Unless otherwise stated, all definitions and terms used in this announcement shall have the same meanings as defined in the circular to the unitholders of Al-`Aqar dated 10 June 2025 in relation to the Proposed Acquisitions.

We refer to the announcement dated 27 March 2025 and the circular the the unitholders of Al-`Aqar dated 10 June 2025 in relation to the Proposed Acquisitions.

On behalf of the Board, KAF IB wishes to announce that the conditions precedents with respect to the Proposed Acquisitions have been fulfilled on 8 July 2025 in accordance with the terms and conditions contained in the Sale and Purchase Agreements. Accordingly, the Sale and Purchase Agreements have become unconditional.

This announcement is dated 8 July 2025.