AL Wasatah Al Maliah (Wasatah Capital) announces an update of the terms and conditions of AlWaha REIT fund as of 29/06/1445 H corresponding to 11/01/2024 G.  A summary of the main updated items are as follows:

Effective date of the update to Fund’s Terms and Conditions: 29/06/1445 H corresponding to 11/01/2024 G

Dividend Distribution Policy: Updating the period for announcing dividends to be as follows:

“The fund manager is expected to announce the dividends and their due date within 70 working days after the end of June and December of each calendar year, provided that the distribution is made within 30 working days from the date of issuing the register of unitholders eligible for distribution.”

Disclosure of the fund manager’s investment in the fund’s units to be as follows:

“The fund manager, his employees and his subordinates have the right to invest in the fund’s units after listing in accordance with the relevant laws and regulations, and the investment percentage will be disclosed in the annual reports.”

The Updated Terms and Conditions The Updated Terms and Conditions

 The updated terms and conditions can be found in the attached file.