Alinma Investment Company announces an intrinsic event on AlInma Hospitality REIT.

1 Dhuʻl-Hijjah, 1444 AH H - 19 June 2023 G

Alinma Investment Company (“The Fund Manager”) announces a Shari’ah compliant facility agreement with AlInma Bank amounts to 1,000 Million Saudi Riyal by pledging income-generating assets and providing a promissory note after acquiring AlInma Hospitality REITs Board of Directors’ approval on that regard. Evidently, the facility matures after a 10 year span and bears an interest rate of 1.2% + SAIBOR 3 months and will only be utilized to acquire income-generating assets that would fit the Fund.

OUTCOME:

The facility will only be utilized to acquire new, income-generating assets which could have a positive impact for the Fund.