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REITs collect money from investors and deploy it in real estate projects. — Photo courtesy Sana Agboatwala/File KARACHI: After six years of radio silence from over half a dozen companies with a licence to manage real estate investment trusts (REITs), as many as six transactions worth up to Rs38 billion are likely to take place within 2021-22. Speaking to Dawn in a recent interview, Arif Habib Dolmen REIT Management CEO Muhammad Ejaz said his company will soon launch four REITs in addition to the two schemes that the company announced earlier this month. REITs collect money from investors a...

REITs collect money from investors and deploy it in real estate projects. — Photo courtesy Sana Agboatwala/File KARACHI: After six years of radio silence from over half a dozen companies with a licence to manage real estate investment trusts (REITs), as many as six transactions worth up to Rs38 billion are likely to take place within 2021-22. Speaking to Dawn in a recent interview, Arif Habib Dolmen REIT Management CEO Muhammad Ejaz said his company will soon launch four REITs in addition to the two schemes that the company announced earlier this month. REITs collect money from investors a...

The Shariah-compliant REIT scheme envisages investment in undeveloped land in Karachi. — AFP/File ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has approved registration of the first Shariah-compliant developmental Real Estate Investment Trust (REIT) scheme in Pakistan under the revamped REIT regulatory framework. “The Arif Habib Dolmen REIT Management Ltd, a company having a successful track record of launching the only REIT scheme in the country, has successfully partnered with leading business groups for entering into an arrangement with a commercial bank, enabli...