Pakistan, July 18 -- AKD Group Holdings (Private) Limited, formerly known as Aqeel Karim Dhedhi Securities (Private) Limited, has acquired a significant 27.95% stake in Pakistan Services Limited (PSL), the operator of Pearl Continental Hotels, for Rs6.36 billion.

PSL disclosed the development in its notice to the Pakistan Stock Exchange (PSX) on Thursday.

"The company has received a letter dated July 15, 2025 from AKD Group Holding (Private) Limited, formerly Aqeel Karim Dhedhi Securities (Private) Limited, wherein they have made disclosure in term of Section 110 of the Securities Act, 2015 read with regulation 4 (2) of the Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Regulations, 2017 with respect to the ac...