| Element List | Explanation |
| Description of the Event | MEFIC Capital announces that the board of directors of the fund has approved a non-material changes in MEFIC REIT Fund, and the changes will be effective from (1445/08/20 H) (2024/03/01). MEFIC REIT fund has signed a management and operation agreement to manage and operate Dhiyafa property with “Value Expert”. The management and operation contract will extend for one year, subject to renewal. Dhiyafa property comprise 15 commercial units. |
| The Impact Caused by the Event | The Fund Manager expects that the results of this material development will be positive on the fund, and will announce any Material development at the time. |
