MEFIC Capital Announces a Material Development to MEFIC REIT Fund

Element List	Explanation
Description of the Event	The Middle East Financial Investment Company (MEFIC Capital) announces a fundamental development on (MEFIC REIT Fund) regarding the issuance of licenses from the Ministry of Hajj and Umrah, enabling the provision of accommodation services for pilgrims at the Drnef Ajyad hotel and Drnef Kudai hotel in Mecca.
The Impact Caused by the Event	The Middle East Financial Investment Company “MEFIC Capital” the fund manager of MEFIC REIT Fund announces the issuance of licenses for the Drnef Ajyad hotel and Drnef Kudai hotel in Mecca for the Hajj accommodation for the year 1445 H, The hotels have a total capacity of 310 hotel rooms accommodating a total of 1,318 pilgrims, in accordance with operator standards. This enables the hotels to benefit from the Hajj season returns and their positive impact on fund inflows and future cash dividends.

Element List

Explanation

Description of the Event

The Middle East Financial Investment Company (MEFIC Capital) announces a fundamental development on (MEFIC REIT Fund) regarding the issuance of licenses from the Ministry of Hajj and Umrah, enabling the provision of accommodation services for pilgrims at the Drnef Ajyad hotel and Drnef Kudai hotel in Mecca.

The Impact Caused by the Event

The Middle East Financial Investment Company “MEFIC Capital” the fund manager of MEFIC REIT Fund announces the issuance of licenses for the Drnef Ajyad hotel and Drnef Kudai hotel in Mecca for the Hajj accommodation for the year 1445 H, The hotels have a total capacity of 310 hotel rooms accommodating a total of 1,318 pilgrims, in accordance with operator standards. This enables the hotels to benefit from the Hajj season returns and their positive impact on fund inflows and future cash dividends.

MEFIC Capital News

MEFIC Capital News

MEFIC Capital Announces a Material Development to MEFIC REIT Fund

Announcement by Middle East Financial Investment Company (MEFIC Capital) regarding an update of the terms and conditions of MEFIC Saudi Riyal Murabaha Fund

Announcement by Middle East Financial Investment Company (MEFIC Capital) regarding an update of the terms and conditions of MEFIC Saudi Freestyle Equity Fund

Announcement by Middle East Financial Investment Company (MEFIC Capital) regarding an update of the terms and conditions of MEFIC Capital Murabaha Fund Class (C).

Announcement by Middle East Financial Investment Company (MEFIC Capital) regarding an update of the terms and conditions of MEFIC Capital Murabaha Fund Class (B).

Announcement by Middle East Financial Investment Company (MEFIC Capital) regarding an update of the terms and conditions of MEFIC Capital Murabaha Fund Class (A).

Announcement by Middle East Financial Investment Company (MEFIC Capital) regarding the details of non- fundamental changes to MEFIC Saudi Riyal Murabaha Fund.

Announcement by Middle East Financial Investment Company (MEFIC Capital) regarding the details of non- fundamental changes to MEFIC Saudi Equity Freetyle Fund.

Announcement by Middle East Financial Investment Company (MEFIC Capital) regarding the details of non- fundamental changes to MEFIC Capital Murabaha Fund Class (C).

Announcement by Middle East Financial Investment Company (MEFIC Capital) regarding the details of non- fundamental changes to MEFIC Capital Murabaha Fund Class (B).

If you have any questions or require further assistance, contact us today.