Announcement by Alinma investment company regarding an update of the terms and conditions and details of non- fundamental change for Alinma Makkah Real Estate Fund
9 Safar 1443 AH H
-
16 September 2021
G
Alinma Investment Company announces an update of the terms and conditions of Alinma Makkah Real Estate Fund as of 02/02/1443H corresponding to 09/09/2021 G. In addition, the approval of Fund’s Board of Directors has been obtained for non- fundamental change. Such change will become effective on 26/02/1443 H corresponding to 03/10/2021 G.
- The Fund’s terms and conditions were modified to comply with Annex No. (1) of the amended Real Estate Investment Funds Regulations by CMA Board Decision No. 2-22-2021 dated 7/12/1442 H corresponding to 2/24/2021 G
- The Fund’s voting rights were amended to comply with the amended Real Estate Investment Funds Regulations by CMA Board Decision No. 2-22-2021 dated 7/12/1442 H corresponding to 2/24/2021 G
- Reflecting the Fund’s date of operation, since the previous terms and conditions specified only the maximum period of the operating date
- Adding updates under the Real Estate Assets clause
- Update regarding the Value Added tax
- Update on the list of investment funds supervised by some members of the Fund’s Board
- Update information of Fund Board Chairman
- Update information of Fund Board Member
- Update address information of Fund Manager
The updated terms and conditions can be found in the attached file.
https://www.alinmainvestment.com/wps/wcm/connect/investmentNew/80cbf80f-8263-43f5-b0ad-d7fd32abdee0/%D8%B5%D9%86%D8%AF%D9%88%D9%82+%D8%A7%D9%84%D8%A5%D9%86%D9%85%D8%A7%D8%A1+%D9%85%D9%83%D8%A9+%D8%A7%D9%84%D8%B9%D9%82%D8%A7%D8%B1%D9%8A++.pdf?MOD=AJPERES&CVID=nLKHo.3
The Fund Manager would like to highlight that this announcement is a procedural announcement to comply with the updated regulations and that it does not relate to the non-binding offer received from Jabal Omar Development Company.
Announcement by Alinma investment company regarding an update of the terms and conditions and details of non- fundamental change for Alinma Makkah Real Estate Fund