Amlak International for Real Estate Finance Co. Announces the renewal of a credit facility agreement with Saudi investment bank ( related party).

Amlak International for Real Estate Finance Co. Announces the renewal of a credit facility agreement with Saudi investment bank ( related party).

|Element List||Explanation|

|Introduction||Amlak International Real Estate Finance Company announces the renewal and amendment of the credit facility agreement (Sharia-compliant) with the Saudi Investment Bank.|

|Date of obtaining the funding||2022-02-28 Corresponding to 1443-07-27|

|Financing entity||Saudi Investment Bank|

|Financing amount.||664,500,000 SAR|

|Financing duration.||one Year|

|Guarantees offered for the financing|| - Assignment of accounts receivable to the bank.

|

- Promissory Note in favor of the bank

|Financing objective||Facilitating the company's business and increasing its ability to finance its clients.|

|Related Parties|| The Saudi Investment Bank - one of the major shareholders - has a direct interest in this agreement.

|

There is also an indirect interest in this agreement with :

1- Mr. Majed Abdulghani Fakeeh, General Manager of Corporate Banking at Saudi Investment Bank.

2- Mr. Khalid bin Abdulaziz Al-Rayes, Chief Executive Officer of Al-Istithmar capital company

which is100% owned by the Saudi Investment Bank.

|Additional Information||The Company confirms that no preferential treatment was given on this agreement and it is within the usual business activity.|