News

Alkhabeer Capital Announcement on the Amended Terms and Conditions for “Alkhabeer REIT Fund” for Unitholders to Vote on the Decision to Increase the Total Assets Value of the Fund

22 April 2021

– Announcement –

Alkhabeer Capital Announcement on the Amended Terms and Conditions for “Alkhabeer REIT Fund” for Unitholders to Vote on the Decision to Increase the Total Assets Value of the Fund

Alkhabeer Capital announces the availability of the amended Terms and Conditions for Alkhabeer REIT Fund (“the Fund”), which include the increase of the total assets value of the Fund to enable the Unitholders to vote on the decision to increase the total assets value of the Fund from SAR 1,727 million to SAR 2,062 million.

The increase will be through offering 38,037,835 additional Units by accepting in-kind and cash contributions. Proceeds of the additional offering will be used to acquire additional real estate assets and pay the expenses and related costs.

The voting on the decision will take place through the Unitholders’ Meeting, which will be held remotely using Tadawulaty services on Sunday, 13 Ramadan 1442, corresponding to 25 April 2021 at 09:30 pm, according to the Fund Manager’s announcement on 24 Shabaan 1442 corresponding to 06 April 2021.

The amended Terms and Conditions can be accessed through the following link:

https://www.alkhabeer.com/wp-content/uploads/2021/04/AKC-REIT-TC-English.pdf

The Fund Manager would also like to remind the Unitholders to register in Tadawulaty services, where registration and voting will be free of charge using the following link:

www.tadawulaty.com.sa

– End –