Riyadh – Mubasher: AlAhli REIT Fund 1 unveiled a change in its board of directors following the appointment of Faisal Al Nasser as a non-independent member.
The appointment is effective as of 3 September 2026. Following this change, the board of directors for the fund consists of six members.
Abdulrahman Al Rashed continues to serve as the independent Chairman of the Board.
The remaining board composition includes independent member Mohammed Al Ayidi, alongside non-independent members Mohammed Al Saqqaf, Ahmed Al Mousa, Firas Houhou, and the newly appointed Faisal Al Nasser.
The fund manager, SNB Capital, confirmed that the restructuring of the board was finalized on 3 September.
Al Ahli REIT Fund 1 is a closed-ended public real estate investment traded fund compliant with Sharia principles.
At the end of June 2026, the fund’s total assets hit SAR 2.01 billion, while total liabilities reached SAR 854.84 million.
