Karachi: First Dawood Properties Limited (FDPL) has announced the completion of its inaugural construction project in the Ayubia Commercial area of Karachi. The company is now actively seeking commercial tenants to generate rental income, as per a disclosure made under the Securities Act, 2015, and the regulations of the Pakistan Stock Exchange Limited.

The completion of this project marks a significant milestone for FDPL, as it ventures into the commercial real estate market. According to information available from the Pakistan Stock Exchange (PSX), the company aims to earn a rental income that aligns with its financial objectives.

The disclosure, made in compliance with Section 96 of the Securities Act, 2015, and related regulations, underscores the company's strategic move into the property sector. The development in Ayubia Commercial is expected to contribute to FDPL's growth by attracting tenants seeking commercial spaces in Karachi.

FDPL has requested the dissemination of this information to the members of TRE certificate holders, in line with the requirements set forth by the Pakistan Stock Exchange Limited. The completion of the project positions the company to capitalize on rental opportunities in a competitive market environment.

The announcement reflects FDPL's commitment to expanding its portfolio and generating sustainable income through commercial real estate ventures.