Announcement by Alinma Capital Company regarding call for a meeting of the Fund’s unitholders of Alinma Retail REIT Fund

The Fund’s Board of Directors believes that the current unit price is below its fair value.

• Number of units to be bought-back.

• The percentage of Fund treasury units to units issued by the Fund.

• The class of the units. Up to a maximum of 10 million cash units, which represent 8.47 % of the units issued by the Fund.

Financing method of the purchase The purchase will be financed from one or more of the following sources, in a manner that serves the interests of the Fund’s unit holders:

• Proceeds from the sale of low yield assets.

• The Fund’s credit facilities.

• Excess cash flows of the Fund, as long as they do not affect the distributions.

- The meeting shall be deemed valid only if unit‑owners representing at least 25 % of the total unit value are present. In addition, the resolution submitted for voting requires the approval of 75 % of the total units represented by their owners at the unit owners’ meeting

- The purchase will be made through the Exchange, rather than a special transaction.

- Treasury units that the Fund may acquire will have no voting rights at the unit‑holders’ meeting, nor shall it have entitlements to the Fund’s distributions

- The execution of the Fund’s buy-back depends on market conditions and the unit price; therefore, the purchase decision rests at the discretion of the Fund’s manager and is not binding.