Al Rajhi Capital announces the results of the unitholders meeting
Al Rajhi Capital announces the results of the meeting of the owners of Al Rajhi REIT Fund Units held at Al Rajhi Bank Tower on King Fahad Road, Al Murooj District in Riyadh city at 5 pm on Thursday, 03/03/1441 corresponding to 31/10/2019 as following:
Unitholders approved the following agenda items
- increase the Total Asset value of the Fund from SAR (1,724,075,691) to maximum SAR (2,411,396,405) by acquiring new real estate assets.
- Approve the Fund’s revised terms and conditions. These includes 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.
