Riyad REIT Fund — Capital/Financing Update 2017

May 18, 2017

Riyad REIT Announces a property acquisition in Riyadh City

4330 · 18/05/2017 09:51:11 · Announcement #47113 · View on Saudi Exchange

Riyad REIT Announces a property acquisition in Riyadh City

4330

RIYAD REIT

-2.71 %

1438/08/22     18/05/2017 09:51:11

Riyad REIT Announces a property acquisition in Riyadh on 17/05/2017. Details are as follows:

First: The property is a Five star hotel villas leased for 15 years and operated under Vivienda brand.

Second: It is valued at 41 Million Riyal and financed through a Shariah Compliant bank debt.

Third: The current net operating income is Three and a Half million Riyal per year starting from the purchased date.

Fourth: Property was purchased from a non-related party, and without any condition.

This acquisition is a continuation of Riyad REIT strategy to expand and diversify its real estate portfolio through the acquisition of high quality properties located in strategic locations, with long term leases by credit-worthy tenants.

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.