AKD Group Holding (Private) Limited—formerly M/S Aqeel Karim Dhedhi Securities (Private) Limited has acquired 27.95% of voting shares in Pakistan Services Limited (PSEL), the operator of Pearl-Continental Hotels, according to a filing at the Pakistan Stock Exchange (PSX) on Thursday.
“The Company has received a letter dated July 15, 2025 from AKD Group Holding (Private) Limited [formerly M/S Aqeel Karim Dhedhi Securities (Private) Limited] wherein they have made disclosure in term of 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 with respect to the acquisition of 27.95% voting shares of the Company,” read Pakistan Services Limited’s notice sent to the PSX.
The acquisition, completed on July 14, 2025, involved the purchase of 9,089,651 shares at a rate of Rs. 700 per share, bringing the total transaction value to Rs 6.36 billion.
The shares were acquired through AKD Group Holdings and its subsidiary, AKD Securities Limited. AKD Group Holdings now holds 24.26% of the shares, amounting to 7,889,651 shares, while AKD Securities Limited holds 3.69%, equivalent to 1,200,000 shares.
This acquisition positions AKD Group Holdings as a major shareholder in Pakistan Services Limited, further solidifying its stake in the company’s future operations.
Pakistan Services Limited, incorporated on December 6, 1958, is principally engaged in the hotel business and owns and manages the chain of Pearl Continental Hotels.
The company also owns one small sized property in Lahore operating under the budget hotel concept. It also grants franchise to use its trade mark and name “Pearl Continental”.
