Saudi Real Estate Company announced that in connection with the assessment of options available for the Company to transfer the lands title deed ownership invested earlier in the Alinma Alakaria Real Estate Fund along with the tax implication, the Company would like to announce that it has incorporated a newly established limited liability company, Hodoud Real Estate Investment, a fully owned subsidiary with a Commercial Registration 101836057 (Headquarter in Riyadh), commencing its business activities on October 25, 2022 with fully paid-up capital of SAR 10,000 divided into 1,000 equal shares (SAR 10 /Share), to transfer the ownership of lands invested earlier in the Alinma Alakaria Real Estate Fund.