The Securities and Exchange Commission of Pakistan (SECP) has approved the Offer for Sale prospectus of Naya Nazimabad Apartments REIT, paving the way for its listing on the Pakistan Stock Exchange (PSX).
The offering comprises 44.06 million units, representing 15% of the REIT scheme’s total units. The units will be offered through the book-building mechanism, with 75% allocated to institutional investors and high-net-worth individuals, while the remaining 25% will be reserved for retail investors.
Naya Nazimabad Apartments REIT is a closed-end Developmental REIT established under the Real Estate Investment Trust Regulations, 2022.
The scheme is focused on developing acquired real estate into commercial, retail and residential properties. Unit holders are expected to generate returns through the sale of completed properties.
The listing will increase the number of publicly traded real estate investment vehicles in Pakistan. The country currently has 29 registered REIT schemes, including six that are listed on the Pakistan Stock Exchange.
Once listed, Naya Nazimabad Apartments REIT will become the seventh listed REIT on the PSX.
The offering also marks the 13th public offering approved by the SECP in 2026, reflecting continued activity in Pakistan’s primary capital market.
According to the regulator, businesses from sectors including manufacturing, technology, energy, food, agriculture and real estate are increasingly turning to the stock market to raise capital for expansion and growth.
SECP Chairman Dr. Kabir Ahmed Sidhu said the rising number of public offerings reflects growing reliance on capital markets for business financing and investment.
He noted that a strong primary market can help channel savings toward productive investments while giving businesses alternative sources of long-term financing.
Sidhu added that the SECP is working to reduce the time and cost associated with raising capital, improve transparency and price discovery, and encourage greater participation from issuers and investors.
