– Announcement –

Announcement by Alkhabeer Capital regarding the occurrence of a specific event in (Alkhabeer REIT Fund)

Following the credit facilities agreement signed by Alkhabeer Capital (Alkhabeer REIT Fund Manager) with Al Rajhi Bank for an amount of SAR 1,035 million and a maturity in September 2031 for any used amount. The total amount of SAR 737.5 million used under these facilities is as follows:

• An amount of SAR 340 million for the Fund’s initial offering.
• An amount of SAR 397.5 million for the Fund’s first additional offering.

Accordingly, Alkhabeer Capital declares that on 12 March 2025 it had entered into a Profit Rate Swap Hedging Agreement with Al Rajhi Bank for a total amount of SAR 567.5 million, as follows:

1. SAR 170 million, representing 50% of the facilities used in the (initial offering),

2. SAR 397.5 million, representing the full facilities used in the (first additional offering).

to fix the profit rate at a fixed rate of 4.96% and protect the fund from profit rate fluctuations during the maturity period of this agreement until February 2030.

It is worth mentioning that a Sharia-compliant hedging agreement was previously executed with Al Rajhi Bank in October 2024 for an amount of SAR 170 million, representing 50% of the facilities used in the (initial offering), at a fixed rate of 5.04%, with a maturity date until February 2030.

– Ends –