Alinma Investment Announces Non-Fundamental Change in Alinma Retail REIT Fund

Alinma Investment Company announced on Wednesday the approval of the Fund’s Board of Directors for a non-fundamental change to the Alinma Retail REIT Fund.

The company explained that the changes include:

1. Changing one of the real estate evaluators to Esnad Real Estate Appraisal Company.
2. Removing references to Mr. Faisal Al-Abdulkarim due to his resignation from the Fund’s Board of Directors.
3. Updating the title deed number for Al Makan Mall in Tabuk, following the release of its mortgage prior to the auction.
4. Providing more disclosure and clarification regarding the use of the proceeds from the offering and subscription.
5. Adding tax and Zakat consultant fees as part of other expenses.
6. Updating insurance coverage data for assets.
7. Updating the fund manager’s data.