Two companies get 56% interest in Pearl Continental Hotels for over RS12BN
An exterior view of the PC Hotel building in Karachi. – PC Hotels website/file Dawood Jan Muhammad acquires 9,107,800 for over Rs6.3bn. AKD Holding gets 9,089,651 shares of Pakistan Services Limited. PSL shares acquired by two entities at RS700 per share. Karachi: In a move that seems to be synchronized, two companies have acquired about 56% share of the company holding and managing the Pearl Continental Hotels chain, causing speculations for possible acquisition, The news reported on Monday. According to information submitted to the Pakistan Stock Exchange, according to 2015’s title law, Dawood Jan Muhammad bought 28% shares of Pakistan






