Valuation report Qbic Building, Al Ghadeer District, Riyadh, Kingdom of Saudi Arabia Prepared on behalf of NCB Capital Date of issue: 28th July 2020 National Commercial Bank Capital, Danial Mahfooz, CFA, T: +966 12 690 7817, M: +966 54 475 2329
[email protected] Knight Frank Spain Saudi Arabia Real Estate Valuations Company, 1st Floor, WH14, Raidah Digital City, Riyadh, Kingdom of Saudi Arabia, Stephen Flanagan, +971 4 4512 000,
[email protected] KF ref: KF/V/173-2020 Knight Frank Spain Saudi Arabia Real Estate Valuations Company is a company registered in KSA with license number 1010564516. Executive summary The executive summary below is to be used in conjunction with the valuation report to which it forms part and is subject to the assumptions, caveats and bases of valuation stated herein and should not be read in isolation. Address Qbic Building, King Abdulaziz Road, Al Ghadeer District, Riyadh, KSA Location The property is located just 170 meters north of the junction of King Abdulaziz Road with Northern Ring Branch Road in Al Ghadeer District in Riyadh. More specifically, it is situated just across from Tala Mall and it is bounded by King Abdulaziz Road from the east, by Tanmar Road from north, by Wadi Rikham Road from west and Tanduf Road from the south. The King Abdullah Financial District (KAFD) is just 2 km to the west and the King Khalid International Airport lies 20 km north of the property. Description The property comprises a high-end mixed-use commercial retail strip (showrooms, shops, office units and restaurants) accommodating three buildings – A, B and C – that are designed in a U shape.