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Element List	Explanation
Introduction	Riyad Capital, as the manager of Riyad REIT Fund (the "Fund"), announces the sale of Al Izdihar property (the "Property") located in Al Izdihar District in Riyadh, on 10/06/1447 AH corresponding to 01/12/2025.
Description of the Event	The Property consists of office spaces and retail showrooms, with a 98% occupancy rate as at the sale date, and generated rental revenue of 3,867,899 Saudi Riyals for the trailing twelve-month period ended as of the sale date. The agreed sale value of the property is 47,000,000 Saudi Riyals, excluding the real estate transaction tax. It is worth noting that the Fund had acquired the property in 2015 for 38,000,000 Saudi Riyals. Based on the latest valuation reports for the Fund, the average valuations of the Property amounted to 45,261,500 Saudi Riyals. The book value of the property amounted to 34,530,711 Saudi Riyals, as a result, a profit of 12,469,289 Saudi Riyals will be recorded in the Fund’s financial statements.
The Impact Caused by the Event	The sale transaction will provide the Fund with financial flexibility to improve its financial position and enhance the quality of assets performance. The sale proceeds will be used for several purposes, including but not limited to, reducing the Fund’s financial liabilities, as well as improving the quality of existing properties. This is expected to increase the Fund’s returns and enhance its performance overall.
Additional Information	It should also be noted that there is no related party involved in this transaction.

Riyad Capital Announces the Occurrence of Specific Event to Riyad REIT Fund