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Al Rajhi REIT Fund unit holders approves asset increase to SAR 2.4bn

Al Rajhi REIT Fund unit holders approves asset increase to SAR 2.4bn
Al Rajhi REIT Fund unit holders approves asset increase to SAR 2.4bn

Riyadh – Mubasher: Al Rajhi Capital revealed that owners of Al Rajhi REIT Fund Units have approved increasing the fund’s total assets to SAR 2.411 billion instead of SAR 1.72 billion through acquiring new real estate assets, according to a bourse statement on Sunday.

They also approved all amended terms and conditions including the increase in the total value of the Fund's assets, the size of the Fund, the number of units of the Fund, the definitions and risks of the Fund, the mechanism to increase the total value of the Fund's assets and the allocation mechanism.