23
Oct
06:45 PM
Market Closed
Market Status
Main
Market Closed
NOMU
Market Closed
Sukuk & Bonds
Market Closed
TASI
MT30
NomuC
7,887.36
1,118.80
3,922.06
14.62
1.71
-46.19
(0.19%)
(0.15%)
(-1.16%)

Web Content Viewer

Actions

The Capital Market Authority Announces the Approval of the Total Assets Value Increase of Real Estate Investment Traded Fund "Al Rajhi REIT Fund"

The Capital Market Authority has issued its resolution approving Al Rajhi Capital's request to increase "Al Rajhi REIT Fund" total assets value by issuing additional units for the purpose of acquiring real estate assets.
Such approval was granted upon Al Rajhi Capital's request complied with the relevant disclosure 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 Rajhi Capital will publish the terms and conditions of "Al Rajhi 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 "Al Rajhi 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 "Al Rajhi REIT Fund" carefully or fully reviewing its content may involve high risk. Therefore, unitholders should carefully read the terms and conditions of "Al Rajhi 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 "Al Rajhi REIT Fund" proves difficult to understand, it is recommended to consult with an authorized financial advisor.
The CMA’s approval of a particular Al Rajhi Capital's request to increase "Al Rajhi 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 Rajhi Capital's request to increase "Al Rajhi 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.
 

← Back to Market News




Complementary Content