NCB Capital Company announces the update of the terms and conditions of AlAhli REIT Fund (1) (“the Fund”), the update is effective on 22/08/1442 AH corresponding to April 4, 2021 according to following changes:

•Article 6, Clause (C) – Description of Real Estate Asset Types to be Invested by The Fund: Included description of the land, adjacent to AlAndalus Mall, acquired by the fund, and updated Alandalus Mall and Hotel performance as of December 31st, 2020

•Hotel Staybridge Suites – Jeddah: Updated the name of the hotel from “Staybridge Suites Hotel” to “AlAndalus Mall Hotel”

•Article 9 – Fees, Charges, Expenses and Management Fees: Update the annual sharia audit and advisory fees from SAR 27,000 to SAR 24,000, and delete expenses that are not applicable on the Fund

•Article 14 – Board of Directors: Delete A brief biography of the non-independent member Mr. Saleh Mohammed Al Habib who resigned on March 25th, 2021

•Appendix 2 – Summary of the Fund performance: Update the Fund performance as of December 31st, 2020

The updated terms and conditions can also be viewed through the following link:

https://tadawul.com.sa/Resources/fsPdf/10439_1041_2021-04-04_12-10-57_en.pdf