Alinma Retail REIT Fund — Capital/Financing Update 2021

Jan 10, 2021

Addendum Announcement from SWICORP Company Regarding Obtaining a SAR 1.4Bn Shariah Compliant Facility for its Swicorp Wabel REIT Fund from The National Commercial Bank

4345 · 10/01/2021 08:29:16 · Announcement #61613 · View on Saudi Exchange

Addendum Announcement from SWICORP Company Regarding Obtaining a SAR 1.4Bn Shariah Compliant Facility for its Swicorp Wabel REIT Fund from The National Commercial Bank

4345

ALINMA RETAIL REIT

-0.44 %

1442/05/26     10/01/2021 08:29:16

Element List	Explanation
Date of the Previous Announcement	2019-06-30 Corresponding to 1440-10-27
URL of the Previous Announcement	Click Here
Subject of change	Swicorp, the Fund Manager of Swicorp Wabel REIT (the “Fund”) announces the availability period for the debt facility amounting to SAR 1.4 billion signed with NCB on 26th June 2019 for the Fund has elapsed. No amounts were drawn from this facility by the Fund during the availability period, and in light of the challenging market conditions that were mainly triggered by the COVID-19 pandemic, and discussions to date with NCB on the subject, NCB has informed Swicorp of its decision to not extend the availability period of the above mentioned debt facility in a letter dated January 7, 2021.

It should be noted that Swicorp is currently in discussions with various other banks to secure debt financing facilities for the Fund to finance the planned growth initiates of the Fund and has already received preliminary term sheets from some banks. Such new debt facilities will be announced publicly by Swicorp once binding agreements relating to those debt facilities have been executed The Impact Caused by the Change There is no financial impact on the Fund.

The Capital Market Authority and Saudi 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.