Mulkia Investment Announces a fundamental change on Mulkia Gulf Real Estate REIT

Mulkia Investment Announces a fundamental change on Mulkia Gulf Real Estate REIT

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%

Mulkia Investment Announces a fundamental change on Mulkia Gulf Real Estate REIT