KARACHI ( WNAM REPORT ): In a major development marking strengthened economic ties between Saudi Arabia and Pakistan, Shehryar Chishti has signed a Memorandum of Understanding (MoU) with Prince Mansour Bin Mohammed Al Saud for the sale of a majority stake in his holdings of K-Electric (KE).
This landmark agreement represents the largest Saudi investment in Pakistan’s power sector to date, effectively paving the way for Saudi participation in the management and future strategic direction of K-Electric.
The leadership of both countries has formally endorsed and congratulated the parties involved, recognizing the transaction as a milestone in advancing bilateral business-to-business (B2B) collaboration and reinforcing Saudi Arabia’s growing commitment to Pakistan’s energy and infrastructure sectors.
