–Announcement-

Announcement by Alkhabeer Capital regarding a material development of Alkhabeer REIT Fund

With reference to the Fund’s Board of Directors’ resolution dated 30 October 2024, approving the execution of a hedging agreement valued at SAR 170 million, and further reference to the Board’s resolution dated 25 December 2025, approving the use of proceeds from the sale of “B&Q” and “Ahlan Court” properties to repay SAR 150 million of the credit facilities granted at the Fund’s initial public offering (the “IPO Facilities”).

Accordingly, Alkhabeer Capital hereby announces that, on 3 February 2026, the Fund’s Board of Directors approved the termination of the hedging agreement referenced in this announcement, resulting in SAR 20 million of the IPO Facilities remaining unhedged.

The financial impact of this action is expected to be positive, contributing to a reduction in annual financing costs and enhancing the Fund’s overall performance.

– Ends –