Ahmed & Qazi is pleased to announce that it is acting as legal counsel in the initial public offering of Signature Residency REIT on the Pakistan Stock Exchange.
Signature Residency REIT is a shariah compliant, developmental REIT scheme launched by Arif Habib Dolmen REIT Management Limited, with the Central Depository Company of Pakistan Limited acting as the trustee.
Upon completion of the hashtag#IPO, SRR will be Pakistan’s fifth ever listed REIT and second ever listed developmental REIT.
The IPO comprises an offer of 8.25 million REIT units (constituting 25% of the total REIT equity) by a consortium that consists of ARIF HABIB CORPORATION LIMITED, Naya Nazimabad (Javedan Corporation Limited) and others.
Arif Habib Limited is acting as the consultant to this issue, with Ismail Iqbal Securities (Pvt.) Limited as the underwriter and Meezan Bank Limited as the banker to the offer.
A&Q’s team for this matter is led by Saim Hashmi and Altan Ahmed, with assistance from a team of associates at the firm.
