In a landmark move set to deepen Saudi-Pakistan economic relations, Prince Mansour Bin Mohammed Al Saud has signed an MoU with Pakistani investor Shehryar Chishti to acquire a majority stake in K-Electric (KE). The agreement marks the largest Saudi investment in Pakistan’s power sector, signaling growing investor confidence in the country’s energy market.
This development will enable Saudi participation in K-Electric’s management and strategic direction, potentially bringing in new expertise, modernization, and expanded energy infrastructure. The deal is expected to boost foreign direct investment (FDI) and enhance cooperation in the energy and infrastructure sectors between both nations.
Leaders from Pakistan and Saudi Arabia have formally endorsed the deal, hailing it as a milestone for bilateral B2B collaboration. Analysts view this as a step toward long-term stability and modernization of Pakistan’s power distribution network.
“This agreement represents not just an investment, but a commitment to strengthen energy cooperation between Saudi Arabia and Pakistan,” stated Prince Mansour Bin Mohammed Al Saud.
The move aligns with Saudi Arabia’s Vision 2030 goals of expanding its global investment footprint, particularly in emerging markets like Pakistan. Energy analysts believe this deal could attract further Middle Eastern investments into Pakistan’s power and infrastructure sectors.