| Element List | Explanation |
|---|---|
| Announcement Detail | Mulkia Investment Company as the manager and operator of the Mulkia Gulf Real Estate REIT Fund, announces that the Fund’s Board of Directors has approved allowing the Fund Manager to take the necessary steps to study the potential sale of one or more properties from the Fund’s portfolio, where capital gains can be realized upon sale. The Fund Manager intends to use the proceeds from any sale to partially repay the Fund’s existing debt and to distribute the resulting capital gains to unitholders as a one-time special distribution. The Impact Caused by the change: The Fund Manager will make a separate announcement upon the sale of any property, including any impact of such sale at that time. Additional Information: The Fund Manager does not guarantee the completion of any property sale because the fund manager will set minimum prices to sell the properties, and sales will only proceed if the sale price exceeds the specified minimum threshold. This approach aims to ensure that the Fund achieves capital gains from this property sale. |
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