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Alinma Investment Company Announces a Material Development to Alinma Makkah Real Estate Fund.

Alinma Investment Company Announces a Material Development to Alinma Makkah Real Estate Fund.

10 Ramadan 1441 AH H - 03 May 2020 G

Alinma Investment Company, in its capacity as Fund Manager for the Alinma Makkah Real Estate Fund, announces that it has received a request from the lessee of the Fund's assets, referencing the impacts that Novel Coronavirus (COVID-19) has had on the rental lease entered into with the Fund, represented by the temporary suspension of Umrah observance for citizens, residents, and visitors, and the consequent additional precautions which followed. The Fund Manager is currently studying all relevant aspects before taking any action with due consideration to protecting the rights of Unit Holders and in adherence to the Fund's agreements and the applicable laws, regulations, and rules in the Kingdom of Saudi Arabia. The Fund Manager reaffirms that it will always perform it’s duty to consider investors' best interests and will continue to monitor market developments closely to take all necessary measures, with good faith in Allah Almighty that He will protect the nations and the people from all harm.

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