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

7 Jumada I, 1445 AH H - 21 November 2023 G

ELEMENT LIST	EXPLANATION
Description of the Event	Alinma Investment Company, in its capacity as manager of the Alinma Retail REIT Fund, announces the holding of an auction to sell Al Makan Mall - Tabuk - “The Mall” on December 13, 2023 AD, corresponding to Jumada Al-Thani 29, 1445 AH.. The mall has a strategic location in the heart of the city of Tabuk on a land area of (21,428.13 m2) overlooking King Khalid Road, which is a main road that facilitates access to the mall from all Tabuk. The Mall consists of two floors for shops with various sizes that meet the needs of all types of stores, in addition to a basement which includes 319 parking lots, and 171 parking lots in front of the mall. The process of putting Al Makan Mall - Tabuk - up for sale in a public auction comes in implementation of the fund manager’s strategy regarding the real estate portfolio owned by the Alinma Retail REIT Fund, which aims to reduce the concentration of assets in secondary cities and increase assets in the main cities.
The Impact Caused by the Event	It is expected that the proceeds from the sale of Al Makan Mall - Tabuk - will be used to finance future investment opportunities and achieve the fund’s objectives.

ELEMENT LIST

EXPLANATION

Description of the Event

Alinma Investment Company, in its capacity as manager of the Alinma Retail REIT Fund, announces the holding of an auction to sell Al Makan Mall - Tabuk - “The Mall” on December 13, 2023 AD, corresponding to Jumada Al-Thani 29, 1445 AH..

The mall has a strategic location in the heart of the city of Tabuk on a land area of (21,428.13 m2) overlooking King Khalid Road, which is a main road that facilitates access to the mall from all Tabuk. The Mall consists of two floors for shops with various sizes that meet the needs of all types of stores, in addition to a basement which includes 319 parking lots, and 171 parking lots in front of the mall.

The process of putting Al Makan Mall - Tabuk - up for sale in a public auction comes in implementation of the fund manager’s strategy regarding the real estate portfolio owned by the Alinma Retail REIT Fund, which aims to reduce the concentration of assets in secondary cities and increase assets in the main cities.

The Impact Caused by the Event

It is expected that the proceeds from the sale of Al Makan Mall - Tabuk - will be used to finance future investment opportunities and achieve the fund’s objectives.