Taleem REIT Fund — Capital/Financing Update 2021

Mar 14, 2021

Saudi Fransi Capital announces an addendum announcement regarding the material developments on Taleem REIT Fund

4333 · 14/03/2021 09:43:15 · Announcement #62242 · View on Saudi Exchange

Saudi Fransi Capital announces an addendum announcement regarding the material developments on Taleem REIT Fund

4333

TALEEM REIT

0.40 %

1442/08/01     14/03/2021 09:43:15

Element List	Explanation
Date of the Previous Announcement	2021-03-09 Corresponding to 1442-07-25
URL of the Previous Announcement	Click Here
Subject of change	An addendum announcement for the Saudi Fransi Capital’s announcement published on 25 Rajab 1442H corresponding to 09 March 2021G, Saudi Fransi Capital wishes to clarify that we have received response from all the tenants of Taleem REIT as following:

A) Two of the Fund tenants have shown willingness to cooperate with an independent financial consultant to assess the financial impact caused by COVID-19 pandemic.

B) The third and final tenant has shown reservation in providing the required financial information to the independent financial consultant to fully conduct an accurate assessment.

Finally, we are in continuous discussions with all the tenants in order to preserve our strategic contractual relationships that will be in the benefit of all stakeholders. The Fund Manager will continue to announce any material developments in this regards in due course. The Impact Caused by the Change The fund manager is currently unable to determine the impact accurately and will follow up on events and announce any future substantial developments.

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.