– Announcement –

Announcement by Alkhabeer Capital regarding the material development of Alkhabeer Growth and Income Traded Fund

After reviewing the recommendations of the Fund Manager of Alkhabeer Growth and Income traded fund (the “Fund”), and taking into consideration the achievement of the best interests of all Unitholders and to maintain their rights, including adherence to the applicable regulatory time periods, the Fund’s Board of Directors has approved the adoption of the Fund Manager’s recommendation to delist the Fund as a closed-ended traded fund and convert it into an open-ended public fund. This resolution is subject to obtaining the approval of the Capital Market Authority, followed by the approval of the Fund’s Unitholders.

Subject to obtaining all required regulatory approvals, this procedure will enable all Unitholders who wish to redeem and/or subscribe in the Fund at net asset value (NAV) per unit.

– Ends –