Announcements
Jadwa Investment Announces the Results of Jadwa REIT Al Haramin Fund First Unitholders Meeting.
Sun, 18 October 2020
Jadwa Investment announces the results of Jadwa REIT Al Haramin fund unitholders meeting that has been held at 6:30 pm on Thursday, 28 Safar 1442 AH, corresponding to 15 October 2020 through Tadawulaty web services, according to the following details:
Approve adjusting the percentage of asset allocation in Makkah and Madina to be 60% at least of total fund asset value, instead of at least 100% of the total asset value.
Approve the geographical expansion for the fund’s investments in addition to Makkah and Madina in order to include the rest of the cities in the Kingdom, with a percentage that does not exceed 40% of fund total asset value.
Approve allowing the fund to invest in real estate assets outside the Kingdom with a percentage that does not exceed 25% of fund total asset value.
Approve updating the fund’s other investments and maintaining allocation the same, with a percentage that does not exceed 25% of fund total asset value, and adding the following:
Buy-back and Leasehold agreements
Cash and money market funds.
Units in Real Estate investment funds, whether it was private or publicly listed, and whether it was managed by the fund manager or any fund manager, as long as it is Shariah compliant and CMA regulated fund.