Following the announcement for SEDCO Capital published on 07 / 07 / 1441 H, corresponding to 02 / 03 / 2020 G. The Fund Manager wishes to clarify that the following actions have been undertaken to begin increasing the capital of the Fund:

1. Signing a real estate sale and purchase agreement for the portfolio that the Fund Manager wishes to acquire, which consists of 8 developed and income-generating properties in different sectors located between Riyadh and the Eastern Province, with value of around 700 million Saudi Riyals.

2. Conducting technical due diligence.

3. Conducting legal due diligence.

In accordance with the regulations, the Fund Manager will obtain the required approvals from the Capital Market Authority, the Saudi Exchange, and the majority of the unitholders.

Also, the Fund Manager will disclose any developments related to this matter in a timely manner.