Everything to know about OZ Developers, the owner of new PSL team Sialkot

Two new franchises were added to the Pakistan Super League (PSL) XI on Thursday, as OZ Developers secured the Sialkot franchise with a hefty bid of Rs1.85 billion, shortly after the FKS Group won the Hyderabad team for Rs1.75 billion at the league’s auction.

The bidding process for the two new teams saw participation from FKS, OZ Developers, Aim Next Inc, Deharki Sugar Mills, Inverex Solar, i2c, Jazz, Prism Developers, VGO Tel, and Walee Pakistan.

With the expansion, the PSL now features eight teams. The existing franchises include Lahore Qalandars, Islamabad United, Peshawar Zalmi, Quetta Gladiators, Karachi Kings, and Multan Sultans.

SIALKOT IS THE LATEST ENTRANT 🥳

The #HBLPSL family is now complete! Congratulations OZ Group 👏

📺 Watch LIVE on the PSL YouTube channel & the PCB Live app (UK region)
🔗 https://t.co/HNapgvqaqu#NewEra pic.twitter.com/xlqYw8LIJV

— PakistanSuperLeague (@thePSLt20) January 8, 2026

OZ Developers

OZ Developers (Pvt) Ltd. is a prominent real estate development firm headquartered in Lahore, Pakistan. Led by Chairman Hamza Majeed, the company has expanded its operations internationally with offices in Australia, New Zealand, the UAE, and Kuwait.

The company is known for its high-rise developments in Lahore, characterized by a unique “live construction stream” feature that allows investors to monitor progress 24/7.

PSL expansion fetches Rs3.6 billion as seventh, eighth teams are auctioned

The FKS Group on Thursday secured the bid for the Pakistan Super League’s seventh franchise, Hyderabad, with a hefty offer of Rs1.75 billion, while OZ Developers acquired ownership of the eighth team, Sialkot, for Rs1.85 billion at an auction held at the Jinnah Convention Centre in Islamabad. The base price for each franchise was set at Rs1.1 billion. Hyderabad will make its debut in the PSL, marking the city’s first appearance in the league since its launch in 2015.   🚨 SOLD – the magic moment! 🔨 FKS with the successful bid for Team No. 7️⃣ of #HBLPSL 👏 📺 […]

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