The Capital Market Authority announced its decision approving the request submitted by the Saudi Economy and Development Company for Securities “Fund Manager” to increase the total asset value of the SADCO Capital REIT) by offering additional units to acquire new real estate assets, as the Fund Manager’s request met the regulatory disclosure requirements in accordance with the Real Estate Investment Funds Regulations.

The fund manager will publish the supplementary addendum to the fund’s terms and conditions on the fund manager’s website and the market’s website, provided that information regarding the increase in the fund’s total asset value through the offering of additional units and the objectives thereof is disclosed well in advance of the date of the unitholders’ meeting, which will be determined and announced later by the fund manager, to enable unit holders to vote on the resolution to increase the Fund’s total asset value through the issuance of additional units. The Supplementary Annex to the Fund’s Terms and Conditions contains the information and data that unit holders need to review before making their decision to vote on the resolution to increase the Fund’s total asset value through the issuance of additional units, particularly information regarding the real estate assets to be acquired and risk factors.