Item | Description |
Introduction | In addition to the announcement of the AL Wasatah Al Maliah (Wasatah Capital) regarding the approval of the Fund’s Board of Directors to increase the total value of the Fund’s assets through the acquisition of a residential building “Al Jawhara Residential Building” |
Date of the previous announcement on Tadawul website | 27/06/2024 Corresponding to 12/04/1445 |
Hyperlink to the Previous Announcement | |
Change Details | Wasatah Capital, in its capacity as the manager of Al Waha REIT Fund, wishes to clarify that on Wednesday 08/12/1446H corresponding to 04/06/2025G, the Capital Market Authority approved the supplementary terms and conditions related to the increase of the total value of the Fund’s assets, which will be used to complete the acquisition of a residential building, ““AlJawhara Residential Building”. |
The resulted Impact from the occurrence of the event | The fund manager expects upon completion of the offering, that the impact will be positive on the fund’s distributions. |
Additional Information | The fund manager will later announce the invitation to the unit holders to vote on the decision of increasing the total value of the fund’s assets, and to approve the supplementary annex to the fund’s terms and conditions.
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