Description of the Event: Al Wasatah Al Maliah (Wasatah Capital) Company in its capacity as the fund manager of Al Waha REIT Fund, announces signing a lease contract with Shumou Food Trading Company (Owned by a related party) to rent Showroom No. 2 in the Shahad Offices and Showrooms Building for a period of one year ending May 2027G for a total amount of 296,604.00 Saudi Riyals excluding VAT , which represents 1.31% of the total revenues of the Fund based on the audited financial statements issued at the end of 2025G.
The Impact Caused by the Event: No impact
Additional Information: Shumou Food Trading Company is 40% owned by Shumou Commercial Investment Company Limited (Major Unitholder & property manager of some of the Fund’s properties as per what was disclosed in the fund’s terms and conditions) and 60% by Mr. Abdulaziz bin Fahd bin Mugayel (Shareholder in Shumou Commercial Investment Company Limited and a major unitholder in the fund).
