SICO Capital - SICO Saudi REIT Fund announced the following changes to the Board of Directors of SICO Saudi REIT Fund: Appointment of Mr. Fadhel Ahmed Makhlooq as Non-independent director and dismissal of Mr. Sultan Bin Abdullatif Nugaly as Non-independent director. These changes are effective December 21, 2022. Members of the Fund Board after the Change: Fadhel Ahmed Makhlooq (Chairman of the Fund Board - Non-Independent); Fahad Ayed AlShammari (Independent); Ali AlHussin Hamidaddin (Independent); Ibrahim Fatani (Non-Independent); Mohannad Al-Khowailed (Non-Independent).