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Capital Mediation updates Al-Azizia REIT rules
The financial brokerage firm (Wassata Capital), acting as the manager of Al Aziziya REIT, announced that the fund's Board of Directors has approved non-material updates to the Terms and Conditions document, aimed at improving regulatory frameworks and transparency. The amendments include modifications to the profit distribution policy, indicating that distributions will be paid within no more than 60 business days from the end of each financial period, to enhance the reliability of cash flows for investors. Additionally, the changes involved updating legal terminology, developing the governance structure, refreshing fund management information, and improving communication procedures and reporting for investors, all to ensure the protection of shareholders' rights in accordance with local regulations. The amendments will take effect on October 7, 2026, and are designed to strengthen transparency and compliance with regulations to ensure the sustainability of the fund’s operations.
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