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Saudi Economic and Development Securities Company (SEDCO Capital) Announces Details of Significant Changes in the Terms and Conditions of SEDCO Capital REIT Fund

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Announcement Detail Saudi Economic and Development Securities Company (SEDCO Capital) Announces Details of Significant Changes in the Terms and Conditions of SEDCO Capital REIT Fund

Saudi Economic and Development Securities Company (SEDCO Capital) announces significant changes in terms and conditions of SEDCO Capital REIT Fund, with the change to take effect on 28/06/2020, and the details of the important changes are as follows:

1.Investment objectives section under Fund's summary has been amended to include the updated dividend policy

2.The profit distribution policy and timing section has been amended in the Fund's summary

3.The Fund objectives section has been amended to include the updated dividend policy

4.A description clause for the Fund's purposes and investment objectives has been amended to include the updated dividend policy

5.Dividends and other distributions section has been amended

6.Reporting the net assets value section has been amended

7.The board of directors’ section was amended due to the resignation of the Board member Mr. Nawaf Jamjoom and appointing Mr. Abdulwahhab Abed (Executive Director) as his replacement

8.Amendment of the Fund's Board of Directors clause - other funds managed by fund board members have been updated

9.Financial statements section amended

The updated Terms and Conditions can also be found in the following link:

https://bit.ly/3bSh8Ay

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The Capital Market Authority and the Saudi Stock Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.

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