Musharaka Capital Company announces details of non-fundamental changes in Musharaka REIT Fund
08 August 2022
Musharaka Financial Company, as the manager of the Musharaka REIT Fund, announces that the fund’s Board of Directors has approved a non-material change to the Musharaka REIT Fund, which will take effect on August 22, 2022 (24/01/1444H).
Details of the Non-Material Change:
The fund has appointed RSM United Accountants for Professional Consulting as the new statutory auditor, replacing Baker Tilly & Co.
This change will result in a reduction of audit fees from SAR 115,000 to SAR 75,000.