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Announcement by Alinma Investment Company regarding the occurrence of a specific event in Alinma Retail REIT

19 Jumada II, 1445 AH H - 01 January 2024 G

ELEMENT LIST	EXPLANATION
Description of the Event	Alinma Investment Company, in its capacity as Fund Manager of Alinma Retail REIT Fund, announces the signing of an agreement to purchase an office property in Riyadh on 19/06/1445 AH corresponding to 01/01/2024 AD (the “Agreement”), and the details of the property are as follows: • The property located in Hittin district, in Riyadh city, Saudi Arabia. It is an office complex built on a land area of (5,180.7) square meters, with a built-up area of (15,362) square meters, and a gross leasable area of (6,627) square meters. • The property purchased price is SAR 110 million (not including the brokerage fees and real estate transaction tax). The property has been rented for a total amount exceeding SAR 9.86 million (8.96% of the purchase price). • The property is strategically located, and the development has been completed recently. Moreover, the property currently leased to two Companies (as the main tenants) , that will support in reducing related operational costs and facilitates the collection process. • The agreement is conditional on completing a due diligence examination for the property, in addition the intention to be financed through credit facilities. • Due to the tenants grace period exist that ends in May 2024 for the first tenant and June 2024 for the second tenant, it was agreed with the seller to postpone payment and transfer title deeds until April 2024. • Whereas the terms and conditions of the fund stipulate that the fund manager receives 1% of the purchase price of each real estate asset in exchange for the fund manager conducting the necessary investigation and negotiation, in order for aiming to achieve a positive impact over the fund and unitholders, Alinma Investment Company has waived the Transaction fees related to this asset.
The Impact Caused by the Event	It is expected that the financial impact of the deal will be positive in general, which will be reflected in the fund’s results during the coming period if the deal is completed. We would also like to note that there are no related parties in this deal.

ELEMENT LIST

EXPLANATION

Description of the Event

Alinma Investment Company, in its capacity as Fund Manager of Alinma Retail REIT Fund, announces the signing of an agreement to purchase an office property in Riyadh on 19/06/1445 AH corresponding to 01/01/2024 AD (the “Agreement”), and the details of the property are as follows:

• The property located in Hittin district, in Riyadh city, Saudi Arabia. It is an office complex built on a land area of (5,180.7) square meters, with a built-up area of (15,362) square meters, and a gross leasable area of (6,627) square meters.

• The property purchased price is SAR 110 million (not including the brokerage fees and real estate transaction tax). The property has been rented for a total amount exceeding SAR 9.86 million (8.96% of the purchase price).

• The property is strategically located, and the development has been completed recently. Moreover, the property currently leased to two Companies (as the main tenants) , that will support in reducing related operational costs and facilitates the collection process.

• The agreement is conditional on completing a due diligence examination for the property, in addition the intention to be financed through credit facilities.

• Due to the tenants grace period exist that ends in May 2024 for the first tenant and June 2024 for the second tenant, it was agreed with the seller to postpone payment and transfer title deeds until April 2024.

• Whereas the terms and conditions of the fund stipulate that the fund manager receives 1% of the purchase price of each real estate asset in exchange for the fund manager conducting the necessary investigation and negotiation, in order for aiming to achieve a positive impact over the fund and unitholders, Alinma Investment Company has waived the Transaction fees related to this asset.

The Impact Caused by the Event

It is expected that the financial impact of the deal will be positive in general, which will be reflected in the fund’s results during the coming period if the deal is completed. We would also like to note that there are no related parties in this deal.