Overview

• Thatta Cement bought 9,107,800 Pakistan Services voting shares at Rs710 each on October 13, 2025, according to a PSX notice.
• The acquisition leaves Thatta Cement holding about 9.1 million shares, equal to 28% of Pakistan Services’ issued voting stock.
• The transaction value is reported at approximately Rs6.5 billion and was disclosed under Section 110 of the Securities Act, 2015.
• Pakistan Services operates the Pearl Continental and Marriott hotel brands in major cities including Karachi, Lahore, Islamabad and Peshawar.
• Thatta Cement points to a recently completed Rs5.5bn Islamic Sukuk, improved FY2025 results, and new solar and wind projects as foundations for its diversification push.