Arabian Centres Company announced on 24 November 2020 the successful conclusion of negotiations with the heirs of Her Highness Princess Munira bint Abdulaziz Al Jiluwi Al Saud (“the first party”) to sign an annex to the Company’s lease contract for the U Walk Jeddah Centre (formerly named Zahra Mall) to amend some its provisions, where the most noteworthy amendments were: The reduction of the total value of land rent over the lifetime of the contract from SAR 1.785 billion to SAR 1.075 billion – a reduction of SAR 620 million; and Amending the start date of the lease period to begin from 01 August 2022 and to end on 31 July 2052.