SEDCO Capital announces changes in terms of SEDCO Capital REIT Fund

SEDCO Capital, fund manager of SEDCO Capital REIT Fund, announced significant changes in the terms and conditions of the fund, according to a bourse filing.

The fund manager said the changes will take effect on June 28, 2020, adding that the changes are as follows:

- Investment objectives section under fund's summary has been amended to include the updated dividend policy.

- Profit distribution policy and timing section has been amended in the fund's summary.

- Fund objectives section has been amended to include the updated dividend policy.

- A description clause for the fund's purposes and investment objectives has been amended to include the updated dividend policy.

- Dividends and other distributions section have been amended.

- Reporting the net assets value section has been amended.

- The board of directors’ section was amended due to the resignation of the board member Nawaf Jamjoom and appointment of Abdulwahhab Abed (executive director) in his place.

- Amendment of the fund's board of directors clause - other funds managed by fund’s board members -has been updated.

- Financial statements section amended.