MEFIC Capital announces the resignation of Mr. Abdulaziz Al Ghunaim, Senior Director – Wealth Management. He was a Board member on the below mentioned Funds as a Non-Independent Member. He has resigned from the Fund boards as on 10/11/1438H corresponding to 02/08/2017. The Chairman of the Board has accepted his resignation as on 16/11/1438H corresponding to 08/08/2017.

Replacement board member will be announced after the approval of the Capital Market Authority.

Name of Funds

1.MEFIC IPO Fund.

2.MEFIC Local Equity Fund.

3.MEFIC Murabaha Saudi Riyal Fund.

4.MEFIC Real Estate Income Fund.

5.MEFIC Saudi Freestyle Equity Fund