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
1.the appointment of new auditor “Talal Abu-Ghazaleh & Co.” instead of BDO
2.Audit fees decline from SAR 80,000 to SAR 56,500 per annum
3.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 can be viewed via the following link
https://bit.ly/2UsERUW
