Thatta Cement, Fauji Foundation sign deal for Pakistan Services restructuring

MG News | November 11, 2026 at 02:35 PM GMT+05:00

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November 11, 2026 (MLN): A definitive agreement for the proposed restructuring of Pakistan Services Limited has been signed between Thatta Cement Company Limited (PSX: THCCL) and Fauji Foundation.

The agreement is subject to the requisite corporate, regulatory and other necessary approvals, the company's filing on PSX revealed today.

Earlier, Fauji Foundation, a charitable trust based in Rawalpindi, acquired 6,406,797 voting shares of Pakistan Services Limited at Rs1,022.42 per share, representing a 19.70% stake in the company’s total voting shares.

It has no persons acting in concert in the acquisition and no nominee director on the board.

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