Following the announcement of the Saudi Economic and Development Securities Company (SEDCO Capital), published on 27 / 12 / 1443 H, corresponding to 26 / 07 / 2022 G, regarding the approval of the Fund Board to start taking the necessary measures to increase the total value of the assets of SEDCO Capital REIT Fund (the “Fund”).  The Saudi Economic and Development Securities Company (“SEDCO Capital”) in its capacity as the Fund Manager wishes to clarify that on Sunday, 11 / 09 / 1444 H, corresponding to 02 / 04 / 2023 G, the Capital Market Authority approved to increase the total value of the Fund’s assets by offering additional units, in order to acquire the Atelier La Vie property in Jeddah.

Previous announcement link:

https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/!ut/p/z1/lZLRToMwFIafZRdcmnMY0IJ3dcaOZcgQUOjNUjYySaAQ02nm00vkiimb9q7N9-c_30lBQAZCyffqIHXVKln391yQrcMIzpcuhrhMFkgw5iRNXPPet-BlDLgBJxg9siicUwf5M4L4Vx7jjYPRwyaw1viEHMnf8jhx2NX-vM_TacCEGASI4hSfmqKtIbct2x5emFLtUe3KplQacrOfRIzLQubR3mV1x_01s1xCz4FflnU27s9tfAOXdC8KzwnE8u2KdEQG6V3bdFKNzVcgDnVbDD_jVevu1kADtdzLj2Nt9PVSqYXUkJnTgL-HjHgWpdA1aZp9JmXh-ZV_w5ttoJ2czWZf6sPLtA!!/dz/d5/L0lHSkovd0RNQU5rQUVnQSEhLzROVkUvZW4!/

 

The resulted impact: upon completion, the Fund Manager believes that this would positively contribute to the Fund’s overall performance and distributions.

Later on, The Fund Manager will announce any developments in this regard, including inviting the current unitholders to vote on increasing the total value of the Fund’s assets and the fundamental changes in the supplementary annex to the terms and conditions of the Fund.