المادة 51(a): Merging Real Estate Investment Traded Funds

a) Submitting an application to the Authority for merging REIT funds

1) After obtaining the approval of the unitholders of all the related funds by way of a special fund resolution, the fund manager may apply to the Authority for the approval to merge a number of REIT funds offered in accordance with these Regulations.

2) The merger shall be through combining one fund or more into an existing fund.

3) The unitholders must be notified about the merger details, which must be disclosed on the fund manager’s website and on the Exchange's website, at least,

(21) days prior to executing the merger.

4) The merger details must be incorporated in the fund’s reports prepared by the Fund Manager pursuant to these Regulations, based on the type of offer.

5) The fund manager must disclose the resulted merger costs.