News

Announcement by SNB Capital Company regarding the details of non- fundamental changes to AlAhli REIT (1)

1
Published: 06 Aug 2024

SNB Capital Company announces the approval of the Fund’s Board of Directors of a non-fundamental change to AlAhli REIT (1); the change will become effective on (15/02/1446 H), corresponding to (19/08/2024 G). The details of the non-fundamental change are as follows:

 

  • Amending Subparagraphs (d), (f) of Paragraph (5) of the Terms and Conditions Fund “Summary of Fund Strategies”
  • Updating the annual custody fees from Paragraph (11) of the Fund’s Terms and Conditions “Fees and fees for services, commissions, and management fees” and wherever stated in the Terms and Conditions
  • Amending Paragraph (1) of Subparagraph (b) of Paragraph (13) of the Fund Terms and Conditions “Valuing the Fund’s Assets” and wherever mentioned in the Fund’s Terms and Conditions
  • Updating Sub-Paragraph (A) of Paragraph (14) of the Fund’s Terms and Conditions (Members of the Fund’s Board of Directors)
  • Updating Paragraph (26) from the terms and conditions of the fund and where applicable (Sharia Supervisory Committee)
  • Update of Appendix (2) of the Fund’s Terms and Conditions “Fund Performance Summary”