G3 REIT Management secures SECP licence for REIT services

According to Mettis Global, Ghani Global Holdings Limited (PSX: GGL) has disclosed that the Securities and Exchange Commission of Pakistan has awarded G3 REIT Management Limited a licence for REIT management activities as a non-banking finance company. The licence is valid until October 1, 2029. The disclosure was made through a notification to the exchange.

Ghani Global also stated that any scheme wording presenting the licence as pending, not yet issued or still to be secured will be treated as revised. Going forward, the scheme will record that G3 REIT Management now holds the necessary licence from the SECP. Other than that change in licence wording, the remaining provisions of the scheme are not altered.

The company has asked the PSX to pass the information to all TRE Certificate Holders of the exchange. The request also covers sharing the update further with investors.