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SICO Capital Company Announces an Invitation to Attend the Meeting of Unitholders ( Second Meeting ) of SICO Saudi REIT Fund

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Introduction SICO Capital Company (“fund manager”) invites SICO Saudi REIT Fund (“the fund”) unitholders to attend the unit holders meeting according to the following details:
Date of the Meeting 2022-01-20 Corresponding to 1443-06-17
Place of the Meeting Through "Tadawulaty” services website on the following link https://login.tadawulaty.com.sa/ir
Time of the Meeting 17:00
Hyperlink of the Meeting Location

https://login.tadawulaty.com.sa

Agenda Voting on the suggested fundamental changes on the fund’s investment goals:

Agreeing on adjusting the fund strategy to invest minimum 75% of the total fund assets value as the latest financials in income generating developed real estates in The Kingdom of Saudi Arabia, instead of invest in the Holy Makkah & Almadina cities with minimum of 55% and outside Makkah & Almadina with maximum of 45% of the fund total assets as the latest financials

The voting process will be executed electronically through the “Tadawulaty” services website voting that will be available for the registered unit holders, starting from 10 AM Tuesday, 15 Jamad Al-Awwal 1443 AH, corresponding to 18 January 2022 AD, until 5:30 PM Thursday, on 17 Jumada al-Akhirah 1443 AH, corresponding to 20 January 2022 AD.

We would also like to remind unit holders to register in the” Tadawulaty” service and update their contact information, as registration and voting will be available at the following link:

www.tadawulaty.com.sa

In light of SICO Capital Company (“Fund manager”) of SICO Saudi REIT, responsibility towards managing the Funds’ assets in the best interest of the unit holders, the Fund Manager believes it is important to have constant developments of the Fund’s investment strategies accordingly with the changes occurring in the investment universe. The Fund Manager invites the unit holders to read the changes proposed in this announcement. The fund manager believes that these changes shall enhance the return and performance of the Fund, increase the diversification of assets, find different competitive investment opportunities, support dividend distribution in addition to decrease investment risks. Furthermore, the proposed changes on the fund’s investment strategy will increase the Fund Manager the flexibility and allow the Fund to benefit from various real estate investment opportunities in a wider geographical range.

The proposed change and justification can be viewed in the following attachment:

Additional Information Knowing that the right to register to attend the meeting of unitholders ends at the time of the assembly, and the right to vote on the meeting's agenda for the attendees ends with the end of the meeting.

For inquiries related to the agenda, please do not hesitate to contact the representatives of the fund manager by phone number: (+966112799811) or e-mail: amd@sicocapital.com

Attached Documents  

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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