ICPL transfers 37.5% holding to Dolmen, Al Feroz

MG News | January 24, 2022 at 03:11 PM GMT+05:00

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January 24, 2022 (MLN): Dolmen City Reit (DCR), Pakistan’s first REIT scheme, has informed that International Complex Project Limited (ICPL), a holding company has transferred 37.5% of its units to Dolmen (Private) Limited and Al Feroz (Private) Limited equally on January 21, 2022.

To note, the board of directors of ICPL, in its meeting held on 22 April 2021 had approved the reorganization/re-arrangement of the Dolmen Group comprising restructuring of ICPL. The arrangement became effective on 01 July 2021 as sanctioned by the Honorable High Court of Sindh through its rrder dated 03 November 2021.

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