MEFIC REIT Fund — Capital/Financing Update 2022

Jul 20, 2022

Announcement by (MEFIC Capital) regarding an update of the terms and conditions of (MEFIC REIT)

4346 · 20/07/2022 15:35:22 · Announcement #69301 · View on Saudi Exchange

Announcement by (MEFIC Capital) regarding an update of the terms and conditions of (MEFIC REIT)

4346

MEFIC REIT

0.00 %

1443/12/21     20/07/2022 15:35:22

Element List	Explanation
Introduction	(MEFIC Capital) announces an update of the terms and conditions of (MEFIC REIT) as of (05/01/1444H) corresponding to (03/08/2022 G.).

A summary of the main updated items are as follows:

• Appointment of “Ibrahim Ahmed Al-Bassam (PKF) “ as the fund external auditor instead of “ Talal Abu-Ghazalah” Whereas, the total annual audit fees (semi-annual and annual financial statements) were reduced from 56,500 riyals to 55,000 riyals.

• Updating the fund manager’s address

The updated terms and conditions can be found in the attached file.

https://cutt.ly/JLNrMI5 Effective Date of the Update to Fund's Terms and Conditions 2022-08-03 Corresponding to 1444-01-05 Hyperlink to the Updated Terms and Conditions https://cutt.ly/JLNrMI5 Attached Documents  

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