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Jadwa Investment announces updates to the Terms and Conditions of Nafaqah Waqf Fund, dated 07/10/2026, corresponding to 26/04/1448. The key changes include the following:

1. Investment Policies: Updating the Fund’s investment policies by removing the previous investment limits of 25% in a single public investment fund and 80% in public investment funds collectively, while remaining subject to applicable regulatory investment restrictions.

2. Unitholders’ Rights: Updating the provisions relating to fundamental and non-fundamental changes, including approval, notification, and disclosure procedures, in accordance with the updated Investment Funds Regulations.

3. Fund Board of Directors: Updating the procedures for appointing members of the Fund’s Board of Directors, while maintaining the beneficiary’s right to nominate members, and updating disclosures regarding Board members’ memberships in other investment funds.

4. Definitions and Terminology: Updating regulatory and investment related definitions and terminology, including terms relating to the Parallel Market (Nomu) and Fund Management Fees, in accordance with applicable regulations.

5. Regulatory Updates: Updating references to regulations and regulatory provisions, as well as certain provisions relating to subscriptions and exemptions, to align with the updated Investment Funds Regulations.

Kindly note that the proposed amendments will become effective ten days following the announcement date