International Hospitality Investment Group Pakistan to Go Public in 2022 - Android

International Hospitality Investment Group (IHIG) Pakistan, a subsidiary of IHIG UK, is the first hospitality and fractional investment company aiming… Read More

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International Hospitality Investment Group (IHIG) Pakistan, a subsidiary of IHIG UK, is the first hospitality and fractional investment company aiming to become publicly listed in Pakistan.

The company plans to launch its initial public offer (IPO) in 2022.

IHIG is Pakistan’s first Vacation/Fractional Ownership company, headquartered in London, and primarily involved in the development and marketing of shared ownership properties in highly desired locations in Pakistan.

After great success in Vacation Ownership, IHIG has extended its investment portfolio in the property sector in Pakistan with its mall project offering. The company has brought the concept of Fractional Ownership to meet the new consumer demand for generating a recurring passive income for the country. This project is marketed and managed by the Fractional Ownership division of IHIG.

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Briefing about their plans, IHIG Pakistan CEO, Noorul Asif, said, “IHIG has received a tremendous response for the Fractional Ownership program. An IPO will only add more credibility and transparency that will allow the concept to grow faster.”

He said, “IHIG is now growing this unique concept of fractional ownership in [the] Pakistani market at a fast pace. Families are getting aware of the product and are showing keen interest by becoming part of IHIG family to secure their future.”

In the future, the company plans to expand its portfolio along with increasing the size of its business. IHIG will spread out to the main cities of Pakistan, i.e., Lahore and Islamabad.

Pakistan Stock Exchange (PSO) saw four IPOs last year, as companies raised Rs. 35.4 billion in 2020 via IPOs and right issues, according to a data analytics platform, Topline. The IPOs, including preference share listing, were from steel, meat processing, telecom, and chemical sectors.

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