Further to the announcement of the Saudi Economic and Development Securities Company (“SEDCO Capital”) published on 06 Dhu Al-Qi’dah 1446H, corresponding to 04 May 2025G, regarding the signing of two non-binding memoranda of understanding to acquire four (4) office complexes (“Properties”) in the city of Riyadh on 03 Dhu Al-Qi’dah 1446H, corresponding to 01 May 2025G

Date of previous announcement on the Tadawul website:

06-11-1446 corresponding to 04-05-2025

Previous announcement link:

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The change that has occurred:

The Saudi Economic and Development Securities Company (“SEDCO Capital”), in its capacity as the Fund Manager of SEDCO Capital REIT Fund (the “Fund”), announces that the Fund’s Board of Directors has approved the signing of a purchase agreement for one of the properties referred to in the second memorandum of understanding (the “Property”) located in the city of Riyadh, on 30 Rajab 1447H, corresponding to 19 January 2026G, in accordance with the following details:

Property Name: Office Complex

Sector: Office

City: Riyadh

Location: Anas Bin Malik Road, Al Yasmin District

Net Leasable Area: 5,267 square meters

Acquisition Value: SAR 125,775,000 (excluding any acquisition-related fees).

Lease Contract Details:

The property is leased under a single-tenant contract to a government entity (“the Tenant”)

The lease term is estimated at three (3) Gregorian years

The annual rental value is SAR 11,180,000, representing a total return of 8.9% per annum.

It should be noted that the transaction was financed through facilities granted to the Fund, in addition to proceeds from the sale of one of the Fund’s properties.

The impact of the change:

The Fund Manager expects the impact of this event to be generally positive on the Fund’s real estate portfolio, as well as on the Fund’s overall performance and results.