The Capital Market Authority Announces the Approval of the Total Assets Value Increase of Real Estate Investment Traded Fund "Alkhabeer REIT FUND"
The Capital Market Authority has issued its resolution approving Al-Khabeer Capital Company's request to increase "Alkhabeer REIT Fund" total assets value by issuing additional units for acquiring real estate assets.
Such approval was granted upon Al-Khabeer Capital Company's request complied with the relevant requirements as per the Real Estate Investment Funds Regulations and Real Estate Investment Traded Funds Instructions.
Prior to unitholders meeting that will be held to vote on increasing the fund's total assets value by issuing additional units, Al-Khabeer Capital Company will publish the terms and conditions of "Alkhabeer REIT Fund" to unitholders including the objectives and rationale of increasing the fund's total assets value by issuing additional units. The Terms and Conditions of "Alkhabeer REIT Fund" must include all relevant information the unitholders need to know before making a voting decision on increasing the fund's total assets value by issuing additional units for the said purpose, including information on the acquisition transaction and risk factors.
A voting decision without reading the terms and conditions of "Alkhabeer REIT Fund" carefully or fully reviewing its content may involve high risk. Therefore, unitholders should carefully read the terms and conditions of "Alkhabeer REIT Fund" in order to make a well-informed decision when voting on increasing the fund's total assets value by issuing additional units resolution for the said purpose. If the terms and conditions of "Alkhabeer REIT Fund" proves difficult to understand, it is recommended to consult with an authorized financial advisor.
The CMA’s approval of a particular Al-Khabeer Capital Company's request to increase "Alkhabeer REIT Fund" total assets value by issuing additional units should never be viewed as an endorsement of the feasibility of increasing the fund's total assets value by issuing additional units for the purposes of a transaction. The CMA’s approval of Al-Khabeer Capital Company's request to increase "Alkhabeer REIT Fund" total assets value by issuing additional units merely means that the regulatory requirements as per the Capital Market Law and its Implementing Regulations have been met.
Such approval was granted upon Al-Khabeer Capital Company's request complied with the relevant requirements as per the Real Estate Investment Funds Regulations and Real Estate Investment Traded Funds Instructions.
Prior to unitholders meeting that will be held to vote on increasing the fund's total assets value by issuing additional units, Al-Khabeer Capital Company will publish the terms and conditions of "Alkhabeer REIT Fund" to unitholders including the objectives and rationale of increasing the fund's total assets value by issuing additional units. The Terms and Conditions of "Alkhabeer REIT Fund" must include all relevant information the unitholders need to know before making a voting decision on increasing the fund's total assets value by issuing additional units for the said purpose, including information on the acquisition transaction and risk factors.
A voting decision without reading the terms and conditions of "Alkhabeer REIT Fund" carefully or fully reviewing its content may involve high risk. Therefore, unitholders should carefully read the terms and conditions of "Alkhabeer REIT Fund" in order to make a well-informed decision when voting on increasing the fund's total assets value by issuing additional units resolution for the said purpose. If the terms and conditions of "Alkhabeer REIT Fund" proves difficult to understand, it is recommended to consult with an authorized financial advisor.
The CMA’s approval of a particular Al-Khabeer Capital Company's request to increase "Alkhabeer REIT Fund" total assets value by issuing additional units should never be viewed as an endorsement of the feasibility of increasing the fund's total assets value by issuing additional units for the purposes of a transaction. The CMA’s approval of Al-Khabeer Capital Company's request to increase "Alkhabeer REIT Fund" total assets value by issuing additional units merely means that the regulatory requirements as per the Capital Market Law and its Implementing Regulations have been met.
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