MEFIC REIT changes property managers, reduces audit fees

07/07/2021 Argaam

Logo of MEFIC REIT


MEFIC Capital announced in a bourse filing an update to the terms and conditions of MEFIC REIT Fund, effective July 28.

 

The updates include appointment of Sustainable Property instead of OPM as a new facility and property manager for Souq Sharq and Jeddah buildings, and Edara for Property Management Company instead of D&B for Plaza 1 and Dhiyapha buildings.

 

Also the audit fees decline from SAR 80,000 to SAR 56,500 per annum, the statement added.

Comments {{getCommentCount()}}

Be the first to comment

loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.