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Disclosure of Material Information

Reference to the above subject mention, we would like to inform you that Kuwait Real Estate Company has signed a credit facility with an Islamic bank in Kuwait amounting to KWD 8.5 million (8.5 million Kuwaiti Dinars) with a flexible interest rate and flexible repayment period, The objective of this facility is to settle a credit facility obtained from other bank amounting to KWD 6.5 million (6.5 million Kuwaiti Dinars), and the remaining will be used in the developments of Company’s Projects.

The effect of material information on the company's financial position will be as Annual interest, depending on the usage of the loan.