MEFIC REIT Fund — Capital/Financing Update 2025

Nov 16, 2025

Middle East Financial Investment Company (MEFIC Capital) Announces the Occurrence of Specific Event to MEFIC REIT Fund

4346 · 16/11/2025 09:48:56 · Announcement #91541 · View on Saudi Exchange

Middle East Financial Investment Company (MEFIC Capital) Announces the Occurrence of Specific Event to MEFIC REIT Fund

4346

MEFIC REIT

0.00 %

1447/05/25     16/11/2025 09:48:56

Element List	Explanation
Introduction	Middle East Financial Investment Company (MEFIC Capital), in its capacity as the manager of MEFIC REIT Fund (“the Fund”), announces that it has entered into three conditional memoranda of understanding with three different sellers on 13/11/2025G (22/05/1447H) (the Memoranda), for the purpose of discussing and studying the potential acquisition by the Fund of the ownership of two properties located in the cities of Makkah and Jeddah, and a usufruct right over a property in the city of Jazan, as detailed below:
Description of the Event	1- Entering into a memorandum of understanding to study the potential acquisition of the ownership of a property located in Jeddah with a total area of 66,588.5 square meters.

2- Entering into a memorandum of understanding to study the potential acquisition of the ownership of a property located in Makkah with a total area of 36,000.01 square meters.

3- Entering into a memorandum of understanding to study the potential acquisition of a usufruct right over a property located in Jazan with a total area of 32,293.23 square meters.

After fulfilling the regulatory requirements and conducting legal, financial, and technical due diligence to ensure the soundness and integrity of the properties, MEFIC Capital will proceed to enter into final binding agreements (“the Final Agreements”) with the sellers for the acquisition of the properties. This will be in consideration of increasing the total asset value (capital) of the Fund through the issuance of in-kind units to the sellers in the Fund. It is noted that the Final Agreements are conditional upon fulfilling the regulatory requirements and obtaining the approval of the Capital Market Authority, the approval of the Fund’s Board of Directors, and the approval of the Fund’s unitholders.

MEFIC Capital clarifies that the duration of the Memoranda is 60 calendar days from the date of signing, renewable upon agreement of the parties. MEFIC Capital is not obligated to enter into the Final Agreements, as the Memoranda are conditional upon completing due diligence and meeting regulatory requirements. MEFIC Capital will proceed with the Final Agreements only after confirming the feasibility, integrity, and legal soundness of the properties, as well as meeting all regulatory requirements.

MEFIC Capital will announce any subsequent developments in due course. The Impact Caused by the Event MEFIC Capital expects that, upon completing the transaction, executing the final agreements, and increasing the total asset value (capital) of the Fund, there will be a positive 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.