IOI Properties Group Berhad announced that the Securities Commission Malaysia, via a letter dated August 6, 2026, has granted its official approval for the establishment and listing of IOIPG REIT on the Main Market.
Under the agreed terms of the proposals, IOIPG REIT will be established with an initial fund size of 5.5 billion units. The REIT is set to acquire assets for a total purchase consideration of RM7.578 billion. This consideration will be satisfied through two key mechanisms, beginning with the issuance of 5.5 billion consideration units priced at RM0.90 per unit, which will be credited as fully paid up. The remaining cash consideration of RM2.653 billion will be fully funded through the issuance of Sukuk.
The proposed offering structure encompasses both retail and institutional tranches, subject to standard clawback and reallocation provisions. The retail portion totals over 715.6 million units, with the vast majority—550.6 million units—dedicated to a Restricted Offer for Sale (ROFS) for entitled IOIPG shareholders on the basis of 1 Restricted Offer Unit for every 10 IOIPG shares held.
On the institutional front, up to 1.484 billion units will be allocated to institutional and selected investors. This includes a prominent tranche of 687.5 million units allocated specifically to Bumiputera investors approved by the Ministry of Investment, Trade and Industry (MITI).
The remaining portion of up to 796.88 million units will be distributed among other Malaysian and foreign institutional or selected investors. With regulatory clearance now secured, IOIPG REIT is positioned to move forward with the final stages of its listing and quotation on the Main Market of Bursa Securities.
With the regulatory approval from the SC now in place, IOIPG REIT will proceed towards listing and quotation of its total 5,500,000,000 units on the Main Market of Bursa Securities, marking one of the most prominent property REIT listings in the Malaysian market.
