Aljazira Capital Announces the Occurrence of Specific Event to AlJazira REIT

4331

ALJAZIRA REIT

-1.21 %

1447/06/16 07/12/2025 15:59:43

Element List	Explanation
Introduction	Al-Jazira Capital announces that it has received a letter from the tenant of Warehouse No. (1) in Block No. (10) ("First Complex"), Astra Grains Limited Company, stating that it has experienced difficult financial circumstances leading to the complete closure of its operations. The letter requests approval to terminate the lease and transfer the lease to an alternative tenant, Hassan Ali Al-Touri Company, which operates in the same sector. The current lease with Astra Grains Limited expires on 31/08/2026, with an annual rent of SAR 1,481,820. Accordingly, the lease with Astra Grains Limited has been terminated, and a new lease agreement has been signed with the tenant, Hassan Ali Al-Touri Company, for a period of one year, expiring on 31/08/2026, at the same rental rate as the previous tenant, Astra Grains Limited.

Element List

Explanation

Introduction

Al-Jazira Capital announces that it has received a letter from the tenant of Warehouse No. (1) in Block No. (10) ("First Complex"), Astra Grains Limited Company, stating that it has experienced difficult financial circumstances leading to the complete closure of its operations. The letter requests approval to terminate the lease and transfer the lease to an alternative tenant, Hassan Ali Al-Touri Company, which operates in the same sector. The current lease with Astra Grains Limited expires on 31/08/2026, with an annual rent of SAR 1,481,820. Accordingly, the lease with Astra Grains Limited has been terminated, and a new lease agreement has been signed with the tenant, Hassan Ali Al-Touri Company, for a period of one year, expiring on 31/08/2026, at the same rental rate as the previous tenant, Astra Grains Limited.

Thus, the rental details for the tenant are as follows: Description of the Event - Lease start date: 01/09/2025

- Lease expiry date: 31/08/2026

- Duration of the lease contract: 1 year

- Annual rental price: SAR 1,481,820 The Impact Caused by the Event There is no financial impact of the deal on the fund as the value and duration of the lease has not been changed.

The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.