Musharaka Capital Announces Reduction of Annual Management Fees to 0.95% of Fund’s Total Assets

Musharaka Capital announced on Tuesday a reduction in the annual management fees to 0.95% instead of 1.2% of AUM after deducting all fees and expenses.

The Fund Manager expects that this change will have a positive impact on the Fund’s cash flow and reduce annual costs. Fees will begin to be calculated and applied starting from 01/01/2024.

This comes with Musharaka Capital keenness on the interests of the unitholders of Musharaka REIT Fund and as part of the ongoing efforts of cost reduction and rationalization to support the financial position and periodic distributions of Musharaka REIT Fund, accordingly.