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Jadwa Investment Company Announces the occurrence of a Material Development on Jadwa REIT Saudi Fund

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Introduction Jadwa Investment Company (the “Fund Manager”), in its capacity as the manager of Jadwa REIT Saudi Fund (the “Fund”), announces that the Fund has increased its shariah-compliant banking facility limit provided by Banque Saudi Fransi, according to the following details:
Description of the Event The limits of the shariah-compliant banking facility, which was previously obtained from Banque Saudi Fransi, have been increased by one hundred and seventy million three hundred thousand Saudi riyals (SAR 170,300,000), bringing the total available banking facility to one billion and one hundred and seventy million and three hundred thousand Saudi riyals (SAR 1,170,300,000).

The purpose of the increase in facility is to finance the Fund’s new acquisitions of income-generating properties located in the Kingdom while ensuring a diversified assets classes exposure that is in line with the Fund's investment strategy, which shall reflect positively on the fund's net income and cash dividends.

The Impact Caused by the Event Withdrawals from the additional facility are made during the term of the original facility agreement. And the full amount of the withdrawn amounts shall be paid in one installment at the end of the facility period. During the term of the agreement, only the financing cost will be paid.

The impact is expected to be positive on the fund, as the increase in the facility limits provides the fund with more flexibility to acquire high quality income-generating real estate assets in line with the fund's investment strategy.

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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