Investor Awareness

21/02/2024
Announcement by Al Rajhi Capital regarding the details of non- fundamental changes to Al Rajhi REIT Fund
 
Al Rajhi Capital announces the approval of the Fund’s Board of Directors of a non-fundamental change to Al Rajhi REIT fund; Such change will become effective on 07/09/1445H corresponding to 17/03/2024 G
 
The details of the non-fundamental change are updating the follows:
 
  • Appointing Sustainable Property Company instead of Madad Al Khair Real Estate Office to manage both Al Anwar Plaza and Rama Plaza properties.
  • This appointment will result in reducing property management fees from 8% to 7.5% of the collected rent