The Capital Market Authority has issued its resolution approving the Supplementary Annex of the terms and conditions (“T&Cs”) of "Jadwa REIT Saudi Fund" (“The Fund”) requested by Jadwa Investment Company (“Fund Manager”) for the purpose of increasing the fund’s total assets value by issuing additional units.
Such approval was granted upon the fund manager's request complied with the relevant requirements as per the Real Estate Investment Funds Regulations.
Prior to unitholders meeting that will be held to vote on increasing the fund's total assets value by issuing additional units, the fund manager will publish the Supplementary Annex of the T&Cs to the unitholders including all the information regarding increasing the fund's total assets value by issuing additional units. The Supplementary Annex of the T&Cs must include all relevant information the unitholders need to know before making a voting decision on increasing the fund's total assets value by issuing additional units, including information about the acquisition transaction and risk factors.
A voting decision without reading the T&Cs and its Supplementary Annexes carefully or fully reviewing their content may involve high risk. Therefore, unitholders should carefully read the T&Cs and its Supplementary Annexes in order to make a well-informed decision when voting on increasing the fund's total assets value by issuing additional units. If the T&Cs and its Supplementary Annexes prove difficult to understand, it is recommended to consult with an authorized financial advisor.
The CMA’s approval of a particular fund manager's request to add a Supplementary Annex to the T&Cs for the purpose of increasing the fund’s total assets value by issuing additional units should never be viewed as an endorsement of the feasibility of increasing the fund's total assets value by issuing additional units. The CMA’s approval of the Supplementary Annex of the T&Cs requested by the fund manager for the purpose of increasing the fund’s total assets value by issuing additional units merely means that the regulatory requirements as per the Capital Market Law and its Implementing Regulations have been met.