SEDCO Capital REIT Fund (SASE:4344) signed an agreement to acquire commercial complex located in Jeddah for approximately SAR 490 million on December 12, 2022. Commercial complex is developed and income-generating asset with a net rental area of 21,000 sqm and a total income of SAR 39 million annually. The Agreement is subject to completing the legal procedures to increase the total value of the Fund's assets by offering additional units, including the completion of the due diligence procedures, and obtaining the approvals of Capital Market Authority, Saudi Stock Exchange (Tadawul), the unitholders and any other regulatory requirements.