Mulkia Investment Company, in its capacity as the manager of Mulkia Gulf Real Estate REIT Fund, announces the issuance of the Capital Market Authority’s approval of the supplementary annex to the terms and conditions related to increasing the total value of the fund’s assets.

Date of the Previous Announcement: 2022-01-30 Corresponding to 1443-06-27
URL of the Previous Announcement: link
Subject of change: Mulkia Investment Company, in its capacity as the manager of Mulkia Gulf Real Estate REIT, announces that on Wednesday 07/17/1444 AH corresponding to 02/08/2023 AD, The Capital Market Authority approved the supplementary annex to the terms and conditions related to the increase of the total value of the fund assets, which will be used to complete the acquisition of Aljada commercial and hotel complex in Riyadh. Additional proceeds from the offering will be used to reduce the fund’s outstanding debt amount.
The Impact Caused by the Change: The fund manager expects upon completion of the offering, that the impact will be positive on the fund’s distributions.
Additional Information:The fund manager later will invite the unit holders to vote on the decision of increasing the total value of the fund assets, and to approve the supplementary annex to the fund’s terms and conditions.