| Introduction | MEFIC Capital announces the approval of the Fund’s Board of Directors of a non-fundamental change to MEFIC REIT Fund |
| Change Effective Date | 2024-07-01 Corresponding to 1445-12-25 |
| Change Details | MEFIC REIT fund signed an annex to the management and operation contract, which includes reducing the operational costs for Plaza 1 property located in Riyadh city with the current operator, ” Sustainable Properties Company “. |
| Additional Information | The fund manager anticipates that the outcomes of this change will be positive in reducing operational costs and enhancing the fund’s net returns. |
