Umm Al Qura For Development And Construction Company · TADAWUL:4325
Umm Al Qura For Development And Construction — Investor Day (July 2026)
50 slides from Umm Al Qura For Development And Construction's investor day presentation, Jul 22, 2026
Slide 1: Capital Markets Day 2026
Umm Al Qura for Development and Construction Company Capital Markets Day 2026 22 July 2026 1
Slide 2: Welcome
Welcome Abdulrahman Nassar Senior Manager – Investor Relations
Slide 3: Today's Speakers
Today’s Speakers 1 2 3 4 5 Our vision & path Growth Strategy MASAR in focus MASAR a live Financial performance destination & outlook Yasser Abuateek Moussanna ElJendi Tariq Sharaf AlShaimaa Mashat Saeed AlGhamdi Chief Executive Officer Executive Director, Chief Investment Officer Chief Destination C
Slide 4: Disclaimer
By reading this Capital Markets Day document, you recognize and agree to be bound by the following limitations :- This document has been prepared for information and background purposes only. It does not constitute or form part of, and should not be construed as, an offer of, a solicitation of an of
Slide 5: Our vision and path
1 Our vision and path Yasser AbuAteek Chief Executive Officer
Slide 6: UAQ at a Glance, from Vision to Delivery
UAQ at a Glance, from Vision to … With a clear strategic Delivery… direction established Mission Reimagine places and deliver destinations in KSA that enhances quality of life, and SAR 25.7Bn SAR 2.9Bn create lasting value for all stakeholders 2025 Total Assets (2.5% YoY) 2025 Revenue (59.2% YoY) 46
Slide 7: UAQ's journey of maturity into an operational destination and investment platform
UAQ’s journey of maturity transformed a complex urban challenge into an operational destination & investment platform UAQ incorporated and Property surveying Site clearance and MASAR Transition to execution, slum-transformation and expropriation infrastructure comprehensive title investment and laun
Slide 8: UAQ navigated real estate's critical risks into competitive advantage
Along the way, UAQ navigated real estate’s most critical risks and converted them into competitive advantage Key Real Estate Risk UAQ’s Mitigation Approach • Differentiated offering near the Haram creates a distinct advantage Supply • Completed infrastructure enables phased development and faster mo
Slide 9: MASAR demonstrates UAQ's ability to create lasting destination value
MASAR demonstrates UAQ’s ability to create lasting destination value 74 100% Total plots agreed Completion of major to develop (19 in 2025) infrastructure works 30+ 36.5% Strategic Percentage of lands partnerships activated / actioned Advanced ESG 85% Embedded in UAQ’s Achieved in first GRESB cultur
Slide 10: Repeatable value-creation engine converting destinations into investment platforms
UAQ journey created a repeatable value-creation engine that converts destinations into scalable investment platforms 1 Infrastructure Creates readiness & access 6 2 Brand Equity Partners Strengthens investor & Bring capital, expertise operator pull & brands Value Creation 5 Engine 3 Expansion Destin
Slide 11: Transition from a single destination into a scalable urban development platform
Today marks UAQ’s transition from a single destination into a scalable urban development platform 2030+ Foundation • MASAR operational & commercially proven • Core infra. & destination capabilities established • Listed platform with stronger access to capital 2026 Strategic Evolution by 2030 2021 •
Slide 12: Growth Strategy
Growth Strategy 2 leveraging market momentum and unique capabilities Moussanna El Jendi Executive Director, SPMO
Slide 13: Strategy anchored in Vision 2030 and government initiatives
UAQ’s strategy is anchored in Vision 2030 and reinforced by government initiatives Key Initiatives Supporting Real Estate Sector Quality of life Regional & Urban development Non-exhaustive
Slide 14: Saudi Arabia's diversifying economy deepening demand for real estate and construction
Saudi Arabia’s diversifying economy is deepening structural demand for real estate and construction KSA real GDP ( Tn) RE and Construction ( Bn) CAGR 8.6% FY30E 5.9 Government 1084 Oil CAGR 15.0% 23.0% 4.2% 662 665 FY25 FY25A 4.8 ( 4.5 tn)* 400 419 FY24A 4.7 262 62.0% Non-oil FY24A FY30F FY23A 4.
Slide 15: Structural demand continues to outpace supply across Makkah
Structural demand continues to outpace supply, supporting attractive long-term growth opportunities across Makkah Hospitality market demand and supply Residential market cumulative supply Retail market supply & demand (Room nights in mn) and demand gap (2023 – 2030) (GLA sqm in 000’s) 24k units need
Slide 16: UAQ positioned at convergence of three structural growth drivers
UAQ is positioned at the convergence of three structural growth drivers 1 2 3 Foreign ownership Pilgrim growth Government-led reform expands reinforces recurring urban investment investor access demand unlocks new growth New regulations broaden the Eased Umrah visa policies Coordinated regeneration,
Slide 17: UAQ delivered its 2021 strategy and is defining the next 5-year horizon
UAQ set and delivered an ambitious 2021 strategy and is now focusing on defining its next 5-year growth horizon Strong delivery on its 2021 ambition (non-exhaustive) Development (Portfolio scale, capabilities) 100% 30+ UAQ Maturity Completion of Strategic partnerships Established MASAR MASAR’s major
Slide 18: The Western Region is UAQ's natural growth corridor
The Western Region is UAQ’s natural growth corridor Pilgrimage ~19.5 Mn+ ~18.5 Mn 100+ 1.3m+ Momentum Pilgrims & Umrah performers in Pilgrims & Umrah performers in Nusuk digital services Makkah Route beneficiaries 2025 2024 since launch Jeddah Madinah Tourism 123 Mn 304 Bn 29.3 Mn 150 Mn Momentum To
Slide 19: Strategy grounded in capabilities and market dynamics
Strategy is grounded in clear understanding …supported by key of its capabilities & market dynamics … guiding principles UAQ’s capabilities Market dynamics1 Maintain customer-centricity (end-users & investors) Offering Hospitality Proven infrastructure delivery and destination experience shaping O
Slide 20: Strategic priorities across dimensions
Accordingly, strategic priorities outlined across 4 dimensions for UAQ to provide flexible growth opportunities Dimension Product offering Geography Segment Scale Destination Makkah Affordable-led (focus on affordable-led segment with (MASAR extension) Strategic options opportunistically on other se
Slide 21: Development management model with flexibility to adopt Master-developer model
To support growth, UAQ will focus on development management model with flexibility to adopt a Master-developer model Development manager Master-developer with skin in the game Limited capital contribution while Significant capital contribution to Description leveraging proven infra & development lea
Slide 22: Structured approach favoring a development manager model
UAQ will decide on the most suitable model based on a structured approach, that favors a development manager model 1 2 3 4 Opportunity Opportunity Ambition in Suggested Detailed decision maps will attractiveness type the project model support each step, aligned with UAQ’s existing internal policies,
Slide 23: Refreshed strategy sets platform for a multi-destination leader
Refreshed strategy sets the platform to transition UAQ to a scalable, multi-destination leader Foundation Portfolio building Sustained growth (MASAR) (current strategy) (long-term vision) (Portfolio scale, capabilities) UAQ Maturity Regional expansion MASAR operationalization Previous strategy Curre
Slide 24: MASAR – in focus
3 MASAR – in focus Tariq Sharaf Chief Investment Officer
Slide 25: MASAR a destination built at unmatched scale
MASAR a destination built at unmatched scale 1.25 Mn 5.8 Mn 203K+ Square-Meters of Total Square-Meters of Square-Meters of Gross Project Area Gross Floor Area retail leasable area 100% 40 Bn+ 363K Completion of Major of investment Meters of Total Road Infrastructure Works attracted Network Length
Slide 26: UAQ's trusted ecosystem enabled SAR 40Bn+ of private-sector investment
UAQ’s trusted ecosystem enabled SAR 40Bn+ of private- sector investment into MASAR Non-Exhaustive Trusted relationships with key stakeholders Proven platform attracted SAR 40Bn+ 26
Slide 27: MASAR unique mixed-use community in an unparalleled location
MASAR created a unique mix-use community experience in an unparalleled location Asset Type Mix (%) Plots (#) Units (#) GFA (sqm) 203 5.8Mn Hospitality 64% 110 ~41K 3.7Mn Residential 29% 68 ~10K 1.7Mn Investment Total GFA Retail 5% 22 - 0.3Mn Plots (sqm) Healthcare 2% 3 - 0.1Mn 27
Slide 28: MASAR's monetization model balances cash generation and long-term value
MASAR’s monetization model balances cash generation and long- term value through diversified, low-risk revenues Development Strategy Diversified Infrastructure Optimal capital Strategic Integrated Drivers offering ready structure partnerships masterplan Self Land Sales Land Lease Joint Ventures Deve
Slide 29: Strong early monetization momentum
Strong early monetization momentum… Zone 3 Zone 2 Zone 1 Sold / Leased Reserved SAR ~35k / sqm* SAR ~65k / sqm SAR ~112K / sqm Sold 18 11 16 45 Leased 23 0 4 27 Self-Developments 2 0 6 8 Joint Ventures 1 0 0 1 Disclosed Pipeline* 7 6 3 16 Remaining Plots 7 64 35 106 Total 58 81 64 203 As of end of J
Slide 30: Foreign ownership reform expands addressable market and financing opportunities
Foreign ownership reform expands UAQ’s addressable market and unlocks new financing opportunities Key execution enablers Impact Designated ownership zones approved • Increase the depth of our addressable market Geographic scope framework established by expanding the potential buyer, investor Investo
Slide 31: Anchor self-development assets to be operational in 2029 (1/2)
Anchor self-development assets to be operational in 2029 (1/2) Package A On-Track For Delivery 6 4 2 Development plots Towers Commercial centers 1.1K+ 300+ 23K+ Hotel Keys Serviced Gross retail apartments leasable area (sqm) Operators: 31
Slide 32: Anchor self-development assets to be operational in 2029 (2/2)
Anchor self-development assets to be operational in 2029 (2/2) Package B On-Track For Delivery 2 3 1.4K+ Development Towers Hotel plots Keys AlHaramain Train ~2K Station direct pedestrian Gross retail connection leasable area (sqm) Operator: 32
Slide 33: MASAR Gardens as next growth opportunity
MASAR Gardens builds on UAQ’ momentum as next growth opportunity 1.2 Mn 210 140K Square-Meters of Total Mixed-use Square-Meters of Project Area Development Plots Green Spaces 8Km 17Km Pedestrian Pathways Cycling Tracks Under a management development model
Slide 34: MASAR, a live destination
4 MASAR, a live destination Al Shaimaa Mashat Chief Destination Management Officer
Slide 35: Seasonal pilot activations since Ramadan 2026
UAQ has launched seasonal pilot activations since Ramadan 2026 Delivered through a managed-access model via the Masar App سويقة مسجد الملك عبد هللا مطعم نية Soueqa King Abdullah Mosque Niyyah Restaurant محطة الحرمي 3 محطة حافالت مسار الحرم Al Haramain Station Bus Station 3 Masar AL Haram
Slide 36: MASAR Ramadan & Hajj 2026 Pilot key figures
MASAR Ramadan & Hajj 2026 Pilot key figures 213K Ramadan Pilot, 30 days Vehicles 74K Hajj Pilot, 8 days Vehicles ~90% Rated overall experience “very good” across all user segments of Users Figures reflect controlled pilot participants only and do not represent the destination’s full operational capa
Slide 37: One Platform. Multiple Products. Unlimited Scalability
One Platform. Multiple Products. Unlimited Scalability MASAR APP Park & Ride Niyyah Restaurant Soueqa Discover local & global brands, shop Book your parking, plan your arrival, Reserve your table and indulge in a seamlessly and get it delivered and enjoy a smooth journey curated dining experience Ac
Slide 38: Financial performance and outlook
Financial performance 5 and outlook Saeed Al Ghamdi Chief Financial Officer
Slide 39: Diversified asset base enables multiple complementary return streams
UAQ’s diversified asset base and track record enable multiple, complementary return streams Type Project Profitability Project Returns Development Strategy Residential Land sale Hospitality Land lease UAQ Project EBITDA Asset returns returns Retail, Office, Self Healthcare development Ancillary Join
Slide 40: Track record of consistent execution and performance
UAQ’s track record demonstrates consistent execution and performance Asset base – Book Value Revenue Gross Profit Profit SAR 2.9 bn SAR 1.4 bn SAR 0.98 bn 25.7bn +62% +97% +61% 1.36 23,212 0.983 2.9 0.84 1.8 0.499 FY 2024 FY 2025 FY 2024 FY 2025 FY 2024 FY 2025 25,060 Balance sheet discipline 5% D
Slide 41: Existing portfolio provides scalable growth and revenue visibility
Existing portfolio provides scalable growth and long-term revenue visibility 2026-2030 Revenues Outlook Composition Monetization of infrastructure-ready plots at Land sales independently appraised market values, supported SAR 16-22 Bn by strong reservation demand From existing (Fakeeh Hospital), Rev
Slide 42: Disciplined capital deployment: capex outlook
Disciplined capital deployment will balance reinvestment in MASAR with funding UAQ’s next phase of growth MASAR 2026-2030 Capital Expenditure Outlook SAR 5 Bn Primarily packages A+B Balanced funding strategy with New Projects 2026-2030 Capital Expenditure Outlook equity injections from MASAR SAR 3 –
Slide 43: Committed facilities secure funding with distributed repayment profile
Committed facilities secure the required funding with a well- distributed repayment profile Debt Repayment (SAR Bn) SAR 16.2bn Total borrowing limit 2 Years 0.4 SAR 7.4bn Facility drawn 3-5 Years 4.4 SAR 8.8bn 5 + Years 2.6 Facility headroom Notes: Debt position as of 31 March 2026 43
Slide 44: Prudent balance sheet provides capacity to fund growth
A prudent balance sheet provides the capacity to fund growth responsibly Debt / Total assets 29% Within Limit (≤ 50%) Parameters are capped at the lower of the two leverage Debt / Equity thresholds 0.46x Within Limit (≤ 1x) Notes: Debt position as of 31 March 2026 44
Slide 45: Robust investment criteria direct capital to attractive opportunities
Robust investment criteria ensure capital is directed toward the most attractive opportunities IRR Return realization Value creation Strong IRRs are achieved by Careful selection of Leveraging MASAR and UAQ optimizing mix of offerings, projects and phasing to brand equity, proven land value uplift,
Slide 46: Fair-value recognition unlocked a 70% uplift in land book value
Fair-value recognition has already unlocked a 70% uplift in land book value Book value to FV of Land bridge (SAR Bn, as of 31 December 2025) 2.1 37.9 1.5 13.9 20.4 Land book value Δ FV Investment Δ FV Development Δ FV Property & Land fair value properties properties equipment Note: Land book value i
Slide 47: MASAR's proven platform anchors growth with disciplined capital allocation
MASAR’s proven platform anchors growth, while diversified revenues and disciplined capital allocation drive long-term value MASAR remains the core growth engine • MASAR remains the core value driver, expanding its platform and capabilities • Capital recycling from MASAR into new growth opportunities
Slide 48: Wrap up
6 Wrap up Yasser AbuAteek Chief Executive Officer
Slide 49: MASAR platform sets the foundation for growth
MASAR platform sets the foundation for growth Outcome Near-term cash generation and scalable long-term value creation Structural demand Low risk MASAR Scalable growth Financial discipline foundation platform platform and value unlock Investment thesis pillars • Permanent pilgrimage-led • Core infr.
Slide 50: Thank You!
Thank You! 50
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