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 |