Purchase of 3,034,603 Shares of ISE Towers REIT Management Company Limited

This tender invites bids from eligible companies, institutions, and banks in Islamabad for the purchase of 3,034,603 shares of ISE Towers REIT Management Company Limited. Issued by SME Bank Limited (In official liquidation), this opportunity falls under the Financial Assets category and requires bidders to comply with specific shareholding criteria as per SECP regulations. The sale involves shares with a break-up value of PKR 22.56 per share as of June 30, 2025. The shares are being auctioned under the sanction of the Hon'ble Islamabad High Court, with the process managed from SME Bank's head office in Blue Area, Islamabad. Interested bidders must submit sealed bids including a refundable earnest money of PKR 3.4 million. The auction demands strict adherence to regulatory requirements for shareholding eligibility, limiting participation to securities exchanges, development finance institutions, insurance companies, non-banking finance companies, banks, and corporates involved in securities market services. Bidders should ensure they meet PEC and FBR compliance, including valid ATL status for the fiscal year 2025-26. The tender advises verifying all tax and stamp duty obligations related to share transfer, which are the responsibility of the successful bidder. This is a critical step to avoid disqualification or financial penalties. Sealed bids must reach the SME Bank head office by 4:30 pm on March 26, 2026, with bid opening scheduled at 5:00 pm the same day. The submission must include a sealed envelope clearly marked and signed by an authorized representative. The bank will notify the successful bidder within 90 days, who must then pay the remaining amount within 15 days to avoid forfeiture of earnest money. Pro-Tip: Carefully review the bid submission format and ensure the inclusion of all required documents, including the authorization resolution and CNIC copies. Missing these often leads to outright rejection. Also, confirm the pay order/draft details to avoid delays in bid acceptance.