Derayah REIT, announced the signing of a purchase agreement on September 25, 2019 corresponding to 26/01/1441H to acquire a portfolio of logistics assets in the Kingdom of Saudi Arabia for a total consideration of SAR 54.65 million. The expected timeframe to complete the transfer of the properties is six months from the signing of the agreement, extendable by mutual consent. Description of the Event The first property is located in Al-Azizia district in Riyadh and positioned of AlKharj Rd on the south of Southern Ring Rd. The Property consists of two warehouses divided into 12 sections. The Property's built on a land area of 20,000 sqm, and the property's total built-up area is 15,000 sqm. The second property is located in Al-Khalidiyyah district in Dammam and positioned on King Fahad Rd. The property is a logistic complex consisting of 17 stand-alone warehouses, a street in the middle of the complex, a distribution area and an area for services. The Property is built on a land area of 28,000 sqm, and property's total built-up area is 20,000 sqm.