Thatta Cement Turns Hospitality Tycoon with Massive Pearl Continental Investment

Thatta Cement Company Limited has taken a bold step into the hospitality sector with a Rs6.5 billion investment. The company has acquired a 28% stake in Pakistan Services Limited, which owns and operates the Pearl Continental Hotel chain. Thatta Cement Invests Rs6.5B in Pearl Continental Stake to diversify beyond its cement roots. By purchasing 9.1 million shares at Rs710 each, the company signals its intent to expand its portfolio. This move opens new doors for growth while creating long-term value for shareholders.

Meanwhile, Thatta Cement has strengthened its financial foundation with a Rs5.5 billion Islamic Sukuk. This Sukuk is rated, secured, listed, and privately placed. It improves the company’s capital base and supports future expansion plans. Investors showed strong confidence in the company’s management and strategy. This financial move will help Thatta Cement pursue opportunities in various industries. It also shows the company’s commitment to responsible and stable growth.

The company’s financial performance has been strong in the current fiscal year. Gross sales climbed to Rs11.14 billion, up from Rs9.98 billion the previous year. Net sales rose to Rs7.57 billion, while gross profit reached Rs2.15 billion. Profit after tax jumped to Rs2.56 billion, compared to Rs1.50 billion last year. Earnings per share grew from Rs17.72 to Rs30.18, showing higher efficiency. The company also paid Rs5.5 billion in taxes and levies, supporting the national economy.

Thatta Cement is also focused on clean energy and sustainability. It launched a 5 MW solar power project and a 4.8 MW wind energy plant. A Waste Heat Recovery Plant now uses leftover heat to power operations, cutting carbon emissions. These green projects help local communities and reduce the environmental impact. The company’s efforts show a strong commitment to energy conservation and a cleaner future.

Alongside business growth, Thatta Cement continues its work in community welfare. It runs free health camps, plants 10,000 trees yearly, and operates a screening clinic. Employees receive support through housing, education, meals, and healthcare. By investing in people and new sectors, Thatta Cement proves it’s more than just a cement maker. Thatta Cement Invests Rs6.5B in Pearl Continental Stake reflects a shift toward modern, responsible, and diversified business leadership.