Mulkia Investment Company, as a Fund Manager & Operator of Mulkia Gulf Real Estate REIT Fund (the Fund), announced signing an acquisition agreement to acquire a new real estate property for the benefit of Mulkia Gulf Real Estate REIT fund (Malathak tower 2) located in Al Maathar neighborhood, Riyadh city. Property information: A mixed use residential and commercial tower income generating property located in Al Maathar neighborhood, Riyadh city on King Saud Road, with a total build up area of 55,320.17 SQM on a land area of 6,217.47 SQM also a land of 3,069.37 SQM used as parking area. The expected annual rental income for the property for the first to fifth years is SAR 20,000,000 based on a rental commitment contract.

The property is distinguished by its presence in a central area surrounded by several government headquarters, such as the Ministry of Interior, the National Information Center, a number of hospitals and others, as well as a number of main headquarters of banks and major companies. The value of the acquisition of the property: SAR 200,000,000, not including the amount of tax and commission.