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Saudi Fransi Capital Announces a Change in the membership of the Board of Directors of Bonyan REIT Fund

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Introduction Saudi Fransi Capital Company announces a change in the membership of the Board of Directors of Bonyan REIT Fund due to the resignation of the Board Member Mr. Hani Ibrahim Ahmed Obaid (Independent Member), as of 10 Rabiʽ al-Awwal1442 H corresponding to 27 October 2020 G.
Element ListExplanation
Reason of Change Resignation
Member Name Hani Ibrahim Ahmed Obaid
Membership Classification Independent
Effective Date 2020-10-27 Corresponding to 1442-03-10
Element ListExplanation
Members of the Fund Board after the Change • Shahjahan Qadeer Mirza - (Chairman)

• Sulaiman Abdulrahman Saad Al-Rashed - (non-independent member)

• Mohamed ElSayed Abdella Mohamed - (non-independent member)

• Faisal Muhammad Abdulrahman Al-Omran - (Independent Member)

Additional Information Saudi Fransi Capital Company announces a change in the membership of the Board of Directors of the Bonyan REIT Fund

Saudi Fransi Capital Company announces a change in the membership of the Board of Directors of Bonyan REIT Fund due to the resignation of the Board Member Mr. Hani Ibrahim Ahmed Obaid (Independent Member), as of 10 Rabiʽ al-Awwal1442 H corresponding to 27 October 2020 G.

Post this resignation, the fund has the following board members:

• Shahjahan Qadeer Mirza - (Chairman)

• Sulaiman Abdulrahman Saad Al-Rashed - (non-independent member)

• Mohamed ElSayed Abdella Mohamed - (non-independent member)

• Faisal Muhammad Abdulrahman Al-Omran - (Independent Member)

Accordingly, the fund manager confirms that they will take all necessary measures to appoint an independent board member to replace the resigning member in a timely manner.

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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