Riyad Capital Announces Non-Fundamental Changes to Riyad REIT Fund

Riyad Capital announced on Monday that the Board of Directors of the Riyad REIT Fund approved a non-fundamental change to the fund.

According to a statement published on Tadawul, the updated items include:

• A general update to the terms and conditions in line with the Real Estate Investment Funds Regulations;

• An update to the clause of the Legal Advisor;

• An update to the clause of the Glossary;

• An update to the clause of the Custodian;

• An update to the clause of the Fund Manual;

• An update to the clause of the Property Management Company;

• An update to the clause of the Fund’s Purpose and Investment Objectives and Dividend Distribution Policy to unitholders;

• An update to the clause of the Auditor;

• An update to the clause of the Fund’s Summary of Strategies;

• An update to the clause of the Financial Statements;

• An update to the clause of the Subscription;

• An update to the clause of the Conflict of Interest;

• An update to the clause of the Fund’s Unit Trading;

• An update to the clause of the Unitholder Reporting;

• An update to the clause of the Unitholders’ Meeting;

• An update to the clause of the Dividend Distribution Policy;

• An update to the clause of the Other Information;

• Updates to the clause of the fees, service charges, commissions, and management fees;

• An update to the clause of the Sharia Supervisory Board;

• An update to the clause of the insurance;

• An update to the clause of the Amendments to Terms and Conditions;

• An update to the clause of the Fund Assets;

• An update to the clause of the Fund Manager’s Declarations;

• An update to the clause of the Fund Board of Directors;

• An update to the clause of the Applicable System; and

• An update to the clause of the Fund Manager.