Q: Did Hamza Majeed submit the PSL franchise bank guarantee to PCB? A: Hamza Majeed confirmed during the press conference that he submitted the first-year franchise fee bank guarantee to PCB on January 15. He also provided a three-year corporate guarantee to secure future financial obligations. Q. Are OZ Developers bankrupt or in financial default? A: Hamza Majeed and his team clarified during the press conference that no regulatory authority - including PCB, SECP, FIA, or any banking institution - has declared OZ Developers bankrupt or in default. They have also initiated legal action against individuals spreading such claims. Q. Did Sialkot Stallionz sell 75% or 98% of its shares to another company? A: Hamza Majeed dismissed reports claiming 75%, 90%, or 98% share sales and labeled them speculative and inaccurate. He explained that any equity partnership would follow a structured process, require PCB approval, and be officially announced once finalized. Q. What was the issue regarding the alleged fake payment receipt? A: Hamza Majeed revealed that an investor shared a payment receipt claiming funds had been transferred under a partnership agreement. When the funds did not arrive, he investigated further and later suspected the receipt to be fabricated, prompting him to withdraw from the arrangement. Q. Has Sialkot Stallionz changed its coaching staff or squad due to the controversy? A: Hamza Majeed confirmed that Sialkot Stallionz has not changed its coaching staff or squad due to the controversy. He stated that the team remains intact and continues preparations for the upcoming PSL season without disruption.

February 25, 2026 - Consult Decide & Buy

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February 25, 2026

OZ Developers CEO Hamza Majeed Clarifies Sialkot Stallionz PSL Franchise Rumors in February 2026 Press Conference

In a comprehensive and high-profile press conference, Hamza Majeed, CEO of OZ Developers and owner of the Sialkot Stallionz franchise, addressed the recent wave of media rumors surrounding financial i ...

Day: February 25, 2026

OZ Developers CEO Hamza Majeed Clarifies Sialkot Stallionz PSL Franchise Rumors in February 2026 Press Conference

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Day: February 25, 2026

OZ Developers CEO Hamza Majeed Clarifies Sialkot Stallionz PSL Franchise Rumors in February 2026 Press Conference

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Copyright © CDB Real Estate All rights reserved

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