Lahore: The Board of Directors of First Capital Securities Corporation Limited convened a meeting on July 22, 2025, making key decisions to expand its investment portfolio in the real estate sector. The meeting, which took place in Lahore, saw the approval of significant investments subject to the necessary corporate, legal, and regulatory approvals.

During the board meeting, it was resolved that the company's CEO or any one of the directors would be authorized to acquire 9,161,528 ordinary shares in Pace Super Mall (Pvt.) Limited. This move aligns with the provisions outlined in section 199 of the Companies Act, 2017. The strategic acquisition is aimed at bolstering the company's stake in the retail property sector.

In another decisive move, the Board approved an equity investment of up to Rs. 1.50 billion in the share capital of Pace Barka Properties Limited. This investment is also in accordance with section 199 of the Companies Act, 2017, and is indicative of the company's commitment to expanding its footprint within the real estate market.

According to information available from the Pakistan Stock Exchange (PSX), these investments by First Capital Securities Corporation Limited reflect a strategic initiative to enhance its portfolio, particularly in high-growth sectors such as retail and real estate development. The investment in Pace Barka Properties Limited, in particular, represents a very large or significant move in terms of capital allocation.

Additionally, the Board has granted authorization to the CEO and the Company Secretary to call for an Extraordinary General Meeting. This meeting will facilitate the necessary discussions and approvals from shareholders and determine the book closure dates for these transactions.

The company has communicated these developments to the TRE Certificate Holders of the exchange, marking an important step in its ongoing expansion strategy. This decision underscores First Capital Securities Corporation Limited's strategic focus on capitalizing on growth opportunities within the real estate sector.