Announcement by SICO Capital Company regarding the results of the meeting of the Unitholders of SICO Saudi REIT Fund ( First Meeting)

An ordinary fund resolution was issued by the unitholders of SICO Saudi REIT approving the voluntary withdrawal of SICO Capital from its role as the Fund Manager, and appointing Wasatah Capital Company as the replacement Fund Manager (after obtaining the majority of the votes). Wasatah Capital Company (represented by its delegate who was present at the meeting) expressed its acceptance of the appointment as the new Fund Manager based on the unitholders’ vote, subject to obtaining the approval of the Capital Market Authority and completing all related regulatory procedures.

For the full release in English & Arabic, click here