| Element List | Explanation |
| Description of the Event | MEFIC Capital, the fund manager of MEFIC REIT, announces the termination of the property management contract with (Edara Company) and the appointment of the (S property) as the manager and operator of the Plaza 1 property located on King Abdulaziz Road, Alrabia District, Riyadh. The fees for the new manager and operator of the property will be 25,000 riyals as a monthly administrative expenses, 4.25% collection fee and 5% “one-time” lease fees. Additionally, the owner will bear the operating expenses of labor, maintenance and technicians. |
| The Impact Caused by the Event | Neutral |
