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Announcement by Alinma investment Company regarding a material development of Alinma Retail REIT.

26 Rabiʻ II 1444 AH H - 20 November 2022 G

ELEMENT LIST	EXPLANATION
Description of Event.	Alinma Investment Company (“Fund Manager”) announces that Alinma Retail REIT Fund has signed a credit facilities agreement with Alinma Bank, in compliance with Islamic Sharia, at a value of 750 million Saudi riyals, in exchange for a mortgage of income-generating real estate and a promissory note. It is worth noting that the financing period is 8 years, and the profit margin will be 1.3 + SIBOR 3 months.
The resulted impact from the occurrence of the event.	The credit facilities will be used to finance the acquisition of new assets for the Fund, which are expected to have a positive impact on the Fund.

ELEMENT LIST

EXPLANATION

Description of Event.

Alinma Investment Company (“Fund Manager”) announces that Alinma Retail REIT Fund has signed a credit facilities agreement with Alinma Bank, in compliance with Islamic Sharia, at a value of 750 million Saudi riyals, in exchange for a mortgage of income-generating real estate and a promissory note. It is worth noting that the financing period is 8 years, and the profit margin will be 1.3 + SIBOR 3 months.

The resulted impact from the occurrence of the event.

The credit facilities will be used to finance the acquisition of new assets for the Fund, which are expected to have a positive impact on the Fund.