Swicorp Announces the latest developments to Swicorp Wabel REIT Fund regarding the partial reopening of the Fund’s Shopping Centers

In reference to Swicorp’s (the “Fund Manager” of “Swicorp Wabel REIT”) earlier announcement published on the Saudi Stock Exchange “Tadawul” website on March 17th, 2020 regarding the temporary closure  of shopping centers due to the precautionary measures undertaken to prevent the spread of the coronavirus (COVID-19), and with reference to the Royal Order issued on April 26, 2020G, which called for partial lifting of the curfew, and allowed the reopening of certain economic and commercial activities to exercise business, including the shopping centers (malls), starting from Wednesday 6 Ramadan 1441H, corresponding to April 29, 2020G, until Wednesday 20 Ramadan 1441H, corresponding to May 13, 2020G, from 9:00 am to 5:00 pm.

Swicorp as Fund Manager announces a partial reopening of all of its malls during the periods & times mentioned above, while committed to the procedures, precautionary measures and instructions issued by the competent authorities in this regard. Meanwhile, the activities that do not meet the precautionary requirements as stipulated in the mentioned Royal Order, will remain closed. However, any developments in this regard will be announced in due course.

The Impact Caused by the Change:
The Fund manager cannot presently determine the full impact on the overall financial position of the Fund. The Fund Manager will disclose any material developments related to this matter in due course on its website as well as the Exchange’s.