– Announcement –
Addendum Announcement from Alkhabeer Capital Regarding Material Developments of Alkhabeer REIT Fund
Following the announcement of Alkhabeer Capital, Fund Manager of Alkhabeer REIT (“the Fund”), dated 05/01/2021, that is published on the Fund Manager’s website, as well as on Tadawul’s website, regarding obtaining the CMA’s approval to increase the total assets value of Alkhabeer REIT, and what is stated in the announcement regarding the Fund Manager making major developments, including the availability of the updated Terms and Conditions of the Fund and inviting the current Unitholders to vote on the decision to increase the total value of the Fund’s assets.
Accordingly, the Fund Manager announces that the Fund’s board has approved his recommendation with regard to not proceeding with the acquisition process of one of the real estates that is located in Riyadh. Therefore, the Fund Manager will take the necessary procedures to update the file of increasing the total assets value of the Fund, including the Fund’s Terms and Conditions, and re-submitting it for obtaining the necessary approvals.
– Ends –