Addendum Announcement from NCB Capital Company Regarding the Material Development to AlAhli REIT Fund 1

Published: 31 Mar 2020
Date of the Previous Announcement 2019-12-26 Corresponding to 1441-04-29
Hyperlink to the Previous Announcement
Change Details Pursuant to the announcement made by NCB Capital Company published on 23 Safar 1441 AH corresponding to October 22, 2019 and the announcement published on 29 Rabi ’Al-Thani Rabbi 1441 AH corresponding to 26 December 2019, related to the signing of a purchase agreement for the acquisition by AlAhli REIT Fund 1 of an office complex in Riyadh for an amount of SAR 250 million, NCB Capital would like to confirm that it is in the process of completing the acquisition requirements, related agreements, and the acquisition will be completed after the end of the precautionary measures taken by the government of the Kingdom of Saudi Arabia.
The Impact Caused by the Change Any developments in this regard will be announced in due course.