Date of the Previous Announcement:  25/03/2024

URL of the Previous Announcement: Link

Change Details:

Further to Mulkia Investment Company announcement regarding the occurrence of a specific event that has been published in 15/09/1445 H corresponding to 25/03/2024 G, Mulkia Investment Company would like to announce finalizing the Process of ownership transfer for the Al-Mathar residential and commercial tower “Malathak Tower 2”.

The Impact Caused by the Change: The fund manager expects a positive effect of the acquisition as this will lead to increasing the uses diversification as well as the geographical distribution and the location of the property, which is close to a densely populated area and close to many ministries and services. Also, positive effect on fund’s revenues is expected.

Additional Information:  Not Applicable.