Albilad Capital announces a material development regarding the Albilad Gold ETF

Accordingly, the Fund Manager is currently unable to update the pricing of the Fund’s assets. This affects the update of the Indicative Net Asset Value per Unit (INAV) and the Net Asset Value (NAV), as the gold contract price used for valuation represents the last traded price of gold contracts on the Dubai Gold & Commodities Exchange as of Friday, 27/02/2026.

At the same time, the Fund Manager has received a letter from the market maker of Albilad Gold ETF, the text of which is as follows:

“With reference to the market-making duties related to Albilad Gold ETF, we would like to inform you that due to the current circumstances and the developments arising, which have led to a disruption in the trading activities of the spot gold contract price index applied at the Dubai Gold & Commodities Exchange, the index market maker has been unable to carry out certain activities related to the market-making mechanism.

Since market making for exchange-traded funds depends on access to the reference markets linked to the Fund’s underlying assets for the purpose of executing creation and redemption of Fund units, it is currently not possible during this period to execute the creation of new Fund units and inject them into the secondary market. This may affect the market maker’s ability to perform its duties optimally. The market maker confirms its commitment to the relevant rules and regulations issued by the Capital Market Authority and the Saudi Exchange (Tadawul).”

For its part, the Fund Manager confirms its continuous monitoring of developments and coordination with the market maker and other relevant parties. The issuance of new units will resume once the reasons that led to the trading disruption in the reference market ceases to exist. An announcement will be made when the Fund’s activities in the primary market return to normal.