#1Investor Presentation 1Q 2023 May 2023 خروج EXIT interactive interactive Interactive مصرف الإنماء alinma bank digital. fast. convenient.#2Table of Contents 1 Alinma Overview 2 Strategy Update 3 4 Historical Financial Performance 1Q 2023 Financial Performance 5 Segmental Performance 6 Outlook & Guidance 7 Appendix 1Q 2023 INVESTOR PRESENTATION مصرف الإنماء alinma bank 2/48#3Alinma Overview 1Q 2023 Pay مدى mada 1234 1234 1234 1234 VALID 12/23 CLIENT NAME VISA مصرف الإنماء alinma bank digital. fast. convenient.#4History Alinma Bank was established in 2006 as full-fledged Islamic banking services provider. Est. 2006 2007 - Roy 2008 مصرف الإنماء alinma bank i+A $ 2020 Establishment Alinma was established by Royal Decree by the Public Investment Fund (10%), the Public Pension Agency (10%) and the General Organization for Social Insurance (10%) Young Corporate Bank Alinma began providing Shariah compliant banking services, asset management and brokerage services through its affiliates Publicly Listed Company Alinma launched its IPO and became a publicly listed company on the Saudi Stock Exchange (Tadawul) Major Capital Increase Alinma increased its capital to SAR 20 billion from SAR 15 billion via stock dividends to fund the next stage of growth 1Q 2023 INVESTOR PRESENTATION 4/48#5Alinma Overview Alinma is the youngest bank in KSA 18.8m Monthly Average Users 628K Smartphone Daily Average Users (Number of Smart Phone Users Logins) #4 in KSA #3 in KSA 1.9% ROA (4Q 2022) 18.6% CAR (T1) (4Q 2022) #4 in KSA 13.7% ROE (4Q 2022) 19.1% CAR 0.88% COR 17.9% T1 +17.6% Net Income YoY Financial 2.11% 121.5% NPL Ratio NPL Coverage Position Retail Digital Snapshot 98.5% Digital Transactions 4.34m KSA Market Share Customers مصرف الإنماء alinma bank 5.9% Assets (4Q 2022) 6.6% Financing (4Q 2022) 6.3% Deposits (4Q 2022) 5.1% NIB Deposits (4Q 2022) #3 Traded Stock in KSA by Value and Volume (1Q 2023) SAR 9.1 bn Value Traded (1Q 2023) Stock Highlights SAR 58.9 bn Market Capitalization (31 March 2023) 16.1% Foreign Ownership #1 among Saudi banks (31 March 2023) SOURCE: Bank Financial Statements, Tadawul 10% Owned by Public Investment Fund 5/48 1Q 2023 INVESTOR PRESENTATION#6Management Team Alinma has built an experienced new management team poised to execute its strategy Saleh Abdullah Al Zumaie ini Deputy CEO, Head of Retail & Digital Banking Mohammed Sultan Al Sehali Chief Internal Audit Officer Jameel Naif Al Hamdan Head of Corporate Banking Abdullah Ali Al Khalifa Chief Executive Officer (CEO) مصرف الإنماء alinma bank Abdullah Jamaan Al Zahrani Head of Treasury Meshary Abdulaziz Al Jubair Chief Operating Officer (COO) Hamoud Abdulaziz Al Humaidan Chief Compliance Officer (CCO) Eyad Osama Al Othman General Counsel & Board Secretary Fahad Abdulaziz Al Mohaimeed Head of Strategy & Business Excellence Gu Yaser Abdulaziz Al Marshde inn Chief Sharia Officer (CSO) Hisham Abdullah Al Turaigi Chief Credit Officer (CCRO) Abdullah Mohammed Al Salamah Chief Human Capital Officer (CHCO) Adel Saleh Abalkhail Chief Financial Officer (CFO) Meshal Hamad Al Rabiah Chief Risk Officer (CRO) 6148 1Q 2023 INVESTOR PRESENTATION#7Strategy Update 1158< 1Q 2023 Lean My سداد 0 U 7512 SAR OSM -1 11a SA 1660 201 satst مصرف الإنماء alinma bank digital. fast. convenient.#8Strategic Positioning Alinma Bank's strategic positioning cascades down into each business strategy Excellence Shariah Compliance Digital 1Q 2023 INVESTOR PRESENTATION Corporate Retail Treasury Segment wise Bank wide Be recognized and celebrated as the fastest and most convenient bank in KSA مصرف الإنماء alinma bank Be the #1 in Net Promoter Score (NPS) across KSA Banks > Be the #1 Employer of choice across KSA Banks Be the most digitally advanced, fastest, and most convenient Retail bank in KSA Be the Corporate bank with the best customer experience (increasingly integrated) and offer the fastest turnaround time in KSA Be the most innovative Shariah compliant Treasury partner across KSA 8/48#9Strategy Overview Key success factors for Alinma Bank's strategic positioning "Most digitally advanced, fastest, and most convenient bank" digital fast convenient Affluent & HNW #1 NPS Youth Retail Corporate Best UX 40-50% more customers "#1 Employer of choice" across KSA Banks مصرف الإنماء alinma bank "Best customer experience and fastest turnaround time" Large, Mid Corporate Project Finance High-quality SME Trade Finance & Cash Management Digitization Hedging Advanced Analytics DevOps Digital Treasury Investments FI Agile Deployment ALM "Recognized and celebrated as the fastest and most convenient bank" simple excellent innovative 1Q 2023 INVESTOR PRESENTATION 30+ new products "Most innovative Shariah-compliant Treasury partner" 9/48#10Strategy Progress Update Driving changes across the businesses and bank-wide 2021-2025 Strategic Ambitions 1Q 2023 Achievements Digital Fast Convenient Total 1Q 2023 INVESTOR PRESENTATION مصرف الإنماء alinma bank Build digital factory and apply latest available technologies - Advanced Analytics (AA), Al and Big Data Improve processes and speed to market ■ Introduced Chat-bot service ■ Launched new Alinma mobile app Expansion of TCR machine installations 2023 Initiatives In-Progress Driving Agile delivery of IT projects Digital team being expanded with requisite skills Continuously improving new digital app ■ Continue enhancement of digital journeys and app functionality, and increase cross- sell ■ Continuous improvement in turn-around time for retail customers Enhance customer convenience and experience ■ Launched new Personal Finance Product "Against Portfolio" ▪ Launched commodity based "Equity Release" ■ Launch Off-plan commodity product Merged 10 branches ■ Client relationship models for Private and Affluent customers being improved ■ Enhance ecosystems programs for customer convenience 77 Initiatives* *1 new initiative added in 1Q 2023 55mm Initiatives Completed 71% 22/17 Initiatives In Progress 29% 10/48#11Retail Focus on building two customer franchises Focus to date Wealth Segments Acquisition focused on classic segments Future Focus Gold, Platinum, Diamond, and Private segment customers driving majority of deposits Digital capabilities to acquire customers Digitally-savvy Affluent and HNW 2 Digitally-savvy 3 Youth مصرف الإنماء alinma bank Customer experience and operational excellence Alinma Retail Vision Experienced professionals and self-employed Saudis 35-50 year-old customers in the wealth segment Young Saudi professionals and University students 18-35 year-old customers in the wealth segment Drive growth in deposits Drive growth in Financing Reinvent the experience and improve multi- channel delivery Enhance experience around digital journeys and in-branch services Elevate customer engagement through tailored services and products "Be the most digitally advanced, fastest, and most convenient Retail Bank in KSA" Launch of New Tailored Products Initiatives Completed to Date: Key Achievements 12/18 initiatives completed 1Q 2023 Launched Launched new Personal commodity 67% Finance based "Equity Product Release" Launched Off-plan commodity product 1Q 2023 INVESTOR PRESENTATION "Against Portfolio" New Operating Models and Effective Processes Continue Implementation of branches merger plans Implemented a revamped loyalty program "Akthar" with many enhanced features & new redemption options Distribution Expansion Expansion of TCR machine installations 10 Merged branches 2 New Private Centres 11/48#12Global Transaction 1 Large, mid-corporate & project finance 2 High-quality SME portfolio 3 Banking (GTB) - Cash & Trade Management Corporate Evolve the bank and diversify across sectors Focus to date Large corporates and project finance مصرف الإنماء alinma bank ☐ Alinma Corporate Vision Focused on lending Leveraging Kafalah program Future Focus Drive customer centricity, aligning RMs, product specialists and industry experts Foster Kafalah program lending Build the cross-sell model Revamp commercial processes Tech-enabled front line Enhance product & channel offering in cross- sell categories Integrate digital offering Extend SME portfolio along supply chain related offerings Preferred GTB financial service provider Migrate business partners to GTB solutions for efficiency, productivity and higher profitability Lead in GTB field via innovation and digitalization "Be the Corporate bank with the best customer experience and offer fastest turnaround time in KSA" Expanded Mid-Corp Segment Growth in SME Portfolio New Products & Centralization Initiatives Completed to Date: Key Improved organisational efficiency Achievements 1Q 2023 9/19 initiatives completed +49% Growth in booked assets 47% +44% +53% +13% Growth in Non- funded assets (LG & LC) Program Based Lending Kafalah financing Developed Murabaha Overdraft product Built Corporate Support Services team to organize and enhance corporate operational work 1Q 2023 INVESTOR PRESENTATION 12/48#13Treasury Become core partner for corporate clients and grow Fl franchise Focus to date Liquidity management and stable risk Strong track record with well-managed liquidity profile and investment revenue and stable risk > Future Focus Fl customers serviced well Enhanced financial 1 Derivative products 2 institutions franchise 3 مصرف الإنماء alinma bank High Quality Asset Liability Management Alinma Treasury Vision Grow product portfolio to provide holistic value proposition to clients Drive Customer centricity to facilitate bank-level alignment and improved cross-sell revenues Fls represent important source to diversify funding and show continued interest into KSA investments Grow deposits and long term liabilities on one side and term assets on the other to maintain a healthy balance sheet Continue to focus on liquidity and stable funding ratios "Be the most innovative Shariah compliant Treasury partner across KSA" Expansion of Products and Volumes Increased FI Coverage Initiatives Completed to Date: Key Achievements +24bn +7.8bn 12/12 initiatives completed 1Q 2023 100% Expanded Derivatives customer FX business volumes PRS volumes +6 banks Correspondent Fls added globally base 1Q 2023 INVESTOR PRESENTATION Investment Base Enhancement +1.1bn Enhanced investment book New Products Introduced Shariah compliant products in alignment with international players such as evergreen Repo and Profit Rate Cap and floor products 13/48#14Digital Build Digital to scale customer experience and operational excellence across the bank Focus to date Driving digital capabilities World-Class Digital Capabilities 2 Improve Operating Model 3 Drive Operational Excellence مصرف الإنماء alinma bank Alinma Vision Pursuing initiatives across Advanced Analytics and Big Data, Al and RPA Future Focus Projects are driven by Agile ways of working Augment digital work force with best in class talents and upskill digital teams by establishing digital training e-academy Accelerate digitization Deliver with speed, quality and efficiency Progress on Advanced Analytics while building new capabilities Reinvent the customer experience and improve multi-channel capabilities Leverage the ecosystem to create innovative and unique propositions Improve ways of working, e.g. Agile delivery, DevOps, etc. Establish the digital factory to power rapid delivery and foster innovation Improve efficiency through digitization of services and products Automate internal processes using robotics to enhance turnaround times. "Be recognized and celebrated as the fastest and most convenient bank in KSA" New Models & Digital Factory Updates Initiatives Completed to Date: Key Achievements 13/17 initiatives completed 1Q 2023 76% Introduced Chat-bot service Launched new Alinma mobile app IT Projects Delivery 51% IT Projects Delivered through Agile Technology Improvements Health check automation script for testing environments Completed 2 Advanced Analytics (AA) use cases Implemented Al Anti-Fraud 1Q 2023 INVESTOR PRESENTATION 14/48#15Human Capital Fostering a great working environment and being the cultural transformation champions in the organization مصرف الإنماء alinma bank Focus to date Hiring and training activities Drive cultural change agenda 2 Grow capabilities across the bank Organizing Alinma for Alinma 3 success Human Capital Vision > Improve Work Environment Future Focus Cascade new strategy to organization and embed in communication Hire top talent including new capabilities (i.e. data science) Female Empowerment Hire Top Talent Measure and improve employee engagement/ organizational health Regularly celebrate success stories Continuously develop capabilities through learning Develop rotational programs, new career path to foster innovation Increased Employee Engagement Initiatives Completed to Date: Key Achievements Kicked-off 8/9 initiatives completed 1Q 2023 initiatives to Alinma bank football increase the 89% OHI score ☐ 1Q 2023 INVESTOR PRESENTATION Adjust working model based on new requirements Implement agile forms of organization in future "Be the #1 Employer of choice across KSA Banks" Digitalize and streamline HC processes Increased Training & Key Placements Continuous Improvement Celebrated 246 employees championship honored by the Mother's Day CEO Founding Day In cooperation with GOSI, started trainees exchange program to develop fresh graduates Enhanced Employee Voice portal with a new features and new look & feel Workforce 95.15% 19.52% Saudization rate Female percentage of total workforce 15/48#16Historical Financial Performance 10:00 له M 9:59 + إضافة رصير 8500.75 طلب التحويل مدفوعات مدار COD AlinmaPay 401 Pay مصرف الإنماء الرصيد تدوري إلى shase alinma bank المدفوعات الحكومية تدويل ويسترن تحويل محلي العمليات السارقة عوى الكل 200 ريال شراء من خلال نقاط البيع شراء من خلال 100 ريال المحادثات. 。 الرئيسية البطاقة المطريات digital. fast. convenient.#17Balance Sheet Track Record Solid history of strong balance sheet momentum... Total Assets (SARbn) +13% CAGR Financing (SARbn) +15% CAGR مصرف الإنماء alinma bank Customers' Deposits (SARbn) +13% CAGR 200.4 146.5 156.9 173.5 145.2 126.3 121.5 131.8 111.2 119.5 121.1 83.9 94.8 90.1 102.1 2018 2019 2020 2021 2022 2018 2019 2020 2021 2022 2018 2019 2020 2021 2022 YOY +8% +19% +11% +16% YOY +13% +17% +14% +16% YOY +13% +17% +1% +20% NPL Ratio (%) 3.00% 2.00% 1.00% Liquidity (%) 200% 150% 1.9% 100% 50% Capitalization (%) 30% 135.0% -106.1% 20% 82.8% 10% 0% 0.00% 2018 2019 2020 2021 2022 2018 2019 2020 2021 2022 2018 2019 CET1 ratio 2020 -T1 ratio 2021 2022 CAR LDR SAMA Ratio .NSFR LCR 1Q 2023 INVESTOR PRESENTATION 19.8% 18.6% 15.8% 17/48#18P&L Track Record ...translating to consistently strong top-line growth and solid profitability Total Operating Income (SARmn) +13% CAGR Total Operating Expenses (SARmn) +14% CAGR Net Income (SARmn) مصرف الإنماء alinma bank +6% CAGR 7,963 6,660 3,484 3,624 3,954 3,599 4,845 5,610 5,682 2,783 2,857 2,322 2,535 2,709 1,966 2018 2019 2020 2021 2022 2018 2019 2020 2021 2022 2018 2019 2020 2021 2022 YOY +16% +1% +17% +20% YOY +20% +25% +4% +9% YOY -11% -22% +38% +33% Net Profit Margin (%) 6% 4% 2% Cost To Income Ratio (%) 40.0% Cost of Risk (%) 2.00% 0.85% 4.54% 38.0% 1.50% 3.62% 36.0% 1.00% 34.7% 34.0% 0.50% 1.10% 0.00% 32.0% 2018 2019 2020 2021 2022 2018 2019 2020 2021 2022 0% 2018 2019 2020 2021 2022 Net profit margin Yield rate COF rate *2021 income and expense number are adjusted to reflect certain classification taken place in 4Q 2022 1Q 2023 INVESTOR PRESENTATION 18/48#191Q 2023 Financial Performance 1Q 2023 مصرف الإنماء ) alinma bank Banking Kiosk مصرف الإنماء alinma bank digital. fast. convenient.#201Q 2023 Balance Sheet Highlights Balance sheet growth from financing and investments growth funded mainly from customers' deposits Total Assets (SARbn) +19% Total Liabilities (SARbn) +22% مصرف الإنماء alinma bank Total Equity (SARbn) +5% 213.7 180.6 179.5 184.6 193.2 200.4 161.9 168.6 33.2 31.5 31.5 31.3 31.9 148.0 153.2 1Q 22 2Q 22 3Q 22 4Q 22 1Q 23 1Q 22 2Q 22 3Q 22 4Q 22 1Q 23 1Q 22 2Q 22 QoQ +3% +5% +4% +7% QoQ +3% +6% +4% +7% QoQ -0% 3Q 22 -1% 4Q 22 +2% 1Q 23 +4% 1Q 23 Financing 1Q 23 Customers' Deposits 1Q 23 CASA Deposits 153.2 159.9 84.7 1Q 23 CASA % of Total Deposits 53.0% 1Q 23 LDR SAMA Ratio 1Q 23 CAR 79.9% SARbn SARbn SARbn +5% YTD +10% YTD +3% YTD -3.9ppts YTD -2.9ppts YTD 1Q 2023 INVESTOR PRESENTATION 19.1% -72bps YTD 20/48#211Q 2023 P&L Highlights Net income for 1Q 2023 grew by 18% YoY from 21% income growth Total Operating Income (SARmn) Total Operating Expenses (SARmn) Net Income (SARmn) مصرف الإنماء alinma bank +21% +24% +18% 2,075 2,148 2,179 1,191 989 1,932 1,808 1,100 925 970 974 825 860 886 903 1Q 22 2Q 22 3Q 22 4Q 22 1Q 23 1Q 22 2Q 22 3Q 22 4Q 22 QoQ +7% +7% +3% +1% QoQ +2% +8% +22% 1Q 23 -8% 1Q 22 QoQ 2Q 22 +12% 3Q 22 +7% 4Q 22 -13% 1Q 23 +13% 1Q 23 Funded Income 1Q 23 Non-Funded Income 1Q 23 Net Income 1Q 23 Net Profit Margin 1Q 23 Cost to Income Ratio 1Q 23 ROE SARmn 1,735 +32% YOY 1Q 2023 INVESTOR PRESENTATION 445 970 3.80% SARmn SARmn -10% YOY +18% YOY +49bps YOY 34.8% -0.7ppts YoY 14.1% +146bps YoY 21/48#22Balance Sheet Trends Balance sheet growth of 7% from increase in financing and investments Management Commentary ■ Growth in total assets of 7% YTD mainly driven by 5% financing growth and 4% growth in investments and 47% growth in balances with SAMA. ■ Total liabilities grew by 7% during 1Q 2023 mainly from a 10% rise in customers' deposits. Total Assets Movement YTD (SARbn) 200.4 5.3 1.4 +7% SAR (mn) 6.7 مصرف الإنماء alinma bank (0.0) 213.7 1Q 2023 4Q 2022 A% 1Q 2022 A% Total assets 4Q 22 Cash, interbank & SAMA +47% Investments Financing Other Total assets 1Q 23 +4% +5% -0% Cash, interbank & SAMA balances 16,475 11,178 +47% Investments 39,884 38,529 +4% Financing 153,153 146,492 +5% Other assets 4,237 4,238 Total assets 213,749 200,436 Due to SAMA, banks & other Fl 13,805 16,483 Customers' deposits 159,948 145,168 Other liabilities 6,832 6,908 Total liabilities 180,586 168,560 Share capital 20,000 20,000 -0% +7% -16% +10% -1% +7% +0% 11,051 +49% 36,026 +11% 128,965 +19% 3,477 +22% 179,519 +19% 13,245 +4% 128,035 +25% 6,720 +2% 148,001 +22% 20,000 +0% Total Liabilities Movement YTD (SARbn) +7% 14.8 180.6 168.6 (2.7) (0.1) Retained earnings 5,215 4,285 +22% 4,449 +17% Other reserves 2,949 2,591 +14% 2,069 +42% Total liabilities Tier 1 sukuk 5,000 5,000 +0% 5,000 +0% 4Q 22 Total equity 33,164 31,876 +4% 31,518 +5% Due to SAMA, banks Customers' deposits & other Fl -16% Other Total liabilities 1Q 23 +10% -1% 1Q 2023 INVESTOR PRESENTATION 22/48#23P&L Trends Net income for 1Q 2023 grew by 18% YoY due to 21% income growth Management Commentary ■ Net income for 1Q 2023 grew 18% YoY to SAR 970mn from 21% income growth even with 18% higher operating expenses YoY. Net Income Movement YoY (SARmn) +18% ■ 1Q 2023 net income improved 13% QoQ driven by 1% increase in income and a 22% decrease in impairments. 423 825 SAR (mn) مصرف الإنماء alinma bank 5 970 (51) (116) (99) (17) 1Q 2023 4Q 2022 A% 1Q 2022 A% Net income 1Q 22 Funded income Non-funded Operating Impairments Associate & Zakat income Expenses JV Net income 1Q 23 Funded income 1,735 1,668 +4% 1,312 +32% Non-Funded income 445 480 -7% 496 -10% Total operating income 2,179 2,148 +1% 1,808 +21% Operating Income Composition (SARmn) Operating Expenses 758 750 +1% 642 +18% 2% 4% Funded income Net operating income before impairment charge 1,422 1,398 +2% 1,165 +22% 14% Impairments 343 441 -22% 243 +41% Fees from banking services Net operating income 1,079 957 +13% 922 +17% 2,179 Income before zakat & income tax 1,081 959 +13% 920 +18% Zakat 111 99 +13% 95 +18% Investment gains/dividends 80% Exchange income Net income 970 860 +13% 825 +18% 1Q 2023 INVESTOR PRESENTATION 23/48#24Financing Increase in gross financing during 1Q 2023 from 8% growth in retail financing, and 3% in corporate financing Financing, Gross (SARbn) Financing, Gross Composition (SARbn) مصرف الإنماء alinma bank +18% 133.0 135.1 143.7 150.5 157.2 13% 13% 102.1 102.2 107.9 113.2 117.0 157.2 3% 30.8 32.9 35.9 37.3 40.2 QoQ 1Q 22 +2% 2Q 22 +6% 3Q 22 +5% 4Q 22 +4% 1Q 23 Retail Financing, Gross Movement YTD (SARbn) Corporate +4% 150.5 0.9 2.0 3.5 0.3 157.2 ■Corporate Total Corporate 74% SME Home financing 71% Retail 26% Personal & other retail financing Total financing, Management Commentary ■ Gross financing grew 4% during 1Q 2023. ■ Retail financing grew 8% YTD from strong momentum in personal & other financing (+11%). ■ Total corporate financing grew 3% YTD, where mid-corporate rose 49%, and SME financing increased 6%. ■ Gross financing comprises of 74% corporate and 26% retail as at 31 March 2022. Total financing, Home financing Personal & other Corporate SME gross 4Q 22 retail financing +5% +11% gross 1Q 23 +3% +6% 1Q 2023 INVESTOR PRESENTATION 24/48#25Investments 4% growth in investments YTD from additional investment grade securities Investments (SARbn) Investments Movement YTD (SARbn) +11% +4% مصرف الإنماء alinma bank 36.0 37.7 38.3 38.5 39.9 38.5 0.5 0.6 0.3 39.9 1Q 22 2Q 22 3Q 22 4Q 22 1Q 23 Total investments 4Q 22 Sukuk Funds QoQ +5% +1% +1% +4% +1% +40% Equities & other +12% Total investments 1Q 23 Investments Composition (SARbn) 6% 33% 39.9 61% 1Q 2023 INVESTOR PRESENTATION Investments Composition (SARbn) 7% Held at amortized cost 5% Held at FVOCI Held at FVSI 39.9 ■Sukuk Funds 88% Equities & other Management Commentary ■ Investments growth of 4% during 1Q 2023 was mainly attributed to 40% increase of investments in funds. ■ The investment portfolio as at 31 March 2023 comprised of 88% sukuk investments, 5% funds and 7% equities & other investments. 25/48#26Deposits Deposit growth of 10% driven by 3% CASA growth and 20% time deposits growth Customers' Deposits (SARbn) +25% Customers' Deposits Movement YTD (SARbn) 159.9 145.2 12.6 128.0 130.4 132.0 145.2 84.7 82.5 88.0 92.4 86.4 مصرف الإنماء alinma bank +10% 2.2 159.9 62.7 75.2 40.0 38.0 45.6 1Q 22 2Q 22 3Q 22 4Q 22 1Q 23 Total customers' deposits Time CASA Total customers' deposits QoQ +2% +1% +10% +10% 4Q 22 1Q 23 Time CASA +20% +3% Customers' Deposits Composition (SARbn) CASA % of Total Deposits (%) 80% 68.7% Retail 60% 36% 159.9 40% 64% Non-retail 1Q 2023 INVESTOR PRESENTATION 53.0% 20% 1Q 22 2Q 22 3Q 22 4Q 22 1Q 23 Management Commentary ■ Deposits rose by 10% during 1Q 2023 from growth in CASA and Time deposits of 3% and 20% respectively. ■ CASA deposits account for 53% of total deposits as at 1Q 2023. ■ Total deposits comprise of 64% retail and 36% non-retail deposits as at 31 March 2023. 26/48#27Income from Financing & Investments Gross funded income grew 89% from 48% growth in investment income and 96% growth in financing income Funded Income, Gross (SARmn) مصرف الإنماء alinma bank Total Funded Income, Gross Movement YoY (SARmn) +89% 2,783 2,437 2,049 +89% 1,197 2,783 1,474 1,653 2,439 1,474 111 2,090 11 1,753 1,242 1,391 232 262 296 347 344 1Q 22 2Q 22 3Q 22 4Q 22 1Q 23 QoQ +12% +24% +19% +14% Total Funded Income, Gross Investments Financing Investments Financing 1Q 22 +48% +96% Total Funded Income, Gross 1Q 23 Funded Income, Gross Composition (SARmn) 1% 20% 34% Retail Funded Income, Gross Composition (SARmn) 12% Investments 2,783 Financing 45% Corporate 2,783 Treasury Investments & brokerage 88% 1Q 2023 INVESTOR PRESENTATION Management Commentary ■ Gross funded income for 1Q 2023 increased by 89% YoY to SAR 2,783mn from a 48% increase in funded investment income and a 96% rise in financing income. ■ Gross funded income is attributable to 45% retail, 34% corporate and 20% treasury segments. ■ Income from financing makes up 88% of total gross funded income and income from investments comprises 12%. 27/48#28Net Profit Margin مصرف الإنماء alinma bank Average balance of investments and financing grew 15%; while net profit margin saw an increase of 49bps YoY Average Balance of Investments & Financing (SARbn) +15% Net Profit Margin YTD (%) +49bps 160.7 162.5 170.8 178.9 185.2 3.31% 3.42% 3.59% 3.62% 3.80% 129.7 129.3 136.6 142.7 149.2 31.0 33.3 QoQ 1Q 22 +1% 2Q 22 Investments 34.1 +5% 3Q 22 36.2 35.9 +5% 4Q 22 Financing +3% 1Q 23 Net Profit Margin Movement YoY (%) +49bps 2.21% 3.31% 0.17% -1.88% SAIBOR: 3M Average Trend (%) 6.0% 4.0% 3.15% 2.74% 3.80% 1.39% 2.0% 1Q 22 1H 22 9M 22 FY 22 1Q 23 +11bps +16bps +3bps +18bps 5.49% 5.27% 0.0% Net profit margin Investments Financing yield yield COF rate Net profit margin 1Q 22 1H 22 9M 22 FY 22 1Q 23 1Q 22 1Q 23 *Comparatives are reclassified to align with the 1Q 2023 financial statements 1Q 2023 INVESTOR PRESENTATION Management Commentary ■ Average balance of investments and financing grew 15% YoY. ■ The net profit margin increased by 49bps YoY to 3.80%. Average 3M SAIBOR increased 22bps during 1Q 2023 and 410bps YoY. 28/48#29Fee and Other Income Non-funded income for 1Q 2023 decreased by 10% YoY Non-Funded Income (SARmn) Non-Funded Income Movement YoY (SARmn) -10% 496 519 480 445 402 496 37 14 222 146 225 136 95 271 297 307 334 308 QoQ 1Q 22 +5% 2Q 22 -23% 3Q 22 +19% 4Q 22 -7% 1Q 23 Fees from banking services Other income Fees from Banking Services Composition (SARmn) 9% 22% 12% 308 1Q 2023 INVESTOR PRESENTATION ■Fund management 32% Card services Trade finance services Brokerage fees 25% Other fees Non-funded Income 1Q 22 -10% مصرف الإنماء alinma bank (49) (53) 445 Fees from banking services +14% Exchange income +19% Investment gains/dividends -52% Other income -91% Non-funded Income 1Q 23 Management Commentary Non-funded income for 1Q 2023 decreased 10% YoY to SAR 445mn from decline in investment gains and other income, despite improved fees from banking services, and exchange income. ■ Fund management fees comprise the majority of fees from banking services at 32%, while card services fees account for 25%, other fees for 22% and trade finance services and brokerage fees represent 12% and 9% respectively. 29/48#30Operating Expenses 1Q 2023 saw 18% growth in operating expenses YoY mainly from higher employee and G&A costs Operating Expenses (SARmn) Operating Expenses Movement YoY (SARmn) +18% +18% مصرف الإنماء alinma bank 642 663 710 750 758 642 44 6 55 65 758 305 318 319 253 284 66 69 70 74 73 323 310 334 358 367 QoQ 1Q 22 +3% 2Q 22 +7% 3Q 22 +6% 4Q 22 +1% 1Q 23 Operating Expenses 1Q 22 Salaries & employee-related Depreciation & amortization Other G&A Salaries & employee-related +14% Depreciation & Other G&A amortization +10% Operating Expenses 1Q 23 +26% Operating Expenses Composition Cost to Income Ratio (%) 34.8% (SARmn) 45% ■Salaries & employee-related 40% 35% 35.5% 42% 48% Depreciation & amortization 30% 758 25% 20% Other G&A 10% 15% 1Q 22 1H 22 9M 22 FY 22 1Q 23 1Q 2023 INVESTOR PRESENTATION Management Commentary Operating expenses increased 18% YoY to SAR 758mn for 1Q 2023 mainly due to higher salaries, software maintenance expenses, POS terminal deployments, higher SMS communication, and marketing costs. +258bps positive Jaws contributed to a 0.7ppts decrease in the cost to income ratio from 35.5% to 34.8%. 30/48#31Impairments for Financing Cost of risk for 1Q 2023 increased by 15bps from 40% higher credit impairment charges YoY Impairments for Financing (SARmn) Impairments for Financing (SARmn) +40% 436 337 241 248 273 1Q 22 2Q 22 QoQ +3% 3Q 22 +10% 4Q 22 +60% Impairments Allowance Composition 1Q 23 -23% Cost of Risk (%) (SARmn) 2% 22% Retail 2% 78% 4,027 1Q 2023 INVESTOR PRESENTATION 1% Corporate 0.73% 1% 241 1Q 22 0.88% 0% 1Q 22 1H 22 9M 22 FY 22 1Q 23 +40% مصرف الإنماء alinma bank 337 1Q 23 Management Commentary ■ 1Q 2023 impairment charge for financing increased by 40% YoY to SAR 337mn. ■ Cost of risk for 1Q 2023 increased by 15bps YoY to 0.88%. ■ 78% of impairment allowance in 1Q 2023 pertains to corporate and 22% is for retail financing. 31/48#32Non-Performing Loans The NPL ratio increased YoY Non-Performing Loans, Gross (SARbn) +24% 3.3 2.9 2.7 2.6 2.4 2.5 2.4 2.6 2.5 2.2 NPL, Gross Movement YTD (SARbn) 0.3 2.9 +13% مصرف الإنماء alinma bank 0.1 3.3 0.2 0.2 0.2 0.5 0.7 QoQ 1Q 22 -4% 2Q 22 -7% 3Q 22 +22% 4Q 22 +13% 1Q 23 Total NPL 4Q 22 Retail Corporate Total NPL 1Q 23 Retail Corporate +63% +4% NPL Composition (SARbn) 77% 3.3 NPL Ratio (%) 3.00% 2.50% 2.01% 2.11% 1.90% 1.94% 23% 1.67% 2.00% Retail 1.50% 1.00% Corporate 0.50% 0.00% 1Q 22 2Q 22 3Q 22 4Q 22 1Q 23 1Q 2023 INVESTOR PRESENTATION Management Commentary ■ NPL ratio increased by 10bps YoY and 17bps QoQ to 2.11% in 1Q 2023. ■ Retail financing, which account for the smaller proportion of NPLs, increased by 63%, while corporate NPLs increased by 4% YTD. ■ The NPL ratio for retail stood at 1.9% while corporate stood at 2.2% as at 1Q 2023. 32/48#33NPL Coverage NPL coverage decreased YoY Stage-Wise Financing, Gross (SARbn) +18% 133.0 135.1 143.7 150.5 157.2 3.3 2.4 2.9 2.7 2.6 7.8 8.5 9.0 8.9 8.9 121.4 123.6 132.3 139.1 146.0 QoQ 1Q 22 +2% 2Q 22 +6% 3Q 22 +5% 4Q 22 +4% 1Q 23 Stage 1 Stage 2 Stage 3 NPL Coverage Ratio (%) 300% Stage-Wise Coverage (%) مصرف الإنماء alinma bank Stage-Wise Financing, Gross Composition (SARbn) 5% 2% C 157.2 75% 62.1% 58.4% 56.1% 56.8% 52.2% 55% 200% 150.0% 150.1% 155.5% 136.3% 121.5% 35% 100% 15% 19.2% 19.4% 18.9% 19.3% 19.4% 0% 0.5% 0.5% 0.5% 0.5% -5% 0.5% 1Q 22 2Q 22 3Q 22 4Q 22 1Q 23 1Q 22 2Q 22 3Q 22 4Q 22 1Q 23 ■Stage 1 ■Stage 2 Stage 3 1Q 2023 INVESTOR PRESENTATION Stage 1 Stage 2 Stage 3 93% Management Commentary ■ NPL coverage decreased by 28.5ppts YoY to 121.5%. Stage 1 coverage remained stable YoY at 0.5%. Stage 2 coverage slightly increased, while the stage 3 coverage trend was impacted by write- offs during 1Q 2023. 33/48#34Capitalization Capital grew 6% YoY while ROE saw an increase of 1.5ppts YoY Total Capital (SARbn) Risk Weighted Assets (SARbn) +6% +26% مصرف الإنماء alinma bank 33.9 33.9 33.8 34.4 35.8 187.7 168.2 173.6 149.2 155.1 3.2 1.8 1.9 2.0 2.2 0.8 0.8 2.4 12.3 0.4 6.0 11.6 11.9 32.2 32.1 31.8 32.4 33.6 QoQ 1Q 22 CAR (%) 136.8 178.5 142.4 153.5 160.5 -0% 2Q 22 -0% 3Q 22 +2% 4Q 22 +4% 1Q 23 QoQ 1Q 22 +4% 2Q 22 +8% 3Q 22 +3% 4Q 22 +8% 1Q 23 Tier 1 Capital Tier 2 Capital Credit Operational Market Profitability (%) 15% 25% 22.7% 20% 12.6% 19.1% 10% 15% 10% 5% 5% 1.9% 0% 0% 1Q 22 1H 22 9M 22 FY 22 1Q 23 1Q 22 1H 22 9M 22 FY 22 1Q 23 1Q 2023 INVESTOR PRESENTATION ROAE .ROAA 14.1% 1.9% Management Commentary ■ Total Capital grew 6% to SAR 35.8bn YoY while Risk Weighted Assets grew 26% YoY. ■ CAR has declined 3.6ppts YoY to 19.1% due to increase in credit risk weighted assets and market risk weighted assets. ▪ ROE saw an increase of 1.5ppts while ROA remains at 1.9% YoY. 34/48#35Liquidity Alinma's liquidity position is healthy and comfortably within regulatory limits NSFR (%) LDR SAMA Ratio (%) 115% 110.1% 110.5% 110% 106.1% 107.0% 103.2% 105% 100% 95% 90% 1Q 22 2Q 22 3Q 22 4Q 22 1Q 23 Leverage Ratio (%) 20% 17.1% 15% 10% 5% NSFR Regulatory Minimum 95% 90% 85%84.3% 100% 80% 75% 70% 1Q 22 2Q 22 3Q 22 LDR SAMA Ratio LCR (%) 133% 139% 129% 134% 134% 150% 14.4% 100% 0% 1Q 22 2Q 22 3Q 22 4Q 22 1Q 23 Leverage ratio Regulatory Minimum 1Q 2023 INVESTOR PRESENTATION مصرف الإنماء alinma bank 4Q 22 - Regulatory Maximum 1Q 23 90% 79.9% Management Commentary ■ NSFR improved 0.9ppts QoQ to reach 107%. ■ LDR ratio decreased 4.4ppts YoY to 79.9%. 100% 50% 3% 0% 1Q 22 2Q 22 3Q 22 4Q 22 1Q 23 .LCR Regulatory Minimum ■ The leverage ratio decreased 270bps YoY to 14.4%. ■ 1Q 2023 LCR increased 1ppts YoY to 134%. 35/48#36Segmental Performance 1Q 2023 10:13 ← Прау Sign Up Full Noma Mohamed Mostafa Mobile Number 050000000 ID Number 1234567890 Email [email protected] Password Confirm Password I agree to AlinmaPay Terms of Service Submit عربي مصرف الإنماء alinma bank digital. fast. convenient.#37Segmental Performance Highlights Retail and corporate comprise the majority of segmental income Operating Income Composition (SARmn) Net Profit Before Zakat Composition (SARmn) 8% 11% 38% Retail Corporate 43% 2,179 Treasury Customers' Deposits Composition (SARbn) 10% مصرف الإنماء alinma bank Corporate 12% Retail 1,081 57% Treasury Investments & brokerage Investments & brokerage 21% Retail 36% 159.9 64% Non-retail 1Q 2023 INVESTOR PRESENTATION Financing, Gross Composition (SARbn) 26% 157.2 74% Corporate Retail 37/48#38مصرف الإنماء alinma bank Segmental Performance Highlights Retail and Corporate reported growth in operating income YoY Operating Income Movement YoY (SARmn) Net Income Before Zakat Movement YoY (SARmn) 245 321 1,808 +21% 2,179 920 (168) (26) 458 +18% (190) (34) 1,081 (72) Total operating income Retail Corporate Treasury 1Q 22 +51% +42% -42% Investments & Total operating brokerage income -13% Income before Retail Corporate Treasury Zakat 1Q 23 1Q 22 -24% +291% -59% Investments & Income before brokerage -25% Zakat 1Q 23 Customers' Deposits Movement YTD (SARbn) 145.2 5.0 +10% Financing, Gross Movement YTD (SARbn) 9.8 159.9 150.5 2.9 +4% 3.8 157.2 Customers' deposits Retail Non-retail Customers' deposits Financing, gross Retail Non-retail 4Q 22 1Q 23 4Q 22 Financing, gross 1Q 23 +5% +20% +8% +3% 1Q 2023 INVESTOR PRESENTATION 38/48#39Segmental Performance - Retail Strong financing and deposit growth driving operating income growth of 51% YoY SAR (mn) Retail NPL (%) 1Q 2023 4Q 2022 A% 1Q 2022 A% 2.0% مصرف الإنماء alinma bank 1.9% 1.6% Income from investments and financing, net 885 859 +3% 569 +55% 1.2% Fees from services & other income 64 98 -35% 58 +9% 0.8% Total operating income 949 957 -1% 628 +51% 0.4% Total operating expenses 395 451 -12% 357 +11% 0.0% Total charges/(reversals) for impairments 326 226 +45% (29) +1237% 1Q 22 2Q 22 3Q 22 4Q 22 1Q 23 Income for the period before zakat 227 280 -19% 299 -24% Retail Deposits (SARbn) +12% Retail Financing (SARbn) +30% 91.0 92.0 91.1 97.1 102.1 30.8 32.9 35.9 37.3 40.2 Management Commentary ■ Retail operating income rose by 51% YoY to SAR 949mn from 55% increase in funded income and a 9% increase in non-funded income. ■ Retail net income fell by 24% YoY due to a significant increase in impairments and a 11% increase in operating expenses YoY. ■ Retail deposits increased 5% while financing increased by 8% during 1Q 2023. 1Q 22 2Q 22 3Q 22 4Q 22 1Q 23 1Q 22 2Q 22 3Q 22 4Q 22 1Q 23 QoQ +1% -1% +7% +5% QoQ +6% +9% +4% +8% ■ The retail NPL ratio increased during 1Q 2023 to 1.9%. 39/48 1Q 2023 INVESTOR PRESENTATION#40Segmental Performance - Corporate Strong income growth and lower impairments translate to significant net income growth YoY SAR (mn) 1Q 2023 4Q 2022 A% 1Q 2022 A% Financing, Gross Composition (SARbn) 18% Income from investments and financing, net 709 802 -12% 495 +43% 29% Fees from services & other income 119 116 +3% 87 +36% 117.0 15% Total operating income 828 917 -10% 583 +42% Total operating expenses 201 157 +28% 155 +30% 8% 12% Total charges/(reversals) for impairments 11 208 -95% 270 -96% 9% 9% Income for the period before zakat 616 553 +12% 158 +291% Corporate Deposits (SARbn) +38% Corporate Financing (SARbn) +15% 28.4 24.4 23.7 23.7 102.1 102.2 107.9 113.2 117.0 20.6 1Q 22 2Q 22 3Q 22 4Q 22 1Q 23 1Q 22 2Q 22 3Q 22 4Q 22 1Q 23 QoQ +18% -3% +0% +20% QoQ +0% +6% +5% +3% 1Q 2023 INVESTOR PRESENTATION مصرف الإنماء alinma bank Real Estate Services Government Commerce Manufacturing Building & construction Other Management Commentary ■ ☐ Corporate operating income rose by 42% YoY to SAR 828mn from 43% increase in funded income and a 36% increase in non-funded income. This income growth, together with lower impairments, translated to 291% net income growth despite a 30% rise in operating costs. Corporate financing rose by 3% during 1Q 2023 while corporate deposits increased 20%. ■ The corporate NPL ratio decreased 0.2ppts YoY to 2.2%. 40/48#41Segmental Performance - Treasury Income and net income decreased YoY SAR (mn) 1Q 2023 4Q 2022 A% 1Q 2022 A% Investments (SARbn) +11% مصرف الإنماء alinma bank Income from investments and financing, net 114 (17) -788% 224 -49% Investment-related income 45 50 -10% 95 +52% 36.0 37.7 38.3 38.5 39.9 Fees from services & other income 71 102 -31% 80 -11% Total operating income 230 86 +168% 398 -42% Total operating expenses 93 64 +46% 69 +34% Total charges/(reversals) for impairments 5 4 ++ +37% 2 +131% Net operating income 132 18 +618% 326 -60% Share of income/(loss) from an associate and joint venture 2 2 -4% (2) +198% 1Q 22 2Q 22 3Q 22 4Q 22 1Q 23 QoQ +5% +1% +1% +4% Income before Zakat 134 21 +545% 324 -59% Treasury Assets (SARbn) +21% 59.0 48.7 51.5 51.3 52.4 1Q 22 2Q 22 3Q 22 4Q 22 QoQ +6% -0% +2% 1Q 2023 INVESTOR PRESENTATION 1Q 23 +13% Management Commentary ■ Treasury operating income fell by 42% YoY to SAR 230mn in 1Q 2023 due to decrease in investment related income by 49%. Treasury assets rose by 13% during 1Q 2023 to SAR 59bn, driven by 4% growth in the investment portfolio to SAR 39.9bn. 41/48#42Segmental Performance - Investments & Brokerage Modest funded income growth in 1Q 2023 مصرف الإنماء alinma bank Assets Under Management (SARbn) SAR (mn) 1Q 2023 4Q 2022 A% 1Q 2022 A% -1% 76.3 77.5 73.5 76.2 75.6 Income from investments and financing, net 27 24 +13% 23 +17% Fees from services & other income 146 164 -11% 176 -17% Total operating income Total operating expenses Income before Zakat 173 173 69 69 188 -8% 199 -13% 79 -13% 61 +13% 104 106 -2% 139 -25% 1Q 22 2Q 22 3Q 22 4Q 22 1Q 23 QoQ +2% -5% +4% -1% Brokerage Trading Income (SARmn) +1% 26.7 26.9 Brokerage Trading Values (SARbn) 36.7 -60% 14.7 1Q 22 1Q 23 1Q 22 1Q 23 Management Commentary ■ Investment and brokerage (I&B) operating income fell by 13% YoY to SAR 173mn from 17% decrease in non-funded income. ■ I&B net income decreased 25% YoY from a decrease in income and a 13% increase in expenses. ☐ Brokerage trading income for 1Q 2023 increased by 1% while brokerage trading values decreased 60% YoY, and AUM decreased by 1% YoY. 1Q 2023 INVESTOR PRESENTATION 42/48#43Outlook & Guidance 1158< 1Q 2023 Lean My سداد 0 7512 SAR U OSM -1 11a SA 1660 201 satst مصرف الإنماء alinma bank digital. fast. convenient.#44Guidance Acceleration of strategic execution drives a promising outlook for 2023 1Q 2023A Drivers مصرف الإنماء alinma bank 2023G Balance Sheet Financing Growth +19% YoY Strong Mid-Corp, SME & Retail growth from strategic initiatives; pick up in corporate financing Mid teens Net Profit Margin 3.80% +49bps YoY Rising rates and funding mix supportive of improving margin +35bps to +45bps Profitability Cost to Income Ratio 34.8% Growth in income, digitization & process optimization driving efficiencies, partly offset by strategic investments Below 32% Return on Equity 14.1% Improving NPM, efficiency and COR driving improving Above 17% ROE Asset Quality Cost of Risk 0.88% Cautiously expecting stable credit quality and NPL coverage, leading to COR moderation 60-70bps Capital CAR Pillar 1 1Q 2023 INVESTOR PRESENTATION 19.1% Increasing RWAs from strong expected financing growth Return on Equity Target for 2025 above 18% 17%-18% 44/48#45Appendix 1Q 2023 مصرف الإنماء alinma bank digital. fast. convenient.#46ESG in Action Alinma is progressing on key initiatives to drive the ESG agenda and enhance its ratings Environment مصرف الإنماء alinma bank Deployment of digital channels and digital signatures to reduce paper; digital zones are available in all branches Energy efficient lighting are now in all branches. Planning to extend to Head Office Air conditioning timers installed in 40 branches; 20% reduction in electricity usage Renewable (solar) energy sources are now installed on 28 branches Fifi Social +26,745 employee training hours and +6 employee townhalls Governance 1% of annual profit allocated to CSR activities; Bank AGM approved new CSR policy with more focus on sustainable CSR 1st KSA bank to sign the Women's Empowerment Principles (WEPs); 31% new women hires in 1Q 23 Community focus with growth YoY in SME financing from Kafalah (+48%) and POS (+131%) programs Shariah compliance through regular internal audits and committee oversight SAMA and CMA compliance in regulatory & financial disclosures and adoption of internal controls Institutionalization of the investor relations function with enhanced transparency & investor communication ✗ Cybersecurity monitoring and initiatives which cover data governance and protection MSCI BB SUSTAINALYTICS 30.9 11/100 ESG Score Latest ESG Ratings a Morningstar company AAA AA A BBB BB B CCC Negligible Low Medium Leader Average Laggard 0-10 10-20 20-30 High 30-40 Severe S&P Global 40+ 1Q 2023 INVESTOR PRESENTATION 25/100 ESG Score ESG Invest By SUSTAINABILITY EXCELLENCE 46/48#47IR Contacts مصرف الإنماء alinma bank Ahmed Sager Head of Investor Relations Mobile: +966-53-775-3352 Direct: +966-11-218-6364 Email: [email protected] Ibrahim Al Khudair Investor Relations Assistant Manager Mobile: +966-55-788-5520 Direct: +966-11-218-6181 Email:[email protected] Visit our new website here for more investor disclosures: Financial statements Annual reports Investor presentations Earnings call transcripts Al Anoud Tower, King Fahad Road P.O. Box 66674, Riyadh 11586 Kingdom of Saudi Arabia Tel.: +966-11-218-5555 Fax: +966-11-218-5000 Website: www.alinma.com digital. fast. convenient.#48Disclaimer مصرف الإنماء alinma bank This presentation is being provided to you for general information purposes only. The information contained in the presentation has been obtained from sources believed by Alinma Bank ("Alinma") to be up to date, correct and reliable, but Alinma does not make any representation or warranty, express or implied, with respect to the fairness, correctness, accuracy, reliability, reasonableness or completeness of the information so provided and/or the opinions or analyses drawn therefrom. The information provided does not constitute or form part of any legal advice or legal opinion. No advisory, fiduciary or other relationship is created between Alinma and you or any person accessing or otherwise using any information so provided in the presentation, nor does the information constitute an offer or invitation to sell or issue, or a solicitation of any offer to purchase or subscribe for, securities, nor shall it or any part of it, nor the fact of its distribution, form the basis of, or be relied on in connection with, any contract or investment decision in relation thereto. It is not a recommendation by Alinma to purchase securities. Before using the information so provided, you must seek your own independent advice in relation to any investment, financial, legal, Shariah, tax, accounting or regulatory issues discussed and the presentation shall not be construed as constituting tax, investment or legal advice. Analyses and opinions contained herein may be based on assumptions that if altered can change the analyses or opinions so expressed. Nothing contained herein shall constitute any representation or warranty as to future performance or results of any financial instrument, credit, currency, rate or other market or economic measures. Furthermore, past performance is not necessarily, and shall not be deemed to be, indicative of future results. Alinma and its affiliates, and any of its directors, officers, employees, agents, advisors, contractors, and suppliers, disclaim liability and, thus, will not be liable for any loss, damages, actions or course of actions, of whatsoever nature, arising out of or in connection with the use of, or reliance on, this presentation. Any opinion, estimate or projection in this presentation constitutes an opinion, estimate or projection as of the date of this presentation, and no assurance is hereby made that future results will be consistent with any such opinion, estimate or projection. Further, Alinma has no obligation to update, modify or amend either this presentation or the information therein provided or to otherwise notify any recipients of the presentation if any of the information, opinion, projection, forecast or estimate set forth herein, changes or subsequently becomes inaccurate. The information in this presentation is subject to change without notice, and it may be incomplete or condensed, and it may not contain all material information concerning Alinma. This document has been furnished to you solely and exclusively for your information. It is not intended for distribution to the press or other media, or for any public distribution, and may not be reproduced or redistributed by mail, facsimile, electronic or computer transmission or by any other means to any other person without the express consent of Alinma. By accepting this document you agree to be bound by the limitations set out in this disclaimer. The distribution of this document in other jurisdictions may be restricted by law and persons who come into possession this document must inform themselves about, and observe and obey, any such restrictions. You understand that in order for you to be eligible to view the Information, you must be a "sophisticated investor" within the meaning of the Offers of Securities Regulations issued by the Capital Market Authority of the Kingdom of Saudi Arabia, and either you must have the expertise, or you must consult a financial advisor, for you to evaluate the performance of securities under changing conditions. The costs of such an evaluation will be solely for your account. 48/48