Saudi Investment Boosts Pakistan’s Power Sector as Prince Mansour Acquires Majority Stake in K-Electric
Saudi Investment Boosts Pakistan’s Power Sector as Prince Mansour Bin Mohammed Al Saud Moves to Acquire Majority Stake in K-Electric
In a landmark move underscoring the strengthening economic partnership between Saudi Arabia and Pakistan, Mr. Shehryar Chishti has signed a Memorandum of Understanding (MoU) with Prince Mansour Bin Mohammed Al Saud for the sale of a majority stake in K-Electric (KE).
The transaction represents the largest Saudi investment in Pakistan’s power sector, opening the door for Saudi participation in K-Electric’s management and future strategic direction.
Government and business leaders from both nations have welcomed the agreement, hailing it as a milestone in Saudi-Pakistan business cooperation and a strong indicator of Saudi Arabia’s growing interest in Pakistan’s energy and infrastructure development.
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