News

Alkhabeer Capital Announces Material Developments of Alkhabeer REIT Fund

10 August 2021

– Announcement –

Alkhabeer Capital Announces Material Developments of Alkhabeer REIT Fund

Alkhabeer Capital, Fund Manager of Alkhabeer REIT Fund (“the Fund”), announces the approval of the Fund’s Board of Directors, on 02 Muharram 1443H corresponding to 10 August 2021, on the Fund’s updated Terms and Conditions for Increasing the Fund’s Capital, as well as the supplementary Appendix, which the Fund Manager intends to submit to the Capital Market Authority and the The Saudi Exchange “Tadawul”, regarding the approval request of increasing the total value of the Fund’s assets in order to acquire new real estate assets targeted by the Fund Manager.

Accordingly, the Fund Manager expects that the impact of this development will be generally positive on the Fund.

– Ends –