Riyadh – Mubasher: Alkhabeer Capital, fund manager of Alkhabeer REIT, on Monday said the fund’s board has approved its recommendation to not proceed with the acquisition process of a real estate property located in Riyadh city.
In January, the Capital Market Authority (CMA) approved increasing the total value of the fund’s assets.
The fund manager will take the necessary procedures to update the file of increasing the total value of the fund's assets, including the fund's Terms and Conditions, and will resubmit it to obtain the necessary approvals, according to a bourse statement.
