Net profit for the period ended 30 June 2026 decreased compared with the corresponding period in 2025. This was primarily attributable to the one-time gain recognized on the sale of freehold land in Kuwait during the prior year, as well as weaker performance in the hospitality segment due to geopolitical developments.

انخفــض صــافي الربــح لفتــرة الستـــة أشهـــر المنتهيـــة في 30 يونيو 2026 مقــارنة بالفتــرة نفسهـــا من العـــام الماضـــــي 2025. ويعــود ذلك بشكــل رئيســي إلى تحقيــق أربــاح غيــر مكـــررة ناتجــة مــن بيـــع أرض مملــوكة للشركـــة في دولــة الكـــويت خـــلال العــام الســـابق، بالإضـــافة إلى تراجــــع أداء قطــــاع الضيــــافة بسبب التطــــــورات الجيوسياسية.

Conclusion

Based on our review, nothing has come to our attention that causes us to believe that the accompanying interim condensed consolidated financial information is not prepared, in all material respects, in accordance with International Accounting Standard 34 – Interim Financial Reporting.

النتيجة

استناداً إلى مراجعتنا، فإنه لم يرد إلى علمنا ما يستوجب الاعتقاد بأن المعلومات المالية المرحلية المكثفة المجمعة المرفقة لم يتم إعدادها، من جميع النواحي المادية، وفقاً لمعيار المحاسبة الدولي 34 – التقارير المالية المرحلية.

REPORT ON REVIEW OF INTERIM CONDENSED CONSOLIDATED FINANCIAL

INFORMATION TO THE BOARD OF DIRECTORS’ OF MABANEE COMPANY K.P.S.C.

Introduction

We have reviewed the accompanying interim condensed consolidated statement of financial position of

Mabanee Company K.P.S.C. (the “Parent Company”) and its subsidiaries (collectively, the “Group”) as

at 30 June 2026 and the related interim condensed consolidated statement of profit or loss, interim

condensed consolidated statement of comprehensive income for the three-month and six-month periods then ended, interim condensed consolidated statement of changes in equity and interim condensed consolidated statement of cash flows for the six-month period then ended. The management of the Parent Company is responsible for the preparation and presentation of this interim condensed consolidated financial information in accordance with International Accounting Standard IAS 34 - Interim Financial Reporting. Our responsibility is to express a conclusion on this interim condensed consolidated financial information based on our review.

Scope of Review

We conducted our review in accordance with International Standard on Review Engagements 2410,

“Review of Interim Financial Information Performed by the Independent Auditor of the Entity”. A review

of interim financial information consists of making inquiries, primarily of persons responsible for

financial and accounting matters, and applying analytical and other review procedures. A review is

substantially less in scope than an audit conducted in accordance with International Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

Conclusion

Based on our review, nothing has come to our attention that causes us to believe that the accompanying interim condensed consolidated financial information is not prepared, in all material respects, in accordance with International Accounting Standard 34 – Interim Financial Reporting.

Report on Other Legal and Regulatory Requirements

Based on our review, the interim condensed consolidated financial information is in agreement with the

books of account of the Parent Company. We further report that, to the best of our knowledge and belief, we have not become aware of any violations of the Companies Law No. 1 of 2016, as amended, and its Executive regulations, as amended, or of the Parent Company’s Memorandum of Incorporation and Articles of Association, as amended, during the six-month period ended 30 June 2026 that might have had a material effect on the business of the Parent Company or on its financial position.

We further report that, during the course of our review, to the best of our knowledge and belief, we have

not become aware of any violations of the provisions of Law No. 7 of 2010 concerning establishment of

Capital Markets Authority (“CMA”) and organization of security activity and its executive regulations,

as amended, during the six-month period ended 30 June 2026 that might have a material effect on the

business of the Parent Company or on its financial position.

REPORT ON REVIEW OF INTERIM CONDENSED CONSOLIDATED FINANCIAL

INFORMATION TO THE BOARD OF DIRECTORS’ OF MABANEE COMPANY K.P.S.C.

Introduction

We have reviewed the accompanying interim condensed consolidated statement of financial position of

Mabanee Company K.P.S.C. (the “Parent Company”) and its subsidiaries (collectively, the “Group”) as

at 30 June 2026 and the related interim condensed consolidated statement of profit or loss, interim

condensed consolidated statement of comprehensive income for the three-month and six-month periods then ended, interim condensed consolidated statement of changes in equity and interim condensed consolidated statement of cash flows for the six-month period then ended. The management of the Parent Company is responsible for the preparation and presentation of this interim condensed consolidated financial information in accordance with International Accounting Standard IAS 34 - Interim Financial Reporting. Our responsibility is to express a conclusion on this interim condensed consolidated financial information based on our review.

Scope of Review

We conducted our review in accordance with International Standard on Review Engagements 2410,

“Review of Interim Financial Information Performed by the Independent Auditor of the Entity”. A review

of interim financial information consists of making inquiries, primarily of persons responsible for

financial and accounting matters, and applying analytical and other review procedures. A review is

substantially less in scope than an audit conducted in accordance with International Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

Conclusion

Based on our review, nothing has come to our attention that causes us to believe that the accompanying interim condensed consolidated financial information is not prepared, in all material respects, in accordance with International Accounting Standard 34 – Interim Financial Reporting.

Report on Other Legal and Regulatory Requirements

Based on our review, the interim condensed consolidated financial information is in agreement with the

books of account of the Parent Company. We further report that, to the best of our knowledge and belief, we have not become aware of any violations of the Companies Law No. 1 of 2016, as amended, and its Executive regulations, as amended, or of the Parent Company’s Memorandum of Incorporation and Articles of Association, as amended, during the six-month period ended 30 June 2026 that might have had a material effect on the business of the Parent Company or on its financial position.

We further report that, during the course of our review, to the best of our knowledge and belief, we have

not become aware of any violations of the provisions of Law No. 7 of 2010 concerning establishment of

Capital Markets Authority (“CMA”) and organization of security activity and its executive regulations,

as amended, during the six-month period ended 30 June 2026 that might have a material effect on the

business of the Parent Company or on its financial position.

REPORT ON REVIEW OF INTERIM CONDENSED CONSOLIDATED FINANCIAL

INFORMATION TO THE BOARD OF DIRECTORS’ OF MABANEE COMPANY K.P.S.C.

Introduction

We have reviewed the accompanying interim condensed consolidated statement of financial position of

Mabanee Company K.P.S.C. (the “Parent Company”) and its subsidiaries (collectively, the “Group”) as

at 30 June 2026 and the related interim condensed consolidated statement of profit or loss, interim

condensed consolidated statement of comprehensive income for the three-month and six-month periods then ended, interim condensed consolidated statement of changes in equity and interim condensed consolidated statement of cash flows for the six-month period then ended. The management of the Parent Company is responsible for the preparation and presentation of this interim condensed consolidated financial information in accordance with International Accounting Standard IAS 34 - Interim Financial Reporting. Our responsibility is to express a conclusion on this interim condensed consolidated financial information based on our review.

Scope of Review

We conducted our review in accordance with International Standard on Review Engagements 2410,

“Review of Interim Financial Information Performed by the Independent Auditor of the Entity”. A review

of interim financial information consists of making inquiries, primarily of persons responsible for

financial and accounting matters, and applying analytical and other review procedures. A review is

substantially less in scope than an audit conducted in accordance with International Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

Conclusion

Based on our review, nothing has come to our attention that causes us to believe that the accompanying interim condensed consolidated financial information is not prepared, in all material respects, in accordance with International Accounting Standard 34 – Interim Financial Reporting.

Report on Other Legal and Regulatory Requirements

Based on our review, the interim condensed consolidated financial information is in agreement with the

books of account of the Parent Company. We further report that, to the best of our knowledge and belief, we have not become aware of any violations of the Companies Law No. 1 of 2016, as amended, and its Executive regulations, as amended, or of the Parent Company’s Memorandum of Incorporation and Articles of Association, as amended, during the six-month period ended 30 June 2026 that might have had a material effect on the business of the Parent Company or on its financial position.

We further report that, during the course of our review, to the best of our knowledge and belief, we have

not become aware of any violations of the provisions of Law No. 7 of 2010 concerning establishment of

Capital Markets Authority (“CMA”) and organization of security activity and its executive regulations,

as amended, during the six-month period ended 30 June 2026 that might have a material effect on the

business of the Parent Company or on its financial position.

REPORT ON REVIEW OF INTERIM CONDENSED CONSOLIDATED FINANCIAL

INFORMATION TO THE BOARD OF DIRECTORS’ OF MABANEE COMPANY K.P.S.C.

Introduction

We have reviewed the accompanying interim condensed consolidated statement of financial position of

Mabanee Company K.P.S.C. (the “Parent Company”) and its subsidiaries (collectively, the “Group”) as

at 30 June 2026 and the related interim condensed consolidated statement of profit or loss, interim

condensed consolidated statement of comprehensive income for the three-month and six-month periods then ended, interim condensed consolidated statement of changes in equity and interim condensed consolidated statement of cash flows for the six-month period then ended. The management of the Parent Company is responsible for the preparation and presentation of this interim condensed consolidated financial information in accordance with International Accounting Standard IAS 34 - Interim Financial Reporting. Our responsibility is to express a conclusion on this interim condensed consolidated financial information based on our review.

Scope of Review

We conducted our review in accordance with International Standard on Review Engagements 2410,

“Review of Interim Financial Information Performed by the Independent Auditor of the Entity”. A review

of interim financial information consists of making inquiries, primarily of persons responsible for

financial and accounting matters, and applying analytical and other review procedures. A review is

substantially less in scope than an audit conducted in accordance with International Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

Conclusion

Based on our review, nothing has come to our attention that causes us to believe that the accompanying interim condensed consolidated financial information is not prepared, in all material respects, in accordance with International Accounting Standard 34 – Interim Financial Reporting.

Report on Other Legal and Regulatory Requirements

Based on our review, the interim condensed consolidated financial information is in agreement with the

books of account of the Parent Company. We further report that, to the best of our knowledge and belief, we have not become aware of any violations of the Companies Law No. 1 of 2016, as amended, and its Executive regulations, as amended, or of the Parent Company’s Memorandum of Incorporation and Articles of Association, as amended, during the six-month period ended 30 June 2026 that might have had a material effect on the business of the Parent Company or on its financial position.

We further report that, during the course of our review, to the best of our knowledge and belief, we have

not become aware of any violations of the provisions of Law No. 7 of 2010 concerning establishment of

Capital Markets Authority (“CMA”) and organization of security activity and its executive regulations,

as amended, during the six-month period ended 30 June 2026 that might have a material effect on the

business of the Parent Company or on its financial position.