Kenya: ICEA Lion’s Fahari Reit Admitted to NSE’s Unquoted Securities Platform

Nairobi — ICEA Lion Asset Manager’s (ILAM’s) Fahari Real Estate Investment Trust has been admitted to the Unquoted Securities Platform (USP) of the Nairobi Securities Exchange (NSE) following a comprehensive restructuring of the real estate investment trust (Reit).

In February, ILAM received regulatory approval from the Capital Markets Authority (CMA) to delist the Reit from the Main Investment Market Segment (MIMS) of the NSE.

The restructuring process involved converting from an unrestricted…