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Announcement by Alinma investment company regarding the details of non- fundamental changes to Alinma Retail REIT Fund

Announcement by Alinma investment company regarding the details of non- fundamental changes to Alinma Retail REIT Fund

18 Muharram, 1446 AH H - 24 July 2024 G

Alinma investment company approval of the Fund’s Board of Directors of a non- fundamental change to Alinma Retail REIT Fund, such change will become effective on (02/02/1446H), corresponding (06/08/2024G) .

The details of the non-fundamental change are as follows:

Updates

Changing one of the real estate evaluators to be Esnad Real Estate Appraisal Company

Remove anything related to Mr. Faisal Al-Abdulkarim due to his resignation from the Fund’s Board of Directors.

Updating the title deed number for Al Makan Mall in Tabuk, as its mortgage was released before the auction was held

More disclosure and clarification regarding the use of the proceeds of the offering and subscription

Adding the tax and Zakat consultant fees as part of other expenses

Updating insurance coverage data for assets

Updating the fund manager’s data

Spelling edits

 
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