Valuation Report

THE SUMMARY AND APPRAISAL SHOULD NOT BE CONSIDERED OTHER THAN AS PART OF THE ENTIRE REPORT. The management summary and rating may only be considered part of the entire report. In the event that parts of the property and the site boundary prove to be incorrect, our assessment of the market value may be materially affected and we reserve the right to amend our valuation and report.

This executive summary and assessment should not be considered other than as part of the entire report. We ('ValuStrat', meaning our respective legal entities) will be pleased to undertake this task for Osool & Bakheet Investment Company & Al Ma'athar REIT ('the client') for the provision of valuation services for the properties referred to in this report subject to the valuation assumptions, reporting conditions and limitations as stated below. The valuation of the subject property, and for the aforesaid purpose, is undertaken on the basis of the market value assessment in accordance with the aforesaid Valuation Standards promulgated by the IVSC and approved by the RICS.

Is the price in a transaction that meets all elements of the definition of market value on the valuation date; Prudence is assessed by reference to the state of the market at the valuation date, not by looking back at some later date.

VALUATION ASSUMPTIONS / SPECIAL ASSUMPTIONS

PRIVACY/LIMITATION ON DISCLOSURE OF VALUATION

DETAILS AND GENERAL DESCRIPTION

LOCATION OF THE PROPERTIES

The subject property consists of a double storey building with 3 tenants yielding a rental income of SAR 3,969,540 per annum as provided by the client. The relevant building yields a rental income of SAR 8,206,300 per annum from 2 tenants as provided by the client. The subject consists of showrooms with 4 tenants producing a rental income of SAR 1,117,000 per annum on a leasehold interest.

The subject consists of a rental interest which yields a rental income of SAR 640,000 per annum as provided by the client. The subject consists of low-density development yielding a rental income of SAR 570,000 per annum as provided by the client based on a leasehold interest. The subject consists of an 8-storey office tower occupied by a single tenant producing a rental income of SAR 4,670,000 per annum.

The subject is occupied by a single tenant producing a rental income of SAR 4,312,666 per annum as stated by the client. The subject is over 25 years old and produces a rental income of SAR 5,523,550 per annum as stated by the client.

TOWN PLANNING

In undertaking our work, we have been instructed to assume that no contaminating or potentially contaminating use has ever been carried out on the property. We have not carried out any investigation of past or present use, either of the property or of any neighboring land, to determine whether there is any contamination or potential for contamination of the subject property from the use or premises and therefore have assumed that there is no one does not exist. . Area Based on the document provided by the client, the land areas of the subject properties above are referred to by section 2.11.2 (below).

ValuStrat's verbal inquiries with local authorities were unable to confirm whether flooding is a point of concern on the subject property. For purposes of this assessment, ValuStrat has assumed that the subject property is not prone to flooding. A formal written submission will be required for any further investigation that is outside the scope of this report.

ValuStrat's verbal inquiries with local authorities were unable to confirm whether landslides are an issue at the subject property. For the purposes of this assessment, ValuStrat has assumed that the property in question is not located within a landslide-prone area.

SERVICES

TENURE/TITLE

LEGAL SUMMARY

If this is not the case, we reserve the right to change our rating and report. We have seen these documents (Arabic language); however, it was not possible to attach all lease/lease documents to this report due to the sheer size and capacity. We reserve the right to change our rating and report if we discover the above discrepancies.

For the purpose of this we have assumed that a good and marketable title is held free of any encumbrances, mortgages, charges, third party interests, etc. As mentioned above, we are provided with leases of individual tenants/occupiers' documentation in respect of the occupational interests within the relevant property(s). We have assumed that all tenants are in a position to renew their upcoming renewal process, given the weak demand currently in sector markets in KSA.

For the purposes of this valuation, we have expressly assumed that the rental schedule provided is accurate and actual. Should any onerous conditions exist, we reserve the right to change our assessment and report.

METHODOLOGY & APPROACH

INCOME CAPITALIZATION APPROACH (FREEHOLD INTEREST)
DISCOUNTED CASH FLOW (LEASEHOLD INTEREST)
OPERATIONAL COST, YIELDS AND DISCOUNT RATES In this instance, we have adopted the following rates
VALUATION COMMENTARY
SUMMARY OF MARKET VALUE
OVERALL SUMMARY OF PORTFOLIO

8 Commercial Office & Showroom 12.5 years unexpired At the end of the above period for each property, the cash flow horizon, we have determined the net present value (NPV) of the cash flow, derived from the expected sustainable net operating result. In forming our opinion on the Market Rent for the subject properties referred to in this report, we have looked at the following market rent rates for similar properties in the vicinity of the subject properties. For the purposes of this assessment exercise, we have determined the lease information provided by the customer, although we have not physically seen the individual business leases for the individual tenants.

The report is based on the information provided by the client and we have assumed that the information provided to us is substantially true, accurate and complete. We have concluded that, within the limits of our investigations, the information proved by the client is within reasonable expectations of typical property at the subject property location(s) referred to in this report. The subject property referred to in this report is subject to individual compliance requirements based on CSA regulations and we have assumed that it complies with current government legislation and all other local municipality registration requirements.

In arriving at our opinion of value, we have assumed that the subject property referred to in this report will be professionally operated in perpetuity. We have also assumed that the trading position, financial and market conditions will not vary significantly during the stated period of the REIT fund.

VALUATION

MARKET VALUE

The general consensus predicts a breakthrough improvement in the Saudi economy in the coming period, supported by both the oil and non-oil sectors. Therefore, it has to rely on oil revenues in the short term, and this reliance is channeled into public spending. The government is also pushing for women to play a bigger role in the economy, including the recent driving licence.

As mentioned earlier, KAS experienced positive growth from the increase in oil prices in the first quarter of 2018; therefore, the main driver of the recovery remains oil. This initiative will create stability and growth in the Kingdom's housing sector by injecting liquidity and capital into the market. The real estate sector has played an increasingly important role in the Saudi Arabian economy.

The outlook remains optimistic in the long term due to KSA's various initiatives aimed at stimulating the real estate market while encouraging the private sector to play a key role in the transformation. In short, market volatility remains at present and prices are likely to witness further deterioration in the short term.

PRINCIPAL GAINS AND RISKS ANALYSIS (PORTFOLIO OF ASSETS)

VALUATION UNCERTAINTY

We further state that in view of the valuation uncertainty stated above, our valuation represents our unbiased calculated opinion/judgment of the properties based on relevant market data and perceptions as at the date of valuation. The client is advised that while all reasonable steps have been taken to ensure that the estimate is as accurate as possible on the valuation date, this figure must be considered in the context of the volatility of today's market. We also recommend the client to consider the advantages in such a market, more frequent appraisals to monitor the value of the subject property.

DISCLAIMER

CONCLUSION

PHOTOGRAPHS

ةرادإ ﺲﻠﺠﻣ ةدﺎﺴﻟا

قوﺪﻨﺼﻟا

ـــــﻤﺮﻜﻟا ﻢﻜﺘـــــﺒﻏر ـــــ ﻋ ءﺎــــﻨﺑ ﺔـــــﻤﻴﻘﻟا ﺪـــــﻳﺪﺤﺗ نﺄـــــﺷ ـــــ ﻢـــــﻜﻟ ﺔرﺎـــــﺸ ﺳﻻا ﺎﻨﺗﺎﻣﺪــــﺧ ضﺮـــــﻋ ﻢﻳﺪـــــﻘﺘﺑ ًﺎﻘﺑﺎـــــﺳ ﺔ

لﺎـــر

34;) يدﻮﻌـــﺳنﻮـــﺛﻼﺛو ﺔﻌـــﺴ و ﺔﺋﺎﻤﺘـــﺳو ًﺎـــﻔﻟأ نﻮـــﺛﻼﺛو ﺔﻌـــﺴ و ﺔـــﺋﺎﻤﻌرأو ًﺎـــﻧﻮﻴﻠﻣ نﻮﻌﺒـــﺳو ﺔﻌـــﺴ و ﺔﺋﺎﻤـــﺴﻤﺧ

ﻻﺎـــر

ﺎﻳدﻮﻌﺳ("

ﺦرﺎﺘﺑ ﻚﻟذو ﻞﺧﺪﻟا ﺔﻘﺮﻄﺑ ﻢﻴﻴﻘﺘﻟا ﻋ ءﺎﻨﺑ ﻚﻟذو30

ا قوﺪﻨﺻ تارﺎﻘﻋ ﺪﺋاﻮﻔﻟ ﺔﻴﻗﻮﺴﻟا ﺔﻤﻴﻘﻟا ﻢﻴﻴﻘﺘﻟا ﻞﺜﻤﺘﻳ

تارﺎﻘﻌﻟا") ﺖر رﺬﻌﳌ (”

ﺔﻴﻟﺎﺧ ﺔﻘﻠﻄﳌا

ﻦﺮﺧآ فاﺮﻃﻷ ﺪﺋاﻮﻓ وأ نﻮﻳد يأ ﻦﻣا حﻮﺿﻮﺑ ﻩﻮﻨﻧو ،

نأ ن ﻤﻴﻘﻤﻠﻟ ﺔﻳدﻮﻌﺴﻟا ﺔﺌﻴ ﻟا ن ﻣﺮﻜﳌا ةدﺎﺴﻟا

ﺎﮫﺣﺎﺼﻓﻹ

ﺎﻨﻧﺈﻓﺮﻈﻨﻟا ﻦﻣ ﺔﺌﻴ ﻟا ﮫﻴﻟا ﺖﻋد ﺎﻤﺑ ﺎﻨﻣ ﻟا ﺪﻗ

34;) ﻦﻜﻤﻳ ﻼﻓ ﺪﻳﺎﺤﻣ سﺎﺳأ ﻋ ﺖﺴ ﻟ ﺎﺘﻟﺎ و ﺔﻗﻼﻋ تاذ فاﺮﻃأ ن ﺑ

ﺪﻳ ﻟا ﻦﻤﺿ ﻦﻳﺪﻤﺘﻌﳌا ن ﻤﻴﻘﻤﻠﻟ ﺔﻳدﻮﻌﺴﻟا ﺔﺌﻴ ﻟا ن ﻣﺮﻜﳌا ةدﺎﺴﻟا ﻖﻴﻠﻌ ﻦﻣ ﻖﺑﺎﺴﻟا ﺺﻨﻟا

ﺦرﺎﺘﺑ ﻢﻴﻘﳌا ا دراﻮﻟا ﻲ و ﻜﻟﻹا18

102 لﺎﻴﺣ

لﺎﺜﺘﻣﻻا لﺎﻤﻋأو ﻳﺎﻌﻤﻠﻟ

ءﺎﺼﻘﺘﺳﻻاو ﺚﺤﺒﻟا ("

و ﻢﻗر ةﺮﻘﻔﻠﻟ ًﺎﻀﻳا ﻚﻟﺬﻛ

ﻢﻗر رﺎﻴﻌﳌا ﻦﻣ104

34;)ﺔﻤﻴﻘﻟا ﺲﺳأ

ﻳﺎﻌﻣ ﺲﺳأ

ﺔﻤﻴﻘﻠﻟ ﺔﱠﻴِﻟْو ﱠﺪﻟا ﻢﻴﻴﻘﺘﻟا-

ﻮﺴﻟا رﺎﺠﻳﻹا ("

ﻚﻟﺬﻛو

34;) رﺎﻴﻌﳌا

ةﺮﻘﻔﻟا180

ﻦﻳﺪﻤﺘﻌﳌا

ﺔﺌﻴ ﻟا ءﺎﻀﻋأ ن ﻤﻴﻘﻤﻠﻟ ﺖﺮﻟا ﻖﻳدﺎﻨﺻ ﻢﻴﻴﻘﺗ ﺔ اﻮﻟا ﺎ ﺎ ﺟﻮﺗ ﻦﻤﺿ

ﺔﻤﻴﻘﻟا ﺺ ﻣ

رﺎﻘﻌﻟا ﻢﺳا

ﺔﻌﻔﻨﳌا

ﺔﻔﻠ ﺘﻟا ﺔﻤﻴﻗ

رﺬﻌﳌا-

ﺼﺨﺘﻟا

ﻊﻴﺮﻟا–

ﺔﻓﺎ ﻟا-

310105051292 لوﻷا ﺔﻓﺎ ﻟا ﺒﻣ

910105051293ﻲ ﺎﺜﻟا ﺔﻓﺎ ﻟا ﺒﻣ

ﻊﻴﺮﻟا -

ﻊﺮﳌا-

سﺪﻘﻟا-

ﻊ ﺎﺼﳌا -

ﺴﻟا-

ﺎﻤﺟﻻا

ةدراﻮﻟا و ﺮرﺎﻘﺘﻟا و تﺎﻤﻴﻴﻘﺘﻟا داﺪﻋا ةﺪﻤﺘﻌﳌا ﺔﻣﺎﻌﻟا ﺎﻨﺋدﺎﺒﻣ ﻊﻣ نا ﻗﻻﺎﺑ ﺮﺮﻘﺘﻟا اﺬ أﺮﻘﻳ

ﻖ ﳌاﺼﻧ ﺎﻣ تادﺎﺷرإ ﻊﻣ ﻖﻓاﻮﺘﻟﺎﺑ نﻮﻜﻳ لﻮﺻﻷا ﻩﺬ ﻟ ﻢﻴﻴﻘﺘﻟا نإ،أ

ﺖ ﺔﻴﻟوﺪﻟا ﻢﻴﻴﻘﺘﻟا ﻳﺎﻌﻣ ﮫﻴﻠﻋ

International Valuation Standards

ﺔﻴﻟوﺪﻟا ﻢﻴﻴﻘﺘﻟا ﻳﺎﻌﳌ مﺎﻌﻟا رﺎﻃﻹا

وﺔﻣﺎﻌﻟا ﻳﺎﻌﳌا

لﻮﺻﻷا ﻳﺎﻌﻣ

رﺎﺒﺘﻋﻻا ﺬﺧﻻا ﻊﻣ ﺎ ﻠﻋ فرﺎﻌﺘﳌا ﻒرﺎﻌﺘﻟا و ئدﺎﺒﳌا و ﻢﻴ ﺎﻔﳌا و ﻞﻤﻌﻟا رﺎﻃإ ًﺎﻀﻳأ و

34; ﻳﺎﻌﳌا " ) ﻢﻴﻴﻘﺘﻟا تﺎﻘﻴﺒﻄﺗ

ءﺎﻄﻏ ﺖﺤﺗ لﺎﻤﻋﻻا ﻊﻴﻤﺟ ﻢﺘﺗ

ﻢﻗر يرازﻮﻟا راﺮﻘﻟﺎﺑ ةردﺎﺼﻟا ﺔﻳﺬﻴﻔﻨﺘﻟا ﺔﺤﺋﻼﻟا ﺦرﺎﺗو531

1435 ﺮﺸﻋ ﺔﺳدﺎﺴﻟا / ﺲﻣﺎ ا ﻞﺼﻔﻟا ةدراﻮﻟا ﻩداﻮﻤﺑ ـ

ﺮﺸﻋ ﺔﻌ ﺎﺴﻟا–

ﺮﺸﻋ ﺔﻨﻣﺎﺜﻟا–

نوﺮﺸﻌﻟا

رو ﺎﻣ ﻊﻴﻤﺟ ﻊﻣ ﻞﻣﺎ ﻟا و مﺎﺘﻟا ﻖﻓاﻮﺘﻟﺎﺑ ﺎﻀﻳأولوﻷا راﺪﺻﻹا ) ﻢﻴﻴﻘﺘﻟا ﺔﻨ ﻣ كﻮﻠﺳ و بادآ قﺎﺜﻴﻣ د

ﺔﺌﻴ ﻟا ﻞﺒﻗ ﻦﻣ ﺺﺤﻔﻠﻟ ﻢﻴﻴﻘﺘﻟا اﺬ ﻊﻀﺨﻳ نا ﺔﻴﻟﺎﻤﺘﺣا ا ﺔﻟدﻷا ﮫﻴﻠﻋ

نﺎـــ اذا ، ﻲـــ لﺎـــﺼﺗﻻا ـــ دد ـــ ﻟا مﺪـــﻋ ﻢﻛﻮـــﺟرا و ﻢﻜﺗﺎـــﺒﻠﻄﺘﻣ ـــ ﻠﺗ ﺔﻴﻗﻮـــﺴﻟا ﺔـــﻤﻴﻘﻟا تﺎـــﻘﻴﻠﻌ و ﺮـــﺮﻘﺘﻟا نا ـــ ﻖـــﺛأ

ﻲ ﺎﻴﺤﺗ

ﻦﻳﺪﻤﺘﻌﳌا ن ﻤﻴﻘﻤﻠﻟ ﺔﻳدﻮﻌﺴﻟا ﺔﺌﻴ ﻟا ﺎﺳأ ﻮﻀﻋ

يرﺎﻘﻌﻟا ﻢﻴﻴﻘﺘﻟا عﺮﻓ–

ﺲ ﺋﺮﻟايﺬﻴﻔﻨﺘﻟا

ﺎ ﻋ ﺔﺑﺎﻴﻨﻟﺎ و ﺔﻴﻨﻣﺎﻀﺗ ﺔﻛﺮﺷ ﺔﻳدﻮﻌﺴﻟا ﺔﻴﺮﻌﻟا ﺔﻜﻠﻤﳌا / ﺐرأ ﺔﻛﺮﺷ ﺎﺼﻟ

ﻖﻓﺮﻣﺮﺮﻘﺘﻟا

ﻞﻴﻤﻌﻟا

ﺖر رﺬﻌﳌا قوﺪﻨﺻ

ﻢَﻴﻘﳌا ﻊﺿو

ﻦﻣ فﺪ ﻟا ﺬﻴﻔﻨﺘﻟ ﺎﻴﺟرﺎﺧ ﺎ ًﻤَﻴﻘﻣ ﺎﻨﺘﻔﺼﺑ ﻞﻤﻌ ﻦﺤﻧﻳﺎﻌﻣ ﺐﺴﺣ رﺎ ا ﻢَﻴﻘﳌا دﺪﺤ و .تﺎﻤﻴﻠﻌﺘﻟا ﻩﺬ

ﺔﺌﻴ

ﻦﻳﺪﻤﺘﻌﳌا ن ﻤﻴﻘﳌا

ﻢﻴﻴﻘﺗ

ﻳ ﺎﻤﻛ

ة ﺤﺘﻣ ﻏو ﺔﻴﻋﻮﺿﻮﻣو ﺔﺼﺘﺨﻣ ﺔﻘﺮﻄﺑ ﻢﻴﻴﻘﺘﻟا

بﺎﺘﻛ

ﻞﺻﻷا ﻊﻣ ﻞﺧاﺪﺗ وأ ،ﺔﻳدﺎﻣ ﺔﻗﻼﻋ يأ ﺎﻨﻟ ﺲ ﻟ

ﻨﻟ ﺢﻤﺴ ﻻ ﻊﺿوﺤﺘﻣ ﻏو ﻮﺿﻮﻣ ﻢﻴﻴﻘﺗ ﺮﺮﻘﺗ داﺪﻋﺈﺑ ﺎ

ﻦﺮﺧﻷا ن ﻣﺪﺨﺘﺴﳌا

ﺔﻴﻋﻮﺿﻮﳌا

34;.ة ﺤﺘﻣ تﺎﺟﺎﺘ ﺘﺳا وأ ءارآ وأ ﻞﻴﻟﺎﺤﺗ

ﺔﻴﻟﺎﻋ ﺔﻴﻨ ﻣو ﺔﻴﻋﻮﺿﻮﻤﺑ ﻞﻤﻌﻟا ﻦﻣ

ةءﺎﻔﻜﻟاو صﺎﺼﺘﺧﻻا

مﻮﻘﻳ نأ

يﺬﻟا قﻮﺴﻟاو ،ﻢﻴﻴﻘﺘﻟا ﻞﺤﻣ ﻞﺻﻷﺎﺑ ﺔﻣزﻼﻟا ﺔﻓﺮﻌﳌاو ة او ﺔﻴﻨﻔﻟا تارﺎ ﳌا ﺎ ﺪﻟ ﺮﻓﻮﺘﺗ ةﺄﺸ ﻣ وأ دﺮﻓ تﺎﻤﻴﻴﻘﺘﻟﺎﺑ .ﻢﻴﻴﻘﺘﻟا ﻦﻣ ضﺮﻐﻟاو ،ﮫﻴﻓ لواﺪﺘﻳ

ﺐرأ ﻖﺮﻓ

ﺔﻴﻨﻔﻟا تﻞﺻﻷﺎﺑ ﺔﻣزﻼﻟا ﺔﻓﺮﻌﳌاو ة او

ﻞﺤﻣ لﻮﺻﻷا

ﻢﻴﻴﻘﺘﻟا ﻦﻣ ضﺮﻐﻟاو ،ﮫﻴﻓ لواﺪﺘﻳ يﺬﻟا قﻮﺴﻟاو ،ﻢﻴﻴﻘﺘﻟا

ﺔﺒﺟاﻮﻟا ﺔﻴﻨ ﳌا ﺔﻳﺎﻨﻌﻟا لﺬﺑﺖﻟﺬﺑ ﺪﻘﻟ

ﻢ ﻟإ ﺔﻠ ﻮﳌا

لﻼﺧ ﻦﻣ ﻚﻟذو

ﻢﻴﻴﻘﺘﻟا ﻦﻣ فﺪ ﻟا

ﺖر رﺬﻌﳌا قوﺪﻨﺼﻟ ﺔﻴﻟﺎﳌا ﻢﺋاﻮﻘﻟا ﺚﻳﺪﺤﺗ

ﻢﻴﻴﻘﺘﻟا ﺔﻠﻤﻋ

يدﻮﻌﺴﻟا لﺎﺮﻟا

ﻢﻴﻴﻘﺘﻟا ﻞﺤﻣ لﻮﺻﻷا

ةرﺪﻣ تارﺎﻘﻋ ﺔﻋﻮﻤﺠﻣ ﺎ دﺪﻋ ،ﻞﺧﺪﻠﻟ

12ﻊﻘﺗو ًارﺎﻘﻋ

ﻞﻣﺎ ﻟﺎﺑ

ﺔﻴﻟﻮﺌﺴﳌا

ﻣاﺪﺨﺘﺳا عﺮﺸﳌا ﺔﻴﻟوﺪﻟا ﻳﺎﻌﳌا رﻮ ﺬﳌا ﻰ دﻷا ﺪ ﺎﺑ ﺔﻄﺒﻀﻨﻣو ةدوﺪﺤﻣ ﺔﻴﻧﻮﻧﺎﻘﻟا ﺔﻳدﻮﻌﺴﻟا ﺔﺌﻴ ﻟا ﻞﺒﻗ ﻦﻣ ﺎ

ﻦﻳﺪﻤﺘﻌﳌا ن ﻤﻴﻘﻤﻠﻟ

ﻢﻴﻴﻘﺘﻟا ﺔﻴﺣﻼﺻ

نﻮﺘﺳ ( ًﺎﻣﻮﻳ

ﻢﻴﻴﻘﺘﻟا ﻳﺎﻌﻣ

ﺔﻴﻧﺎﺜﻟا2017

ﺲﻠ ا ﻦﻋ ةردﺎﺼﻟا ﺔﻘﻠﻌﺘﳌا ﻳﺎﻌﳌا

ﻢﻴﻴﻘﺘﻟا سﺎﺳأ

ﺔﻤﻴﻘﻟا سﺎﺳأ

رﺎﻴﻌﳌا ﻋ ءﺎﻨﺑ104

يأ رﺪﺼﻣ ﺮﻛذ ﺐﺠﻳ

فاﺮﻃﻷ تازﺎﻴﺘﻣا وأ نﻮﻳد يأ ﻦﻣ ﺔﻴﻟﺎﺧ رﺎﻘﻌﻠﻟ ﺔﻘﻠﻄﳌا ةﺮ ا ﺔﻴﻜﻠﳌا ﺪﺋاﻮﻔﻟ ﺔﻴﻗﻮﺴﻟا ﺔﻤﻴﻘﻟا ﻢﻴﻴﻘﺘﻟا ﻞﺜﻤﺘﻳ .ﻦﺮﺧآ

ﻢﻴﻘﳌا ﺚﺤﺑ قﺎﻄﻧ :ﻢﻴﻴﻘﺘﻟا ﺦرﺎﺗ

مﻮﻳ ﻢﻴﻴﻘﺘﻟا ىﺮﺟ ُ أ

ﺔﻨﻳﺎﻌﳌا

ﻦﻳﺎﻋﻞﻤﻋ ﻖﺮﻓ

34;) تارﺎﻘﻌﻟا/رﺎﻘﻌﻟا “)

ﺔﻴﻨﻌﳌا ﺔﺣﺎﺴ

34;)رﺎﻘﻌﻟا

تﺎﺳﺎﻴﻘﻟا

تارﺎﻘﻌﻟا/رﺎﻘﻌﻟا )“

ﺎ ﻠﻋ ًءﺎﻨﺑ

تﺎﻣﻮﻠﻌﳌا رﺪﺼﻣو ﺔﻌﻴﺒﻃ

ﻨﻤﻴﻴﻘﺗ ﻋ ﺮﺛﺆﺗ ﺪﻗ ﻟا ﺎﻨﻟ ﺔﻣﺪﻘﳌا تﺎﻣﻮﻠﻌﳌا لﺎﻔﻏإ وأ ،ﻒﺮﺤﺗ وأ ،ﺢﻴ ﻏ نﺎﻴﺑ يأ تﺎﺒﺛا ﻢﺗ اذإ .رﺮﻘﳌا ﺎ

ﻚﻟﺬﻟ ًﺎﻘﻓو ﺎﻨﻤﻴﻴﻘﺗ ﻞﻳﺪﻌ و ﺔﻣﺪﻘﳌا ﺎﻨﻤﻗ

ﺔﻤﻴﻘﻟا و ﺔﻔﻠ ﺘﻟاو ﺮﻌﺴﻟا و

ﻦرﻮﻄﳌاو ،ءﻼﻛﻮﻟاو ،ةﺮﺳﺎﻤﺴﻟا ﺎ ﻓ ﺎﻤﺑ ردﺎﺼﳌا ﻦﻣ ﺪﻳﺪﻌﻟا ماﺪﺨﺘﺳﺎﺑ تﺎﻌﻴﺒﳌاو ﻖﻳدﺎﻨﺼﻟاو فرﺎﺼﳌا و

ﺔﻠﺛﺎﻤﳌا ﻦﻋ ًﻼﻀﻓ ،ﺔﻴﻣﻮ ا ردﺎﺼﳌاو ،

ﺚﺤﺒﻟا لﺎﻤﻋأ ﻞعﻼﻄﺘﺳﻻاو

ﺔﻤﻴﻘﻟا سﺎﺳأو ﻢﻴﻴﻘﺘﻟا

ﻚﺼﻟا

ﻴﻧﻮﻧﺎﻘﻟا تﺎﻣا ﻟﻻا ﻦﻣ عاﻮﻧ يأ يوأ تﺎﻧﻮ ﺮﻟﺎﺑ ﺪﻴﻘﻣ ﻏ ﺮﺣ ﻚﺼﻟا نأ ض ﻔﻧ ﻦﺤﻧ ،ﻲ ﻮﻧﺎﻗ يأ ﻞﻤﺤﺘﻧ ﻻ .ﺔ

ﻲ ﺎﺒﳌا ﺔﻟﺎﺣ

ﺪﻛﺆﻧ ﺔﻴﺋﺎﻀﻔﻟا تارﻮﺼﳌاو رﻮﺼﻟا

ﺎﻨﻧأ ﻋ

ا ﻲﻣﻮ ا ﻢﻴﻈﻨﺘﻟا

ﻚﻟذ

تﺎﻣﺪ ا

نأ ﺎﻨﺿ ﻓا ﺪﻘﻟ تارﺎﻘﻌﻟا/رﺎﻘﻌﻟا “)

ﻞﺼﺤﻳ ﺔﺳارﺪﻟا ﻞﺤﻣ (”

ﻞﺼﺤﺗ

ﻴﻤﺟ نأو .ﺔﻴﻨﻃﻮﻟا تﺎﻣﺪ ا ﺔﻜﺒﺷ إ ﻊﻓﺎﻨﳌا تﻼﻴﺻﻮﺗ ﻦﻤﻀﺘﺗو

ﺔﺣﺮﺼﳌا تﺎﻣاﺪﺨﺘﺳﻻا) ﻂﻴﻄﺨﺘﻟا

ﺒﻟا ﺔﺼﺧر ﻋ ﺎﻨﻋﻼﻃا ﺮﺼﺤﻧا

ﺔﺼﺘ ا ﺔﻳﺪﻠﺒﻟا ﻦﻣ ةردﺎﺼﻟا ءﺎﻨ

ﻂﻴﻄﺨﺘﻟا

وﺔﺣﺮﺼﳌا تﺎﻣاﺪﺨﺘﺳﻻا

ةﺮﻄ ا داﻮﳌاو ثﻮﻠﺘﻟا

ﻣ وأ ﺔﻌﻴﺒﻃ نﺄﺸ ةرﻮﺸﳌا ﻢﻳﺪﻘﺘﻟ ن ﻠ ﺆﻣ ﺎﻨﺴﻟ ﺮﻃﺎﺨ

تارﺎﻘﻌﻟا/رﺎﻘﻌﻟا “)(”

ﻋ ﺎﻣإ ةزرﺎﺒﻟا ﺔﻠﺻﺄﺘﳌا ﺔﻴ ﻴﺒﻟا ﻞﻣاﻮﻌﻟﺎﺑ تﺎ ﻠﺘﻤﳌا ﺾﻌ ﺮﺛﺄﺘﺗ تارﺎﻘﻌﻟا/رﺎﻘﻌﻟا “)

ﺔﻘﻄﻨﳌا وأ ،ﻢﻴﻴﻘﺘﻟا ن ﻋ

ﮫﺑ ﺔﻄﻴ ا/

ﺪﻗ وأ ،ﺔﺛﻮﻠﻣنأ ﻋ ًءﺎﻨﺑ ﺎﻨﺗﺎﻤﻴﻴﻘﺗ ىﺮﺠﺘﺳ ،ﺲﻜﻌﻟﺎﺑ ةدﺎﻓﻹا ﻢﺘﻳ ﻢﻟ ﺎﻣ ، ﺎﺘﻟﺎ و .ﻚﻟﺬﻛ ﺖﻧﺎ

رﺎﻘﻌﻟا تارﺎﻘﻌﻟا

ﻣ ﻏﻣ/ﺮﺛﺄﺘ

ﺔﺛﻮﻠﻣ نﻮ ﺗ نأ ﻞﻤﺘ ا ﻦﻣ ضرﻷا نأ رﻮﺼﺗ إ ﻢﻴﻴﻘﺘﻟا داﺪﻋإ ءﺎﻨﺛأ.ﻢﻜﻌﻣ ﺎﻨﻘﻠﻗ ﮫﺟوأ ﺶﻗﺎﻨ ﺳ ،

ﺔﻣاﺪﺘﺳﻻا ﻋ ﺮﺛﺆﺗ نأ ﻦﻜﻤﻳ ﻟا ﺔﻳدﺎﺼﺘﻗﻻاو ﺔﻴ ﻴﺒﻟاو ﺔﻴﻋﺎﻤﺘﺟﻻاو ﺔﻳدﺎﳌا ﻞﻣاﻮﻌﻟا ﻦﻣ ﺔﻌﺳاو ﺔﻔﺋﺎﻃ

و ،ﻢﻴﻴﻘﺘﻟا ن ﻋ

ﺔﻴﻠﺒﻘﺘﺴﳌا وأ ﺔﻴﻟﺎ ا ﺔﻠﺣﺮﳌا نﺎ ﺴﻠﻟ ﺔﺒﺴ ﻟﺎﺑ ةﺪﻴﺟ تﺎﻣﺪﺧو صﺮﻔﻟا ﺆﻓﺎ ﺗ ﺮﻓﻮﺗو ةﺪﻴﺟ ةرﻮﺼﺑ ﺔﻠﻐﺸﻣو ﺔﻴ ﺒﻣو ﺔﻄﻄﺨﻣو ،ﺔﻠﻣﺎﺷو ﺔﻨﻣآ تﺎﻌﻤﺘ ا ﻚﻠﺗ نإ

تﺎﻧﻮ ﳌا

ﻊﺳاو قﺎﻄﻧ ﻋ ةﺮﻓﻮﺘﻣو ﺔﺒﺳﺎﻨﻣ ﺖﻧ ﻧاو تﻻﺎﺼﺗا تﺎﻣﺪﺧ

ﻟا تﻻﺎﺼﺗﻻا تﺎ ﺒﺷ إ لﻮﺻﻮﻟا ﺔﻟﻮ ﺳ

ﻋ ﻚﻟذ ﺲﻜﻌ و ﺔﻣاﺪﺘﺳﻻﺎﺑ ﺔﻄﺒﺗﺮﳌا ﺺﺋﺎﺼ ﺎﺑ ن ﻤﻠﻣ ﻏ ﺎﻨﻠﻌﺠﻳ ﺎﻤﻣ ،صﺎﺼﺘﺧﻻاو ﺔﻗﻼﻌﻟانوزﻮﳌا

ﺔﻤﻴﻘﻟا

ﻻ ﻦﺤﻧ

ﻓﻻ ةروﺮﺿ ﻻ ﮫﻧﺈﻓ ،ىﺮﺧأ ةرﺎﺒﻌ و ،ﺔﺻﺎ ا فوﺮﻈﻠﻟ ﺎﺻو ﻗاوو ةدﻮﺟﻮﳌا ﻚﻠﺗ ﻦﻋ ﻒﻠﺘﺨﺗ ﻖﺋﺎﻘﺣ ضا

ﻢﻴﻴﻘﺘﻟا ﺦرﺎﺗ

ﺔﺻﺎﺧ تﺎﻃا ﺷا ﻊﺿو تارﺎﺒﺘﻋا ﻖﻴﻗﺪﺗ ﻋ دﺪﺸ ﻦﺤﻧو ﺔﺻﺎﺧ تﺎﺿا ﻓا ﺺﻴﺼﺨﺗ ﻢﺘﻳ نﻷ تﺎﻧﺎﻤﺿ ﻦﻤﺿ

ثﺪﺤﺗ ﻢﻟ تا ﻴﻐﺘﻟا ﻚﻠﺗ 4

ﮫﻨﻣ ﻖﻘﺤﻳ ﺎﻣ ﻐ/

ﺎ ﻣﻈﻌﻟا ﺔﻌﻔﻨﳌا

تاءﺎﻨ ﺘﺳﻻا

ﺎ ﻠﻋ صﻮﺼﻨﻣ تاءﺎﻨ ﺘﺳا ﺪﺟﻮﺗ ﻻ ﻖﻠﻌﺘﻳ ﺎﻤﻴﻓ ﻦﻳﺪﻤﺘﻌﳌا ن ﻤﻴﻘﻤﻠﻟ ﺔﻳدﻮﻌﺴﻟا ﺔﺌﻴ ﻟا تﺎﻌﺮﺸ و ن ﻧاﻮﻗ ﺔﺣاﺮﺻ

ﻩداﺪﻋإ ﻢﺘﻳ يﺬﻟا ﺮﺮﻘﺘﻟا عﻮﻧ

ﺷﺆﳌا ﺎﻨﺿﺮﻌﺘﺳا ﻢﺛ ﻲﺰﺟو ﻛ تاﺮ

ﺔﺣﺎﺘﳌا

ﺋﺮﻟا ﺮﺮﻘﺘﻟا نﻮ ﻣ ﻢﺛ ﻦﻣو ﮫﺘﻤﻴﻘﻟو ﻞﺻﻸﻟ ًﺎﻧﺎﻴﺑ وﻷا ﺔﻴﺴ ﺋﺮﻟا ﺔﻟﺎﺳﺮﻟا ﺮ ﻈﺗ ﺚﻴﺣ ،ثﻼﺜﻟا

ﺔﻳدﻮﻌﺴﻟا ﺔﻴﻟﺎﳌا قﻮﺴﻟا ﺔﺌﻴ ﻞ نﺈﻓ ﻚﻟذ اﺪﻋ ﺎﻤﻴﻓ

ﺮﺸ ﺑ

ﻔﳌا ضﺮﻐﻟا ﻦﻤﺿ

ﮫﻨﻋ ﮫﻴﺟﻮﺘﻟا اﺬ ﺎﻨﻣا ﻟا نﺈﻓ ،ﺎﻨﻳﺪﻟ تﺎﻤﻴﻠﻌﺘﻠﻟ ًﺎﻘﻓو

ﺮﺧآ ضﺮﻏ يﻷ ﺎﻧﺮﺮﻘﺗو ﺎﻨﺗﺎﻤﻴﻴﻘﺗ ماﺪﺨﺘﺳﻻ وأ فﺮﻃ يأ ﻮﺤﻧ ما ﻟا لﻮﺒﻗ

ﻃو بﻮﻠﺳأ رﺎﻴﺘﺧا فﺪ "

ﻀﻟاو ةﻮﻘﻟا طﺎﻘﻧ (ب.ﺔﻠﻤﺘ ا ﻢﻴﻴﻘﺘﻟا ﺔﻘﺮﻃو بﻮﻠﺳﻷ ﻒﻌ

ﺔﻴﻨﻌﳌا

34;.ﺔﻘﺮﻄﻟا ﻖﻴﺒﻄﺘﻟ ﺔﻣزﻼﻟا ﺔﻗﻮﺛﻮﳌا تﺎﻣﻮﻠﻌﳌا ﺮﻓاﻮﺗ (د

ﻋ ﺮﺮﻘﺘﻟا ﻢﻴﻘﳌا ﻮﻳ نأ

ﻋ ﺎ ﻘﻴﺒﻄﺗو ﺔﻠﺛﺎﻤﻣ تارﺎﻘﻌﻟ ﺔﻘﻘ ا قﻮﺴﻟا رﺎﻌﺳﻷ ﺔﺳارد ﻦﻣ ﺔﻴﻗﻮﺴﻟا ﺔﻤﻴﻘﻟا بﺎﺴﺣ ﻦﻜﻤﻳ ﺎﺘﻟﺎ و ﺳﺎﺑ ﺚﺤﺒﻟا ﻞﺤﻣ رﺎﻘﻌﻟا

ﻟا وأ اًﺮﺧﺆﻣ ﺖﻌﻴﺑ ﻟاو ﺔ ﺎﺸﳌا تارﺎﻘﻌﻟﺎﺑ ﺔﺳارﺪﻟا ﻞﺤﻣ رﺎﻘﻌﻟا ﺔﻧرﺎﻘﻣ ىﺮﺠُﻳ ، ﺜﳌا ﺔﻴﺣﺎﻨﻟا ﻦﻣو ﻢﻟ

ﻔﺘﻟا ﻖﺮﻃ ﻦﻋ ﻢﺗ يﺬﻟا ﻊﻴﺒﻟ ﻊﺒ ﻳ يﺬﻟاو ﮫﻘﻴﻘﺤﺗ ﻊﻗﻮﺘﳌا ﺮﻌﺴﻟا وأ

ماﺪﺨﺘﺳﻻاو ،تﺎﻔﺻاﻮﳌاو ةدﻮ او ،(ﻢﻜﻟا) ﻢ او ﻊﻗﻮﳌا تﺎﻓﻼﺘﺧﻻا ﻞﻴﻠﺤﺘﻟ ﺔﻘﺣﻻ ىﺮﺧأ تﻼﻳﺪﻌ ﻄﻟا ﺔﺣﺎﺴﻣ ﺔﺒﺴ ) ﺔﻓﺎﺜﻜﻟاو ،حﻮﻤﺴﳌا

ﺔﻤ ﻤﻠﻟ دﺪﺤُﺗ 2

ﻖﺘﺸﳌا قﻮﺴﻟا ﻢﺼﺧ ﻨﻟا تﺎﻘﻓﺪﺘﻠﻟ ﺔﻴﻟﺎ ا ﺔﻤﻴﻘﻟا ﺔﻘﺮﻃ

ﻞﺧﺪﻟا ﻖﻓﺪﺗ ﻢﺼﺧ :(ﺔﻣﻮﺼ ا ﺔﻳﺪﻘﻨﻟا تﺎﻘﻓﺪﺘﻟا) ﺔﻳﺪﻘ

تﺎﻘﻓﺪﺘﻟا ﺔﻠﺴﻠﺳ ﻊﻗﻮﺗ مﻮﺼ ا يﺪﻘﻨﻟا ﻖﻓﺪﺘﻟا ﻞﻴﻠﺤﺗ ﻦﻤﻀﺘﻳ .رﺎﻘﻌﻟ ﻊﻗﻮﺘﳌا يﺪﻘﻨﻟا ﻖﻓﺪﺘﻟﺎﺑ رﺎﻘﻌﻟ ﺔﺒﺴ ﻟﺎﺑ ءاﻮﺳ ﺔروﺪﻟا ﺔﻳﺪﻘﻨﻟا

رﺎﻘﻌﻟﺎﺑ ﺔﻄﺒﺗﺮﳌا ﻞﺧﺪﻟا تﺎﻘﻓﺪﺘﻟ ﺔﻴﻟﺎ ا ﺔﻤﻴﻘﻠﻟ 3

إ ﺔﻤﻴﻘﻟا ﺪﻨ ﺴ و .ىﺮﺧﻷا قﺮﻄﻟا ىﺪﺣإ لﻼﺧ

ب ﻖﻠﻌﺘﻳ ﺎﻤﻴﻓ ﻞﻴﻤﻌﻟا ﻦﻣ ﺎﻨﻴﻟإ ﺔﻣﺪﻘﳌا تﺎﻣﻮﻠﻌﳌا ﻋ ﺎﻧﺪﻤﺘﻋا ﺪﻘﻟ تارﺎﻘﻌﻟا/رﺎﻘﻌﻟا )“

تﺎﻣﻮﻠﻌﻣ ﺎ أ ض ﻔﻨﺳو

ﺎﺳأ ﻮﻀﻋ-

تارﺎﻘﻌﻟا عﺮﻓﺮﺑ ﻦﻳﺪﻤﺘﻌﳌا ن ﻤﻴﻘﻤﻠﻟ ﺔﻳدﻮﻌﺴﻟا ﺔﺌﻴ ﻟا

ﺔ ﻮﻀﻋ ﻢﻗ1210000023

ﺔﻘﻄﻨﳌا ﺔرﺎﻘﻌﻟا

ﺆﺗ ﺪﻗو

ﺎ وﺬﺨﺘ

ضرأتﻻﺎﺻ ﺒﻣ ﺎ ﻠﻋ مﺎﻘﻣ

ﺼﺨﺘﻟا ﻖﺮﻃ ﻋ رﺬﻌﳌا ﺑ ضﺎﺮﻟا ﺔﻨﻳﺪﻤﺑ

رﺎﻘﻌﻟا تﺎﻧﺎﻴﺑ ﺺ ﻣ

رﺎﻘﻌﻟا عﻮﻧ ضرأ

ﺔﻴﻜﻠﳌا عﻮﻧ

ﺔﻘﻠﻄﻣ ﺔﻴﻜﻠﻣ

ﻚﺼﻟا ﻢﻗر

ﻚﺼﻟا ﺦرﺎﺗ

لﺪﻌﻟا ﺔﺑﺎﺘﻛ

ضﺎﺮﻟا

ءﺎﻨﺒﻟا ﺔﺼﺧر ﻢﻗر

ءﺎﻨﺒﻟا ﺔﺼﺧر ﺦرﺎﺗ

ﺔﻨﻳﺪﳌا

ﻟا

ﻴﻈﻨﺘﻟا ﻂﻄ ا ﻢﻗر

ﻚﻠﺒﻟا ﻢﻗر

ﺔﻌﻄﻘﻟا ﻢﻗر

ﻞﻤﻌﻟا قﺎﻄﻧ

ضﺮﻌ ﻟا ﺔﻴﻟﺎ ا رﺎﻌﺳﻷا ﻦﻣ ةدﺎﻔﺘﺳﻻا ﺖﻤﺗو رﺎﻘﻌﻟﺎﺑ ﺔﻄﻴ او ﺔﻘﻄﻨﳌﺎﺑ تارﺎﻘﻌﻠﻟ رﺎﻌﺳﻷا ىﻮﺘﺴﻣ ﺔﺳارد ﻢﺗ

ﻋ ءﺎﺼﻘﺘﺳاو ﻲ اﺪﻴﻣ ﻣ ﻞﻤﻋ ﻢﺗو ،تارﺎﻘﻌﻟا ﻩﺬ ﻟ

ﻒﺻو :رﺎﻘﻌﻟا

ﺔرﺎﺠﺗ ضرأ ﻦﻋ ةرﺎﺒﻋ رﺎﻘﻌﻟا

ضرﻸﻟ ﺔﻴﻟﺎﻤﺟإ ﺔﺣﺎﺴﻤﺑ4,248

ﻞﺒﻗ ﻦﻣ

ضرﻷا

ضرﺄ ﻢﺗو ﺖﻠﻤﺘﻛا ﻲ ﺎﺒﳌا

ﻌﻣ ﻞﺎ

ضرﺄﻲ ﺎﺒﳌا ﺔﻤﻴﻗ ﺎ ﻟا ًﺎﻓﺎﻀﻣ

رﺎﻘﻌﻟا تا ﻤﻣ

ﺼﺨﺘﻟا ﻖﺮﻃ ﻋ رﺎﻘﻌﻟا عﻮﻗو

ﺼﺨﺘﻟا ﻖﺮﻃ) ةروﺎﺤﻣ ةﺪﻋ ﻦﻣ رﺎﻘﻌﻟا بﺮﻗ

ﺔﻣﺮﻜﳌا ﺔﻜﻣ ﻖﺮﻃ

دوﺪ اﻚﺼﻟا ﺐﺴﺣ لاﻮﻃﻷاو

لﻮﻄﻟا

ﺎﻮﻨﺟ

تﺎﻈﺣﻼﻣ

رﺎﻘﻌﻟا رﻮﺻ

رﺎﻘﻌﻟا ﻊﻗﻮﳌ ﺔ ﻮﺟ ةرﻮﺻ

نﺎﻄﻠﺳ ﲑﻣٔﻟاا عرﺎﺷ

قﻮﺴﻟﺎﺑ تا ﻐﺘﻤﻠﻟ ﻞﻴﻠﺤﺗ:يرﺎﻘﻌﻟا

ﻂﺳﻮﺘﳌا

ﺎﻌﻟاوﻣ ﻦﻣ ﺎﻴﻠﻌﻟا بﺮﻗ ﻢ ﺎﺳ ﺪﻗو

ﻋ ضﺎﺮﻟا ﺔﻨﻳﺪﻣ ﻦﻣ ﻰﻄﺳﻮﻟا ﺔﻘﻄﻨﳌا ﻚﻠﺗ تارﺎﻘﻌﻟا ﻋ ﺐﻠﻄﻟا دﻮﺟو

ﻋ ةﺮﺛﺆﳌا ﻞﻣاﻮﻌﻟا:ﺐﻠﻄﻟا

ﻟﺎﺑ ارﻸﻟ ﻊﻴﺒﻟا رﺎﻌﺳأ

اﺪ او تﺎﻴﻔﺸ ﺴﳌاو سراﺪﳌا ﻞﺜﻣ ﺔﻴﻗﻮﻔﻟا ﺔﻴ ﺒﻟا تﺎﻣﺪﺧو ﺔﻴﺘﺤﺘﻟا ﺔﻴ ﺒﻟا تﺎﻣﺪﺧ ﺮﻓﻮﺗ ىﺪﻣ.ﺎ ﻏو ﻖﺋ

ﺔﻄﻴ ا ﺔﻘﻄﻨﳌا ناﺮﻤﻌﻟا لﺎﻤﺘﻛا

رﺎﻘﻌﻟا ﺔﻘﻄﻨﻣ ءﺎﻨﺒﻟا مﺎﻈﻧ

رﺎﻘﻌﻟا ﻦﻣ بﺮﻘﻟﺎﺑ ة ﺒﻛ ﻊرﺎﺸﻣ ﺔﻣﺎﻗإ

رﺎﻘﻌﻟﺎﺑ

ةدﺪﻌﺘﻣ تا ﻐﺘﻣ ﺔﺠﻴ ﻧ ضﺎﺮﻟا ﺔﻨﻳﺪﻣ رﺎﻘﻌﻟا رﺎﻌﺳأ مﺎﻋ ضﺎﻔﺨﻧا

لﺎﻤﺘﻛا مﺪﻋ .ﺔﻘﻄﻨﳌا ﺔﻴﺘﺤﺘﻟا ﺔﻴ ﺒﻟا ﻊرﺎﺸﻣ ﺾﻌ

ﺔﻤﻴﻘﻟا تاﺮﺷﺆﻣو تﺎﺑﺎﺴﺣ

ﺔﻘﺮﻄﺑ ﻢﻴﻴﻘﺘﻟا:ﺔﻔﻠ ﺘﻟا

ضرﻸﻟ ﻊﺮﳌا ﳌا ﺮﻌﺳ

ﻲ ﺎﺒﳌا ﺔﻔﻠ ﺗ15,533,500

ﻲ ﺎﺒﳌا تﺎﺤﻄﺴﻣ ﺎﻤﺟا

ﺔﻔﻠ ﺘﻟﺎﺑ رﺎﻘﻌﻟا ﺔﻤﻴﻗ ﺎﻤﺟإ

يرﺎﺠﺗ ﺒﻣ

ا ﺔﻨﻳﺪﻤﺑ

ﺰﻌﻟا ﺪﺒﻋﺰ

رﺎﻘﻌﻟا عﻮﻧ يرﺎﺠﺗ ﺒﻣ

ﺮﺮﻘﺘﻟا ﺔﺒﻟﺎﻃ ﺔ ا ﻢﺳإ ﺖر رﺬﻌﳌا قوﺪﻨﺻ

ﺔﻌﻔﻨﻣ

ﻨﺒﻟا ﺔﺼﺧر ﺦرﺎﺗءﺎ

قﺎﻄﻧﻨﳌا ﻞﻤﻋ

رﺎﻘﻌﻠﻟ ﺔﻟدﺎﻌﻟا ﺔﻴﻗﻮﺴﻟا

رﺎﻘﻌﻟﺎﺑ ﺔﻄﻴ او ضﺮﻌﻟا ﺔﻴﻟﺎ ا رﺎﻌﺳﻷا ﻦﻣ ةدﺎﻔﺘﺳﻻا ﺖﻤﺗو

ﻩﺬ ﻟ

تارﺎﻘﻌﻟا

ﺔﻘﻄﻨﳌﺎﺑ

رﺎﻘﻌﻟا ﻒﺻو -

ﺮﻣ ﻣﻞﻴﻤﻌﻟا ﻞﺒﻗ ﻦﻣ ﻖﻓﺮﳌا ﻚﺼﻟا ﺐﺴﺣ ﻊ

تا ﻤﻣ:رﺎﻘﻌﻟا

ﻌﻟا ﺪﺒﻋﺰ

ﻚﺼﻟا ﺐﺴﺣ لاﻮﻃﻷاو دوﺪ ا

يرﺎﻘﻌﻟا قﻮﺴﻟﺎﺑ تا ﻐﺘﻤﻠﻟ ﻞﻴﻠﺤﺗ

ﻊﻘﻳﻢﻴﻴﻘﺘﻟا ن ﻋ رﺎﻘﻌﻟا

لﻮﺧﺪﻟا بﺎ أ ﻦﻣ ﺔﻌﻔﺗﺮﳌا ﺔﻴﻨﻜﺴﻟا ﺔﻓﺎﺜﻜﻟا وذ

ﺔﻄﺳﻮﺘﳌا

ﺔﻴﻟﺎﻌﻟاو ﺔﻴﻟﺎﻤﺸﻟا ﻖﻃﺎﻨﳌا ﺔﻴﻟﺎﻌﻟا لﻮﺧﺪﻟا بﺎ أ لﺎﻤﻋأ ﻖﻃﺎﻨﻣ ﻦﻣ ﻊﻴﺮﻟا بﺮﻗ ﻢ ﺎﺳ ﺪﻗو

ﻋ ضﺎﺮﻟا ﺔﻨﻳﺪﻣ ﻦﻣ ﺔﻘﻄﻨﳌا ﻚﻠﺗ تارﺎﻘﻌﻟا ﻋ ﺐﻠﻄﻟا دﻮﺟو

ﺎ ﻏو ﻖﺋاﺪ او تﺎﻴﻔﺸ ﺴﳌاو سراﺪﳌا ﻞﺜﻣ ﺔﻴﻗﻮﻔﻟا ﺔﻴ ﺒﻟا تﺎﻣﺪﺧو ﺔﻴﺘﺤﺘﻟا ﺔﻴ ﺒﻟا تﺎﻣﺪﺧ ﺮﻓﻮﺗ ىﺪﻣ .ﺔﻄﻴ ا ﺔﻘﻄﻨﳌا ناﺮﻤﻌﻟا لﺎﻤﺘﻛا

ﻳﺪﻣ رﺎﻘﻌﻟا رﺎﻌﺳأ مﺎﻋ ضﺎﻔﺨﻧا.ةدﺪﻌﺘﻣ تا ﻐﺘﻣ ﺔﺠﻴ ﻧ ضﺎﺮﻟا ﺔﻨ

ﻣتﺎﻋدﻮﺘﺴ

ﺮﺸﻟا يﺮﺋاﺪﻟا ﻖﺮﻃ قﺮﺷ ﺴﻟا ﺑ ضﺎﺮﻟا ﺔﻨﻳﺪﻤﺑ

رﺎﻘﻌﻟا عﻮﻧ

تﺎﻋدﻮﺘﺴﻣ

قﺎﻄﻧ

إ لﻮﺻﻮﻠﻟ ﻊﻴﺒﻠﻟ ﺔﺿوﺮﻌﳌا تارﺎﻘﻌﻟاو ارﻷا رﺎﻌﺳأ ﻞﻴﻠﺤﺗ ﻢﺗو ﻊﻗﻮﳌا ﻦﻣ رﺎﻘﻌﻟا ﻦﻋ تﺎﻣﻮﻠﻌﳌا ﻊﻤﺟ ﻢﺗ

ﻤﻴﻘﻟا ﺔ

ﺔﻔﻠ ﺘﻟﺎﺑ ضﺮﻌ ﻟا ﺔﻴﻟﺎ ا رﺎﻌﺳﻷا ﻦﻣ ةدﺎﻔﺘﺳﻻا ﺖﻤﺗو رﺎﻘﻌﻟﺎﺑ ﺔﻄﻴ ا و ﺔﻘﻄﻨﳌﺎﺑ تارﺎﻘﻌﻠﻟ رﺎﻌﺳﻷا ىﻮﺘﺴﻣ ﺔﺳارد ﻢﺗ

ﺔﻘﻄﻨﳌﺎﺑﻟ تاﺮﺷﺆﻤﻛ رﺎﻌﺳﻷا ﻩﺬ تﺬﺧأ ﻢﺛ ﻦﻣو

ﺔﻤﻴﻘﻠ

ضرﻸﻟ ﺔﻴﻟﺎﻤﺟإ ﺔﺣﺎﺴﻤﺑ تﺎﻋدﻮﺘﺴﻣ ﻦﻋ ةرﺎﺒﻋ رﺎﻘﻌﻟا

و ﻞﻴﻤﻌﻟا ةدﺎﻓا ﺐﺴﺣ ﻊﺮﻣ ﻣ

25.ﺔﻨﺳ

ﺮﳌا ءﺎﻨﺒﻟا ﺔﺼﺧر ﺐﺴﺣ ﻲ ﺎﺒﳌا ﺔﺣﺎﺴﻣ ﺎﻤﺟإ

ﺔﻘﻓ46,158

ﻲﺮﻐﻟا فﺮﻄﻟا ﻦﻣ

ﺎﻀﻳا عرﺎﺷ

عرﺎﺷ ﺔﻌﻔﻨﻣ نا

30ﻤﻴﻗ ضﺎﻔﺨﻧا لﺪﻌﻣ ﻋ ﻲ ﺎﺠﻳﻹا ﺎ ﺮﺛﺄﺑ ﺪﺰﺗ ﻣ

ضرﻷا ﺔ

لﻮﺤﺘﻟ ﺎ ﻤﻴﻗﺳﻻا

عﺎﻄﻘﺘ.ﻋأ ﺔﻌﻔﻨﻣ ا

حاﺮ ا ﺮﻣﺎﻋ ةﺪﻴﺒﻋ ﻮﺑأ ﻖﺮﻃ

ﺎﺮﻏ

بﺎ ﻜﻟا عرﺎﺷ

ﻦ ﺪﶊ عرﺎﺷ

ضﺮﻋ عرﺎﺷ36

ﻋ ضﺎﺮﻟا ﺔﻨﻳﺪﻣ ﻦﻣ ﺔﻴﻗﺮﺸﻟا ﻖﻃﺎﻨﳌا ﻊ ﺎﺼﳌاو تﺎﻋدﻮﺘﺴﳌا لﺎﻤﻋأ ﻖﻃﺎﻨﻣ ﻦﻣ ﺴﻟادﻮﺟو

ﻠﻄﻟاﻋ ﺐ

ﺔﻘﻄﻨﳌا ﻚﻠﺗ تارﺎﻘﻌﻟا

ﺮ ﺎﻇ

ﺔﻴﻧاﺮﻤﻋ ﺔﻛﺮﺣ عوﺮﺸﻤﻠﻟﺔﻀﻔﺨﻨﻣ

ﺔﻛﺮﺣ ﻒﻌﺿيرﺎﺠﺘﻟا عﺎﻄﻘﻟا

ا ضﺎﺮﻟ

ﺔﻔﻠ ﺘﻟا ﺔﻘﺮﻄﺑ ﻢﻴﻴﻘﺘﻟا

ةرﺮﻜﺘﳌا راودﻷا ﺔﺣﺎﺴﻣ

ةرﺮﻜﺘﳌا راودﻸﻟ ﻊﺮﳌا ﳌا ﺮﻌﺳ

ﻲ ﺎﺒﳌا ﺮﻤﻋ

ضرﻷا ﺔﻤﻴﻗ ﺎﻤﺟإ

ةرﺮﻜﺘﳌا راودﻷا ﺔﻤﻴﻗ ﺎﻤﺟإ

ﻜﺳ يرﺎﺠﺗ ﺒﻣ

رﺎﻘﻌﻟا عﻮﻧﻜﺳ يرﺎﺠﺗ ﺒﻣ

اورﺎﻘﻌﻟﺎﺑ ﺔﻄﻴ

ﺑ ﻜﺳ يرﺎﺠﺗ ﺒﻣ ﻦﻋ ةرﺎﺒﻋ رﺎﻘﻌﻟا

900ﺮﻣ ﻣ

ﻜﺳ يرﺎﺠﺗ ﺒﻣ ضرﻷا ﻋ مﺎﻘﻣ

ن ﺘﻘﺷ

عرﺎﺷ ﻋ رﺎﻘﻌﻟا عﻮﻗو

ﺎﻔﺸﻟا

ةﺪﻋ ﻦﻣ رﺎﻘﻌﻟا بﺮﻗ

ﻲﺮﻐﻟا يﺮﺋاﺪﻟا ﻖﺮﻃ) ةروﺎﺤﻣ–

ةﺪﺟ ﻖﺮﻃ

ﻃ ﯾر

ﺎﻔﺸﻟا عرﺎﺷ ﰊ

لﻮﺧﺪﻟا بﺎ أ ﻦﻣ ﺔﻄﺳﻮﺘﳌا ﺔﻴﻨﻜﺴﻟا ﺔﻓﺎﺜﻜﻟا وذ

ﺔرﺎﺠﺘﻟا ﻲ ﺎﺒﳌاو.ةروﺎ ا ﻖﻃﺎﻨﳌا ﺔﻴﻨﻜﺴﻟاو ﺔﻴ ﺘﻜﳌاو

بﺬﺑﺬﺘﻣ

رﺎﻌﺳﻷا

ﺔﻴﻧاﺮﻤﻋ ﺔﻛﺮﺣ عوﺮﺸﻤﻠﻟضﺎﻔﺨﻧﻹﺎﺑ تأﺪﺑ

ﺒﻟا رﺎﻌﺳأ.ﻟﺎﺑ ارﻸﻟ ﻊﻴ

رﺎﻘﻌﻟﺎﺑ ﺔﻘﻠﻌﺘﳌا ﺮﻃﺎ ا

ﺳأ مﺎﻋ ضﺎﻔﺨﻧا.ةدﺪﻌﺘﻣ تا ﻐﺘﻣ ﺔﺠﻴ ﻧ ضﺎﺮﻟا ﺔﻨﻳﺪﻣ رﺎﻘﻌﻟا رﺎﻌ

ﻣ ﺔﺮﻌﺳ ﺔﺴﻓﺎﻨﻣ رﻮ ﻇ 5

رﺎﻘﻌﻟا ﺔﻘﻄﻨ

ﺘﻜﻣ يرﺎﺠﺗ ﺒﻣ

رﺎﻘﻌﻟا عﻮﻧﺘﻜﻣ يرﺎﺠﺗ ﺒﻣ

ﺔﺼﺧر ﻢﻗرءﺎﻨﺒﻟا

ﺔﻘﻄﻨﳌﺎﺑﻤﻛ رﺎﻌﺳﻷا ﻩﺬ تﺬﺧأ ﻢﺛ ﻦﻣو

ﺔﻤﻴﻘﻠﻟ تاﺮﺷﺆ

ﻞﻴﻤﻌﻟاﺔﻠﺼﻔﻣ

7 .ةرﺮﻜﺘﻣ راودأ

ﺒﻤﻠﻟ ﺔﻴﻔﻠ ا ضرﻷا ﺔﻴﻓﺎﺿإ ﻒﻗاﻮﻣ ﺪﺟﻮﻳ

5 .تاﻮﻨﺳ

ﺔﻘﻓﺮﳌا10,879.67

ﻊﺮﻣ

ﺎﻴﻠﻌﻟا

ﺼﺨﺘﻟا ﻖﺮﻃ

ﺪ ﻓ ﻚﻠﳌا ﻖﺮﻃ

ﺮﻃ ﻖﯾ

ﻬﻓ د

ﺎﻌﻟاوﻮﺘﳌا لﻮﺧﺪﻟا بﺎ أ لﺎﻤﻋأ ﻖﻃﺎﻨﻣ ﻦﻣ ﺔﻓﺎ ﻟا بﺮﻗ ﻢ ﺎﺳ ﺪﻗو

ﻋ ضﺎﺮﻟا ﺔﻨﻳﺪﻣ ﻦﻣ ﺔﻴﻟﺎﻤﺸﻟا ﻚﻠﺗ تارﺎﻘﻌﻟا ﻋ ﺐﻠﻄﻟا دﻮﺟو

ﺔﻘﻄﻨﳌا

ﻟﺎﺑ ارﻷا ﻊﻴﺒﻟا رﺎﻌﺳأ

ﺎ ﻏو ﻖﺋاﺪ او تﺎﻴﻔﺸ ﺴﳌاو سراﺪﳌا ﻞﺜﻣ ﺔﻴﻗﻮﻔﻟا ﺔﻴ ﺒﻟا تﺎﻣﺪﺧو ﺔﻴﺘﺤﺘﻟا ﺔﻴ ﺒﻟا تﺎﻣﺪﺧ ﺮﻓﻮﺗ ىﺪﻣ ناﺮﻤﻌﻟا لﺎﻤﺘﻛا

مورﺪﺒﻟا ﺔﺣﺎﺴﻣ 4,742

ةرﺮﻜﺘﳌا راودﻷا ﺔﺣﺎﺴﻣ 6,137.67

ضرﻸﻟ ﻊﺮﳌا ﳌا ﺮﻌﺳ 7,500

مورﺪﺒﻠﻟ ﻊﺮﳌا ﳌا ﺮﻌﺳ 2,500

ةرﺮﻜﺘﳌا راودﻸﻟ ﻊﺮﳌا ﳌا ﺮﻌﺳ 1,650

ﻲ ﺎﺒﳌا ﺮﻤﻋ 5

ضرﻷا ﺔﻤﻴﻗ ﺎﻤﺟإ 17,850,000

مورﺪﺒﻟا ﺔﻤﻴﻗ ﺎﻤﺟإ 10,375,496

ةرﺮﻜﺘﳌا راودﻷا ﺔﻤﻴﻗ ﺎﻤﺟإ 9,986,949.48

ﺔﻔﻠ ﺘﻟﺎﺑ رﺎﻘﻌﻟا ﺔﻤﻴﻗ ﺎﻤﺟإ 38,212,445.48

ﻲ ﺎﺜﻟا ﺔﻓﺎ ﻟا)

ارﻷا رﺎﻌﺳأ ﻞﻴﻠﺤﺗ ﻢﺗو ﻊﻗﻮﳌا ﻦﻣ رﺎﻘﻌﻟا ﻦﻋ تﺎﻣﻮﻠﻌﳌا ﻊﻤﺟ ﻢﺗ

تارﺎﻘﻌﻟاارﻷا ﻊﻄﻘﻟ ة ﺧﻷا ﺔﻧوﻵا ﻊﻴﺒﻟا رﺎﻌﺳأ ﻦﻋ ءﺎﺼﻘﺘﺳاو ﻲ اﺪﻴﻣ ﻣ ﻞﻤﻋ ﻢﺗو

تارﺎﻘﻌﻟاو

رأ رودو و

6 .تاﻮﻨﺳ

ﻣ ﺎﻤﺟإ

ﺔﻘﻓﺮﳌا ءﺎﻨﺒﻟا ﺔﺼﺧر ﺐﺴﺣ ﻲ ﺎﺒﳌا ﺔﺣﺎﺴ11,339.80

ﻞﻣﺎ ﻟﺎﺑ ﺔﻴﻠﺧاﺪﻟا ةرازﻮﻟ ﺔﻌ ﺎﺘﻟا ﺔﻴﺒﻄﻟا تﺎﻣﺪ ﻟ ﺔﻣﺎﻌﻟا ةرادﻺﻟ ًﺎﻴﻟﺎﺣ ﺮﺟﺆﻣ رﺎﻘﻌﻟا

ﻞﺼﻴﻓ ﻦﺑ دﻮﻌﺳ مﺎﻣﻹا ﻖﺮﻃ

ﻖﺮﻃ.(ﺪ ﻓ ﻚﻠﳌا

ﻋ ضﺎﺮﻟا ﺔﻨﻳﺪﻣ ﻦﻣ ﺔﻴﻟﺎﻤﺸﻟا ﺔﻘﻄﻨﳌا ﻚﻠﺗ تارﺎﻘﻌﻟا ﻋ ﺐﻠﻄﻟا دﻮﺟو

ﺮﺷﺎﺒﻣ

ﺔﻴﻧاﺮﻤﻋ ﺔﻛﺮﺣ عوﺮﺸﻤﻠﻟﺔﺑﺬﺑﺬﺘﻣ

ﺎ ﻏو ﻖﺋاﺪ او تﺎﻴﻔﺸ ﺴﳌاو سراﺪﳌا ﻞﺜﻣ ﺔﻴﻗﻮﻔﻟا ﺔﻴ ﺒﻟا تﺎﻣﺪﺧو ﺔﻴﺘﺤﺘﻟا ﺔﻴ ﺒﻟا تﺎﻣﺪﺧ ﺮﻓﻮﺗ ىﺪﻣ اﺮﻤﻌﻟا لﺎﻤﺘﻛا

ﺔﻘﻄﻨﳌا ﺔﻴﺘﺤﺘﻟا ﺔﻴ ﺒﻟا ﻊرﺎﺸﻣ لﺎﻤﺘﻛا مﺪﻋ

ﺷ ضﺎﺮﻟا و ﻣ رﺎﺴﻣ ﻦﻣ بﺮﻘﻟا

رﺎﻘﻌﻟا ﺔﻘﻄﻨﻣ ﺔﺮﻌﺳ ﺔﺴﻓﺎﻨﻣ رﻮ ﻇ

ﳌا راودﻷا ﺔﻤﻴﻗ ﺎﻤﺟإةرﺮﻜﺘ

ﺔﻔﻠ ﺘﻟﺎﺑ رﺎﻘﻌﻟا ﺔﻤﻴﻗ ﺎﻤﺟإ 39,650,336.25

ﺘﻜﻣ يرﺎﺠﺗ ﺒﻣ

اﺔﻨﻳﺪﳌ

ﺔﻤﻴﻘﻟا إ لﻮﺻﻮﻠﻟ ﻊﻴﺒﻠﻟ ﺔﺿوﺮﻌﳌا تارﺎﻘﻌﻟاو ارﻷا رﺎﻌﺳأ ﻞﻴﻠﺤﺗ ﻢﺗو ﻊﻗﻮﳌا ﻦﻣ رﺎﻘﻌﻟا ﻦﻋ تﺎﻣﻮﻠﻌﳌا ﻊﻤﺟ ﻢﺗ

ﻴ او ﺔﻘﻄﻨﳌﺎﺑ تارﺎﻘﻌﻠﻟ رﺎﻌﺳﻷا ىﻮﺘﺴﻣ ﺔﺳارد ﻢﺗ

ضﺮﻌ ﻟا ﺔﻴﻟﺎ ا رﺎﻌﺳﻷا ﻦﻣ ةدﺎﻔﺘﺳﻻا ﺖﻤﺗو رﺎﻘﻌﻟﺎﺑ ﺔﻄ

ﺑ ﺘﻜﻣ يرﺎﺠﺗ ﺒﻣ ﻦﻋ ةرﺎﺒﻋ رﺎﻘﻌﻟا

ﺘﻜﻣ يرﺎﺠﺗ ﺒﻣ ضرﻷا ﻋ مﺎﻘﻣ

ﺮﺸﻟا يﺮﺋاﺪﻟا ﻖﺮﻃ

ﻖﯾﺮﻃ يﺮﺋا ا

ﰶﴩﻟا

ﷲﺪﺒﻋ ﳌا ﻖﯾﺮﻃ

ا بﺮﻗ ﻢ ﺎﺳ ﺪﻗو ،ﺔﻄﺳﻮﺘﳌاو ﺔﻴﻟﺎﻌﻟا ﻖﻃﺎﻨﳌا ﺔﻄﺳﻮﺘﳌاو ﺔﻴﻟﺎﻌﻟا لﻮﺧﺪﻟا بﺎ أ لﺎﻤﻋأ ﻖﻃﺎﻨﻣ ﻦﻣ سﺪﻘﻟ

مﺎﻋ

ﺔﻴﻧاﺮﻤﻋ ﺔﻛﺮﺣةﺮﻘﺘﺴﻣ ﻏ

ماﺪﺨﺘﺳﻹا ﺲﻔﻧ تاذ

ﻚﻟذ ﻞ بﺬﺑﺬﺘﻟا

ﻋ رﺎﺛﻷا سﺎ ﻌ اﻋ ﺐﻠﻄﻟا

او ﻏ

ﻊﻴﺒﻟا رﺎﻌﺳأ

رﺎﻌﺳأ مﺎﻋ ضﺎﻔﺨﻧا.ةدﺪﻌﺘﻣ تا ﻐﺘﻣ ﺔﺠﻴ ﻧ ضﺎﺮﻟا ﺔﻨﻳﺪﻣ رﺎﻘﻌﻟا

ﻣﺘﻜﻣ يرﺎﺠﺗﺒ

ا عرﺎﺷ قﺮﺷ ﻊﺮﳌا ﺑ ضﺎﺮﻟا ﺔﻨﻳﺪﻤﺑ

يﻮﻠﺟ(بﺎﺒﻀﻟا جﺮﺑ)

ﻌﺳﻷا ﻦﻣ ةدﺎﻔﺘﺳﻻا ﺖﻤﺗو رﺎﻘﻌﻟﺎﺑ ﺔﻄﻴ او ﺔﻘﻄﻨﳌﺎﺑ تارﺎﻘﻌﻠﻟ رﺎﻌﺳﻷا ىﻮﺘﺴﻣ ﺔﺳارد ﻢﺗ

ضﺮﻌ ﻟا ﺔﻴﻟﺎ ا رﺎ

781.94ﺮﻣ ﻣ

ﻘﻓﺮﳌاﺔ

ﻞﺒﻗ

و رأ رودو6

ةرﺮﻜﺘﻣ راودأ

ن رﺎﺠﺗ.ﺐﺗﺎ ﻣ ﻦﻋ ةرﺎﺒﻋ ةرﺮﻜﺘﳌا راودﻷاو

مﺎﻣﻹا عرﺎﺷ ﻋ رﺎﻘﻌﻟا عﻮﻗو

ﷲ ﺪﺒﻋ ﻦﺑ

ﺪ ﻓ ﻚﻠﳌا–

بﺎﺒﻀﻟا عرﺎﺷ

ﺎﻗﺮﺷ

ﺎﺷ عر

لﻮﺧﺪﻟا بﺎ أ ﻦﻣ ﺔﻄﺳﻮﺘﳌا

ﺔﻄﺳﻮﺘﳌا ﺔﻨﻳﺪﻣ ﻦﻣ ﻰﻄﺳﻮﻟا ﻖﻃﺎﻨﳌا ﺔﻄﺳﻮﺘﳌا لﻮﺧﺪﻟا بﺎ أ لﺎﻤﻋأ ﻖﻃﺎﻨﻣ ﻦﻣ ﻊﺮﳌا بﺮﻗ ﻢ ﺎﺳ ﺪﻗو

ﻋ ضﺎﺮﻟانزاﻮﺗ

راﺮﻘﺘﺳا

ﻨﻜﺴﻟاو ﺔﻴ ﺘﻜﳌاو ﺔرﺎﺠﺘﻟا ﻲ ﺎﺒﳌاو.ةروﺎ ا ﻖﻃﺎﻨﳌا ﺔﻴ

ة ﺒﻛ ﻊرﺎﺸﻣ ﺔﻣﺎﻗإ.رﺎﻘﻌﻟا ﻦﻣ بﺮﻘﻟﺎﺑ

ﻄﻨﻣ ﺔﺮﻌﺳ ﺔﺴﻓﺎﻨﻣ رﻮ ﻇ 4

رﺎﻘﻌﻟا ﺔﻘ

ﻜﺳ ﺘﻜﻣ يرﺎﺠﺗ ﺒﻣ

ﺔﻌﻄﻘﻟا ﻢﻗر ﻢﻗر ﺔﻌﻄﻘﻟا ﻦﻣ ﻲﺮﻐﻟا ءﺰ ا

رﺎﻘﻌﻠﻟ ﺔﻟدﺎﻌﻟا ﺔﻴﻗﻮﺴﻟا ضﺮﻌ ﻟا ﺔﻴﻟﺎ ا رﺎﻌﺳﻷا ﻦﻣ ةدﺎﻔﺘﺳﻻا ﺖﻤﺗو رﺎﻘﻌﻟﺎﺑ ﺔﻄﻴ ا و ﺔﻘﻄﻨﳌﺎﺑ تارﺎﻘﻌﻠﻟ رﺎﻌﺳﻷا ىﻮﺘﺴﻣ ﺔﺳارد ﻢﺗ

و ,ﺔﻘﻄﻨﳌﺎﺑ

ﺎﻘﻌﻟا ﺮﻤﻋ

ﺔﻘﻓﺮﳌا ءﺎﻨﺒﻟا ﺔﺼﺧر ﺐﺴﺣ ر4

ﺔﻨﺳ

ﺰﺰﻌﻟاﺪﺒﻋ ﻦ نﺎﻄﻠﺳ ﲑﻣٔﻟاا ﻖﯾﺮﻃ

لؤأﻟاا ﰾﺮ ﲑﻣٔﻟاا ﻖﯾﺮﻃ

ﺔﻴﻟﺎﻌﻟا بﺮﻗ ﻢ ﺎﺳ ﺪﻗو

ﻋ ضﺎﺮﻟا ﺔﻘﻄﻨﳌا ﻚﻠﺗ تارﺎﻘﻌﻟا ﻋ ﺐﻠﻄﻟا دﻮﺟو

تﺎﻴﻔﺸ ﺴﳌاو سراﺪﳌا ﻞﺜﻣ ﺔﻴﻗﻮﻔﻟا ﺔﻴ ﺒﻟا تﺎﻣﺪﺧو ﺔﻴﺘﺤﺘﻟا ﺔﻴ ﺒﻟا تﺎﻣﺪﺧ ﺮﻓﻮﺗ ىﺪﻣ.ﺎ ﻏو ﻖﺋاﺪ او

ﺐ ﺴ ﻳ ﺎﻤﻣ ﺔﻄﻴ ا ﺔﻘﻄﻨﳌا ءﺎﻨﺒﻟا ﺔﻛﺮﺣ ﻒﻌﺿ.رﺎﻘﻌﻟا ﻊﻴﺑ رﺎﻌﺳأ ضﺎﻔﺨﻧا

مورﺪﺒﻟا ﺔﺣﺎﺴﻣ 6,231.50

ﻤﻴﻗ ﺎﻤﺟإمورﺪﺒﻟا ﺔ

ﺔﻔﻠ ﺘﻟﺎﺑ رﺎﻘﻌﻟا ﺔﻤﻴﻗ ﺎﻤﺟإ 149,775,613

ﺘﻜﻣ يرﺎﺠﺗ جﺮﺑ

رﺎﻘﻌﻟا عﻮﻧﺘﻜﻣ يرﺎﺠﺗ جﺮﺑ

ﺮﺮﻘﺘﻟا ﺔﺒﻟﺎﻃ ﺔ ا ﻢﺳا ﺖر رﺬﻌﳌا قوﺪﻨﺻ

ةﺮﺣ ﺔﻴﻜﻠﻣ

ﻚﺼﻟا ﺐﺴﺣ/

ﺔﺼﺧﺮﻟا ﺐﺴﺣ ﺎﻴﻠﻌﻟا

ﳌا ﻦﻣ رﺎﻘﻌﻟا ﻦﻋ تﺎﻣﻮﻠﻌﳌا ﻊﻤﺟ ﻢﺗ

إ لﻮﺻﻮﻠﻟ ﻊﻴﺒﻠﻟ ﺔﺿوﺮﻌﳌا تارﺎﻘﻌﻟاو ارﻷا رﺎﻌﺳأ ﻞﻴﻠﺤﺗ ﻢﺗو ﻊﻗﻮ.ﺔﻤﻴﻘﻟا

تارﺎﻘﻌﻟا ﻩﺬ ﻟا ﻊﻄﻘﻟ ة ﺧﻷا ﺔﻧوﻵا ﻊﻴﺒﻟا رﺎﻌﺳأ ﻦﻋ ءﺎﺼﻘﺘﺳاو ﻲ اﺪﻴﻣ ﻣ ﻞﻤﻋ ﻢﺗو

رﺎﻘﻌﻟا ﻒﺻو

ضرﻸﻟ ﺔﻴﻟﺎﻤﺟإ ﺔﺣﺎﺴﻤﺑ جﺮﺑ ﻦﻋ ةرﺎﺒﻋ رﺎﻘﻌﻟا

ﻞﺒﻗ ﻦﻣ ﻖﻓﺮﳌا ﻚﺼﻟا ﺐﺴﺣ ﻊﺮﻣ ﻣ

ﻞﻴﻤﻌﻟا ﺔﻠﺼﻔﻣ

ﺎﺘﻟﺎ

8 دﺪﻋو راودأ

رأو ن ﻧا ﻣو مورﺪﺑ

ﺔﻘﻓﺮﳌا ءﺎﻨﺒﻟا ﺔﺼﺧر ﺐﺴﺣ ﻲ ﺎﺒﳌا ﺔﺣﺎﺴﻣ ﺎﻤﺟإ

ﺔﻣﺮﻜﳌا ﺔﻜﻣ ﻖﯾﺮﻃ

قﻮﺴﻟﺎﺑ تا ﻐﺘﻤﻠﻟ ﻞﻴﻠﺤﺗ :يرﺎﻘﻌﻟا

ﻊﻘﻳﻢﻴﻴﻘﺘﻟا ﻦﻋ رﺎﻘﻌﻟا

ﺔﻴﻟﺎﻌﻟاو ﺔﻄﺳﻮﺘﳌا

ﻋ ضﺎﺮﻟا ﺔﻨﻳﺪﻣ ﻦﻣ ﻰﻄﺳﻮﻟادﻮﺟو

تارﺎﻘﻌﻟا ﻋ ﺐﻠﻃ

ﻷا

رﺎﻌﺳ

ة ﻔﻟا ﻩﺬ ﺔﺑﺬﺑﺬﺘﻣ ﺎﺻﻮﺼﺧ

تارﺎﻘﻌﻟاو ﻲ ﺎﺒﳌا ﺪﻴ ﺸﺔ ﺎﺸﳌا

سﺎ ﻌ ا

ﻋ ﺐﻠﻄﻟاو

ﺎﺒﻣ

رﻮ ﻇ 4

رﺎﻘﻌﻟا ﺔﻘﻄﻨﻣ ﺔﺮﻌﺳ ﺔﺴﻓﺎﻨﻣ

ﺪﻨﻓ

ﺲﻜﻨﻴﺟ ﻊﻴﺮﻟا)

رﺎﻘﻌﻟا عﻮﻧ يرﺎﺠﺗ ﺒﻣ

ﺔﻴﻜﻠﳌا ﻖﺣ

اضﺎﺮﻟ

رﺎﻘﻌﻟاو ارﻷا رﺎﻌﺳأ ﻞﻴﻠﺤﺗ ﻢﺗو ﻊﻗﻮﳌا ﻦﻣ رﺎﻘﻌﻟا ﻦﻋ تﺎﻣﻮﻠﻌﳌا ﻊﻤﺟ ﻢﺗ

ﺔﻴﻗﻮﺴﻟا

ﻒﺻو:رﺎﻘﻌﻟا

ءﺎﻨﺒﻟا ﺔﺼﺧر ﺐﺴﺣ) ﺪﻨﻓ ضرﻸﻟ ﺔﻴﻟﺎﻤﺟإ ﺔﺣﺎﺴﻤﺑ

رودو

نﺎﺘ ﺳ

ا ﺔﺣﺎﺴﻣ ﺎﻤﺟإ

ﺔﻘﻓﺮﳌا ءﺎﻨﺒﻟا ﺔﺼﺧر ﺐﺴﺣ ﻲ ﺎﺒﳌ8,589.52

ﺎﻴﻠﻌﻟا ﻖﺮﻃ

ﴢﺼﺨﺘﻟا ﻖﯾﺮﻃ

و ﺔﻄﺳﻮﺘﳌا

ﺔﻴﻟﺎﻌﻟاﺪﻟا بﺎ أ لﺎﻤﻋأ ﻖﻃﺎﻨﻣ ﻦﻣ ﻊﻴﺮﻟا بﺮﻗ ﻢ ﺎﺳ ﺪﻗو

ﻋ ضﺎﺮﻟا ﺔﻨﻳﺪﻣ ﻦﻣ ﺔﻘﻄﻨﳌا ﻚﻠﺗ تارﺎﻘﻌﻟا ﻋ ﺐﻠﻄﻟا دﻮﺟو

ﺎ ﻏو ﻖﺋاﺪ او تﺎﻴﻔﺸ ﺴﳌاو سراﺪﳌا ﻞﺜﻣ ﺔﻴﻗﻮﻔﻟا ﺔﻴ ﺒﻟا تﺎﻣﺪﺧو ﺔﻴﺘﺤﺘﻟا ﺔﻴ ﺒﻟا تﺎﻣﺪﺧ ﺮﻓﻮﺗ ىﺪﻣ ناﺮﻤﻌﻟا لﺎﻤﺘﻛا

مورﺪﺒﻟا ﺔﺣﺎﺴﻣ3,014.82

ةرﺮﻜﺘﳌا راودﻷا ﺔﺣﺎﺴﻣ5,574.70

ضرﻸﻟ ﻊﺑﺮﳌا ﱰﳌا ﺮﻌﺳ5,600

ﺪﺒﻠﻟ ﻊﺑﺮﳌا ﱰﳌا ﺮﻌﺳمور

ةرﺮﻜﺘﳌا راودﻸﻟ ﻊﺑﺮﳌا ﱰﳌا ﺮﻌﺳ1,800

ﱐﺎﺒﳌا ﺮﻤﻋ1

كﻼﻫﻹا ﻢﺼﺧ ﺪﻌﺑ) مورﺪﺒﻠﻟ ﻊﺑﺮﳌا ﱰﳌا ﺮﻌﺳ2,438

كﻼﻫﻹا ﻢﺼﺧ ﺪﻌﺑ) ةرﺮﻜﺘﳌا راودﻸﻟ ﻊﺑﺮﳌا ﱰﳌا ﺮﻌﺳ1,755

ضرﻷا ﺔﻤﻴﻗ ﱄﺎﲨإ

مورﺪﺒﻟا ﺔﻤﻴﻗ ﱄﺎﲨإ7,348,623.75

دﻷا ﺔﻤﻴﻗ ﱄﺎﲨإةرﺮﻜﺘﳌا راو

ﺔﻔﻠﻜﺘﻟ رﺎﻘﻌﻟا ﺔﻤﻴﻗ ﱄﺎﲨإ38,972,222.25

ﻮﺘﺴﻣتﺎﻋد

ﺮﺋﺎ ا ﻖﺮﻃ بﺮﻏ ﻊ ﺎﺼﳌا ﺑ ضﺎﺮﻟا ﺔﻨﻳﺪﻤﺑ

ﺮﺋﺎ ا تﺎﻋدﻮﺘﺴﻣ)

ﺒﻟا ﺔﺼﺧر ﻢﻗرءﺎﻨ

ﻦﻣ2788

ﻴﻘﻠﻟ تاﺮﺷﺆﻤﻛ رﺎﻌﺳﻷا ﻩﺬ تﺬﺧأ ﻢﺛ ﻦﻣو ،ﺔﻘﻄﻨﳌﺎﺑ.ﺔﻤ

ضرﻸﻟ ﺔﻴﻟﺎﻤﺟإ ﺔﺣﺎﺴﻤﺑ تﺎﻋدﻮﺘﺴﻣ ﻦﻋ ةرﺎﺒﻋ رﺎﻘﻌﻟا

ﻚﺼﻟاﻖﻓﺮﳌا

ﺎﺘﻟﺎ ﺔﻠﺼﻔﻣ ,

و ءﺎﻨﺒﻟا ﺔﺼﺧر ن ﺑ ﺎﻣ ضرﻷا ﺔﺣﺎﺴﻣ فﻼﺘﺧا دﻮﺟو ا ﻢﻴﻘﳌا ﻩﻮﻨﻳ

ﻋ ﺮﻣﻷا ﻖﺒﻄﻨ و ،ﺖر رﺬﻌﳌا قوﺪﻨﺻ ﺎﺼﻟ ﮫﺘﻴﻜﻠﻣ ﺔﻠﻘﺘﻨﳌا ﻚﺼﻟا ةرﻮ ﺬﳌا ﺔﺣﺎﺴﳌاو 2

ﺑ ﺎﻣ لاﻮﻃﻷاو دوﺪ ا

بﺮﻗ

ﺮﺋﺎ ا ﻖﺮﻃ) ةروﺎﺤﻣ ةﺪﻋ ﻦﻣ رﺎﻘﻌﻟا–

تﺎﻓﺮﻋ ﻖﺮﻃ

ﺪﯾﺪﳉا جاﺮﳊا

تﺎﻓﺮﻋ عرﺎﺷ

ﻊﻘﻳ ﻢﻴﻴﻘﺘﻟا ن ﻋ رﺎﻘﻌﻟا

ﻟا ﺔﻨﻳﺪﻣ بﻮﻨﺟ ﻊ ﺎﺼﳌاﻗو ،ﺔﻄﺳﻮﺘﳌا ﺔﻴﻨﻜﺴﻟا ﺔﻓﺎﺜﻜﻟا وذ ضﺎﺮ

رﺎﻘﻌﻟا عﻮ

ﻊ ﺎﺼﳌاﻟﺎﺑ

ﺔﻘﻄﻨﳌا ﻚﻠﺗ تارﺎﻘﻌﻟا ﻋ

ةروﺎ ا ﺔﻘﻄﻨﳌا ﺪ ﺸ

ﻚﻟذ ﻞ بﺬﺑﺬﺘﻟا

ﻢ ﺳأو ضﺮﻌﻟا ﻋ ةﺮﺷﺎﺒﻣ تا ﻴﻐ

اوو ﺮﺷﺎﺒﻣرﺎﻌﺳﻷا ىﻮﺘﺴﻣ ﻋ

و تﺎﺑﺎﺴﺣ ﺔﻤﻴﻘﻟا تاﺮﺷﺆﻣ

ضرﻷا ﺔﺣﺎﺴﻣ 13,544.45

ةرﺮﻜﺘﳌا راودﻷا ﺔﺣﺎﺴﻣ 11,970

ضرﻸﻟ ﻊﺮﳌا ﳌا ﺮﻌﺳ 900

ةرﺮﻜﺘﳌا راودﻸﻟ ﻊﺮﳌا ﳌا ﺮﻌﺳ 900

ةرﺮﻜﺘﳌا راودﻷا ﺔﻤﻴﻗ ﺎﻤﺟإ 4,189,500

ﺔﻘﺮﻄﺑ ﻢﻴﻴﻘﺘﻟا

ا ﮫﺒ ﺘﻟا ﻊﻣ .رﺎﻘﻌﻟا ﺔﺼﺣ ﻞ ﻟ ﺎّﻴﻠﻴﺼﻔﺗة ﺧ نأ

ﻩﺮﻳﺪﻘﺗو ﻢﻴﻘﳌاﳌا

ﻤ ﻣﺔ

ﻢﻴﻴﻘﺗ ﻞﺤﻣ رﺎﻘﻌﻠﻟ ﺔﻴﻗﻮﺴﻟا رﺎﺠﻳﻻا ﺔﻤﻴﻗو

ﺔﻴﻟﺎ ا و ﺔﻘﺑﺎﺴﻟا تاﺮﻤﻠﻟ ﻢﻴﻴﻘﺘﻟا ﺦرﺎﺗ

ﺎﺘﻟا ﻮﺤﻨﻟا ﻋ ﻢﻴﻴﻘﺘﻟا اﺬ ﻟ ﺔﻘﺑﺎﺴﻟا تﺎﻤﻴﻴﻘﺘﻟا ﺖﻴﻤﺳ

ﻢﻴﻴﻘﺗ1

ﻢﻴﻴﻘﺗ31

ﻢﻴﻴﻘﺗ30

اﻮﺘﻟا ﻋ31

ا ﻦﻣ ﺔﻌﻗﻮﺘﻤﻠﻟ ﺔﻓﺎﺿﻻﺎﺑ دﻮﻘﻌﻟا ﻦﻤﺿ ةﺮﻈﺘﻨﳌا تاداﺮﻳﻻا ﻢﺼﺧ ﺔﺻﻼﺧ ﺎﳌا ﻢﻴﻴﻘﺘﻟا لﺪﻌﻤﺑ رﺎﻘﻌﻟ

6 ﺦرﺎﺗ ﺔﻴﻟﺎ ا ﺔﻤﻴﻘﻟا ﺪﻤﺘﻌ

ﻢﻴﻘﺘﻟا ﺦرﺎﺗ31

ﺮﺮﻘﺘﻟا ﻞﺤﻣ ﺔﻈﻔ ا ﺔﻤﻴﻗ رﺪﻘﺗ

579,439,639 ﻋ ًءﺎﻨﺑ يدﻮﻌﺳ لﺎر

ﻨﻣﻦﻋ ﻢﻴﻴﻘﺘﻟا

رﺎﻤﺜ ﺳﻻا

ﻢﻴﻴﻘﺘﻟا ةﺪﻣ لﻼﺧ ﻞﺧﺪﻟا ﺪﻴﻟﻮﺗ ﻖﺮﻃ ﻦﻋ ﻞﺒﻘﺘﺴﳌا حﺎرأ ﻖﻘﺤﺗ ﺔﻈﻔ ا

ﺔﻘﻴﻗد ﻏ

ﺖﻣﺪﺨﺘﺳا

وCAP RATE

و ﺔﻌرﻻا ﻊ ﺐﺴ

و ﻞﻴﻤﻌﻟا

ﺎﺘﻟا

ﻌﺴ ﻟا ﻞﻣﺎﻌﻣ ﻊﻣ ﻞﻣﺎﻌ ﺎﻤﻴﻓ

ةﺮﺟﺄﺘﺴﳌا تارﺎﻘﻌﻠﻟ ﺔﺒﺴ ﺔﻛﻮﻠﻤﳌا ﺔﺒﺴ ﺑ

ﻢﻴﻴﻘﺘﻟا ﻞﻴﻠﺤﺗ30

ﻢﻴﻴﻘﺘﻟا ﻞﻴﻠﺤﺗ31

رﺎﻘﻌﻟا ﻢﺳا

ﺪ ﺄﺘﻟا ة ﻓ ﺔﻤ ﻘﻟا

ﻤ ﻘﻟاﺪ ﺄﺘﻟا مﺪﻋ ﻞﻇ ﺔ

ﺔﻤ ﻘﻟا ﺎﻤﺟا

سﺰ ﻟ ضﺮﻌﻣ ﺼﺨﺘﻟا

ﺲﻜﻨﻴﺟ رﺬﻌﻤﻟا ‐

ﺔ ﺪﻤﺤﻤﻟا ج ﺑ

ﺲﻜﻨﻴﺟ ﻊﻴ ﻟا ﺒﻣ

ﺔﻓﺎﺤﺼﻟا ﺒﻣ1

ﺔﻓﺎﺤﺼﻟا ﺒﻣ2

ﺮﺋﺎﺤﻟا تﺎﻋدﻮﺘﺴﻣ

ﺴﻟا تﺎﻋدﻮﺘﺴﻣ

ﻊﻴ ﻟا ﺔﻌﻔﻨﻣ

بﺎ ﻀﻟا ﺔﻌﻔﻨﻣ

سﺪﻘﻟا ﺔﻌﻔﻨﻣ

ﻟ يداو ﺔﻌﻔﻨﻣ

ﺎﻳﻧﺎﻳﺑ

ﻢﻴـــــﻘﳌا ﺪـــــﺟو ﺔـــــﻳﺎ ﺑ ﻢﻴـــــﻴﻘﺘﻟا ـــــ ضﺎـــــﻔﺨﻧا كﺎـــــﻨ نأ

ﻣ ﺔـــــﻔﻠﺘﺨﻣ بﺎﺒـــــﺳﻻ ﺪـــــﺋﺎﻋ اﺬـــــ و

ن ـــﺑ ﺎـــﻣ ﺔـــﻧرﺎﻘﻣ ﻢﻴـــﻘﻟا ﻼﻴـــﻠﻗ ﺎـــﻌﺘﺗ ن ـــﺣ ـــ دﻮـــﻘﻌﻟا ﺾـــﻌ ﻢﻴـــﻗ ـــ ﻐﺘﺑ ﺔـــﻄﺒﺗﺮﻣ ﻞـــﻣاﻮﻌﻟ ﺔﻓﺎـــﺿﻻﺎﺑ ﺎ ﻗﺎﻘﺤﺘـــﺳا ﺪـــﻴﻋاﻮﻣ ـــ ﺎﳌا مﺎـــﻌﻟا ﻦـــﻣ ة ـــ ﻔﻟا ﺲﻔﻨـــﺑ ﺔـــﻧرﺎﻘﻣ ضﺎـــﻔﺨﻧا كﺎـــﻨ ﺔﻠـــﺼ ا ـــ و ، مﺎـــﻌﻟا اﺬـــ ﻒـــﺼﺘﻨﻣ و ـــ ﺎﳌا مﺎـــﻌﻟا ﺔـــﻳﺎ

ﻦﻣ ﺖﻀﻔﺨﻧا ﺚﻴﺣ585.6

ﺼﺘﻨﻣ نﻮﻴﻠﻣ ﻒ

ﻊﻣ ﺔﻧرﺎﻘﻣ 2018579.4

ﻒﺼﺘﻨﻣ 2019

ﺪ ﺄﺘﻟا مﺪﻋ ﻞﻇ ﺔﻤ ﻘﻟا

ﺔﺛﻼﺜﻟا تﺎﻤﻴﻴﻘﺘﻟا ﺔﻤﻴﻘﻟا ﺔﻧرﺎﻘﻣ

ﺲﻜﻨﻴﺟ رﺬﻌﻤﻟا

ﻌﻔﻨﻣ ﻟ يداو ﺔ

ﻦﻳﺪﻤﺘﻌﳌا ن ﻤﻴﻘﻤﻠﻟ ﻚﻟذو

ﮫ ﻮﻨﺗ

ﺪﻟ ﺮ ﻈﺗ

ﻢﻴﻴﻘﺘﻟا لوﺰﻧ ﻆﺣﻼﻳ12

ادﺪﺠﻣ عﺎﻔﺗرﻼﻟ ﺔﻤﻴﻘﻟا تدﺎﻋ ﺎﻤﻴﻓ ، ﺪﻘﻌﻟا ﺺﻗﺎﻨﺗ6

داﺮﻳﻻا قﺎﻘﺤﺘﺳا ﺦرﺎﺗ بﺮﻘﻟ ادﺎﻨ ﺳا 2019

ﻊﻴﺮﻟا

إ ﻞﺼﺘﻟ رﺎﻘﻌﻟا ﺔﻤﻴﻗ ﻢﻴﻘﺘﻟا نﻮﻴﻠﻣ54

إ لو ﻟا دوﺎﻌﺘﻟ و يﻮﻨﺴﻟا ﻢﻴﻴﻘﺘﻟا ﺎﺒﺮﻘﺗ نﻮﻴﻠﻣ 55.553.7

ﺪﻘﻌﻟا ﺺﻗﺎﻨﺗ و قﺎﻘﺤﺘﺳﻻا ﺪﻴﻋاﻮﻣ ﺐ ﺴ نﻮﻴﻠﻣ

ﺔﻳﺪﻤ ا

رﺬﻌﳌا

ﺎﻌ ﻮﻨﺗ ﺔﻈﻔ ا تارﺎﻘﻌﻟا ﻛا رﺎﻘﻌﻟ ا

إ ﺎ ﻟﺎﻐﺷا ﻊﻔﺗراﺸﻟا و ضرﺎﻌﳌا و ﺐﺗﺎ ﳌا ﻦﻣ عﻮﻨﺘﻣ ﮫﻧﺄﺑ رﺎﻘﻌﻟا اﺬﻤﺘﻳ و %87

ﻦﻣﺰﻟا روﺮﻣ ﻊﻣ لﺎﻐﺷﻻا لﺪﻌﻣ ﻋ ـﻟ يﻮﻨﺴﻟا ﻢﻴﻴﻘﺘﻟا ﻊﻔﺗرا ﺪﻘﻓ

دوﺎﻋ ﺎﻤﻴﻓ يﻮﻨﺴﻟا ﻒﺼﻨﻟا ﻊﻣ ﺔﻧرﺎﻘﻣ 2018

2018 مﺎﻌﻠﻟ يﻮﻨﺳ ﻒﺼﻨﻟا ﺎﻨﻤﻴﻴﻘﺘﺑ

بﺎﺒﺳﻻ

ﺎﺘﻟا ﻮﺤﻨﻟا دﻮﻘﻌﻟا ﺦراﻮﺗ و قﺎﻘﺤﺘﺳﻻا ﺪﻴﻋاﻮﻤﺑ ﺔﻄﺒﺗﺮﻣ

ﻻا ﺔﻓﺎ ﻟا ﺒﻣلو

ﻲ ﺎﺜﻟا ﺔﻓﺎ ﻟا ﺒﻣ

ﻊﻴﺮﻟا ﺔﻌﻔﻨﻣ

بﺎﺒﻀﻟا ﺔﻌﻔﻨﻣ

سﺪﻘﻟا ﺔﻌﻔﻨﻣ

ن ﻟ يداو ﺔﻌﻔﻨﻣ

ﺴﻟا

ﺮﺋﺎ ا تﺎﻋدﻮﺘﺴﻣ

ﻌﻟا دﺪﻣ :دﻮﻘ

ﺎــــــــــــــــــــــ ﻠﻋ تادﺎــــــــــــــــــــــﺰﻟاو ﺎ دﺪــــــــــــــــــــــﻣ تارﺎــــــــــــــــــــــﺠﻳﻻا ﺦراﻮــــــــــــــــــــــﺘﻟ ﺮــــــــــــــــــــــﳌا ﻂــــــــــــــــــــــﺳﻮﺘﻤﻠﻟ ادﺎﻨ ــــــــــــــــــــــﺳا ﻚــــــــــــــــــــــﻟذو تارﺎــــــــــــــــــــــﻘﻌﻟا لﺎـــــــــــــــــــــﺮﻟا ﺔـــــــــــــــــــــﻤﻴﻗ ﺎ ﺪــــــــــــــــــــﻨﻋ ىوﺎـــــــــــــــــــــﺴ ﺗ ﺔــــــــــــــــــــﻟدﺎﻋ ﺔـــــــــــــــــــــﻤﻴﻗ ﺎــــــــــــــــــــ رﺎﺒﺘﻋﺎﺑ ﺔـــــــــــــــــــــﻴﻟﺎﳌا ﺎــــــــــــــــــــ ﻤﻴﻘﻟ ﺔﺒـــــــــــــــــــــﺴ ﻟﺎﺑ ﺎــــــــــــــــــــ ﺤﻴﺟﺮﺗو

ﻳ ﺎﻤﻛ ﺖﻧﺎ و ﻦﺮﺟﺄﺘﺴﳌا دﺪﻌﺘﻣ

34;) 40,1.