| Element List | Explanation |
|---|---|
| Introduction | Introduction Jadwa Investment Company, in its capacity as the fund manager of the Jadwa REIT Al Haramain Fund (the "Fund"), announces a material development regarding one of the Fund's real estate assets located in the Al-Misfalah district, Makkah. |
| Description of the Event | Based on the notifications received from the Holy Makkah Municipality regarding the properties located in the Al-Misfalah district, Makkah, and the subsequent regulatory procedures followed for the evacuation and demolition of several properties located in the Al-Misfalah district, Makkah, Jadwa Investment Company, in its capacity as the Fund manager (the "Fund Manager"), would like to announce the commencement of evacuation and demolition procedures for the retail building situated on the property owned by the Fund, located in the Al-Misfalah district, Makkah (the "Real Estate Asset"). The Real Estate Asset represents approximately 4% of the total asset value of the Fund's portfolio and 4% of the Fund's total revenue as of December 31, 2025, with an annual rental value of Two Million (2,000,000) Saudi Riyals. The Fund Manager intends to take all necessary measures and actions to safeguard the rights of the Fund and the unitholders. |
| The Impact Caused by the Event | The full financial impact cannot be determined with absolute accuracy at this stage, as the impact is expected to be negative. Nevertheless, since the Real Estate Asset represents approximately 4% of the total asset value of the Fund's portfolio and its total revenue, the overall negative impact at the Fund level is expected to be limited. The Fund Manager will disclose any further material developments regarding this matter in due course. |
