- August 24, 2026
- Posted by: Tresmark
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AKD Securities Limited has obtained the Request for Statement of Qualification (RSOQ) issued by the Privatization Commission for the proposed divestment of Gujranwala Electric Power Company (GEPCO) through privatization.
The company’s Board of Directors has approved its participation in a consortium comprising AKD Securities Limited, Fast Cables Limited, AJCL (Private) Limited, and Mughal Iron & Steel Industries Limited.
Under the consortium arrangement, the members have irrevocably designated AKD Securities as the Lead Consortium Member, authorizing it to conduct business on behalf of the consortium throughout the privatization process.
AKD Securities clarified that, as of August 24, it has not assumed any binding obligation in connection with the transaction. The proposed participation remains subject to pre-qualification by the Privatization Commission as well as all required corporate and regulatory approvals.
The company said it will keep the Pakistan Stock Exchange informed of any material developments regarding the transaction.
