hydrabadi_arab
Trusted Member
Govt’s shareholding in OGDCL rises to 77.53% after BESOS share transfer
OGDCL says 432.19 million shares held by Employees Empowerment Trust have been transferred back to the Government of PakistanOil and Gas Development Company Limited has informed the Pakistan Stock Exchange and the London Stock Exchange that 432,189,039 ordinary shares held by the OGDCL Employees Empowerment Trust have been transferred back to the Government of Pakistan.
In a notice dated July 9, 2026, the company said the transfer was made in line with the Supreme Court of Pakistan’s decision in cases relating to the Benazir Employees Stock Option Scheme.
Following the transfer, the Government of Pakistan’s direct shareholding in OGDCL has increased from 67.48% to 77.53%.
According to the notice, the shares were transferred to the President of the Islamic Republic of Pakistan on July 8, 2026, at a price of Rs 0 per share.
The government’s cumulative holding after the transfer stands at 3,334,337,220 shares, representing 77.53% of the company.
