AKD Group Holding (Private) Limited has acquired a 27.95% stake in Pakistan Services Limited (PSX: PSEL), the company that owns and operates Pearl Continental Hotels. This move marks a major milestone in AKD Group’s expansion into Pakistan’s hospitality sector.
On July 15, 2025, PSEL submitted the acquisition disclosure to the Pakistan Stock Exchange (PSX). The company filed the notice under Section 110 of the Securities Act, 2015, and Regulation 4(2) of the Takeovers Regulations, 2017.
AKD Group Holding, previously operating as Aqeel Karim Dhedhi Securities (Private) Limited, informed PSEL about the transaction. In response, PSEL disclosed the deal under Section 96 of the Securities Act and Clause 5.6.1(a) of the PSX Rule Book.
PSEL operates a wide network of Pearl Continental Hotels in cities such as Karachi, Lahore, Rawalpindi, Peshawar, and Bhurban. It also manages a small budget hotel in Lahore and offers franchises under the Pearl Continental brand name.
This acquisition reflects AKD Group’s long-term diversification strategy. The group, already active in finance, energy, and real estate, is now tapping into tourism and hospitality. As a result, it strengthens its investment profile while gaining a foothold in an industry poised for growth.
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Furthermore, analysts believe this deal could lead to significant changes in hotel operations. The AKD Group PC Hotels stake might support service innovation, tech integration, and stronger guest experiences. With increased resources, PSEL could also expand into new markets and upgrade current facilities.
Although both companies have not disclosed the transaction value, analysts estimate the deal exceeds Rs. 6 billion, based on market trends and share value. AKD Group executed the deal off-market, ensuring stability in PSEL’s stock performance during the transfer.
The timing of this acquisition is also significant. Domestic tourism in Pakistan has seen steady growth in recent years. With improved infrastructure, enhanced safety, and digitalization, the hospitality industry is attracting renewed attention from major investors.
Going forward, this partnership may unlock several benefits. AKD’s capital strength and strategic direction could enhance Pearl Continental’s footprint and customer offerings. At the same time, PSEL brings brand equity and hospitality expertise to the table.
This stake acquisition represents more than a shift in ownership. It signals growing institutional confidence in Pakistan’s services sector. As AKD Group enters the hotel business, industry observers expect more innovation, competitiveness, and investor activity in hospitality.
In conclusion, the AKD Group PC Hotels stake adds momentum to the transformation of Pakistan’s hotel industry. With both companies aligned on growth, the future of Pearl Continental Hotels looks promising.
