Musharaka Capital as the Fund Manager for Musharaka REIT fund announced the commencement of the fund acquisition procedures for a new property located in the United Arab Emirates in Dubai, with a total value of AED 46,000,000, the price was decided after the fund has obtained evaluations from two independent real estate accredited valuers. The target property is one of the self-storage facilities in the Middle East, as it is a fully equipped building for the purposes of self-storage services with international standards, the target property is distinguished by its strategic location overlooking Sheikh Zayed Road and the quality of the user of the property, where the property will be re-leased to the current tenant -The Box Self Storage Services Company. The lease contract is distinguished by a long-term period that extends to 25 binding years under bank checks, and the annual rental value starts at AED 4,000,000 with 10% increase in rental value every five years.

Below is a summary of the property and transaction details: Country: United Arab Emirates, City: Dubai, Land area: 5,378.26 square meters, Building area: 13,860 square meters, Lease area: 9,732 square meters, Acquisition value: AED 46,000,000, Net annual income: AED 4,000,000, Contract Duration: 25 binding years, extendable for an additional five years, Guarantees: 48 bank checks with the total rental value for the entire period of the binding contract, Age of the property: The property is new, Location: The property is in the Emirate of Dubai, Jebel Ali First District overlooks Sheikh Zayed Road, Tenant: The Box Self Storage Services Company. The purpose of the lease: to use the property for self-storage services activity.