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Announcement by Alinma Investment Company regarding a fundamental change to Alinma Makkah Real Estate Fund

Announcement by Alinma Investment Company regarding a fundamental change to Alinma Makkah Real Estate Fund

6 Rajab 1443 AH H - 07 February 2022 G

Alinma Investment Company announces the approval of the unitholders and the Capital Market Authority of a fundamental change to Alinma Makkah Real Estate Fund, such change will become effective on 20/07/1443H, corresponding to 21/02/2022G.

The details of the fundamental change are as follows:

  • Changing the Fund's risk level from medium to high.
  • Adding the most important terms of the Binding Agreement that to be entered between Jabal Omar Development Company and Alinma Makkah Real Estate Fund.
  • Adding the time range for the execution of the Transaction.
  • Amending the summary of the strategies that the Fund will use to achieve its goals.
  • Amending and adding items to the Fund’s risks.
  • Amending the Fund termination and liquidation clause.

For more deatlies, Please refer to the attached file.

/wps/wcm/myconnect/investmentNew/76de2158-c116-4950-a7df-45be6b51ca34/%D8%AA%D9%81%D8%A7%D8%B5%D9%8A%D9%84+%D8%A7%D9%84%D8%AA%D8%BA%D9%8A%D9%8A%D8%B1%D8%A7%D8%AA+%D8%A7%D9%84%D8%A3%D8%B3%D8%A7%D8%B3%D9%8A%D8%A9.pdf?MOD=AJPERES&CVID=nXkrKz3&useDefaultText=0&useDefaultDesc=0

 

To view the Fund’s Terms and Conditions please click here

 

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