vvvvvv Private & Confidential Private & Confidential Saudi Fransi Capital, Riyadh, KSA – June 2019 Valuation Report AL RASHID MALL - ABHA AL MOZVIN DISTRICT, ABHA, KSA Saudi Fransi Capital Muhammad Raza Rawjani, CFA Vice President Product Development | Asset Management Division Direct Line +966 (11) 282 6625 E-mail.
[email protected] REPORT ISSUE DATE – 09 JULY 2019 ValuStrat Consulting th 703 Palace Towers 6 floor, South tower 111, Jameel square Dubai Silicon Oasis Al Faisaliah Complex Tahlia Road Dubai Riyadh Jeddah United Arab Emirates Saudi Arabia Saudi Arabia Tel.: +971 4 326 2233 Tel.: +966 11 2935127 Tel.: +966 12 2831455 Fax: +971 4 326 2223 Fax: +966 11 2933683 Fax: +966 12 2831530 www.valustrat.com 2 Valuation Report – Al Rashid Mall, Abha, KSA Private & Confidential Saudi Fransi Capital, Riyadh, KSA – June 2019 TABLE OF CONTENTS 1 Executive Summary 4 1.1 THE CLIENT 4 1.2 THE PURPOSE OF VALUATION 4 1.3 INTEREST TO BE VALUED 4 1.4 VALUATION APPROACH 4 1.5 DATE OF VALUATION 5 1.6 OPINION OF VALUE 5 1.7 SALIENT POINTS (General Comments) 5 2 Valuation Report 7 2.1 INTRODUCTION 7 2.2 VALUATION INSTRUCTIONS/INTEREST TO BE VALUED 6 2.3 PURPOSE OF VALUATION 7 2.4 VALUATION REPORTING COMPLIANCE 7 2.5 BASIS OF VALUATION 8 2.6 EXTENT OF INVESTI[GATION 10 2.7 SOURCES OF INFORMATION 11 2.8 PRIVACY/LIMITATION ON DISCLOSURE OF VALUATION 12 2.9 DETAILS AND GENERAL DESCRIPTION 12 2.10 ENVIRONMENT MATTERS 14 2.11 TENURE/TITLE 16 2.12 VALUATION METHODOLOGY & RATIONALE 17 2.13 VALUATION 21 2.14 MARKET CONDITIONS SNAPSHOT 21 2.15 VALUATION