Al Rajhi Capital Company Announces the Meeting of Unitholders’ Results of Al Rajhi REIT Fund
Al Rajhi Capital Company announces the results of Al Rajhi REIT Fund’ unitholders meeting held by using modern technology means through “Tadawulaty” service, at 6:30 PM on Thursday 23/07/1443H corresponding to 24/02/2022G, as follows:
Date of the Unitholders Meeting: 24-02-2022 Corresponding to 23-07-1443
The Results of the Meeting:
- The disapproval of releasing the locked up units owned by Al Khaleej Training and Education Company (The master tenant of Baraem Rowad Al Khaleej Intl Kindergarten, Riyadh, Rowad Al Khaleej International Schools in Riyadh, Rowad Al Khaleej International Schools in Dammam) amounting 26,404,494 units, as the lockup period stated in the Terms and Conditions is (3) years beginning from 06/01/2020G. in return of submitting promissory notes as a guarantee to pay the rent for the entire remaining period of the lease contract, the lease term is 15 years starting from December 24th, 2019G.
