An advertisement from the Riyadh Development Company

An announcement from the Riyadh Development Company regarding the approval of its board of directors to participate in a real estate investment fund

Further to the company’s announcement on Tadawul website on 11/22/2015 and on 3/27/2016 AD regarding the approval of its board of directors to participate in a real estate investment fund established and managed by Alinma Investment Company which includes the company obtaining an amount of (401,100,000) riyals in exchange for a sale (35%) From its ownership in that land.

Riyadh Development Company announces that it has received an amount of (401,100,000) Saudi riyals according to a certified check dated 06/30/2016 AD.