Karachi: Pakistan Services Limited (PSEL) has announced a significant acquisition of its voting shares by AKD Group Holding (Private) Limited, marking a pivotal development in the company's shareholder structure. The announcement, made on July 15, 2025, highlights the acquisition of 27.95% of PSEL's voting shares by AKD Group Holding, formerly known as M/S Aqeel Karim Dhedhi Securities (Private) Limited.

The disclosure was made in adherence to Section 96 of the Securities Act, 2015, and Clause 5.6.1(a) of the Pakistan Stock Exchange (PSX) Rule Book. It is also in compliance with the Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Regulations, 2017. According to information available from the Pakistan Stock Exchange (PSX), this development represents a very large or significant move in the ownership structure of PSEL.

The letter received from AKD Group Holding on July 15, 2025, details the acquisition, which is in line with Section 110 of the Securities Act, 2015, and regulation 4 (2) of the aforementioned regulations. The PSX has been requested to disseminate this information promptly as required under regulation 5 of the regulations.

The acquisition by AKD Group Holding is expected to bring changes to the company's market strategy and governance, although specific plans have not been disclosed. The move is categorized under the designated market category of substantial acquisitions, highlighting its importance for stakeholders and market observers.

Market analysts and company shareholders will be closely monitoring the impact of this transaction on PSEL's future operations and strategic direction. The PSX has been tasked with informing its members about this significant development as per the regulations.