Al Rajhi REIT decreases property management fees to 7.5% for two properties rent

Al Rajhi Capital announced on Wednesday the approval by the Fund’s Board of Directors of a non-fundamental change to Al Rajhi REIT fund, set to take effect on March 17, 2024.
In a statement released on Wednesday on Tadawul, the company outlined the details of the non-fundamental change, which include:
The appointment of Sustainable Property Company to manage both Al Anwar Plaza and Rama Plaza properties, replacing Madad Al Khair Real Estate Office.
This change in management will lead to a reduction in property management fees from 8% to 7.5% of the collected rent.