Knowledge Economic City Announces an update on The requirements/ documentations related to obtaining the financing facilities from Tourism Development Fund and Riyad Bank shall be finalized by all parties before end of December 2021.

Element List	Explanation
Introduction	Further to the Knowledge Economic City Company (the Company) announcement on the Tadawul website on 22 April 2021 regarding the agreement made with the Tourism Development Fund and Riyad Bank to provide Murabaha financing facilities amounting to SAR782 million to cover 79% construction cost of the Knowledge Economic City Hub project, which aims to develop the land overlooking King Abdulaziz Road with a mixed-use project with its components mentioned in the announcement, and whereas mentioned in the said announcement that the expected time for completing the documentations and requirements for obtaining the financing will be 6 month from the date of agreement; 22 April 2021,

Element List

Explanation

Introduction

Further to the Knowledge Economic City Company (the Company) announcement on the Tadawul website on 22 April 2021 regarding the agreement made with the Tourism Development Fund and Riyad Bank to provide Murabaha financing facilities amounting to SAR782 million to cover 79% construction cost of the Knowledge Economic City Hub project, which aims to develop the land overlooking King Abdulaziz Road with a mixed-use project with its components mentioned in the announcement, and whereas mentioned in the said announcement that the expected time for completing the documentations and requirements for obtaining the financing will be 6 month from the date of agreement; 22 April 2021,

And further to the company announcement dated 24 Oct 2021 on Tadawul website highlighting the completion of major parts of the requirements by all parties (Tourism Development Fund, Riyad Bank and the company) with the remaining part to be finalized before the end of December 2021,

The company would like to announce that all requirements/ documentations related to the financing agreement from all parties have been completed and signed on Thursday 30 December 2021. Previous Announcement The requirements/ documentations related to obtaining the financing facilities from Tourism Development Fund and Riyad Bank shall be finalized by all parties before end of December 2021. Date of Previous Announcement on Tadawul's Website 2021-10-24 Corresponding to 1443-03-18 Percentage of fulfilled achievement 100% Event's Expected Completion Date N/A Reasons for Exceeding the Announced End Date N/A The costs associated with the event, and if they have changed or not with indication of the reasons. N/A Additional Information A detailed announcement on financing agreement will follow this announcement as per announcement templates required by Tadawul.

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