Riyadh — Mubasher: Wasatah Capital announced that the board of Al Aziziah REIT Fund approved several non-fundamental changes to the fund's terms and conditions, effective 7 October 2026.
A primary adjustment involves the dividend distribution policy, which now mandates that dividend payments be made within a period not exceeding 60 business days from the end of each financial period.
The updates also encompass a revision of the fund manager’s profile, specifically reflecting current figures for assets under management, the number and size of public funds, and the total headcount within the asset management department.
Additionally, the fund has updated the definition of Value Added Tax in its glossary and revised the responsibilities listed under the board of directors section.
Further administrative modifications include updates to the annual reporting procedures for unitholders, the protocols for convening unitholder meetings, and the section detailing unitholder rights.
These changes follow the regulatory framework for non-fundamental adjustments and are intended to align the fund’s documentation with current operational data and administrative standards.
Last August, the fund extended an existing credit facility agreement valued at SAR 149.89 million with Riyad Bank for three months.
