in accordance with Section 110 of the Securities Act, 2015, read with regulation 4 (2) of the Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Regulations, 2017, pertaining to the acquisition of 27.95% of the company’s voting shares.”

According to the notice, on July 14, 2025, AKD Group Holdings (Private) Limited, in conjunction with its subsidiary AKD Securities Limited, obtained 9,089,651 voting shares of Pakistan Services Company at a price of Rs700 per share, totaling over Rs6.36 billion.

As a result of this acquisition, AKD Group Holdings now possesses a total of 9,089,651 shares in Pakistan Services Limited, representing 27.95% of the company’s total issued voting shares.

Pakistan Services Limited is primarily involved in the hotel industry, owning and operating the Pearl Continental Hotels chain.

Information available on PSX indicates that PSL also possesses a smaller property in Lahore, operating as a budget hotel.

PSL also licenses the use of its trademark and brand name “Pearl Continental”.