#1Investor Presentation 3Q 2021 November 2021 خروج EXIT interactive interactive Interactive مصرف الإنماء alinma bank digital. fast. convenient.#2Table of Contents 1 Alinma Profile 2 Strategy 3 4 5 Historical Financial Performance 9M 2021 Financial Performance Segmental Performance וס 6 Appendix 3Q 2021 INVESTOR PRESENTATION مصرف الإنماء alinma bank 2/41#3Alinma Profile 3Q 2021 Pay مدى mada 1234 1234 1234 1234 VALID 12/23 THRU 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 2020 مصرف الإنماء alinma bank i+A 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 though 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 3Q 2021 INVESTOR PRESENTATION 4/41#5At a Glance Alinma is the youngest bank in KSA 11.4 m 381K Monthly Average Users Smartphone Daily Average Users Retail Digital Snapshot #2 in KSA #3 in KSA #4 in KSA 22.4% CAR 1.72% ROA 11.2% ROE 22.4% CAR 21.3% T1 1.07% COR 3Q 2021 INVESTOR PRESENTATION 2.3% NPLs +33% Net Income YoY Financial 156.8% NPL Coverage 98.92% Digital Transactions Position 2.76m Customers KSA Market Share Stock Highlights #5 Traded Stock in KSA SAR 43.4 bn Value Traded (YTD) SAR 48.0 bn Market Capitalization مصرف الإنماء alinma bank 5.66% Assets 6.44% Financing 5.67% Deposits 5.80% Net Income 12.53% Foreign Ownership 10% Owned by Public Investment Fund SOURCE: Bank Financial Statements 5/41#6Strategy 11:58 3Q 2021 Lean Mekl سداد 7512 SAR UNPAD SUBTO 201 1 15 IMP $1430 S مصرف الإنماء alinma bank digital. fast. convenient.#7Strategic Positioning Alinma Bank's strategic positioning cascades down into each business strategy > Be recognized and celebrated as the fastest and most convenient bank in KSA Be the #1 in Net Promoter Score (NPS) across KSA Banks Excellence Shariah Compliance Digital Corporate Retail Treasury 3Q 2021 INVESTOR PRESENTATION مصرف الإنماء alinma bank 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 Be the #1 Employer of choice across KSA Banks 7/24#8Retail Focus on building two customer franchises Focus to date Expanding customer base Digitally-savvy Affluent and HNW Digitally-savvy 2 Youth مصرف الإنماء alinma bank ㅁ Alinma Retail Vision 35-50 year-old customers, in the wealth segment... Drive growth in deposits Young Saudi professionals and University students 18-35 year-old customers, in the wealth segment... Drive growth in financing "Be the most digitally advanced, fastest, and most convenient Retail Bank in KSA" Acquisition focused on wealth segments Future Experienced professionals and self-employed Saudis Focus Gold, Platinum, Diamond, and Private segment customers driving majority of deposits Digital capabilities to acquire customers 3Q 2021 INVESTOR PRESENTATION 8/41#9Corporate Evolve the bank and diversify across sectors Focus to date Large corporates and project finance Large, mid-corporate & project finance 2 High-quality SME portfolio 3 Global Transaction Banking (GTB) - Cash & Trade Management مصرف الإنماء alinma bank ㅁ Alinma Corporate Vision specialists and industry experts Focused on lending Drive customer centricity, aligning RMs, product Future Focus Leveraging Kafalah program Revamp commercial processes Tech-enabled front line Enhance product & channel offering in cross- sell categories Integrate offering Foster Kafalah program lending Extend SME portfolio in 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" 3Q 2021 INVESTOR PRESENTATION 9/4 /41#10Treasury 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 Fl customers serviced well 3Q 2021 INVESTOR PRESENTATION Future Focus Derivative products 2 Enhanced financial institutions franchise 3 High Quality Asset Liability Management مصرف الإنماء alinma bank ㅁ Alinma Corporate 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" 10/41#11Digital 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 ㅁ Alinma Corporate Vision Pursuing initiatives across Advanced Analytics and Big Data, Al and RPA Accelerate digitization Future Focus Progress on Advanced Projects are driven by Agile ways of working Analytics while building new capabilities Reinvent the customer experience and improve multi-channel capabilities Leverage the ecosystem to create innovative and unique propositions Deliver with speed, quality and efficiency Improve ways of working, e.g. Agile delivery, DevOps, etc. Establish the digital factory to power rapid delivery and foster innovation Streamline Operations team through digitalization of services and processes Improve efficiency through digitization of services and products "Be recognized and celebrated as the fastest and most convenient bank in KSA" 3Q 2021 INVESTOR PRESENTATION 11/41#12مصرف الإنماء alinma bank digital. fast. convenient. 9:59 40 m Alinmapay = إضافة رصيد Pay الرصيد 8500.75 الدوري إلى محفظة ملية التحويل المدفوعات الحكومية ன்கள تحويل ويستري تحويل محلي محمود 10:00 العمليات السابقة شراء من خلال نقاط البيع 100 ريال اليوم السابع شراء من خلال 200 ريال المحادثات الرئيسية Historical Financial Performance#13Balance Sheet Track Record Solid history of strong balance sheet momentum... Total Assets (SARbn) Financing (SARbn) +12% CAGR مصرف الإنماء alinma bank Customers' Deposits (SARbn) +11% CAGR +10% CAGR 156.9 111.2 119.5 104.7 114.8 121.5 131.8 94.8 102.1 79.1 83.9 70.3 80.6 89.1 90.1 2016 2017 2018 YOY +10% +6% 2019 +8% 2020 +19% 2016 2017 2018 2019 YOY +12% +6% +13% 2020 +17% 2016 2017 2018 YOY +10% +1% 2019 +13% 2020 +17% NPL Ratio (%) 3% 2% 1% Liquidity (%) 200% 2.5% 150% 100% 50% Capitalization (%) 22% 188.2% 20% 110.2% 81.2% 18% 19.3% 18.2% 0% 0% 16% 2016 2017 2018 2019 2020 2016 2017 2018 2019 2020 2016 2017 2018 2019 2020 LDR SAMA Ratio .NSFR LCR .CAR .T1 ratio 3Q 2021 INVESTOR PRESENTATION 13/41#14P&L Track Record ...translating to consistently strong top-line growth and solid profitability Total Operating Income* (SARmn) Total Operating Expenses* (SARmn) Net Income (SARmn) مصرف الإنماء alinma bank +14% CAGR +18% CAGR +7% CAGR 5,610 5,682 3,484 2,857 4,373 4,845 2,535 2,783 3,328 2,356 2,322 2,011 1,966 1,813 1,502 2016 2017 2018 YOY +31% +11% 2019 +16% 2020 2016 +1% YOY 2017 +30% 2018 -1% 2019 +20% 2020 +25% 2016 2017 2018 YOY +34% +42% 2019 -11% 2020 -22% Net Profit Margin (%) 6% 4% 2% 0% Cost To Income Ratio (%) 60% 4.25% 3.61% 40% Cost of Risk (%) 1.5% 1.0% 36.4% 1.34% 20% 0.5% -0.72% 0% 0.0% 2016 2017 2018 2019 2020 2016 2017 2018 2019 2020 -2% 2016 2017 2018 2019 2020 Net profit margin Yield rate COF rate *Comparatives are reclassified to align with the 3Q 2021 financial statements 3Q 2021 INVESTOR PRESENTATION 14/41#159M 2021 Financial Performance 3Q 2021 مصرف الانماء alinma bank Banking Kiosk مصرف الإنماء alinma bank digital. fast. convenient.#163Q 2021 Balance Sheet Highlights Solid balance sheet growth during 9M 2021 from 15% financing growth YoY Total Assets (SARbn) Total Liabilities (SARbn) Total Equity (SARbn) مصرف الإنماء alinma bank +6% +3% +23% 147.8 156.9 160.0 164.1 166.8 132.4 134.9 138.9 136.6 30.2 123.8 24.0 24.4 25.1 25.2 3Q 20 4Q 20 1Q 21 2Q 21 3Q 21 3Q 20 4Q 20 1Q 21 2Q 21 3Q 21 3Q 20 4Q 20 1Q 21 2Q 21 3Q 21 QoQ +6% +2% +3% +2% QoQ +7% +2% +3% -2% QoQ +2% +3% +0% +20% 3Q 21 Financing 3Q 21 Customers' Deposits 3Q 21 CASA Deposits 3Q 21 CASA % of Total Deposits 3Q 21 LDR SAMA Ratio 3Q 21 CAR 121.3 116.7 SARbn SARbn +15% YOY +5% YOY 3Q 2021 INVESTOR PRESENTATION SARbn 74.7 65.1% 85.5% +14% YOY +6.4ppts YTD +4.4ppts YTD 22.4% +3.1ppts YTD 16/41#179M 2021 P&L Highlights Net income for 9M 2021 grew by 33% YoY due to 22% income growth Total Operating Income (SARmn) Total Operating Expenses (SARmn) Net Income (SARmn) +16% +16% مصرف الإنماء alinma bank +17% 1,480 1,610 1,606 1,655 1,724 1,174 710 738 629 642 887 863 897 771 394 3Q 20 4Q 20 1Q 21 2Q 21 3Q 21 3Q 20 4Q 20 1Q 21 2Q 21 3Q 21 3Q 20 4Q 20 1Q 21 2Q 21 3Q 21 QoQ +9% -0% +3% +4% QoQ +52% -24% -3% +4% QoQ -37% +63% +11% +4% 9M 21 Funded Income 9M 21 Non-Funded Income 9M 21 Net Income 9M 21 Net profit margin 9M 21 Cost to Income ratio 9M 21 ROE SARmn 3,828 +11% YOY 3Q 2021 INVESTOR PRESENTATION SARmn 1,157 SARmn 2,090 3.45% +81% YOY +33% YOY -21bps YOY 33.7% -4.2ppts YoY 11.2% +222bps YoY 17/41#18Balance Sheet Trends Solid balance sheet growth from growth in financing and investments Management Commentary ■ Growth in total assets of 6% YTD driven by 9% financing growth and 8% growth in investments. ■ Total liabilities grew by 3% during 9M 2021 YTD mainly from 97% growth in liabilities due to SAMA, banks and other Fl offset by a 2% decline in customers' deposits. Total Assets Movement YTD (SARbn) 156.9 2.4 +6% مصرف الإنماء alinma bank 10.1 0.1 166.8 (2.6) SAR (mn) 3Q 2021 4Q 2020 A% 3Q 2020 A% Total assets 4Q 20 Cash, interbank & SAMA Investments Financing Other Total assets 3Q 21 Cash, interbank & SAMA balances 10,019 12,651 -21% 12,539 -20% balances -21% +8% +9% +2% Investments 31,886 29,526 +8% 26,460 +21% Financing 121,318 111,196 +9% 105,325 +15% Other assets 3,586 3,505 +2% 3,526 Total assets 166,808 156,877 +6% 147,850 +2% +13% Total Liabilities Movement YTD (SARbn) Due to SAMA, banks & other Fl 14,401 7,312 +97% 8,042 +79% +3% Customers' deposits 116,652 119,454 -2% 111,318 +5% Other liabilities Total liabilities 5,591 136,644 132,448 5,682 -2% 4,451 +26% 132.4 7.1 +3% 123,811 +10% Share capital 20,000 20,000 +0% 20,000 +0% (2.8) 136.6 (0.1) Retained earnings 4,528 3,760 +20% 3,884 +17% Total liabilities Other reserves 636 669 -5% 155 +310% 4Q 20 Due to SAMA, banks Customers' deposits & other Fl Other Total liabilities 3Q 21 Tier 1 sukuk 5,000 100% 100% Total equity +97% -2% -2% 30,164 24,429 +23% 24,039 +25% 3Q 2021 INVESTOR PRESENTATION 18/41#19P&L Trends Net income for 9M 2021 grew by 33% YoY due to 22% income growth Management Commentary ■ Net income for 9M 2021 grew 33% YoY to SAR 2,090mn from 22% income growth despite a 26% increase in impairments and 9% higher operating expenses ■ 3Q 2021 net income improved 17% YoY to SAR 738mn driven by 16% increase in income partially offset by a 19% increase in impairments. SAR (mn) Net Income Movement YoY (SARmn) +33% 519 394 1,572 مصرف الإنماء alinma bank 2,090 (139) (197) (10) (50) 9M 2021 9M 2020 A% 3Q 2021 3Q 2020 A% Net income 9M 20 Funded income Non-Funded Operating Impairments Associate & income Expenses JV Zakat Net income 9M 21 Funded income 3,828 3,434 +11% 1,393 1,185 +17% Non-Funded income 1,157 638 +81% 331 295 +12% Total operating income 4,985 4,072 +22% 1,724 1,480 +16% Operating Income Composition (SARmn) Operating Expenses 1,681 1,542 +9% 618 537 +15% Net operating income before 3% 0.4% 3% Funded income 3,304 2,529 +31% 1,106 942 +17% impairment charge Fees from services Impairments 965 768 +26% 279 234 +19% 17% Net operating income 2,339 1,761 +33% 827 709 +17% 4,985 Exchange income Income before zakat & income tax 2,331 1,762 +32% 823 715 +15% Investment gains/dividends Zakat 240 190 +26% 85 86 -1% 77% Other income Net income 2,090 1,572 +33% 738 629 +17% 3Q 2021 INVESTOR PRESENTATION 19/41#20Financing Solid 10% increase in gross financing mainly from growth in corporate Financing, Gross (SARbn) +10% 120.7 123.5 125.5 114.5 108.1 Financing, Gross Movement YTD (SARbn) +10% مصرف الإنماء alinma bank 8.3 0.2 125.5 114.5 2.0 0.5 84.9 90.3 94.8 97.1 98.8 23.2 24.2 25.9 26.4 26.7 QoQ 3Q 20 +6% 4Q 20 +5% 1Q 21 +2% 2Q 21 +2% 3Q 21 gross 4Q 20 Total financing, Home financing Personal & other retail financing Corporate SME Total financing, Retail Corporate +17% +4% +10% +6% gross 3Q 21 Financing, Gross Composition (SARbn) 79% 125.5 3Q 2021 INVESTOR PRESENTATION Financing, Gross Composition (SARbn) 10% 21% Retail 11% 3% 125.5 Corporate Corporate SME Home financing 76% Personal & other retail financing Management Commentary ■ Gross financing grew 10% during 9M 2021. ■ Retail financing grew 10% from a strong ☐ momentum in home financing (+17%) and robust personal & other financing growth (+4%). Corporate financing grew 9% across both large corporate (+10%) and SME financing (+6%) during 9M 2021. 20/41#21Investments Healthy 8% growth in investments from a 28% increase in Sukuk investments YTD Investments (SARbn) Investments Composition (SARbn) 29.5 28.8 26.5 +8% 30.7 31.9 3Q 20 4Q 20 1Q 21 2Q 21 3Q 21 QoQ +12% -2% +7% +4% Investments Composition (SARbn) 7% 0.2% Held at amortized cost Held at FVOCI C 72% 21% 31.9 3Q 2021 INVESTOR PRESENTATION Held at FVSI 4% 7% 31.9 مصرف الإنماء alinma bank ■Sukuk Funds Equities & other 89% Associate & JV Management Commentary Investments grew 8% during 9M 2021 mainly attributed to 28% growth in investments in FVOCI Sukuk, partly offset by a 74% decline in equities & other investments. ■ The investment portfolio as at 30 September 2021 comprised of 89% Sukuk investments, 7% funds and 4% equities & other investments. 21/41#22Deposits Modest decline of 2% in deposits in 9M 2021 from balance sheet optimization Customers' Deposits (SARbn) Customers' Deposits Movement YTD (SARbn) -2% 119.5 120.7 125.9 111.3 116.7 119.5 70.1 72.2 79.5 66.3 75.9 (8.7) -2% مصرف الإنماء alinma bank 5.9 116.7 45.0 49.4 48.6 46.4 40.7 QoQ 3Q 20 +7% 4Q 20 +1% 1Q 21 +4% 2Q 21 -7% 3Q 21 Total customers' deposits Time CASA Total customers' deposits 4Q 20 3Q 21 Time CASA -18% +8% Customers' Deposits Composition (SARbn) Customers' Deposits Composition (SARbn) Time 34% 35% 116.7 65% CASA 3Q 2021 INVESTOR PRESENTATION Retail 116.7 Non-retail 66% Management Commentary Deposits fell slightly by 2% during 9M 2021 as growth in CASA deposits of 8%, issuance of 5bn Tier 1 Sukuk and receipt of additional SAMA deposits allowed for a reduction in more expensive time deposits of 18%. ■ CASA deposits account for 65% of total deposits Total deposits comprise of 66% retail and 34% non-retail deposits as at 30 September 2021. 22/41#23Income from Financing & Investments Growth of 3% in gross funded income from growth in both investments and financing income Funded Income, Gross (SARmn) Funded Income, Gross Movement YoY (SARmn) +12% 1,511 1,355 1,377 1,349 1,362 68 4,093 1,185 1,193 1,166 1,300 1,161 مصرف الإنماء alinma bank +3% 61 4,222 169 184 183 201 212 QoQ 3Q 20 +2% 4Q 20 -2% 1Q 21 +1% 2Q 21 +11% 3Q 21 Funded Income, Gross Investments Financing Funded Income, Gross 9M 20 9M 21 Investments Financing +13% +2% Investments Financing Management Commentary ■ Gross funded income for 9M 2021 increased by 3% to SAR 4,222mn with a 13% increase in investment income and a 2% rise in financing income. ■ Gross funded income is attributable to 44% retail, 37% corporate and 17% treasury segments. ■ Income from financing makes up 86% of total gross funded income and income from investments comprises 14%. Funded Income, Gross Composition (SARmn) Funded Income, Gross Composition (SARmn) 2% 17% Retail 14% 44% Corporate 4,222 4,222 Treasury 37% Investments & brokerage 86% 3Q 2021 INVESTOR PRESENTATION 23/41#24Net Profit Margin Lower financing and investment yields contributed to a 22bps lower profit margin YoY Average Balance of Investments & Financing (SARbn) Net Profit Margin Movement YoY (%) +10% 139.2 143.2 131.2 148.7 152.7 3.66% 105.3 109.5 116.2 120.3 122.5 -21bps مصرف الإنماء alinma bank 0.35% 3.45% -0.03% -0.53% 25.9 29.7 27.0 28.4 30.1 QoQ 3Q 20 +6% 4Q 20 +3% 1Q 21 +4% 2Q 21 +3% 3Q 21 Net profit margin 9M 20 Investments yield Financing yield COF rate Net profit margin 9M 21 Net Profit Margin (%) SAIBOR: 3M Average Trend (%) 1.0% 0.92% 4.0% 3.8% 3.66% 0.9% 3.61% 0.9% 3.6% 3.45% 3.41% 0.84% 0.81% 0.79% 0.80% 3.36% 0.8% 3.4% 0.8% 3.2% 0.7% 3.0% 9M 20 FY 20 1Q 21 1H 21 9M 21 9M 20 FY 20 1Q 21 1H 21 9M 21 3Q 2021 INVESTOR PRESENTATION Management Commentary ■ The net profit margin decreased by 21bps YoY to 3.45% in 9M 2021 aligned with a continued decline in SAIBOR rates YoY impacting financing yields. ■ The decline in profit margin was however partly offset by a 36bps reduction in funding costs. 24/41#25Fee and Other Income مصرف الإنماء alinma bank Non-funded income for 9M 2021 grew strongly by 81% YoY from banking service fees and investment gains/dividends Non-Funded Income (SARmn) Non Funded Income, Movement (SARmn) +12% 396 402 424 331 295 240 49 113 142 73 57 638 347 288 238 282 259 QoQ 3Q 20 +34% 4Q 20 +1% 1Q 21 +6% 2Q 21 -22% 3Q 21 Fees from banking services Other income Fees from Banking Services, Gross Composition (SARmn) 8% 8% 47% 1,162 37% 3Q 2021 INVESTOR PRESENTATION Non-Funded income 9M 20 (16) +81% 279 15 1,157 Fees from banking services Exchange income Investment gains/dividends Other income Non-Funded income 9M 21 +41% -9% +197% +240% Card services Fund management & other fees Brokerage fees Trade finance services Management Commentary ■ Non-funded income for 3Q 2021 increased 12% YoY to SAR 331mn from growth in fees from banking services and other income driven by higher investment gains/dividends. ■ Non-funded income for 9M 2021 increased 81% YoY to SAR 1,157mn from strong growth in fees from banking services (+41% driven by higher fund management and card service fees) and higher investment gains/dividends (+197%). ■ Gross fees from card services make up the majority of fee income at 47%, while 37% comprises of fund management & other fees, 8% brokerage fees and 8% trade finance service fees. 25/41#26Operating Expenses 9M 2021 saw 9% growth in operating expenses YoY mainly from a rise in Government and other expenses Operating Expenses (SARmn) Operating Expenses Movement YoY (SARmn) مصرف الإنماء alinma bank +15% 618 537 524 543 521 266 198 203 1,542 16 231 197 59 61 63 61 64 280 229 279 263 288 +9% 125 1,681 (2) QoQ 3Q 20 -3% 4Q 20 +4% 1Q 21 -4% 2Q 21 +19% 3Q 21 9M 20 Salaries & employee-related Depreciation & amortization Other G&A Operating Expenses Salaries & employee-related +2% Depreciation & amortization -1% Other G&A Operating Expenses 9M 21 +23% Operating Expenses Composition Cost to Income Ratio (%) (SARmn) 40% ■■Salaries & employee-related 35% 40% Depreciation & amortization 1,681 49% 30% 11% 3Q 2021 INVESTOR PRESENTATION 37.9% 36.4% 33.8% 33.7% 32.6% Other & general admin 25% 9M 20 FY 20 1Q 21 1H 21 9M 21 Management Commentary ☐ Operating expenses increased 9% YoY to SAR 1,681mn for 9M 2021 mainly due to the increased rate of VAT in KSA from 5% to 15% from 1 July 2020 as well as higher communication expenses, POS terminal costs, software maintenance and subscriptions. ■ The cost to income ratio rose QoQ to 33.7% for 9M 2021 but is overall lower YoY from 37.9% in 9M 2020 despite this increase in operating expenses. 26/41#27Impairments from Financing The impairment charge for 3Q 2021 increased 21% YoY due to increased provision coverage Impairments for Financing (SARmn) +21% Impairments Composition (SARmn) 10% 231 637 347 337 279 3Q 20 4Q 20 1Q 21 2Q 21 3Q 21 QoQ +176% -46% -3% -17% Cost of Risk (%) 1.4% 1.1% 0.8% 0.5% 9M 20 FY 20 1Q 21 1H 21 3Q 2021 INVESTOR PRESENTATION 9M 21 1.07% 90% 279 C مصرف الإنماء alinma bank Retail Corporate Management Commentary ■ The total impairment charge for financing for 3Q 2021 increased by 21% YoY to SAR 279mn; it has however significantly declined from the 4Q 2020 level as coverage was enhanced during that quarter for selected corporate accounts. ■ Cost of risk for 9M 2021 has declined back to similar levels as 9M 2020 at 1.07%. 27/41#28Non-Performing Loans The NPL ratio has improved YTD to 2.3% Non-Performing Loans, Gross (SARbn) 2.9 2.7 2.2 +0% 2.8 2.9 NPL Movement, Gross YTD (SARbn) 2.9 2.6 2.5 2.6 2.7 2.0 (0.1) +0% 0.1 10 مصرف الإنماء alinma bank 2.9 0.2 0.3 0.2 QoQ 3Q 20 +29% 4Q 20 -5% 1Q 21 +3% 0.2 2Q 21 0.2 +2% 3Q 21 Total NPL Retail Corporate 4Q 20 Total NPL 3Q 21 Retail Corporate -38% +4% NPL Composition (SARbn) 94% 6% NPL Ratio (%) 3% 2.5% 2.2% 2.3% 2.3% 2.1% Retail 2% 1% 2.9 Corporate 0% 3Q 20 4Q 20 1Q 21 2Q 21 3Q 21 3Q 2021 INVESTOR PRESENTATION Management Commentary ■ The NPL ratio stood at 2.3% at 3Q 2021 with non- performing loans remaining stable YTD. ■ Retail financing which account for the smaller proportion of NPLs declined by 38%, while corporate NPLs increased by 4% YTD. ■ The NPL ratio for retail stood at 0.60% while corporate stood at 2.73% as at 3Q 2021. 28/41#29مصرف الإنماء alinma bank NPL Coverage NPL coverage and stage wise financing coverage improved during 9M 2021 Stage-Wise Financing, Gross (SARbn) Stage-Wise Financing, Gross Composition (SARbn) +10% 108.1 114.5 120.7 123.5 125.5 2.7 2.8 2.9 2.9 2.2 6.5 6.9 6.8 6.7 6.9 99.0 104.9 111.6 113.8 115.8 QoQ 3Q 20 +6% 4Q 20 +5% 1Q 21 +2% 2Q 21 +2% 3Q 21 Stage 1 Stage 2 Stage 3 2% 6% О 125 NPL Coverage Ratio (%)* 200% Stage-Wise Coverage (%) 67.1% 61.0% 61.0% 70% 52.8% 48.7% 175% 156.8% 50% 146.3% 150.0% 150% 133.6% 126.7% 125% 20.4% 23.0% 24.5% 30% 14.3% 2.6% 10% 1.5% 0.8% 0.6% 0.5% 0.5% 100% -10% 3Q 20 4Q 20 1Q 21 2Q 21 3Q 21 3Q 20 4Q 20 1Q 21 2Q 21 *ECL included on non-funded expose ■Stage 1 ■Stage 2 3Q 21 Stage 3 3Q 2021 INVESTOR PRESENTATION Stage 1 Stage 2 Stage 3 92% Management Commentary ■ NPL coverage improved by 29ppts YTD to 156.8%. Financing balances in Stage 3 increased by 10% YTD while Stage 2 and 3 financing have increased modestly by 1% and 0% respectively. Stage-wise coverage has steadily increased during the year with Stage 1 at 0.5%, Stage 2 at 24.5% and Stage 3 at 67.1%. 29/41#30Capitalization Capitalization improved in 3Q 2021 from successful SAR 5bn Tier 1 Sukuk issuance Total Capital (SARbn) +22% Risk Weighted Assets (SARbn) +5% مصرف الإنماء alinma bank 32.5 133.1 138.3 142.5 143.5 145.2 26.2 26.7 27.4 27.5 4.0 1.6 4.5 5.0 TO.1 10.4 3.6 10.7 3.4 11.0 9.9 1.5 1.5 1.6 1.6 24.8 25.2 30.9 25.8 25.9 118.2 123.7 128.1 129.2 130.8 QoQ 3Q 20 +2% 4Q 20 +3% 1Q 21 +0% 2Q 21 +18% 3Q 21 QoQ 3Q 20 +4% 4Q 20 +3% 1Q 21 +1% 2Q 21 +1% 3Q 21 Tier 1 Capital Tier 2 Capital Credit Operational Market Capital Adequacy Ratio (%) Total Capital Movement YTD (SARbn) Profitability (%) 15% 25% 22.4% +22% 23% 21% 19.7% 19.3% 19.2% 19.2% 10.4% 10.9% 11.2% 9.0% 8.4% 10% 5.0 0.0 32.5 21.3% 26.7 2.1 19% 17% 18.6% 18.2% (1.3) 5% 1.5% 1.4% 1.6% 1.7% 1.7% 18.1% 18.1% 15% 3Q 20 4Q 20 1Q 21 2Q 21 3Q 21 Total capital Net income Dividend 4Q 20 paid Tier 1 sukuk Other Total capital 0% 9M 20 FY 20 1Q 21 1H 21 9M 21 3Q 21 CAR .T1 ratio ROAE ROAA 3Q 2021 INVESTOR PRESENTATION 30/41#31Liquidity Alinma's liquidity position is healthy and comfortably within regulatory limits NSFR (%) 140% LDR SAMA Ratio (%) 95% 120.4% 120% 110.2% 109.4% 105.8% 105.8% 100% 80% 3Q 20 4Q 20 1Q 21 2Q 21 3Q 21 NSFR - Regulatory Minimum Leverage Ratio (%) 20% 15% 10% 5% 90% 85% 81.2% 100% 80% مصرف الإنماء alinma bank 90% 85.5% 75% 3Q 20 4Q 20 1Q 21 2Q 21 3Q 21 LDR SAMA Ratio Regulatory Maximum LCR (%) 188.2% 200% 17.6% 161.6% 148.3% 138.7% 131.1% 150% 0% 3Q 20 4Q 20 1Q 21 2Q 21 3Q 21 Leverage ratio Regulatory Minimum 3Q 2021 INVESTOR PRESENTATION 100% 100% 50% 3% 0% 3Q 20 4Q 20 1Q 21 2Q 21 3Q 21 .LCR Regulatory Minimum Management Commentary NSFR was stable YTD at 109.4%, comfortably above the regulatory minima of 100%. ■ The LTD SAMA ratio increased 4.3ppts YTD to 85.5%. ■ The leverage ratio increased 250bps YTD to 17.6%. ■ LCR has decreased YTD 57.1ppts from 4Q 2020 to a level of 131.1% at 3Q 2021. 31/41#32Segmental Performance 3Q 2021 10:13 ← Прау Sign Up Full Name Mohamed Mostafa Mobile Number 050000000 ID Number 1234567890 Email [email protected] Password Confirm Password ******* I agree to AlinmaPay Terms of Service Submit @ver مصرف الإنماء alinma bank digital. fast. convenient.#33Segmental Performance Highlights Retail comprises the majority of segmental income and deposit generation Operating Income Composition (SARmn) 10% Net Profit Before Zakat Composition (SARmn) 15% 34% Retail 41% Corporate 4,985 Customers' Deposits Composition (SARbn) 34% 3Q 2021 INVESTOR PRESENTATION 116.7 Treasury Investments & brokerage Retail Non-retail 66% 15% مصرف الإنماء alinma bank Retail 43% 17% Treasury 2,331 25% Financing, Gross Composition (SARbn) 79% 125.5 Investments & brokerage Corporate 21% Retail Corporate 33/41#34مصرف الإنماء alinma bank Segmental Performance Highlights Treasury and Retail lead segmental performance with significant net income growth Operating Income Movement YoY (SARmn) Net Income Before Zakat Movement YoY (SARmn) +22% 4,072 154 308 320 131 4,985 320 1,762 +32% 262 117 2,331 (130) Total operating Retail Corporate Treasury income 9M 20 +8% +23% +71% Investments & Total operating brokerage income +35% Income before Retail Corporate Treasury Zakat 9M 20 9M 21 +48% -27% +79% Investments & brokerage +43% Income before Zakat 9M 21 Customers' Deposits Movement YTD (SARbn) 119.5 -2% Financing, Gross Movement YTD (SARbn) 3.2 116.7 114.5 2.5 +10% 8.5 125.5 (6.0) Total deposits FY 20 Retail Non-retail Total deposits Financing, gross Retail Corporate 9M 21 FY 20 Financing, gross 9M 21 -7% +9% +10% +9% 3Q 2021 INVESTOR PRESENTATION 34/41#35Segmental Performance - Retail Income growth from significant increases in non-funded income along with solid balance sheet growth مصرف الإنماء alinma bank SAR (mn) 9M 2021 9M 2020 A% 3Q 2021 3Q 2020 A% Retail NPL (%) 1.2% Income from investments and financing, net 1,726 1,760 -2% 567 567 +0% 0.9% Fees from services & other income 317 129 +146% 111 42 +162% 0.6% Total operating income 2,043 1,889 +8% 678 609 +11% 0.3% Total operating expenses 1,171 1,106 +6% 427 381 +12% Total charges/(reversals) for 0.0% (120) 110 -209% (32) 62 -152% impairments 9M 20 FY 20 1Q 21 1H 21 9M 21 Income for the period before zakat 993 673 +48% 283 166 +71% NPL ratio Retail Deposits (SARbn) Retail Financing (SARbn) -7% +10% 77.3 83.3 83.5 86.5 77.3 23.2 24.2 25.9 26.4 26.7 0.6% Management Commentary ■ Retail operating income increased by 8% to SAR 2,043mn in 9M 2021 from a strong increase in non-funded income of 146%. ■ Retail net income grew 48% due to higher non- funded income and an impairment reversal. ■ Retail deposits declined 7% while financing increased by 10% during 9M 2021. 3Q 20 4Q 20 1Q 21 2Q 21 3Q 21 3Q 20 4Q 20 1Q 21 2Q 21 3Q 21 QoQ +8% +0% +4% -11% QoQ +4% +7% +2% +1% ■ The retail NPL ratio and cost of risk both declined since year-end to 0.6% and -0.6% respectively. 3Q 2021 INVESTOR PRESENTATION 35/41#36Segmental Performance - Corporate Strong income growth partly more than offset by rising impairments and expenses SAR (mn) 9M 2021 9M 2020 A% 3Q 2021 3Q 2020 A% Corporate NPL (%) 3.0% مصرف الإنماء alinma bank Income from investments and financing, net 1,543 1,221 +26% 624 460 +36% Fees from services & other income 127 141 -10% 32 71 -55% 2.5% Total operating income 1,670 1,362 +23% 656 531 +23% Total operating expenses 234 206 +13% 89 72 +24% 2.0% Total charges/(reversals) for impairments 1,083 672 +61% 311 169 +84% 9M 20 FY 20 1Q 21 1H 21 9M 21 Income for the period before zakat 353 484 -27% 255 290 -12% NPL ratio Corporate Deposits (SARbn) 5.1 5.2 6.3 +313% Corporate Financing (SARbn) +9% 21.4 19.0 85.0 90.3 94.8 97.1 98.8 3Q 20 4Q 20 QoQ +2% 1Q 21 +22% 2Q 21 +200% 3Q 21 +13% 3Q 20 4Q 20 1Q 21 2Q 21 3Q 21 QoQ +6% +5% +2% +2% 3Q 2021 INVESTOR PRESENTATION 2.7% Management Commentary ☐ Corporate operating income increased by 23% from a strong increase in funded income (+26%). Corporate net income saw a 27% decline however largely due to an increase in impairments of 61%. Corporate deposits saw significant growth of 313% YTD, mainly from a re-allocation of accounts from the Treasury segment during 2Q 2021, while corporate financing increased 9% YTD. The corporate NPL ratio was stable during 9M 2021, while cost of risk rose 35bps YoY. 36/41#37Segmental Performance - Treasury Significant income and net income growth SAR (mn) 9M 2021 9M 2020 A% 3Q 2021 3Q 2020 A% Investments (SARbn) مصرف الإنماء alinma bank Income from investments and financing, net +8% 491 409 +20% 177 151 +17% Fees from services & other income 280 41 +576% 65 48 +36% 29.5 30.7 31.9 Total operating income 28.8 771 451 +71% 242 199 +22% 26.5 Total operating expenses 166 134 +23% 63 46 +36% Total charges/(reversals) for 2 (15) +115% (0) 3 -102% impairments Net operating income 603 331 +82% 180 150 +20% Share of loss from an associate and joint venture (8) 2 -598% (4) 6 -163% 3Q 20 Income before Zakat 595 333 +79% 176 157 +12% QoQ 4Q 20 +12% 1Q 21 -2% 2Q 21 +7% 3Q 21 +4% Treasury Assets (SARbn) 41.5 44.7 41.7 -1% 43.0 44.1 3Q 20 4Q 20 1Q 21 2Q 21 3Q 21 QoQ +8% -7% +3% +2% 3Q 2021 INVESTOR PRESENTATION Management Commentary ■ Treasury operating income rose by 71% to SAR 771mn in 9M 2021 from strong rebounds in both funded and non-funded income YoY, the latter from higher investment gains. ▪ This strong income growth drove a 79% improvement in net income YoY. Treasury assets however, declined by 1% to SAR 44.1bn YoY. 37/41#38Segmental Performance - Investments & Brokerage Strong income and balance sheet growth in 9M 2021 SAR (mn) 9M 2021 9M 2020 A% 3Q 2021 3Q 2020 A% Assets Under Management (SARbn) +9% Income from investments and financing, net 68 43 +59% 24 7 +243% 65.3 68.3 71.0 Fees from services & other income 433 327 +32% 123 133 -7% Total operating income 501 370 +35% 148 140 +5% Total operating expenses 111 96 +15% 39 38 +2% Income before Zakat 390 273 +43% 109 102 +7% Brokerage Trading Income (SARmn) 29.9 +232% مصرف الإنماء alinma bank 73.2 74.7 3Q 20 4Q 20 1Q 21 2Q 21 3Q 21 QoQ +5% +4% +3% +2% Brokerage Trading Values (SARbn) 99.1 71.8 9M 20 9M 21 9M 20 3Q 2021 INVESTOR PRESENTATION +64% 117.8 9M 21 Management Commentary ■ Investment and brokerage (I&B) operating income rose by 35% YoY to SAR 501mn from strong growth in both funded and non-funded income. ■ I&B net income increased 43% YoY from higher income and improved operating efficiency. Brokerage trading income for 9M 2021 rose by 232% as a result of a 64% YoY increase in brokerage trading values, while AUM increased by 9% YTD. 38/41#39Appendix 3Q 2021 مصرف الإنماء alinma bank digital. fast. convenient.#40IR Contacts Ahmed Sager Investor Relations Manager Mobile: +966-53-775-3352 Direct: +966-11-218-86364 Email: [email protected] Bader Al Yahya Investor Relations Analyst Mobile: +966-58-122-3445 Direct: +966-11-218-87606 Email: [email protected] 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 مصرف الإنماء alinma bank digital. fast. convenient.#41Disclaimer مصرف الإنماء alinma bank I 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. 41/41