Maple Leaf plans to buy majority stake in Pioneer Cement

Maple Leaf Cement Factory Limited (MLCF) has moved to acquire a majority stake in Pioneer Cement Limited (PIOC), submitting an intention to purchase at least a 58.03% shareholding to the Pakistan Stock Exchange (PSX). “Next Capital Limited, vide its letter dated November 13, 2025, which was disclosed to the PSX, has announced that on behalf of Maple Leaf Cement Factory Limited (acquirer), it has submitted the acquirer’s public announcement of intention to acquire at least 58.03% shareholding and control of Pioneer Cement Limited,” Pioneer Cement said in its notice to the bourse on Friday. MLCF informed on Thursday that it was considering purchasing PIOC shares. However, at the time, the company did not disclose the number of shares it intends to purchase. Middle East Vision Holdings Ltd currently holds PIOC’s majority stake of 47%, said JS Global in a note.