United Real Estate Company · KSE:URC
United Real Estate — H1 2026 Earnings Presentation
27 slides from United Real Estate's earnings presentation, Aug 16, 2026
Slide 1: H1 2026 Analyst/Investor Presentation
H1 2026 Analyst/Investor Presentation
Slide 2: Disclaimer
Disclaimer Disclaimer The information contained in this presentation is provided by United Real Estate Company K.S.C.P. (the “Company” or “URC”) or any person on behalf of the Company, (the “Information”). This presentation has been made for informational purposes and does not involve an invitation
Slide 3: Table of Contents
Table of Contents Overview Table of Contents Key Developments Financial Performance ESG Update
Slide 4: Overview
Overview United Real Estate Co | URC eco
Slide 5: United Real Estate Company (URC) is a leading property developer shaping the urban landscape
United Real Estate Company (URC) is a leading property developer shaping the urban landscape in Kuwait and the wider region. The company delivers high-quality residential, commercial, hospitality, and mixed-use developments, consistently demonstrating a strong commitment to quality and innovation. U
Slide 6: Key Facts & Figures
Key Facts & +50 YEARS Figures +50 3 Bn YEARS + 1973 USD Established in Of Legacy and Growth Assets under Management (1) 1984 395 M n 5.9 Mn KD SQM Listed in Boursa Kuwait Market Capitalization (2) Total Plot Area of URC Developments & Lands +60 Total Number of Projects BBB - Credit Rating (3) 68% KI
Slide 7: Our Footprint & Business Segments
Our Footprint Business Segments Our Footprint & Business S egments Lebanon Jordan Kuwait Bahrain UAE Morocco Oman Saudi Arabia Egypt Rental operations Hospitality operations Real Estate development Contracting and services Total Leasable area and Property trading 1,100 Keys UBC and UFM 223K SQM 7
Slide 8: Current Portfolio - Kuwait
Current Portfolio - Kuwait KIPCO Tower Marina World Hessah District City Tower Al-Shaheed Tower Al-Maseel Al Mutahida Kuwait Kuwait Kuwait Kuwait Kuwait Kuwait Kuwait 8
Slide 9: Current Portfolio - Regional
Current Portfolio - Regional Current Portfolio - Regional Abdali Mall Gardens Mall & Hotel Waldorf Astoria Hotel Hilton Heliopolis Hotel Raouche View Tower Assoufid Golf Course Jordan Oman Egypt Egypt Lebanon Morocco 9
Slide 10: Key Developments
Key Developments Key Developments
Slide 11: Sharq Waterfront
Sharq Waterfront Sharq Waterfront Originally established in 1998 as a cornerstone of Kuwait’s urban revival, Souq Sharq continues to evolve as a premier waterfront destination. Spanning approximately 74,685 sqm, the development blends heritage with modern lifestyle offerings in a vibrant, pedestrian
Slide 12: Plot 42 - Luxury Residential Tower
Plot 42 - Luxury Residential Tower Plot 42 - Luxury Residential Tower Set in a prime location in the coveted Hessah Al Mubarak District, this 40-storey architectural masterpiece redefines luxury living along the Arabian Gulf. With only one private residence per floor, each home offers unmatched priv
Slide 13: NOBU Hospitality Project
NOBU Hospitality Project NOBU Hospitality Project The first Nobu Residences and Restaurant in Kuwait will open its doors at Hessah Plaza, a vibrant, walkable retail and dining destination within Hessah District Project. The development will feature the signature Nobu restaurant, a ballroom, and 90 e
Slide 14: Hessah District Mixed-Use
Hessah District Hessah District Operations started in retail and F&B segment of Hessah’s business district, Hessah PLAZA and Hessah HUB. Over 90% of construction is completed in Hessah Work, Hessah Suites and Hessah Health (Targeted completion by end 2026). Construction of residential components hav
Slide 15: S5 - Sabah Al Ahmad
S5 - Sabah Al Ahmad S5 - Sabah Al Ahmad Jira Gardens spans three plots located within Sabah Al Ahmad City, 65 kilometers south of Kuwait City. Designed as a third space rather than a traditional park, the development bridges community and commerce through a combination of retail, F&B, drive-throughs
Slide 16: Masirah Island, Oman
Masirah Island, Oman Masirah Island, Oman An integrated tourism complex in Masirah province, Oman, the project includes hospitality, residential, and commercial components, envisioning a vibrant community destination that celebrates the island’s natural beauty, culture, and way of life. Rooted in tr
Slide 17: Sharm Al Shaikh Resort
Sharm Al Shaikh Resort Sharm Al Shaikh Resort Introducing an exceptional destination resort in the heart of Sharm El Sheikh, featuring a five-star hotel with over 330 elegantly designed hospitality units, along with branded residential units, retail offerings, and a high-end beach club. Set against
Slide 18: Financial Performance
Financial Performance Financial Performance
Slide 19: Financial Performance: H1 2026 Revenue
Financial Performance: H1 2026 Financial Performance: H1 202 6 Revenue KD Mn Revenue by Geography (%) Revenue by Segment (1) (%) 0.9% 3% 3% 3% 1% 5% 49.0 49.5 17% 46% 14% 74% 34% Real estate services and contracting Rental operations H1 2025 H1 2026 Kuwait Egypt Jordan Oman Lebanon Morocco Hospitali
Slide 20: Financial Performance: H1 2026 Gross Profit
Financial Performance: H1 2026 Financial Performance: H1 202 6 Gross Profit KD Mn Gross Profit by Segment (1) (%) +2.7% 1% 10% 16.6 17.0 73% 16% Rental operations Real estate services and contracting H1 2025 H1 2026 Hospitality operations Real estate development and trading • Increase in gross profi
Slide 21: Financial Performance: H1 2026 Operating Profit and Net Profit
Financial Performance: H1 2026 Financial Performance: H1 202 6 Operating Profit KD Mn Net Profit (1) (%) 25% 27% 9.0% 6.3% +10.2% (29.7%) 13.5 12.2 4.4 3.1 H1 2025 H1 2026 H1 2025 H1 2026 Margin % • Increase in Operating profit was primarily due to increase in gross profit, higher forex gain and low
Slide 22: Financial Performance: H1 2026 Total Assets
Financial Performance: H1 2026 Financial Performance: H1 202 6 Total Assets KD Mn Assets by Geography (%) Assets by Segment (1) (%) 6% 20.2% 4% 2% 5% 827 8% 16% 688 48% 14% 54% 24% 19% Rental operations Kuwait Egypt Jordan Oman Real estate development and trading Dec'2025 Jun'2026 Morocco Lebanon Ot
Slide 23: Financial Performance: H1 2026 Gross Debt
Financial Performance: H1 2026 Financial Performance: H1 202 6 Gross Debt KD Mn Gross Debt by Type (%) Shareholder’s Equity (%) (1.0%) 6% 2.0% 360 356 207 203 94% Dec'2025 Jun'2026 Non-Current Current Dec'2025 Jun'2026 • URC continues to gradually reduce its gross debt with KD 4 Mn reduction achieve
Slide 24: Financial Performance Ratios: H1 2026
Financial Performance Ratios: H1 2026 Key Performance Indicators H1 2025 H1 2026 Earnings per share (fils) 3.40 2.27 Book Value per share (fils) 156 147 Total Assets / Total Equity (x) 3.3x 3.9x Net Debt / Total Equity (x) 1.63x 1.60x • Reduction in Book Value per share from 156fils as of Jun’2025 t
Slide 25: ESG Update
ESG Update Banigl| Sila! asp | United Real Estate Co
Slide 26: Strategic ESG Pillars
In Q2 2026, URC published its second Sustainability Report in accordance with the Global Reporting Initiative (GRI) Standards and aligned with the United Nations Sustainable Development Goals (SDGs), New Kuwait Vision, Boursa Kuwait Index, and GCC Stock Exchange Index. URC remains committed to advan
Slide 27: Thank You
daig! Cjlioll a5 pub THANK YOU
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