Slide 1: Boursa Kuwait Analyst/Investors Conference Presentation Cover Letter
qabanee To: Boursa Kuwait Company Subject: Analyst/Investors Conference Presentation for the 2026/05/06: Date ~ yl!) 2026/\2R2/agh + Ref. Lay 1gSl dio 92 AS / BoLul oppot_iol/cplleeh! ye 1 ogut ill yoy all pg gl! Q1-2026 As per requirements stipulated in article No. (7-8) “listed company obligations
Slide 2: Mabanee Investor Presentation For Q1 2026
Mabanee Investor Presentation For Q1 2026
Slide 3: Disclaimer
DISCLAIMER The information set out in this presentation and provided in the discussion subsequent thereto does not constitute an offer, an agreement, or a solicitation of an offer to buy or sell securities. It is solely for use at an investor presentation and is provided as information only. This pr
Slide 4: Index
INDEX 4 COMPANY PROFILE AND ASSETS UNDER MANAGEMENT 5 PERFORMANCE HIGHLIGHTS 6 OPERATIONAL PROJECTS 10 PROJECTS UNDER DEVELOPMENT 15 PROJECT TIMELINES 17 ESG HIGHLIGHTS 20 FINANCIAL HIGHLIGHTS MABANEE 2026 QUARTERLY RESULTS
Slide 5: Company Profile & Assets Under Management
COMPANY PROFILE & ASSETS UNDER MANAGEMENT Company Name Mabanee Company K.P.S.C. Established 1964 Headquarters Kuwait Mall Hotel Residential Office Space Stock Exchange Boursa Kuwait GLA SQM Keys Unit GLA SQM Listing Listing Date 1999 Current 444,000 777 597 4,315 Shareholder’s KWD 724 million ($ 2.3
Slide 6: Performance Highlights
PERFORMANCE HIGHLIGHTS Strong Group KD 33.19mn KD 22.66mn KD 16.81mn performance 2025 - KD 34.12mn -2.7% ▲ 2025 - KD 22.04mn +2.8% ▲ 2025 - KD 33.41mn ▲ -49.7% • Revenue • Adj. EBITDA • Net Profit • Geopolitical volatility absorbed with limited impact on core retail – Regional developments led to a
Slide 7: Operational Projects
OPERATIONAL PROJECTS MABANEE 2026 QUARTERLY RESULTS Page 6
Slide 8: Alrai Real Estate's Operational Projects – Kuwait
ALRAI REAL ESTATE’S OPERATIONAL PROJECTS – KUWAIT The Avenues ALRAI OWNERSHIP Mabanee 100% Asset Class Super Regional Mall Development Operational Status Opening Date 2007- 2018 • Operating performance at The Avenues remained resilient during the period, with occupancy sustained at 97% and core Land
Slide 9: Alrai Real Estate's Operational Projects – Kuwait (Hotels)
ALRAI REAL ESTATE’S OPERATIONAL PROJECTS – KUWAIT HILTON GARDEN INN AND Hilton Garden Inn WALDORF ASTORIA OWNERSHIP Waldorf Astoria Mabanee 100% • Hospitality performance was impacted during the period, with March experiencing softer demand following airport Asset Class 4 Star Hotel Asset Class 5 St
Slide 10: Sorouh's Operational Projects – Bahrain
SOROUH’S OPERATIONAL PROJECTS – BAHRAIN SOROUH OWNERSHIP The Avenues Hilton Garden Inn Mabanee 35% 65% Other Partners • At The Avenues Bahrain, the mall experienced a decline in footfall during March, reflecting heightened regional Asset Class Regional Mall Asset Class Hotel disruption and the tempo
Slide 11: Projects Under Development
PROJECTS UNDER DEVELOPMENT MABANEE 2026 QUARTERLY RESULTS Page 10
Slide 12: Mabanee's Projects Under Development – Kuwait
MABANEE’S PROJECTS UNDER DEVELOPMENT – KUWAIT HILTON KUWAIT RESORT AND SOUQ SABAH & HAMPTON Hilton Kuwait Resort Souq Sabah & HOTEL OWNERSHIP Hampton Hotel Mabanee 100% • Hilton Kuwait Resort refurbishment Project, developed in collaboration with the Touristic Enterprise Company, aims to upgrade and
Slide 13: J3's Projects Under Development – Kuwait
J3’S PROJECTS UNDER DEVELOPMENT - KUWAIT J3 OWNERSHIP Aventura Mall Aventura Residences Mabanee 35% Other 65% Partners • The Public Authority for Housing Welfare (PAHW), in partnership with J3 Management & Development, is developing a mixed- use project in Jaber Al-Ahmad City comprising both residen
Slide 14: Shomoul's Projects Under Development – Saudi Arabia
SHOMOUL’S PROJECTS UNDER DEVELOPMENT – SAUDI ARABIA SHOMOUL OWNERSHIP Riyadh Khobar 27% Mabanee Other Partners 73% The The Avenues Avenues • Shomoul projects are progressing in line with the planned schedule. However, the evolving regional environment may introduce selective timing impacts, which co
Slide 15: Shomoul's Projects Under Development – Saudi Arabia
SHOMOUL’S PROJECTS UNDER DEVELOPMENT – SAUDI ARABIA The Avenues - Riyadh The Avenues – Khobar The Avenues - Riyadh Towers & Tower Asset Class Super Regional Mall Asset Class Regional Mall + Hotel + Asset Class Hotels + Service Office space Apartments (RA)+Office Space Development Development Develop
Slide 16: Project Timelines
PROJECT TIMELINES MABANEE 2026 QUARTERLY RESULTS Page 15
Slide 17: Timeline of Projects Under Development
TIMELINE OF PROJECTS UNDER DEVELOPMENT Aventura Entertainment Souq Sabah & The Avenues - Mall City Group Hampton Hotel Riyadh Towers The Avenues Riyadh’s superstructure The property is est. to This marks Mabanee’s entry in FEC The property is est. to supply have 5 towers. supply 108K sqm of GLA by t
Slide 18: ESG Highlights
ESG HIGHLIGHTS MABANEE 2026 QUARTERLY RESULTS Page 17
Slide 19: ESG Highlights
ESG HIGHLIGHTS Environmental Initiatives • FY2025 established as the new baseline for energy, water, and waste metrics, supporting consistent environmental performance tracking going forward. • The Avenues - Kuwait recorded an 11.5% reduction in total electricity consumption in Q1 2026 compared with
Slide 20: ESG Highlights
ESG HIGHLIGHTS Governance • Enhancing the integration of sustainability governance and the quality of ESG disclosures. • Completion of the Board’s composition to ensure continuity of governance and strengthen oversight effectiveness. • Enhanced information Security governance and cyber risk oversigh
Slide 21: Financial Highlights
FINANCIAL HIGHLIGHTS MABANEE 2026 QUARTERLY RESULTS Page 20
Slide 22: Financial Snapshot
FINANCIAL SNAPSHOT Excluding the impact of the one-time gain from the sale of freehold interest in a land in Kuwait recognized in the previous year, the Group’s net profit in Q1 2026 remained stable and broadly in line with the targeted range. Additionally, EBITDA was marginally above Q1 2025 reflec
Slide 23: Financial Snapshot
FINANCIAL SNAPSHOT The Group’s asset base and equity base both increased in 2026 compared to 2025. Returns on average equity and assets were consistent with previously reported quarters, but lower than Q1 2025, reflecting the one-time gain from the sale of freehold interest in a land in Kuwait recog
Slide 24: Consolidated Statement of Balance Sheet
CONSOLIDATED STATEMENT OF BALANCE SHEET Assets KD'000 Q1 2026 Q1 2025 YoY% Equity and Liabilities KD'000 Q1 2026 Q1 2025 YoY% Non-current assets Equity Total shareholder's equity 724,213 735,526 (1.5) Property and equipment 138,053 139,174 (0.8) Non-controlling interest 117,245 106,433 10.2 Investme
Slide 25: Consolidated Statement of Income
CONSOLIDATED STATEMENT OF INCOME Q1 2026 Q1 2025 Description KD'000 YoY% Actuals Actuals Investment properties revenue 28,935 28,937 (0.0) Revenue from hospitality 4,251 5,181 (18.0) Total Operating Revenue 33,186 34,118 (2.7) Investment properties expenses (6,300) (7,259) (13.2) Depreciation on inv
Slide 26: Thank You
Thank You MABANEE COMPANY K.P.S.C P.O. Box 5132 Safat l 13052 Kuwait +965 222 444 29 investorsrelations@mabanee.com www.mabanee.com