Riyad REIT Fund — Capital/Financing Update 2023

Dec 18, 2023

Announcement by Riyad Capital regarding an update of the terms and conditions of Riyad REIT

4330 · 18/12/2023 15:50:00 · Announcement #77398 · View on Saudi Exchange

Announcement by Riyad Capital regarding an update of the terms and conditions of Riyad REIT

4330

RIYAD REIT

-2.71 %

1445/06/05     18/12/2023 15:50:00

Element List	Explanation
Introduction	Riyad Capital announces an update of the terms and conditions of Riyad REIT, as of (19/6/1445 H) corresponding to (01/1/2024 G). A summary of the main updated items are as follows:
Effective Date of the Update to Fund's Terms and Conditions	2024-01-01 Corresponding to 1445-06-19
Summary of The Main Updated Items	- Adding the zakat advisor, Implementing the rules for collecting zakat from investors in investment funds

- Adding zakat advisor fees

- Updating auditor fees

- Updating the board members names, due to the reformation of Riyad REIT board of directors

- Updating other funds managed by Riyad REIT’s board members The Updated Terms and Conditions

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