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 21/04/1445H corresponding to 05/11/2023 G. The details of the non-fundamental change are updating the follows:
- Updating the zakat clause in the terms and conditions of the Fund for the purpose of filing the fund’s zakat declaration. Implementing the rules for collecting zakat from investors in investment funds.
- Updating the Fund’s terms and conditions to reflect a change in the Fund’s Board of Directors after announcing the resignation of Mr. Tariq Al-Suqair - a Non-Independent Fund Board Member.
- A general update on the experiences of the Fund’s Board Members and management team.
