Announcement by (MEFIC Capital) regarding an update of the terms and conditions of (MEFIC REIT)

Introduction	(MEFIC Capital) announces an update of the terms and conditions of (MEFIC REIT) as of (05/01/1444H) corresponding to (03/08/2022 G.).A summary of the main updated items are as follows:• Appointment of “Ibrahim Ahmed Al-Bassam (PKF) “ as the fund external auditor instead of “ Talal Abu-Ghazalah” Whereas, the total annual audit fees (semi-annual and annual financial statements) were reduced from 56,500 riyals to 55,000 riyals.• Updating the fund manager’s addressThe updated terms and conditions can be found in the attached file.https://cutt.ly/JLNrMI5
Effective Date of the Update to Fund’s Terms and Conditions	2022-08-03 Corresponding to 1444-01-05
Hyperlink to the Updated Terms and Conditions	https://cutt.ly/JLNrMI5
Attached Documents	File

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