ILAM acquired the management rights to the Fahari I-REIT in 2020 from STANLIB. The strategic plan also expired in 2020 so ILAM as REIT Manager undertook a strategic review in 2021 with the aim of developing a new plan that would enhance the REIT’s returns, effectiveness and sustainability
27/11… ILAM Fahari Real Estate Investment Trust (NSE: FAHR) unitholders have approved the proposed operational restructuring and the delisting of the REIT from the main investment market segment of the Nairobi Securities Exchange (NSE).
Extraordinary General Meeting of ILAM Fahari I-REIT held on 24th November 2023
The Nairobi Securities Exchange (NSE) listed real estate investment trust ILAM Fahari Real Estate Investment Trust (NSE: FAHR) will hold an Extraordinary General Meeting (EGM) to seek its unitholders' approval to convert to a restricted I-REIT this Friday.
References are made to: (i) the Conversion Offering Memorandum dated 25th August 2023 (the ‘COM’); (ii) the ILAM FAHARI I-REIT (the ‘REIT’) media press release dated 22nd October 2023 (the ‘Press Release’); and (iii) the public notice announcing the results of the ILAM Redemption Offer dated 23rd October 2023 (the ‘Public Notice’).