| Element List | Explanation |
|---|---|
| Description of the Event | Following the credit facilities agreement signed by Alkhabeer Capital (Alkhabeer REIT Fund Manager) with Al Rajhi Bank for an amount of SAR 1,035 million and a maturity in September 2031 for any used amount. The total amount of SAR 737.5 million used under these facilities is as follows: • An amount of SAR 340 million for the Fund's initial offering. • An amount of SAR 397.5 million for the Fund's first additional offering. And, Following to the supplemental announcement by Alkhabeer Capital (Alkhabeer REIT Fund Manager) dated 31 March 2024 regarding the completion of the sale of the “B&Q” property (formerly HomeWorks Center), and the supplemental announcement dated 04 August 2025 regarding the completion of the sale of the “Ahlan Court” property, Alkhabeer Capital announces that on 25 December 2025, the Fund’s Board of Directors approved using the proceeds from the sale of these two properties to repay SAR 150 million of the facilities granted under the fund’s initial offering (Initial Offering). |
| The Impact Caused by the Event | The financial impact of this action is expected to be positive by reducing annual financing costs and improving the fund’s performance. |
