Wednesday, July 11, 2018 at 4:18 PM
Wed Jul 11, 2018 16:18
As per the CMA Board issued resolution on 12/06/1439H corresponding 28/02/2018 G approving the Riyad Capital Company's request to increase "Riyad REIT" capital from SR 500,000,000 to SR 1,633,000,000 for acquiring real estate assets.
And as per Riyad Capital announcement of the results of Riyad REIT unitholders meeting in Riyadh on 18-03-2018 corresponding to 01-07-1439 at 18:30. All resolutions of the meeting are as follows:
1- Approve the Fund Capital from SR 500,000,000 to SR 1,633,000,010 to acquire new assets.
2- Approve the Fund amended Terms and Conditions. Which includes the change in fund size, fund capital, number of units, definitions, Fund risks, the Fund's capital increase mechanism and the allocation mechanism.
The Saudi Stock Exchange (Tadawul) announces that the trading of new shares will start on Thursday 12/7/2018 corresponding to 27/10/1439 H
For more information about “Riyad REIT ” please (click here) to review the prospectus.
For more information about Real Estate Investment Traded Funds, please visit the Knowledge Center page on our website (clicking here).
