MEFIC Capital announces an update to the terms and conditions of MEFIC REIT

Element List	Explanation
Introduction	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 The appointment of new auditor “Talal Abu-Ghazaleh & Co.” instead of BDO Audit fees decline from SAR 80,000 to SAR 56,500 per annumThe 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
Effective Date of the Update to Fund’s Terms and Conditions	2021-07-28 Corresponding to 1442-12-18
Hyperlink to the Updated Terms and Conditions	https://mefic.com.sa/app/uploads/2021/07/MEFIC-REIT-Fund-TC-final-July-%D9%8F%D8%A2-EN.pdf
Attached Documents	File

MEFIC Capital News