Announcement by MEFIC Capital regarding Non-Fundamental changes to MEFIC REIT Fund

Element ListExplanation
IntroductionMEFIC Capital announces the approval of the Fund’s Board of Directors of a non-fundamental change to MEFIC REIT Fund
Change Effective Date2024-07-01 Corresponding to 1445-12-25
Change DetailsMEFIC REIT fund signed an annex to the management and operation contract, which includes reducing the operational costs for Plaza 1 property located in Riyadh city with the current operator, ” Sustainable Properties Company “.
Additional InformationThe fund manager anticipates that the outcomes of this change will be positive in reducing operational costs and enhancing the fund’s net returns.