Mulkia Gulf Real Estate REIT gets CMA approval on asset value increase

Logo of Mulkia Gulf Real Estate REIT Fund

Mulkia Investment Co., the fund manager of Mulkia Gulf Real Estate REIT Fund, obtained the approval of the Capital Market Authority (CMA) to increase the fund's total asset value, according to a CMA statement.

The move will be implemented through issuing additional units for acquiring real estate assets.

The approval was granted after the fund manager fulfilled the relevant requirements as per the Real Estate Investment Funds Regulations.

Prior to unitholders meeting that will vote on the asset value increase, the fund manager will publish the supplementary annex of the terms and conditions (T&Cs) to unitholders. The annex will include all relevant information the unitholders need to know before voting on increasing the total assets value, such as information about the acquisition transaction and risk factors.