PHDL and SIUT Trust extend property transfer agreement

In a notification sent to PSX on 10/05/2024, Pakistan Hotels Developers Limited (PHDL) has announced that the agreement execution date is revised to August 7, 2024.

This is for your information that in pursuant of EOGM held on November 13, 2023 and the sale agreement between the Pakistan Hotels Developers Limited (PHDL) and SIUT Trust has mutually extended the last date of agreement execution/ final transfer of Property for further another 90 days from previous last date of agreement execution i.e. May 11, 2024. The new extended last date of agreement execution will be August 07, 2024. The other clauses of agreement will remain enforceable, as original.

PHDL shares were last trading at Rs. 435 today.