Supplementary Announcement from SICO Capital Regarding the Results of the Unitholders' Meeting of SICO Saudi REIT
| Element List | Explanation |
|---|---|
| Introduction | Supplementary Announcement from SICO Capital Regarding the Results of the Unitholders' Meeting of SICO Saudi REIT |
| Date of the Previous Announcement | 2025-06-29 Corresponding to 1447-01-04 |
| Hyperlink to the Previous Announcement | Click Here |
| Change Details | Further to SICO Capital’s announcement published on Tadawul's website on 29/06/2025 and pertaining to the results of the SICO Saudi REIT Fund Unitholder Meeting, SICO Capital (the "Fund Manager") announces that it has received the Capital Market Authority's (“CMA”) approval (dated 29/07/2025) on its voluntary withdrawal as Fund Manager of “SICO Saudi REIT” (“the Fund”), and the appointment of Wasatah Capital as the replacement fund manager.
We note that the CMA’s approval was granted following the Fund Manager's fulfilment of the regulatory requirements, including obtaining the approval of the unitholders for the voluntary withdrawal and securing the acceptance of Wasatah Capital to act as the replacement fund manager.
The Fund Manager affirms its full commitment to cooperating with Wasatah Capital to ensure a smooth and orderly transition of fund management responsibilities within (60) days from the date of the CMA’s approval. |
| The Impact Caused by the Change | At this stage, the impact of this event cannot be determined. The Fund Manager will announce any related updates as soon as they are available. |
| Additional Information | N/A |
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