Karachi: TPL Trakker Limited has announced a significant move into the African market, as its associated company, Trakker Middle East LLC, secures a contract with SOCIETE “SEBIT” SARL to provide IoT-based fuel monitoring solutions in Chad. This venture marks Trakker Middle East LLC’s inaugural project in Africa, signifying an important geographic expansion beyond its established presence in the Middle East. The development is expected to pave the way for further opportunities in other African markets, where the company anticipates promising growth for IoT-based telematics and fuel monitoring solutions.

The announcement was made on August 28, 2025, in accordance with Sections 96 of the Securities Act, 2015, and Clause 5.6.1(a) of the Rule Book of the Pakistan Stock Exchange Limited. The move is a strategic effort to capitalize on emerging opportunities in Africa, as demand for innovative technological solutions continues to grow across the continent.

The project in Chad represents a very large or significant move for TPL Trakker as it positions itself as a key player in the IoT sector within Africa. According to information available from the Pakistan Stock Exchange (PSX), the announcement has been met with interest from investors and stakeholders, reflecting confidence in TPL Trakker’s strategic direction and potential for growth in new markets.

This development has been communicated to the TRE certificate holders of the Exchange, underscoring the company’s commitment to transparency and stakeholder engagement as it embarks on this new international venture.