| Element List | Explanation |
|---|---|
| Description of the Event | AL Wasatah Al Maliah (Wasatah Capital), in its capacity as the fund manager of Al Aziziah REIT Fund, announces that the Fund has collected an amount of SAR 2,000,000, relating to receivables for the years 2018 and 2019, as part of the Fund Manager’s efforts to follow up and collect the outstanding financial receivables due from Eskan for Development and Investment Company, as a former tenant. |
| The Impact Caused by the Event | This collection is expected to have a positive impact on the Fund’s cash liquidity and financial position. The Fund Manager will continue taking the necessary actions to collect the remaining outstanding receivables from the company, and any material developments will be disclosed in accordance with the applicable rules and regulations. |