Jabal Omar Development Company announces recent development relating to the non-binding offer submitted to the manager of Alinma Makkah Real Estate Fund relating to the full settlement of the rights and obligations of the fund’s assets

Element List	Explanation
Introduction	Further to the announcement made by Jabal Omar Development Company (the “Company”) on Tadawul website on 19/5/1443H (corresponding to 23/12/2021G) in respect of the recent development relating to the non-binding offer submitted to the manager of Alinma Makkah Real Estate Fund (the “Fund”) regarding the full settlement of the rights and obligations of the Fund’s assets (the “Offer”) in exchange for new shares to be issued to the Fund’s unitholders in the Company.

Element List

Explanation

Introduction

Further to the announcement made by Jabal Omar Development Company (the “Company”) on Tadawul website on 19/5/1443H (corresponding to 23/12/2021G) in respect of the recent development relating to the non-binding offer submitted to the manager of Alinma Makkah Real Estate Fund (the “Fund”) regarding the full settlement of the rights and obligations of the Fund’s assets (the “Offer”) in exchange for new shares to be issued to the Fund’s unitholders in the Company.

The Company would like to announce that it has received on 6/6/1443H (corresponding to 9/1/2022G) a notification from the Fund manager informing the Company that the Fund’s unitholders have approved: (i) the implementation of the fundamental changes to the Fund Terms and Conditions to allow the Fund unitholders the option to exit the Fund in exchange for in-kind consideration based on the terms and conditions of the Offer; and (ii) delegating the Fund manager to complete any required regulatory changes to enable the Fund manager to accept the Offer on behalf of the Fund.

The Fund Manager will complete the required procedures for obtaining the CMA approval on the fundamental changes to the Fund Terms and Conditions, and thereafter sign the binding agreement in respect of the transaction, which is expected to be on or prior to Thursday 10 February 2022G.

The Company will announce any further material developments in relation to the transaction in due course. Previous Announcement Recent development relating to the non-binding offer submitted to the manager of Alinma Makkah Real Estate Fund relating to the full settlement of the rights and obligations of the fund’s assets Date of Previous Announcement on Tadawul's Website 2021-12-23 Corresponding to 1443-05-19 Percentage of fulfilled achievement Not applicable Event's Expected Completion Date Not applicable Reasons for Exceeding the Announced End Date Not applicable The costs associated with the event, and if they have changed or not with indication of the reasons. Not applicable Impact of the Delay on the Company's Financial Results Not applicable

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