Announcement by MEFIC Capital regarding Non-Fundamental changes to MEFIC REIT Fund

Element List	Explanation
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.

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