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SICO Capital Company Announces the Occurrence of Specific Event to SICO Saudi REIT Fund

Element ListExplanation
Description of the Event SICO Capital Company, as the fund manager of SICO Saudi REIT, announces the signing of a memorandum of understanding “Non-Binding” with Al-Forsan Al-Zahabia Company on 01/10/2022 AD corresponding to 05/03/1444H, in order to study operating three hotel properties in Makkah Al-Mukarramah (Eskan Tower 4) and (Eskan Tower 5) and (Eskan Tower 6).
The Impact Caused by the Event No impact
Additional Information This is as the properties (Eskan Tower 4) and (Eskan Tower 6) lease contracts will expire in December 2022 AD, as for the (Eskan Tower 5) the lease contract expired in December 2021 AD.

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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