Wasatah Capital updates Alwaha REIT Fund’s terms, conditions

11/01/2024 Argaam

Wasatah Capital updates Alwaha REIT Fund’s terms, conditions

Logo of AlWaha REIT fund

Al Wasatah Al Maliah (Wasatah Capital) updated the terms and conditions of the AlWaha REIT fund, effective Jan. 11, according to a statement to Tadawul.

 

The recent update entailed a profit distribution policy with adjustments to the announcement period for distributions, Wasatah Capital stated.

 

The fund manager is anticipated to declare profits and their due date within 70 business days after the end of June and December of each calendar year. Distribution will occur within 30 business days from the issuance date of the register of unitholders eligible for distribution.

 

Furthermore, the update unveiled details regarding the fund manager's investment in the fund’s units. The fund’s manager, employees, and affiliates have the right to invest in the fund’s units post-listing, in compliance with pertinent regulations.

 

The specific investment percentage will be disclosed in the annual reports, the statement added.

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Most Read