Al Maather Reit Fund announced that Further to the announcement of Osool & Bakheet Investment Company (Fund Manager of Maather REIT), published on March 1, 2020, related to extend the signed Memorandum of Understanding with Al-Roqi National Schools Company for the purpose of developing and build ROQI national school in south Riyadh at Zahra district. The school will be constructed on built to suit concept on a land area of 7000 meters (seven thousand square meters), in return for that, the tenant will lease the entire complex (the land and the building) for a period of 26 years, the MOU to be expired on May 31, 2020. Osool & Bakheet Investment Co and Al-Roqi National Schools Company have agreed to extend MoU's validity for a further period until October 31, 2020, in order to allow additional time to issue needed permits and licenses. All the terms and conditions of the MoU remain unchanged.