Maple Leaf Cement acquires 88.28% stake in Pioneer Cement

Maple Leaf Cement Factory Limited (MLCF) acquired an 88.28% stake in Pioneer Cement Limited (PIOC), making PIOC its subsidiary. The acquisition included a public offer and share purchases under a Share Purchase Agreement dated December 17, 2025, completed on February 20, 2026.

“MLCF already holds 42,082,047 (18.53%) along with its group associates, and together with the aforementioned acquisition, MLCF and its associates’ collective stake now stands at 88.28% in the ordinary shares and control of PIOC, thereby rendering PIOC a subsidiary of Maple Leaf Cement Factory Limite”brecorder.com

• 2 sources
• brecorder.comMaple Leaf Cement acquires 88.28% stake in Pioneer Cement, gains control - Business & Finance - Business RecorderBR Web DeskFeb 23, 2026
• profit.pakistantoday.com.pkMaple Leaf Cement secures 88.28% stake in Pioneer Cement, makes it subsidiary - Profit by Pakistan TodayNews DeskFeb 23, 2026

Summarized from public sources; check the original articles before acting on it.