Announcement by MEFIC Capital regarding Non-Fundamental changes to MEFIC REIT Fund

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1445/12/05     11/06/2024 15:48:18

Element ListExplanation
Introduction MEFIC Capital announces the approval of the Fund’s Board of Directors of a non-fundamental change to MEFIC REIT Fund
Change Effective Date 2024-07-01 Corresponding to 1445-12-25
Change Details MEFIC REIT fund signed an annex to the management and operation contract, which includes reducing the operational costs for Plaza 1 property located in Riyadh city with the current operator, " Sustainable Properties Company ".
Additional Information The fund manager anticipates that the outcomes of this change will be positive in reducing operational costs and enhancing the fund's net returns.

The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.

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