Announcement by SICO Capital Company regarding a Change of the membership of the Board of Directors of SICO Saudi REIT Fund

Fadhel Ahmed Makhlooq (Chairman of the Fund Board – Non-Independent)

Ali AlHussin Hamidaddin (Independent) Ibrahim Fatani (Non-Independent)

Mohannad Al-Khowailed (Non-Independent)

The Board of Directors of SICO Saudi REIT Fund extends sincere thanks and appreciation to Mr. Fahad Ayed AlShammari to his active participation during his membership in the Board of Directors, wishing him continued success.