Following the announcement of the Saudi Economic and Development Securities Company (“SEDCO Capital”) published on 20 Rabi’ Al-Awwal 1444H, corresponding to 16 October 2022G, regarding the signing of a banking facilities agreement with Aljazira Bank.

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The change that has occurred:

The Saudi Economic and Development Securities Company (“SEDCO Capital”), in its capacity as the Fund Manager of SEDCO Capital REIT Fund (“the Fund”), would like to announce the approval of the Fund’s Board of Directors to increase the financing limit provided by Aljazira Bank from SAR 1,716,000,000 to SAR 1,869,000,000. The additional facility limit will allow for the acquisition of new real estate assets for the benefit of the Fund.

The impact of the change:

The Fund Manager expects the impact of this event to be generally positive on the Fund’s performance and results.