AHCL Wins Top Spot in PIA Privatisation

Arif Habib Corporation Limited (AHCL) announced that the consortium led by AHCL, comprising Fatima Fertilizer Company Limited (FATIMA), The Lake City Holdings Limited, AKD Group Holdings Limited and City Schools Limited, has participated in the bidding process for the privatisation of Pakistan International Airlines Corporation Limited (PIACL) held on 23rd December 2025. The AHCL-led consortium has been declared the Highest Ranked Bidder after submitting a bid price of PKR 135 billion for the step-wise acquisition of 75% equity stake in PIACL.

In line with the prescribed privatisation process, confirmation of acceptance of the bid price remains subject to the requisite approvals, including approvals and recommendations of the Board of the Privatisation Commission and the decision of the Government of Pakistan / Federal Cabinet. Upon receipt of such approvals, a Letter of Acceptance shall be issued declaring the Successful Bidder. AHCL shall continue to make timely disclosures of all material and price-sensitive information.

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AHCL share price was Rs. 17.40 today.

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