| Element List | Explanation |
|---|---|
| Introduction | MEFIC Capital announces an update to the terms and conditions of MEFIC REIT staring from 28/07/2021 G corresponding to 18/12/1442 H. Changes are concentrated in |
| Summary of The Main Updated Items | The appointment of new auditor “Talal Abu-Ghazaleh & Co.” instead of BDO
Audit fees decline from 80,000 to 56,500 per annum The appointment of “Sustainable Property” instead of OPM as a new facility and property manager for Souq sharq and Jeddah buildings. Moreover, the appointment of “Edara for property management company” instead of D&B as a new facility and property manager for Plaza 1 and Dhiyapha buildings |
| The Updated Terms and Conditions | The Updated Terms and Conditions of the MEFIC REIT Fund |
