Fauji Foundation acquires nearly 20% stake in Pakistan Services for Rs6.55 billion
Fauji Foundation, one of Pakistan’s largest conglomerates, has acquired a 19.70% stake in Pakistan Services Limited (PSL) for approximately Rs6.55 billion, i.e. $23.7 million. PSL disclosed the development in a notice to the Pakistan Stock Exchange (PSX) on T...
Fauji Foundation, one of Pakistan’s largest conglomerates, has acquired a 19.70% stake in Pakistan Services Limited (PSL), which owns and manages the chain of Pearl Continental Hotels, for approximately Rs6.55 billion, i.e. $23.7 million. PSL disclosed the development in a notice to the Pakistan Stock Exchange (PSX) on Tuesday. Fauji Foundation acquired 6,406,797 voting shares of Pakistan Services on November 2, 202...