MEFIC REIT Fund — Capital/Financing Update 2021

Jul 7, 2021

MEFIC Capital announces an update to the terms and conditions of MEFIC REIT

4346 · 07/07/2021 08:29:03 · Announcement #64054 · View on Saudi Exchange

MEFIC Capital announces an update to the terms and conditions of MEFIC REIT

4346

MEFIC REIT

0.00 %

1442/11/27     07/07/2021 08:29:03

Element List	Explanation
Introduction	MEFIC Capital announces an update to the terms and conditions of MEFIC REIT staring from 28/07/2021 G corresponding to 18/12/1442 H. Changes are concentrated in

The appointment of new auditor “Talal Abu-Ghazaleh & Co.” instead of BDO

Audit fees decline from SAR 80,000 to SAR 56,500 per annum

The appointment of “Sustainable Property” instead of OPM as a new facility and property manager for Souq sharq and Jeddah buildings. Moreover, the appointment of “Edara for property management company” instead of D&B as a new facility and property manager for Plaza 1 and Dhiyapha buildings

the updated terms and conditions can be viewed via the following link Effective Date of the Update to Fund's Terms and Conditions 2021-07-28 Corresponding to 1442-12-18 Hyperlink to the Updated Terms and Conditions https://mefic.com.sa/wp-content/uploads/2021/07/MEFIC-REIT-Fund-TC-final-July-%D9%8F%D8%A2-EN.pdf

Attached Documents  

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