MEFIC REIT Fund announced on June 21, 2026 amendments to property acquisition agreements for assets in Jeddah and Makkah, extending completion deadlines to October 22, 2026. The Jeddah property purchase terms were modified to allow partial cash payment instead of entirely in-kind payment, contingent on the Fund Manager fully covering an additional cash offering. The Memorandum of Understanding for the Jazan property usufruct right (approximately 32,293.23 square metres) was renewed for 90 business days until October 22, 2026. MEFIC Capital expects a positive impact on the Fund upon transaction completion and increased asset value.

Original announcement:

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