Investor Awareness

07/05/2023
Announcement by Al Rajhi Capital regarding second call for a meeting of the Fund’s unitholders of Al Rajhi REIT Fund
 
Al Rajhi Capital invites Al Rajhi REIT Fund unitholders to attend unitholders meeting, which will be held through modern technology using Tadawulaty services on Thursday, 21/10/1444H corresponding to 11/05/2023G, to discuss the following agenda:
 
Date of the Meeting: 11-05-2023 G Corresponding to 21-10-1444 H
 
Place of the Meeting: The meeting will be held remotely using Tadawulaty services
 
Time of the Meeting: 6:00 PM
 
Hyperlink of the Meeting Location: Click Here
 
Agenda:

 

  1. Vote to increase the total assets of the Fund & the supplementary terms & conditions, through the issuance of additional units (cash), provided that the increase in the Fund capital is between (330,000,000) Saudi Riyals at the minimum, and (1,012,380,710) Saudi Riyals at the maximum. This is to complete the acquisition of the 2 Assets (Riyadh Avenue - Riyadh and Al-Henaki Business Center - Jeddah)
  2. Vote on the increase of limit cap of the remuneration of each independent board members from SAR 20,000 to SAR 50,000. And to keep the compensation per meeting as is with an amount of SAR 5,000.

 

The second meeting is valid regardless of the percentage of units represented at the meeting. All unitholders who are registered at Securities Depository Center (Edaa) by the end of the trading session preceding the meeting will have the right to attend and vote.
 
E-voting:
 
Voting will commence for Unitholders registered in Tadawulaty services from 01:00am on Monday 18/10/1444H corresponding to 08/05/2023G, until the end of the meeting. Registration and voting in Tadawulaty services will be available free to all unitholders using the following link: Click Here
 
Accordingly, the Fund Manager hopes that all unitholders will register in the “Tadawulaty” services to participate and vote remotely on the assembly items. Note that the right to register attendance for the assembly meeting ends at the time of the assembly, and the right to vote on the assembly items for those present ends with the end of the meeting.
 
For further information: please contact: 8001245858
Email: customerservice@alrajhi-capital.sa