Announcement by Al Rajhi Capital regarding the results of the meeting of the unitholders of Al Rajhi REIT Fund
Al Rajhi Capital announces the results of Al Rajhi REIT Fund unitholders’ meeting which was held virtually using modern technology and Tadawulaty services at 6:00 p.m. on Thursday 21 / 10 / 1444H corresponding to 11/ 05 / 2023G, as follows:
Date of Unit Holders Meeting2023-05-11 Corresponding to 1444-10-21
The Result of the Meeting:
- The approval to increase the total assets of the Fund & the supplementary Appendix to the 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, Al-Henaki Business Center – Jeddah)
- The approval to increase the limit cap of the remuneration of each independent board members from SAR 20,000 to SAR 50,000 per year. And to keep the compensation per meeting as is with an amount of SAR 5,000.
