Listing on PSX: SECP approves Offer for Sale prospectus of NNAR

ISLAMABAD: Pakistan’s primary capital market continues to gain momentum as the Securities and Exchange Commission of Pakistan (SECP) has approved the Offer for Sale prospectus of Naya Nazimabad Apartments REIT (NNAR) for listing on the Pakistan Stock Exchange (PSX).

The Naya Nazimabad offering marks the 13th public offering approved in 2026, reflecting strong primary-market momentum, with businesses across manufacturing, technology, energy, food, agriculture, and real estate increasingly turning to the stock exchange to raise growth capital.

The offering comprises 44.06 million units, representing 15 percent of the REIT Scheme’s total units. The offering will be conducted through the book-building mechanism, with 75 percent allocated to institutional investors and high-net-worth individuals and 25 percent to retail investors.

SECP Chairman Dr Kabir Ahmed Sidhu said the growing number of public offerings reflects increasing use of the capital market for business financing and investment. “A strong primary market helps channel savings into productive investment and provides businesses with alternative sources of long-term financing,” he said.

Copyright Business Recorder, 2026