SICO REIT Announces Resolution of Unitholders to Voluntarily Withdraw from its Role as Fund Manager

SICO Capital Co. announced on Sunday that a resolution was issued by unitholders of the SICO Saudi REIT Fund approving SICO Capital’s voluntary withdrawal from its role as fund manager and appointing Wasatah Capital Co., the financial brokerage firm, as the replacement fund manager after receiving a majority of votes.

The financial brokerage company, Wasatah Capital (represented by its representative who was present at the Meeting), expressed its approval of the appointment as the replacement fund manager, following a unitholder vote, subject to obtaining the approval of the Capital Market Authority and completing all relevant regulatory procedures.