Saudi Investment Energizes Pakistan: Prince Mansour to Acquire Majority Stake in K-Electric
ISLAMABAD, October 11, 2025 — In a landmark move for Pakistan’s energy sector, Saudi investor Prince Mansour bin Saud is set to acquire a majority stake in K-Electric, marking one of the largest foreign investment deals in the country’s power industry in recent years.
The signing ceremony, held at the Chief Minister’s House in Karachi, was attended by senior Saudi and Pakistani officials and a 30-member delegation of the Saudi-Pakistan Business Council.
Pakistani entrepreneur Shaheryar Chishty, Chairman of AsiaPak Investments, confirmed the development, stating that 53.8% shares of KES Power Limited (KESP)—which holds 66.4% ownership in K-Electric—will be transferred to the Saudi investor under a newly signed Memorandum of Understanding (MoU).
“We are delighted to hand over our shares to Prince Mansour. This partnership will bring new capital, technology, and expertise to Pakistan’s power sector,” said Chishty.
Officials hailed the deal as a “breakthrough moment” for Pakistan’s energy landscape, bringing much-needed stability and opening the door for renewed investor confidence. The acquisition is expected to attract fresh Saudi investment into Karachi’s power generation, transmission, and distribution network, transforming the utility’s infrastructure and efficiency.
Sindh Chief Minister Murad Ali Shah welcomed the Saudi delegation, highlighting the province’s success in public-private partnerships and inviting investors to explore further opportunities across sectors including energy, housing, and infrastructure.
Prince Mansour bin Saud praised Pakistan’s growing economic potential, saying:
“Saudi Arabia sees tremendous opportunity in Pakistan’s privatization process. Our focus is long-term cooperation that strengthens energy security and economic growth.”
During the visit, two MoUs were signed — one for the purchase and sale of KESP shares, and another between K-Electric Limited and Trident Energy Limited to explore strategic energy collaborations.
Experts view this as a positive turning point for Pakistan’s energy market — ending years of ownership uncertainty and signaling renewed trust from international investors in the country’s economy.
