| Element List | Explanation |
|---|---|
| Description of the Event | Musharaka Capital confirms its keenness on the interests of the unitholders of Musharaka REIT Fund and as part of the ongoing efforts of cost reduction and rationalization to support the financial position and periodic distributions of Musharaka REIT Fund, accordingly, the fund manager of Musharaka REIT pleased to announce a reduction in the annual management fees to 0.95% instead of 1.2% of AUM after deducting all fees and expenses. |
| The Impact Caused by the Event | The Fund Manager expects that this change will have a positive impact on the Fund's cash flow and reduce annual costs. Fees will begin to be calculated and applied starting from 01/01/2024. |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.