Investor Presentaiton

RE ACC Has Constructed a Strong Mall Development Business with Superior Returns High Mall Development Capabilities and Expertise Through its partnership with FARE (member of Fawaz Alhokair & Partners Co.), ACC has successfully developed 18 Malls (with the exception of Tala Mall in Riyadh, Salaam Mall in Jeddah and Salma Mall in Hail). ACC has demonstrated its ability to accurately assess changing market requirements which are important for identifying and securing attractive sites for its Malls. Strong Pre-leasing Model ACC has been able to pre-lease approximately 50% of its recent new malls 3-6 months ahead of their launch 75% 91% 70% 50% Superior Returns (YTC) 1-3 Years < 5% Av. deviation Average total delivery time From scheduled budget Favorable Lease Terms 3-4 Yrs 5-6 Yrs Av. Implied payback Av. Implied payback ~5% Escalation Clause for Line Stores 30% Leasehold 18% ~90%+ With Variable Rent Clause Freehold 3-6 months Pre-launch First Year Occupancy Current Occupancy 3-5 Years Typical Tenure for KSA Line Stores YTC-FY2020 Actual EBITDA (Net of lease expense for leasehold) divided by Total Development Cost (including land for freehold) where Total Development Cost defined as the capital expenditure incurred and the land cost Arabian Centres Company • Investor Presentation 13

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