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Addendum Announcement from SICO Capital Company Regarding the Occurrence of a Specific Event for SICO Saudi REIT Fund

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Date of the Previous Announcement 2022-03-20 Corresponding to 1443-08-17
Hyperlink to the Previous Announcement Click Here
Change Details Following the announcement of SICO Capital Company published on 20/03/2022G corresponding to 17/08/1443H, SICO Capital Company would like to announce that on Tuesday, 27/09/2022G corresponding to 01/03/1444H, the approval of the Capital Market Authority (CMA) was obtained for the supplementary terms and conditions relating to the increase in the Fund’s total asset value by an amount of four hundred and eighty-five million three hundred and twelve thousand eight hundred and fifty-six Saudi Riyals (485,312,856SR), in order to acquire a commercial office property located in Hittin District in Riyadh.
The Impact Caused by the Change The Fund manager expects the acquisition to have a positive impact on the fund, as it will add diversification to real estate activities and geographical distribution with an increase in the weight of the fund's properties in the capital, Riyadh, and it is expected that there will be a positive impact on the fund's returns.
Additional Information Subsequently, the Fund manager will announce an invitation to the unitholders to vote on the decision to increase the Fund’s total asset value and to approve the supplementary terms and conditions of the Fund.

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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