December 28, 2022
Globe Residency REIT (GRR) was listed on the Pakistan Stock Exchange (PSX) by Arif Habib Dolmen REIT Management Limited at a Gong Ceremony, making it Pakistan’s first listed Developmental Real Estate Investment Trust (REIT). Federal Minister for Finance & Revenue, Senator Ishaq Dar was the Chief Guest on the occasion. Besides the Federal Minister for Finance & Revenue, Dr Shamshad Akhtar, chairperson Pakistan Stock Exchange, Farrukh H Khan, CEO Pakistan Stock Exchange, Akif Saeed, Chairman SECP & Arif Habib, Chairman Arif Habib Group of Companies participated in the ceremony.
Arif Habib, Chairman, Arif Habib Dolmen REIT Management & Javedan Corporation, presented the welcome address. He said, “The REIT instrument allows investors a fresh avenue of a safe investment. This is also accessible to retail investors through listings”.
Chief Guest Senator Ishaq Dar welcomed the new REIT listing at the Pakistan Stock Exchange emphasizing that his government has always been an advocate in promoting the Capital Market. He congratulated Arif Habib Group on being pioneers in REITs & the listing of Globe Residency REIT.
Dr. Shamshad Akhtar, Chairperson PSX & Former Governor SBP in her address commended Arif Habib Group’s efforts to bring new products to the market & play its due role both in the financial & real economic segments.
Mr. Farrukh H Khan, MD, & CEO of PSX congratulated Mr. Arif Habib, Chairman, Arif Habib Dolmen REIT Management Limited for this landmark event on First listing of a Developmental REIT at PSX.