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SICO Capital Company Announces a Change in the membership of the Board of Directors of SICO Saudi REIT Fund

Element ListExplanation
Introduction SICO Capital Company announces a change in the membership of the Board of Directors of SICO Saudi REIT Fund due to the appointment of the Board of Directors of the Fund Mr. Ibrahim Fatani (Non-independent member) and Mr. Mohannad Al-Khowailed (Non-independent member) of the date 04/10/2022 corresponding to 08/03/1444 H.

The members of the board of directors after the change:

Element ListExplanation
Reason of Change Appointment
Member Name Mr. Ibrahim Fatani
Membership Classification Non-independent
Effective Date 2022-10-04 Corresponding to 1444-03-08
Element ListExplanation
Reason of Change Appointment
Member Name Mr. Mohannad Al-Khowailed
Membership Classification Non-independent
Effective Date 2022-10-04 Corresponding to 1444-03-08
Element ListExplanation
Members of the Fund Board after the Change Sultan Bin Nugaly (Chairman – Non-Independent)

Fahad Ayed AlShammari (Independent)

Ali AlHussin Hamidaddin (Independent)

Ibrahim Fatani (Non-Independent)

Mohannad Al-Khowailed (Non-Independent)

Additional Information Mr. Ibrahim Fatani is Head of Asset Management in SICO Capital. He has 16 years of professional experience in the financial sector and Asset Management field. Ibrahim managing and supervising all the investment activities including Mutual Funds, Real Estate Funds and, Discretionary Portfolio Management. Prior joining to SICO he worked as Head of Asset Management in MEFIC Capital for two years. Before MEFIC Capital, Ibrahim held several leadership positions in local and international investment firms including: Deutsche Securities Saudi Arabia, Alinma Investment, HSBC Saudi Arabia Limited, Credit Agricole Asset Management and Riyadh Bank.

Ibrahim holds a bachelor degree of Finance from Prince Sultan University, Saudi Arabia.

Mr. Mohannad Al-Khowailed is the CEO of Eskan Development and Investment Company. He holds a Bachelor degree from Saint John University in Canada and a Master degree from London Business School. Mr. Mohannad has held many leadership positions in many companies. Prior joining Eskan Development and Investment Company, he held the position of CEO at AlKhowailed Real Estate Investments Company, Deputy CEO at Distinctive Elite Medical Co and Vice President at Aris Real Estate Company.

The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.

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