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FinancialNews
08-12-19
Registration of AlAhli REIT Fund 1 with General Authority for Zakat, Income for Zakat is done
(MENAFN) According to a statement by fund manager NCB Capital, the registration of AlAhli REIT Fund 1 with the General Authority for Zakat and Income for the reason of Zakat was finished.
The statement said that, the yearly Zakat cost will be paid by the fund beginning from 2019, and the Zakat clauses and fees in the fund's terms and conditions have been updated.
The board of directors of AlAhli REIT Fund 1 agreed On Nov. 20 to commence the actions of registering the fund with the General Authority for Zakat and profits for the purpose of Zakat.
MENAFN0812201900450000ID1099387112
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