Karachi: Pakistan Services Limited (PSEL) announced a substantial acquisition of its voting shares by Fauji Foundation, marking a notable development in the financial landscape. The disclosure, made on November 3, 2026, comes in compliance with relevant regulations under the Securities Act, 2015.

According to the details provided, Fauji Foundation, a charitable trust based in Rawalpindi, has acquired a total of 6,406,797 voting shares, equating to 19.70% of Pakistan Services Limited's total voting shares. The acquisition was executed at a price of Rs.1,022.42 per share. The transaction was officially recorded on November 2, 2026.

The information was disclosed to the Pakistan Stock Exchange (PSX) in accordance with Section 110 of the Securities Act, 2015, and Regulation 4(2) of the Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Regulations, 2017. According to information available from the Pakistan Stock Exchange (PSX), this acquisition represents a significant move within the market category.

The acquisition details were also communicated to the Chief Executive Officer of Pakistan Services Limited and the Securities & Exchange Commission of Pakistan, ensuring transparency and adherence to regulatory requirements. Fauji Foundation's acquisition does not currently involve any representation on the board of directors of Pakistan Services Limited.

Fauji Foundation, incorporated on March 8, 1972, is governed by its Central Board of Directors, which includes several retired military officials and other prominent figures. The organization operates from its registered address on Tipu Road in Chaklala, Rawalpindi.

This strategic acquisition by Fauji Foundation highlights its investment interest in Pakistan Services Limited, a key player in its sector, potentially impacting the company's future strategic direction and market performance.