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Mulkia Investment Announces a Material Development to Mulkia Gulf Real Estate REIT

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Description of the Event On 08/08/2019 the fund has signed an agreement to purchase Elite Mall building located in Riyadh (Dhabab street) on a land area of 9,600 square meters and a building area of 21,929 square meters, and the value of the deal is 201.5 million riyals, note that the property will be fully leased for five years with a net income of 16 million riyals per year starting from the date of transfer of ownership
The Impact Caused by the Event The acquisition will be by increasing the size of the fund by approximately 80.6 million riyals at a price of 9.94 riyals / unit, which represents 40% of the value of the property and the remaining value will be paid by financing after obtaining the necessary approvals according to the relevant regulation.
Additional Information The seller is not a related party

The Capital Market Authority and the Saudi Stock Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.

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