SECP approves New Nazimabad apartments REIT public offering

August 18, 2026 (MLN): The Securities and Exchange Commission of Pakistan (SECP) has approved the Offer for Sale prospectus of Naya Nazimabad Apartments REIT (NNAR) for listing on the Pakistan Stock Exchange (PSX).

The Naya Nazimabad offering marks the 13th public offering approved in 2026, reflecting continued momentum in the primary capital market, with businesses across manufacturing, technology, energy, food, agriculture and real estate increasingly turning to the stock exchange to raise growth capital.

The offering comprises 44.06 million units, representing 15% of the REIT Scheme’s total units. The offering will be conducted through the book-building mechanism, with 75% allocated to institutional investors and high-net-worth individuals and 25% to retail investors.

NNAR is a closed-end Developmental REIT established under the Real Estate Investment Trust Regulations, 2022.

The scheme is developing acquired real estate into commercial, retail and residential units, with returns to unit holders generated through the sale of completed properties.

Pakistan now has 29 registered REIT schemes, with six listed on PSX. NNAR will become the seventh listed REIT, further expanding regulated real estate investment opportunities.

SECP Chairman Dr. Kabir Ahmed Sidhu said the growing number of public offerings reflects increasing use of the capital market for business financing and investment.

He said a strong primary market helps channel savings into productive investment and provides businesses with alternative sources of long-term financing.

Dr. Kabir Ahmed Sidhu added that the SECP is working to reduce the time and cost of raising capital, improve transparency and price discovery, and broaden issuer and investor participation.

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