REIT-Announcement

Date of the previous announcement: 13-04-1444H Corresponding to 07-11-2022G

Previous announcement link: Click Here

Following the announcement for the Al Rajhi Capital published on 13/04/1444 AH Corresponding to 07/11/2022 AD. Al Rajhi Capital wishes to clarify that on Sunday 11/09/1444AH corresponding to 02/04/2023AD, The Capital Market Authority approved the supplementary terms and conditions related to the increase of the total value of the fund assets, which will be used to complete the acquisition of two properties in Riyadh and Jeddah.

The Impact Caused by the Event: The fund manager expects upon completion of the offering, that the impact will be positive on the fund's distributions.

Additional Information The fund manager later will invite the unit holders to vote on the decision of increasing the total value of the fund assets, and to approve the supplementary annex to the fund's terms and conditions.