Mulkia Investment Company, in its capacity as Fund Manager of Mulkia Gulf Real Estate REIT Fund (‘the Fund’), announced that a facility agreement has been signed with Al-Rajhi Bank with the aim of reducing financing costs and extending the loan term for the benefit of the unit holders. More details as follow: Limit of withdrawable facilities: SAR 600 million. Duration is Seven years. The facilities will be used to pay outstanding facilities withdrawn from Bank Albilad an amount of SAR 342.6 million, the remaining amount of the facilities will be used in acquiring additional real estate assets for the fund. Finance costs are paid every six months, and the principle of the loan will be paid as a bullet payment at the end of the agreement period. Work will be done to extend the agreement within a sufficient time before the end of the agreement period. Guarantees: Mortgage of real estate assets equivalent to 200% of the value of the withdrawn facilities for Al-Rajhi Bank, in addition to providing promissory notes for the bank.