Karachi: In a recent development impacting the designated market category of the Pakistan Stock Exchange, a significant transaction was executed as Mr. Dawood Jan Mohammad acquired 9,107,800 voting shares of Pakistan Services Limited. The acquisition took place on July 14, 2025, at a price of Rs. 700 per share. This transaction results in Mr. Mohammad holding a total of 9,107,800 voting shares, which constitutes 28% of the total issued voting shares of the company, marking a very large or significant move in the company's shareholding pattern.

According to information available from the Pakistan Stock Exchange (PSX), this acquisition falls under the disclosure requirements as per Section 110(1) of the Securities Act, 2015. The particulars provided indicate that Mr. Mohammad’s registered address is House#4, 9th street, Zamzama Blvd, DHA Phase 5, Karachi, and his CNIC number is 42000-0444709-9.

The disclosure further clarifies that there are no persons acting in concert with Mr. Mohammad, and as such, no additional shares are held by any third party in relation to this acquisition. There is also no representation by Mr. Mohammad or any person acting in concert on the board of directors of Pakistan Services Limited.

The acquisition signifies a shift in the ownership structure of Pakistan Services Limited, potentially impacting the company's governance and future strategic decisions. This development is closely watched by market participants and stakeholders within the PSX.