Thatta Cement Acquires 28% Stake in Pakistan Services Limited, Parent Company of Pearl Continental Hotels, for Rs. 6.45 Billion

Thatta Cement Company Limited has acquired a 28 percent voting stake in Pakistan Services Limited, the parent company of Pearl Continental Hotels, for Rs. 6.45 billion. The transaction includes the purchase of 9.1 million shares at a rate of Rs. 710 per share, as disclosed in a notice submitted to the Pakistan Stock Exchange. This strategic investment marks a significant move by Thatta Cement into Pakistan’s hospitality and tourism sector, diversifying its business portfolio beyond cement manufacturing.

The acquisition follows AKD Group Holdings’ purchase of a 27.95 percent stake in Pakistan Services Limited in July 2025, signaling growing investor confidence in the country’s hotel and leisure industry. Pakistan Services Limited manages the Pearl Continental Hotels chain and operates several other hospitality and tourism ventures across major cities, contributing to the development of Pakistan’s premium travel and accommodation sector.

Industry analysts suggest that the entry of Thatta Cement into the hospitality market reflects a broader trend of cross-sector investments aimed at capitalizing on Pakistan’s expanding domestic tourism and business travel demand. The move may also strengthen the company’s financial position through diversification and long-term growth opportunities within the high-value service industry.