Supplementary Announcement by Middle East Financial Investment Company (MEFIC Capital) Regarding the Occurrence of a Certain Event for MEFIC REIT Fund.

The Board of Directors of MEFIC REIT Fund approved an increase in the Fund’s total asset value by SAR 834,808,950 to facilitate the acquisition of two real estate assets in Jeddah and Makkah.
The Fund will acquire a commercial complex in Jeddah for SAR 460 million, financed through SAR 349.3 million in in-kind units and SAR 110.7 million in cash from a proposed SAR 130.5 million unit offering.
A land plot for real estate development in Makkah will be acquired for SAR 355 million, financed entirely through the issuance of in-kind units to the seller.
The acquisitions and total asset value increase are subject to obtaining necessary approvals from the Capital Market Authority, the Saudi Exchange (Tadawul), and the Fund’s unitholders.

Element List	Explanation
Introduction	Further to the announcement published by Middle East Financial Investment Company (“MEFIC Capital”), in its capacity as the fund manager of MEFIC REIT Fund (the “Fund”), on 25/05/1447H corresponding to 16/11/2025G, regarding the execution of three conditional memoranda of understanding with three different sellers on 22/05/1447H corresponding to 13/11/2025G (the “MoUs”), for the purpose of discussing and studying the possibility of the Fund acquiring ownership of two properties located in Makkah and Jeddah, and usufruct rights over a property located in Jazan. Further to the supplementary announcement published on 16/07/1447H corresponding to 05/01/2026G, regarding the agreement with the parties to renew the term of the MoUs for a similar period commencing on 23/07/1447H corresponding to 12/01/2026G and ending on 24/09/1447H corresponding to 13/03/2026G, renewable upon agreement of the parties to the MoUs. Further to the supplementary announcement published on 26/09/1447H corresponding to 15/03/2026G, regarding the agreement with the different sellers to enter into real estate asset sale and purchase agreements for the acquisition of ownership of a property in Jeddah and a property in Makkah, and the agreement to renew the term of the memorandum of understanding relating to the Jazan property. Further to the supplementary announcement published on 06/01/1448H corresponding to 21/06/2026G, regarding the agreement with the different sellers to: (1) amend the real estate asset sale and purchase agreement relating to the property located in Jeddah; (2) amend the land sale and purchase agreement relating to the property located in Makkah; and (3) renew the term of the memorandum of understanding relating to the Jazan property.
Date of the Previous Announcement	2026-06-21 Corresponding to 1448-01-06
Hyperlink to the Previous Announcement	Click Here
Change Details	MEFIC Capital, in its capacity as the Fund Manager, would like to announce that the Fund’s Board of Directors approved on 10/01/1448H corresponding to 25/06/2026G, the increase of the Fund’s total asset value through the acquisition of a developed and income-generating commercial complex located in Jeddah, with a total area of sixty-six thousand five hundred and eighty-eight point five square meters (66,588.5 sqm), for a total value of SAR 460,000,000 excluding Real Estate Transaction Tax. The acquisition will be financed through the issuance of in-kind units to the seller amounting to SAR 349,300,000, in addition to a cash consideration of SAR 110,700,000. The cash consideration will be financed from the proceeds of a cash units offering to investors amounting to SAR 130,508,950. In addition, the Fund’s Board of Directors approved the acquisition of a land plot designated for real estate development located in Makkah, with a total area of thirty-six thousand point zero one square meters (36,000.01 sqm), for a total value of SAR 355,000,000 excluding Real Estate Transaction Tax. The acquisition will be financed through the issuance of in-kind units to the seller amounting to SAR 355,000,000. The increase in the total value of the Fund’s assets will amount to SAR 834,808,950 through the acceptance of in-kind and cash contributions, following the receipt of the required approvals for the acquisition of the additional real estate assets. The procedures for increasing the total value of the Fund’s assets require obtaining the approval of the Capital Market Authority, the Fund’s unitholders, and any other regulatory approvals, in accordance with the Fund’s terms and conditions and within the framework of the process for increasing the total value of the Fund’s assets.
The Impact Caused by the Change	MEFIC Capital expects that, upon completion of the transaction and the increase in the total value of the Fund’s assets, there will be a positive impact on the Fund.
Additional Information	MEFIC Capital will announce any subsequent developments in due course. Please note that the increase in the total value of the Fund’s assets remains subject to the approvals of the Capital Market Authority, the Saudi Exchange Company (“Tadawul”), and the Fund’s unitholders.