Saudi Economic and Development Securities Company (SEDCO Capital) Announces the Occurrence of Specific Event to SEDCO Capital REIT Fund

SEDCO Capital REIT Fund's Board of Directors approved a Memorandum of Understanding to acquire a structurally developed office tower in Riyadh's Al Yasmin District for an expected value of SAR 707 million.
The property features a mandatory three-year leaseback by the seller, generating approximately SAR 69 million in annual rental income, representing a 9.8% yield on the acquisition value.
The office tower is currently in the final finishing stage and includes a total built-up area of approximately 99,223 square meters on a land area of 8,037 square meters.
Completion of the transaction is subject to regulatory approvals from the CMA and Tadawul, unitholder approval, due diligence, and a fund asset value increase through the offering of additional units.

Element List	Explanation
Introduction	SEDCO Capital (“SEDCO Capital”), in its capacity as the Fund Manager of SEDCO Capital REIT Fund (the "Fund"), announces that the Fund's Board of Directors has approved the signing of a Memorandum of Understanding to acquire an office tower located in Al Yasmin District, Riyadh (the "Property"), on 13 Muharram 1448H, corresponding to 28 June 2026G
Description of the Event	Target Property: A structurally developed office tower currently in the final finishing stage, with the seller committed to a mandatory leaseback for a period of three years, generating an annual rental income of approximately SAR 69 million, representing a total yield of 9.8% on the acquisition value Sector: Office City: Riyadh Location: Al Yasmin District Land Area: 8,037 square meters Total Built-up Area: Approximately 99,223 square meters, including basement parking Expected Transaction Value: SAR 707 million (excluding acquisition fees, transaction execution costs, or applicable taxes) Conditions for Completion of the Transaction: Completion of the transaction is subject to the fulfillment of a number of regulatory conditions, including, but not limited to, completion of the regulatory procedures required to increase the total asset value of SEDCO Capital REIT Fund through the offering of additional units, completion of legal, technical, and financial due diligence, and obtaining the approvals of the Capital Market Authority, Saudi Exchange (Tadawul), the Fund's unitholders, as well as any other relevant regulatory approvals or requirements The Fund Manager will disclose any material developments relating to this transaction in due course, in accordance with the applicable laws and regulations
The Impact Caused by the Event	The Fund Manager expects that, upon completion of the increase in the Fund’s total asset value and the acquisition of the Property, the transaction will have a positive impact on the Fund's real estate portfolio, contributing to the enhancement of its performance and future financial results

Element List

Explanation

Introduction

SEDCO Capital (“SEDCO Capital”), in its capacity as the Fund Manager of SEDCO Capital REIT Fund (the "Fund"), announces that the Fund's Board of Directors has approved the signing of a Memorandum of Understanding to acquire an office tower located in Al Yasmin District, Riyadh (the "Property"), on 13 Muharram 1448H, corresponding to 28 June 2026G

Description of the Event

Target Property: A structurally developed office tower currently in the final finishing stage, with the seller committed to a mandatory leaseback for a period of three years, generating an annual rental income of approximately SAR 69 million, representing a total yield of 9.8% on the acquisition value

Sector: Office

City: Riyadh

Location: Al Yasmin District

Land Area: 8,037 square meters

Total Built-up Area: Approximately 99,223 square meters, including basement parking

Expected Transaction Value: SAR 707 million (excluding acquisition fees, transaction execution costs, or applicable taxes)

Conditions for Completion of the Transaction: Completion of the transaction is subject to the fulfillment of a number of regulatory conditions, including, but not limited to, completion of the regulatory procedures required to increase the total asset value of SEDCO Capital REIT Fund through the offering of additional units, completion of legal, technical, and financial due diligence, and obtaining the approvals of the Capital Market Authority, Saudi Exchange (Tadawul), the Fund's unitholders, as well as any other relevant regulatory approvals or requirements

The Fund Manager will disclose any material developments relating to this transaction in due course, in accordance with the applicable laws and regulations

The Impact Caused by the Event

The Fund Manager expects that, upon completion of the increase in the Fund’s total asset value and the acquisition of the Property, the transaction will have a positive impact on the Fund's real estate portfolio, contributing to the enhancement of its performance and future financial results