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Investor group to acquire additional stake in Pakistan's Next Capital

A group of investors intends to acquire an additional 45.03% stake in Next Capital Ltd., according to a Dec. 11 news release.

The investor group is led by Next Capital CEO Muhammad Najam Ali and includes Hanna Khan and Zulqarnain Khan, members of the company's board. The investor group already owns a 29.95% stake in Next Capital and has hired JS Global Capital Ltd. as manager for the proposed offer.