The Saudi Capital Market Authority (CMA) has approved Saudi Fransi Capital’s request to appoint Ernst &Young as a legal and accounting service provider for its Taleem REIT, in lieu of KPMG, according to a bourse filing.
The fund manager said the annual auditing fees payable to the service provider will be SAR 50,000.
These changes will be effective as of July 12, 2018, the statement added.
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