Publisher: Maaal International Media Company
License: 465734
Alinma Investment Company announced on Wednesday the approval of the Fund’s Board of Directors of a non- fundamental changes to Swicorp Wabel REIT Fund, such change will become effective on 05.04.2022.” The details of the non-fundamental change are as follows:
Changing the name of the fund from Swicorp Wabel REIT Fund to Alinma Retail REIT Fund
Changing the Shariya Committee to the Accredited Shariya Committee of Alinma Investment Company
In the same context, Alinma Investment Company announced the update of the terms and conditions of the Swicorp Wabel REIT Fund, as of 04.05.2022. The following is a summary of the most prominent updated items:
Update the terms and conditions of the fund in line with what is stated in the amended Real Estate Investment Funds Regulations and the list of terms used in the amended regulations and rules of the Capital Market Authority.