Introduction: Mulkia Investment Company would like to announce reducing the bank’s profit rate and increasing the bank facilities limit with Al Rajhi Bank.

The fundamental Event:

Mulkia Investment Company, as Fund Manager of Mulkia Gulf Real Estate REIT Fund (“the Fund”), announces that a facility agreement has been signed with Al-Rajhi Bank (‘’ The Bank’’) for the purpose of reducing the bank’s profit rate and an increasing the limit of bank facilities to finance capital expenditures and acquiring new real estate assets in the interest of the unitholders

The most important terms of the financing agreement:

• Raising the limit of bank facilities to 750 million Saudi riyals instead of 600 million Saudi riyals.
• Reducing the fixed part of the interest rate by 22.22%

Effect of the fundamental event:

The Fund Manager expects that the impact resulting from this event to be generally positive on the Fund’s performance, due to reducing the bank’s profit rate, and the possibility of acquiring new real estate assets by accessing the unutilized amount of the bank facility.