| Element List | Explanation |
|---|---|
| Introduction | Saudi Fransi Capital announces material development relating to Bonyan REIT Fund |
| Description of the Event | Saudi Fransi Capital, in its capacity as the Fund Manager of Bonyan REIT Fund, announces that it has executed its right-of-purchase for Al Rashid Mall Abha for an amount of SAR 110,000,000. Work is underway to update the Title Deed to transfer the ownership to the Fund. |
| The Impact Caused by the Event | The Fund Manager expects this transaction to have a positive impact on the Fund. |
| Additional Information | The Fund originally acquired the mall through a 20-year usufruct agreement, which gives the Fund the right to purchase the Asset within 5 years of signing the agreement for a price of SAR 110,000,000. |
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