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
