Lahore: Ghani Global Holdings Limited (GGL) announced a comprehensive restructuring scheme on June 19, 2026, aimed at transforming its corporate structure and expanding its real estate investments. The Scheme Compromise, Arrangement and Reconstruction (the "Scheme") was approved by the company's Board of Directors, subject to regulatory approvals and the sanction of the Honourable Lahore High Court, Lahore.
As part of the restructuring, GGL plans to distribute its shares in G3 REIT Management Limited (G3RMC) directly to its shareholders. This subsidiary is poised to play a pivotal role in the company's future as it seeks to establish a Real Estate Investment Trust (REIT) structure under the Special Purpose Vehicle (SPV) model. This will involve transferring designated real estate assets from G3 Homes LLP to G3 Properties (Private) Limited ("G3-SPV"), in accordance with the Real Estate Investment Trust Regulations, 2022.
The restructuring will also involve a significant reorganization of GGL's capital and equity structure. This includes issuing 75,000,000 ordinary shares to G3RMC and 60,000,000 shares to the partners of G3 Homes LLP. According to information available from the Pakistan Stock Exchange (PSX), G3RMC will issue 143,550,000 new shares to GGL shareholders and 100,000,000 shares to the partners of G3 Homes LLP. Additionally, G3-SPV will issue shares to both G3RMC and GGL as part of the asset transfer process.
In a move that marks a major step forward for GGL, G3RMC is set to be listed on the Pakistan Stock Exchange, pending requisite approvals. This follows the planned distribution of 180,000,000 ordinary shares of G3-SPV to GGL shareholders, granting them a direct economic interest in the REIT structure.
The scheme also outlines the issuance of additional shares by G3RMC to GGL shareholders, totaling 148,550,000 shares, and the distribution of G3-SPV shares, totaling 180,000,000 shares, to the GGL shareholders. The total outstanding shares of GGL stand at 654,119,590.
The successful implementation of the scheme will see G3RMC take on the role of the REIT Management Company, while G3-SPV will function as the SPV within the proposed REIT structure. This initiative represents a strategic move by GGL to streamline its operations and capitalize on real estate opportunities.
Ghani Global Holdings Limited emphasized that the scheme includes various other provisions related to asset transfer, capital restructuring, regulatory compliance, and the establishment of corporate governance frameworks. The approval of the company's shareholders and other stakeholders, along with the sanction of the Lahore High Court, remains crucial for the scheme's execution.