SECP Clears Signature Residency REIT IPO Listing

KARACHI: The Securities and Exchange Commission of Pakistan (SECP) has granted final approval for the IPO and offer for sale of Signature Residency REIT (SRR), paving the way for its listing on the Pakistan Stock Exchange (PSX). The offer involves 8.25 million units — representing 25% of the REIT’s total units — to be divested proportionately by existing unitholders to the public. Signature Residency REIT is a Shariah-compliant developmental scheme managed by Arif Habib Dolmen REIT Management Limited. This marks the fifth listing on the PSX Main Board in FY2025-26 and the second REIT to go public this year, raising the total number of listed REITs to five. SECP highlighted that the rising number of listings strengthens domestic capital formation, promotes financial inclusion, and enhances transparency and corporate governance. Market analysts interpret the momentum as a sign of growing issuer confidence and expanded investment choices for both retail and institutional investors. The regulator attributed the positive trend to recent amendments in the Public Offering Regulations, 2017, which have shortened approval timelines, improved operational efficiency, and made the IPO process more accessible for issuers while delivering a better experience for investors.