| Element List | Explanation |
|---|---|
| Description of the Event | SNB Capital, as the fund manager of AlAhli REIT Fund 1, is pleased to announce the successful execution of a new 5-year lease agreement for one of the Fund's assets (Qbic Plaza) . The new lease agreement carries a total contract value of SAR 207 million, based on a rental rate of SAR 41.4 million per year (including VAT). |
| The Impact Caused by the Event | The fund manager anticipates that this transaction will have a positive impact on the fund’s profitability and strengthen its financial position, thereby enhancing returns for its unitholders. |
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