Al Rajhi REIT unitholders to vote on capital top-up on May 4

Al Rajhi Capital, the fund manager and operator of Al Rajhi REIT Fund, said the fund's unitholders will meet on May 4, to vote on increasing the fund's total assets through issuing additional units (cash), to complete the acquisition of two assets, namely Riyadh Avenue – Riyadh and Al-Henaki Business Center – Jeddah.

The fund's capital increase will range between SAR 330 million maximum and SAR 1.012 billion minimum, the fund manager said in a statement to Tadawul.

Unitholders will also vote on the supplementary annex to the fund's terms and conditions, which was prepared mainly to reflect the increase in the fund's total assets.