Riyadh - Mubasher: Derayah Financial Company announced that the board of directors of Derayah REIT has approved a series of non-fundamental changes to the fund’s operations and documentation.
According to the regulatory filing, these updates are scheduled to take effect on 15 July 2026.
The modifications encompass several administrative and operational aspects of the real estate investment-traded fund.
Specifically, the changes involve updates to the fund’s list of service providers and revisions to the data concerning the fund’s underlying assets.
Furthermore, the board approved an adjustment to the fees paid to the fund's legal accountant.
The disclosure also noted that the list of other investment funds supervised by members of the fund's board of directors has been updated.
These changes follow the necessary internal approvals and are intended to reflect the current operational status of the fund as of the effective date of 15 July 2026.
Derayah Financial did not disclose specific financial impacts resulting from the revised auditor fees or the asset data updates in this announcement.
The company inked a Sharia-compliant credit facility deal totaling SAR 300 million with Arab National Bank (ANB).
