Arif Habib REIT Management Ltd.
Arif Habib Group has formally entered the Real Estate Investment business by becoming the first to incorporate a Company under the NBFC Rules to provide REIT Management Services and float REIT Schemes in Pakistan.
Arif Habib REIT Management Limited has been formed with the primary objective of managing the Real Estate Investments of the Group and converting these assets into equity by launching either Rental or Developmental REIT Schemes and offering the units to the general public. The Regulations approved by the SECP require that each REIT scheme must have a minimum size of Rs. 2 billion and that the RMC must hold a minimum of 20% in each REIT Scheme. This would require the Group to make substantial investments in Real Estate for which the Group is firmly committed. In line with global practice, Arif Habib Group will further form companies to offer Property Management Services and other Real Estate services to augment its REIT Management business. A number of REIT schemes have been filed with SECP for its approval.