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Element List	Explanation
Introduction	Riyad Capital (the "Fund Manager"), in its capacity as the Fund Manager of Riyad REIT (the "Fund"), announces the signing of a sale agreement for a property in one of the Fund’s international investments “Riyad International Real Estate III” (the “Property”), the transaction is expected to be finalized in Q4 of 2025, subject to the completion of the due diligence and the fulfillment of the conditions specified in the signed agreement.
Description of the Event	The Property is located in Dallas, Texas, USA, and is a Class A office building fully leased to Pioneer Natural Resources, one of the largest oil companies in the United States. Riyad REIT invested SAR 213.7 million in the Property during 2019. The sale proceeds are expected to amount to SAR 252 million (excluding fees and expenses). In addition to the above-mentioned sale proceeds, dividends were distributed to the Fund from the Property during the acquisition period amounting to SAR 103.7 million (48.5% of the initial investment value), bringing the total expected return on investment (ROI) to 65%.
The Impact Caused by the Event	The sale, upon completion, will provide the fund with financial flexibility to improve its financial position and enhance the efficiency of its assets. The proceeds from the sale will be used for several purposes, including, for example, partial repayment of outstanding loans, improving the quality of existing properties, and investing in high-quality, income-generating properties.
Additional Information	The Property is the third and final property of "Riyad International Real Estate III", as two properties were divested in 2021 and 2022, achieving a return on investment (ROI) of 51% and 57%, respectively.

Riyad Capital Announces the Occurrence of Specific Event to Riyad REIT Fund