| Element List | Explanation |
| Introduction | With reference to the announcement made by Middle East Financial Investment Company (MEFIC Capital), in its capacity as the manager of MEFIC REIT Fund, dated 17/04/1447H (corresponding to 09/10/2025G), regarding an addendum announcement concerning the occurrence of a specific event related to MEFIC REIT Fund. |
| Date of the Previous Announcement | 2025-10-09 Corresponding to 1447-04-17 |
| Hyperlink to the Previous Announcement | Click Here |
| Change Details | Further to the announcement by Middle East Financial Investment Company (MEFIC Capital) published on 27/07/2025G, the Fund Manager announces the completion of the sale of the Al-Andalus Building on 09/10/2025G. All regulatory procedures have been finalized, the full payment has been received, and ownership of the property has been transferred to the buyer.
The Fund Manager would also like to clarify that the entire sale proceeds, amounting to forty million (40,000,000) Saudi Riyals, have been used to partially repay the outstanding principal of the Fund’s existing financing facilities. |
| The Impact Caused by the Change | The financial impact is expected to be positive. |
| Additional Information | There are no related parties involved in this transaction. |
