Fauji Foundation Acquires 19.70% Stake in Pakistan Services Limited
Fauji Foundation has acquired 19.70% of the voting shares in Pakistan Services Limited, strengthening its shareholding position in the company, according to a disclosure submitted to the Pakistan Stock Exchange (PSX).
Pakistan Services Limited (PSEL), the operator of the Pearl-Continental Hotels brand and other hospitality businesses, has informed the Pakistan Stock Exchange about a significant share acquisition by Fauji Foundation.
In a disclosure dated November 3, 2026, Pakistan Services Limited confirmed that it had received a formal letter from Fauji Foundation on November 2, notifying the company about the acquisition under Section 110 of the Securities Act, 2015, and the Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Regulations, 2017.
According to the disclosure submitted by Fauji Foundation, the organisation acquired 6,406,797 voting shares of Pakistan Services Limited on November 2, 2026, at a reported price of Rs1,022.42 per share.
Following the transaction, Fauji Foundation’s total shareholding in Pakistan Services Limited stands at 6,406,797 shares, representing 19.70% of the company’s total voting shares.
The acquisition was formally communicated to the Pakistan Stock Exchange and the Securities and Exchange Commission of Pakistan (SECP) through the required regulatory disclosure process.
Fauji Foundation, established on March 8, 1972, is a charitable trust registered in Rawalpindi. Its disclosure identifies the organisation as the acquirer and provides details of its registered address and board of directors.
Pakistan Services Limited submitted the material information to the stock exchange to ensure transparency and compliance with applicable securities regulations. The company also requested the PSX to make the information immediately available to market participants.
The transaction represents a notable development in the ownership structure of Pakistan Services Limited. Investors and market participants will likely monitor any subsequent company announcements concerning the shareholding position and related corporate developments.
However, the disclosure does not specify any proposed changes to the company’s management, board composition, business strategy or operations following the acquisition.
The announcement highlights the importance of regulatory disclosures in maintaining transparency and keeping shareholders informed about significant changes in the ownership of listed companies.
Source: Pakistan Services Limited’s material information disclosure to the Pakistan Stock Exchange dated November 3, 2026, along with Fauji Foundation’s acquisition disclosure dated November 2, 2026.
