ISLAMABAD: Mansour Al Mosaid, a Saudi company, Tuesday bought the National Power Construction Company (NPCC) for Rs2.49 billion by claiming the highest bidding for the privatisation of the national entity.
Privatisation Commission Chairman Muhammad Zubair said that other organizations including Pakistan International Airlines (PIA) and Steel Mills would also be privatised in coming months. Mosaid offered Rs1,420 per share. The government had offered 80 percent of company’s shares to potential buyers while the remaining 12 percent are owned by the employees.
