SECP clears Signature Residency REIT IPO

The Securities and Exchange Commission of Pakistan has approved the prospectus for the offer for sale and initial public offering of Signature Residency REIT, clearing the way for its listing on the Pakistan Stock Exchange (PSX).

The offering comprises 8.25 million units, representing 25 per cent of the total units of REIT. The offer for sale is being made by existing unitholders, who are proportionately divesting a quarter of their holdings to the public.

Signature Residency REIT is a Sharia-compliant developmental real estate investment trust managed by Arif Habib Dolmen REIT Management Limited. Upon listing, it will become the second REIT scheme to be listed on the PSX during the current financial year.

The listing will also mark the fifth IPO on the PSX Main Board so far in FY2025-26, taking the total number of listed REIT schemes in Pakistan to five. The increased pace of listings points to renewed issuer interest in capital market financing and a gradual expansion of investment avenues for the public.

Market activity in the IPO segment has gathered momentum during the ongoing financial year, reflecting improving sentiment and confidence in the regulatory framework. Officials say a stronger pipeline of listings can support domestic capital formation and encourage broader participation in formal financial markets.

The SECP has recently revised the Public Offering Regulations, 2017, with the aim of simplifying procedures and reducing approval timelines. The changes are intended to make it easier for companies and schemes to raise capital through public offerings, while also improving access and transparency for investors.