Announcement by Al-Rajhi Capital regarding an update of the terms and conditions of Al-Rajhi REIT Fund
Al-Rajhi Capital announces an update of the terms and conditions of Al-Rajhi REIT Fund, as of 21/04/1445H corresponding to 05/11/2023G. A summary of the main updated items are as 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.
The updated terms and conditions can be found Click Here
