SALHIA REAL ESTATE CO.

Q1-2024

Results Presentation

Period Ended 31-March-24

Disclaimer / Disclosure / Forward Statement

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 presentation has been prepared by, and is the sole responsibility of Salhia Real Estate.

The information herein may be amended and supplemented and may not as such be relied upon for the purpose of entering any transaction. This presentation may not be reproduced, distributed or transmitted without the Company's prior written consent. All projections, valuations and statistical analyses are provided to assist the recipient in the evaluation of the matters described herein. They may be based on subjective assessments and assumptions and may use one among alternative methodologies that produce different results and therefore should not be relied upon as an accurate prediction of future performance.

Salhia Real Estate Co. is under no obligation to update the information contained herein. No person shall have any right of action against the Company or any other person in relation to the accuracy or completeness of the information contained in this presentation. No person is authorized to give any information or to make any representation not contained in and not consistent with this presentation, and if given or made, such information or representation must not be relied upon as having been authorized by or on behalf of the company. Certain statements in this presentation may constitute forward-looking statements.

These statements reflect the Company's expectations and are subject to risks and uncertainties that may cause actual results to differ materially and may adversely affect the outcome and financial effects of the plans described herein. You are cautioned not to rely on such forward-looking statements. The company does not assume any obligation to update its view of such risks and uncertainties or to publicly announce the result of any revisions to the forward-looking statements made herein

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CONTENT 16

Q1 - 2024

21

28

Performance Highlights

Local Investments

Foreign Investments

Financial Performance

Appendix3

Group Perfomance

KD 11.16 M

KD 8.18 M

KD 2.87 M

+ 14%

+ 31%

- 24%

Revenue

EBITDA

Net Profit

Performance

Highlights

Q1-2024

Business Highlights

  • Decrease in Net Profit due to depreciation & Finance cost Increase
  • Continued commitment to strategy execution.
  • Efficiency in under development project execution.
  • Commitment towards Salhia's Shareholders.

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LOCAL INVESTMENT'S

LOCAL INVESTMENT

SALHIA

  • Salhia Complex
  • Sahab Tower
  • Salhia Plaza
  • JW Marriot Hotel
  • Anwar Al Sabah Property

ARRAYA

  • Arraya Commercial Centre
  • Arraya Plaza
  • Arraya Tower
  • Marriot Courtyard Hotel
  • Convention Hall

ASSIMA

  • Assima Complex
  • Assima Tower
  • Marriot Executive Apartments (MEA)

Salhia International Entertainment Center (SIEC)

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General Knowledge

S A L H I A

92,375

56,775

100%

98%

SQM

SQM

Built Up

Gross Leasable

Q1 -24 Office

Q1 -24 Store

Area

Area

Occupancy

Occupancy

Salhia Complex

  • 1st luxury mall in Kuwait since 1978.
  • 26,857 square meters of space for commercial offices.
  • Home to several high-end brands, and one of the region's most opulent and sophisticated commercial complexes.

Sahab Tower

  • 20 story tower connected to Salhia Complex.
  • 100% full occupancy rate from both foreign and national businesses.
  • Commercial spaces occupied by well known brands.
  • Built Up Area SQM - 11,148 & Gross Leasable Area - 10,750

7

General Knowledge

JW

MARRIOT

33,323

181

2024

2

SQM

Built Up Area Number of

Expected

Number of

Rooms

Opening

Restaurants

JW Marriot

  • JW Marriott is in the center of Kuwait City's business and financial district.
  • Connected to Salhia Complex & near well-known retail centers.
  • Targeted Opening late 2024
  • Operated by Marriot International

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Salhia Real Estate Company KSCC published this content on 16 May 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 May 2024 11:13:01 UTC.