Investor Presentaiton

Near-Term Pipeline Total c.309k sqm GLA Addition c.70% Pre-let as of June 2020 Location Jeddah Park U Walk Nakheel Mall Dammam Nakheel Extension 1 Khaleej Mall* Ownership Leasehold GLA (sqm) UWALK April 2021* 85% 128,740 c. 52,000 Now Op September 2019 September 2019 100% 97% (1) Leasehold Jeddah Riyadh pen c. 61,000 Freehold Dammam Now Open 100% Pre-lease Status 60% % Completion(2) Target Opening Date Riyadh Riyadh Leasehold c. 52,000+16,000 extension 70% 90% Freehold c. 51,000 50% 67%* KHALEEJ September 2020* September 2021* Expected Yield on Cost(3) 7237 1) 2) Based on heads of terms agreed with tenants Based on billing as of 10-Apr-2019 3) 4) * +500% (cash payback<1 year) 15%-20% Expected Yield on Cost is derived on the basis of stabilized expected 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 Percent of completion of construction works at Khaleej Mall has been revised downwards to reflect an increase in the total project value as a result of an additional parking lot, a redesign of the food court to incorporate additional entertainment areas under an integrated concept, the provision of greater visibility through the mall façade, and the construction of additional terraces on the ground and first floors. Jeddah Park delayed from April 2020 due to uncompleted construction works from the landlord side, while Nakheel Extension1 delayed from January 2020 due to stoppages associated with covid-19 lockdown measures, and Khaleej Mall delayed from December 2019 due to further re-design of the first floor's façade adjacent to a new megaproject. Khaleej Mall delayed from August 2021 due to reasons discusses in [3]. Arabian Centres Company • Investor Presentation 38

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