#1Investor Presentation 4Q 2021 February 2022 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 FY 2021 Financial Performance 5 Segmental Performance 6 Outlook & Guidance 7 Appendix 4Q 2021 INVESTOR PRESENTATION مصرف الإنماء alinma bank 2/48#3Alinma Overview 4Q 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 4Q 2021 INVESTOR PRESENTATION 4/48#5Alinma Overview Alinma is the youngest bank in KSA 12.0 m 403K Monthly Average Users Smartphone Daily Average Users 이 #4 in KSA #3 in KSA #4 in KSA 33.7% C/I Ratio (9M 2021) 1.72% ROA (9M 2021) 11.2% ROE (9M 2021) 22.8% CAR 21.6% T1 1.02% COR 1.75% NPLs +38% Retail Digital Snapshot 98.94% Digital Transactions Net Income YoY Financial 2.90m Position KSA Market Share Customers 177% NPL Coverage مصرف الإنماء alinma bank 5.66% Assets (3Q 2021) 6.44% Financing (3Q 2021) 5.67% Deposits (3Q 2021) 4.60% NIB Deposits (3Q 2021) #2 Traded Stock in KSA by Value & Volume Traded SAR 51.9 bn Value Traded Stock Highlights SAR 60.8 bn Market Capitalization (14 Feb 2022) 14.21% Foreign Ownership (14 Feb 2022) SOURCE: Bank Financial Statements, Tadawul 10% Owned by Public Investment Fund 5/48 4Q 2021 INVESTOR PRESENTATION#6Management Team Alinma has built an experienced new management team poised to execute its strategy Abdullah Ali Al Khalifa Chief Executive Officer (CEO) Saleh Abdullah Al Zumaie in SVP, Head of Retail & Digital Banking Emad Abdulrahman Al Butairi Head of Corporate Banking Abdullah Jamaan Al Zahrani Head of Treasury QU Adel Saleh Abalkhail Chief Financial Officer (CFO) Hisham Abdullah Al Turaigi Chief Credit Officer (CCRO) Yaser Abdulaziz Al Marshde inn Sharia General Secretary 4Q 2021 INVESTOR PRESENTATION La Meshal Hamad Al Rabiah Chief Risk Officer (CRO) Abdullah Mohammed Al Salamah Chief Human Capital Officer (CHCO) مصرف الإنماء alinma bank Sami Hameed Al Rowaithey Chief Digitalization Officer (CDO) Meshary Abdulaziz Al Jubair Chief Operating Officer (COO) Fahad Abdulaziz Al Mohaimeed Head of Strategy & Business Excellence Hamoud Abdulaziz Al Humaidan Chief Compliance Officer (CCO) Mohammed Sultan Al Sehali Chief Internal Audit Officer Eyad Osama Al Othman General Counsel & Board Secretary 6/48#7Strategy Update 11:58 4Q 2021 Lean Mekl سداد 7512 SAR UNPAD SUBTO 201 1 15 IMP $1430 S مصرف الإنماء alinma bank digital. fast. convenient.#8Strategic Positioning Alinma Bank's strategic positioning cascades down into each business strategy Excellence Shariah Compliance Digital 4Q 2021 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 #1 NPS Affluent & HNW 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 4Q 2021 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 Digital Fast Build digital factory and apply latest available technologies - Advanced Analytics (AA), Al and Big Data Improve processes and speed to market > Convenient Enhance customer convenience and experience 2021 Achievements Digital function created; Chief Digital Officer hired +70 digital zones deployed Digital factory operating model finalized ■ +8 new AA cases; +8 Ops RPAS ■ Reduced turnaround time on Personal Finance by 50% and reduced to 9 days for Home ■ 41% Agile IT Projects Delivery Simplified Corporate Credit process with improved turnaround by +30% ■ New operating model for PB & Affluent ■+13 new branches, +55 ATM sites Revolving credit card established Mid-Corp & GTB units established ■ SME portfolio increased financing مصرف الإنماء alinma bank 2022 Initiatives In-Progress Empower Digital Enablement team to accelerate digitalization Expand digital investment and savings products and cross-sell investment products ■ Establish AA Centre of Excellence ■ Continue enhancement of digital journeys and app functionality, and increase cross- sell ■ Upgrade systems support for new Treasury processes Strengthen customer acquisition partnerships Adjust client coverage models ■ Enhance family account, Youth and Affluent ecosystems and programs Total 4Q 2021 INVESTOR PRESENTATION 66 Initiatives 23/66 Initiatives Completed 35% 39/66 Planned to Complete 59% 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 Key Achievements 2021 1/18 initiatives completed 4Q 2021 INVESTOR PRESENTATION 1 Digitally-savvy 2 Digitally-savvy Affluent and HNW Youth مصرف الإنماء alinma bank Alinma Retail Vision Experienced professionals and self-employed Saudis 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" Launch of New Tailored Products New Operating Models and Effective Processes Distribution Expansion Improved Turnaround Time +70 +13 +55 -50% 6% Revolving Murabaha Instant PF money credit card transfer PB & Affluent customers started Youth design Sales & service Digital Zones New Branches ATMs New Personal Finance metrics 11/48#12Corporate Evolve the bank and diversify across sectors Focus to date Large corporates and project finance Global Transaction 1 Large, mid-corporate & project finance 2 High-quality SME portfolio 3 Banking (GTB) - Cash & Trade Management مصرف الإنماء alinma bank ☐ Alinma Corporate Vision Focused on lending Leveraging Kafalah program Future Focus Drive customer centricity, aligning RMs, product specialists and industry Foster Kafalah program lending experts Build the cross-sell model Revamp commercial processes Tech-enabled front line Enhance product & 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" Key Achievements 2021 5/16 initiatives completed 31% 4Q 2021 INVESTOR PRESENTATION channel offering in X-Sell categories Integrate digital offering Established Mid-Corp Segment Commercial corporate banking Grow SME Portfolio Established GTB Unit Cross-sell committee established +160% +64% PoS financing Kafalah financing Developed bill discounting product Improved Turnaround Time Launched CM onboarding for SMEs LG/LC process simplification -30% Simplified corporate credit process 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 Fl customers serviced well Key Achievements 2021 5/12 initiatives completed 42% 4Q 2021 INVESTOR PRESENTATION > Future Focus Enhanced financial 1 Derivative products 2 institutions franchise 3 مصرف الإنماء alinma bank High Quality Asset Liability Management 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" Improved Cross-Sell Evolved FX offerings Expanded FI Coverage +7 banks Correspondent Fls added globally Increased Investment & Diversified Funding Base +7bn Enhanced investment book +5bn Tier 1 Sukuk issuance Product Expansion New Treasury system under implementation 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 Corporate 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 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 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 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" Key Achievements 2021 7/10 initiatives completed 4Q 2021 INVESTOR PRESENTATION 70% Project Delivery +41% Agile IT Projects Delivered +8 Advanced Analytics Use Cases New Models & Digital Factory Established Igniting Operations +8 7 Finalized Digital function Operating Models created, hired CDO and factory established Operations RPAS Improved Ways of Working Operations teams centralized Adopted cross functional squads for better collaboration in the product development lifecycle 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 > Improve Work Environment Future Focus Female Empowerment Hire Top Talent Drive cultural change agenda 2 Grow capabilities across the bank Organizing Alinma for Alinma 3 success Corporate Vision Cascade new strategy to organization and embed in communication Measure and improve employee engagement/ organizational health Regularly celebrate success stories Hire top talent including new capabilities (i.e. data science) Continuously develop capabilities through learning Develop rotational programs, new career path to foster innovation Adjust working model based on new requirements Implement agile forms of organization in future Digitalize and streamline HC processes "Be the #1 Employer of choice across KSA Banks" Key Achievements 2021 +32 +500 5/9 initiatives completed 56% Employees awarded Employee engagement E-courses and key roles hired leadership survey launched trainings Increased Employee Engagement Increased Training & Key Placements Continuous Improvement Workplace Saudization 94% Rotational program for new Employee On-boarding enhanced Saudization rate and future key roles identified hires launched 4Q 2021 INVESTOR PRESENTATION 15/48#16مصرف الإنماء alinma bank digital. fast. convenient. 9:59 40 m Alinmapay = إضافة رصيد Pay الرصيد 8500.75 الدوري إلى محفظة ملية التحويل المدفوعات الحكومية تحويل محلي ன்கள تحويل ويستري محمود 10:00 العمليات السابقة شراء من خلال نقاط البيع 100 ريال اليوم السابع شراء من خلال 200 ريال المحادثات الرئيسية Historical Financial Performance#17Balance Sheet Track Record Solid history of strong balance sheet momentum... Total Assets (SARbn) Financing (SARbn) مصرف الإنماء alinma bank Customers' Deposits (SARbn) +11% CAGR +12% CAGR +8% CAGR 173.5 156.9 126.3 119.5 121.1 114.8 121.5 131.8 111.2 94.8 102.1 79.1 83.9 89.1 90.1 2017 2018 2019 2020 2021 2017 2018 2019 2020 2021 2017 2018 2019 2020 YOY +6% +8% +19% +11% YOY +6% +13% +17% +14% YOY +1% +13% +17% 2021 +1% 22.8% 21.6% NPL Ratio (%) 3.0% Liquidity (%) 200% Capitalization (%) 25% 2.0% 150% 1.8% 100% 23% 134.1% 111.7% 21% 85.8% 19% 1.0% 50% 17% 0% 15% 0.0% 2017 2018 2019 2020 2021 2017 2018 2019 2020 2021 2017 2018 2019 2020 2021 LDR SAMA Ratio .NSFR LCR CET1 ratio -T1 ratio CAR 4Q 2021 INVESTOR PRESENTATION 18.2% 17/48#18P&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 +11% CAGR +11% CAGR +8% CAGR 6,667 5,610 5,682 3,484 3,631 2,857 4,373 4,845 2,783 2,535 2,709 2,356 2,322 2,011 1,966 YOY 2017 2018 2019 +11% +16% 2020 +1% 2021 2017 +17% YOY 2018 -1% 2019 2020 2021 2017 2018 2019 +20% +25% +4% YOY +42% -11% 2020 -22% 2021 +38% Net Profit Margin (%) 6% 4% 2% 0% 2017 Cost To Income Ratio (%) Cost of Risk (%) 1.50% 1.02% 42% 40% 3.77% 1.00% 38% 3.42% 36% 35.5% 0.50% 34% 0.18% 32% 0.00% 2018 2019 2020 2021 2017 2018 2019 2020 2021 2017 2018 2019 2020 2021 Yield rate COF rate Net profit margin *Comparatives are reclassified to align with the 4Q 2021 financial statements 4Q 2021 INVESTOR PRESENTATION 18/48#19FY 2021 Financial Performance 4Q 2021 مصرف الانماء alinma bank Banking Kiosk مصرف الإنماء alinma bank digital. fast. convenient.#204Q 2021 Balance Sheet Highlights Solid balance sheet growth in FY 2021 from 14% financing growth YoY Total Assets (SARbn) Total Liabilities (SARbn) Total Equity (SARbn) +11% +8% مصرف الإنماء alinma bank +26% 156.9 160.0 164.1 166.8 173.5 132.4 134.9 138.9 136.6 142.8 30.2 30.7 24.4 25.1 25.2 I 4Q 20 1Q 21 2Q 21 3Q 21 4Q 21 4Q 20 1Q 21 2Q 21 3Q 21 4Q 21 4Q 20 1Q 21 2Q 21 3Q 21 4Q 21 QoQ +2% +3% +2% +4% QoQ +2% +3% -2% +4% QoQ +3% +0% +20% +2% 4Q 21 Financing 4Q 21 Customers' Deposits 4Q21 CASA Deposits 4Q 21 CASA % of Total Deposits 4Q 21 LDR SAMA Ratio 4Q 21 CAR SARbn 126.3 +14% SARbn 121.1 79.7 SARbn YOY +1% YOY +14% YOY 4Q 2021 INVESTOR PRESENTATION 65.8% +7.1ppts 85.8% YOY +4.7ppts YOY 22.8% +3.5ppts YoY 20/48#21FY 2021 P&L Highlights Net income for FY 2021 grew by 38% YoY due to 17% income growth Total Operating Income (SARmn) Total Operating Expenses (SARmn) Net Income (SARmn) +4% -16% 1,610 1,606 1,655 1,724 1,174 1,682 985 887 863 897 مصرف الإنماء alinma bank +57% 710 738 642 619 394 4Q 20 1Q 21 2Q 21 3Q 21 QoQ -0% +3% +4% 4Q 21 -2% 4Q 20 1Q 21 2Q 21 3Q 21 4Q 21 4Q 20 1Q 21 2Q 21 3Q 21 4Q 21 QoQ -24% -3% +4% +10% QoQ +63% +11% +4% -16% FY 21 Funded Income FY 21 Non-Funded Income FY 21 Net Income FY 21 Net Profit Margin FY 21 Cost to FY 21 ROE Income ratio SARmn 5,137 SARmn 1,530 SARmn 2,709 3.42% +11% YoY +48% YOY +38% YOY -19bps YOY 4Q 2021 INVESTOR PRESENTATION 35.5% -0.9ppts YoY 10.8% +242bps YoY 21/48#22Balance Sheet Trends Solid balance sheet growth from growth in financing and investments Management Commentary ■ Growth in total assets of 11% YoY driven by 14% financing growth and 13% growth in investments. ■ Total liabilities grew by 8% during 2021 YoY mainly from 108% growth in balances due to SAMA, banks & other Fl and a 1% rise in customers' deposits. Total Assets Movement YoY (SARbn) 156.9 3.8 SAR (mn) مصرف الإنماء alinma bank +11% 15.1 0.5 173.5 (2.7) 4Q 2021 4Q 2020 A% 3Q 2021 A% Total assets 4Q 20 Cash, interbank & SAMA Investments Financing Other Total assets 4Q 21 balances -22% +13% +14% +14% Cash and Balances with SAMA, banks & other Fl 9,915 Investments Financing Other assets 33,278 126,271 4,012 Total assets 173,476 Due to SAMA, banks & other Fl 15,240 Customers' deposits Other liabilities Total liabilities Share capital Retained earnings 3,586 Other reserves 2,125 12,651 29,526 111,196 3,505 156,877 7,312 121,061 119,454 6,465 5,682 142,765 132,448 20,000 20,000 3,760 669 -22% 10,019 -1% +13% 31,886 +4% +14% 121,318 +4% Tier 1 sukuk 5,000 Total equity 30,711 24,429 +26% +14% 3,586 +12% +11% 166,808 +4% +108% 14,401 +6% +1% 116,652 +4% +14% 5,591 +16% +8% 136,644 +4% +0% 20,000 +0% -5% 4,528 -21% +218% 636 +234% 5,000 +0% 30,164 +2% Total Liabilities Movement YoY (SARbn) +8% 132.4 7.9 1.6 0.8 142.8 Total liabilities 4Q 20 Due to SAMA, banks Customers' deposits & other Fl Other Total liabilities 4Q 21 +108% +1% +14% 4Q 2021 INVESTOR PRESENTATION 22/48#23P&L Trends Net income for 2021 grew by 38% YoY due to 17% income growth Management Commentary ■ Net income for 2021 grew 38% YoY to SAR 2,709mn from 17% income growth and an 11% decrease in impairments despite 14% higher operating expenses YoY. ■ 4Q 2021 net income improved 57% YoY to SAR 619mn driven by 4% increase in income and a 54% decrease in impairments. Net Income Movement YoY (SARmn) +38% 496 489 1,966 (299) SAR (mn) 152 مصرف الإنماء alinma bank 2,709 (19) (76) FY 2021 FY 2020 A% 4Q 2021 4Q 2020 A% Net income Funded FY 20 income Non-Funded Operating Impairments Associate & income Expenses Zakat Net income JV FY 21 Funded income 5,137 4,648 +11% 1,309 1,214 +8% Non-Funded income 1,530 1,034 +48% 373 396 -6% Operating Income Composition (SARmn) Total operating income 6,667 5,682 +17% 1,682 1,610 +4% Operating Expenses 2,365 2,066 +14% 684 524 +31% 3% Net operating income before 4,302 3,616 +19% 998 1,086 -8% impairment charge 16% Impairments 1,266 1,418 -11% 301 650 -54% Net operating income 3,036 2,197 +38% 697 436 +60% Income before zakat & income tax 3,022 2,202 +37% 691 439 +57% Zakat 312 236 +32% 72 45 +59% 2% 2% C 6,667 Funded income Fees from services 77% Exchange income Investment gains/dividends Other income Net income 2,709 1,966 +38% 619 394 +57% 4Q 2021 INVESTOR PRESENTATION 23/48#24Financing Solid 14% increase in gross financing from strong growth in both corporate and retail financing Financing, Gross (SARbn) Financing, Gross Movement YoY (SARbn) مصرف الإنماء alinma bank +14% +14% 120.7 123.5 125.5 130.3 114.5 11.6 0.4 130.3 114.5 2.7 1.1 90.3 94.8 97.1 98.8 102.3 24.2 25.9 26.4 26.7 28.0 QoQ 4Q 20 +5% 1Q 21 +2% 2Q 21 +2% 3Q 21 +4% 4Q 21 Retail Corporate gross 4Q 20 Total financing, Home financing Personal & other retail financing Corporate SME Total financing, gross 4Q 21 +23% +9% +13% +13% Financing, Gross Composition (SARbn) 11% 11% 3% 130.3 Financing, Gross Composition Corporate (SARbn) SME 31% Retail financing Real Estate 21% Services Manufacturing 130.3 Commerce 15% Building & construction Home financing 75% 5% Personal & other retail financing 8% 12% 8% Other corporate financing Management Commentary ■ Gross financing grew 14% during 2021. ■ Retail financing grew 16% from strong ☐ momentum in home financing (+23%) and personal & other financing growth (+9%). Corporate financing grew 13% across both large corporate (+13%) and SME financing (+13%) in 2021. Real estate financing makes of the majority of corporate financing (15%), following by services (12%), manufacturing and commerce (8%) and building & construction (5%) 4Q 2021 INVESTOR PRESENTATION 24/48#25Investments Healthy 13% growth in investments from additional investment grade securities Investments (SARbn) Investments Movement YoY (SARbn) +13% 30.7 31.9 33.3 29.5 28.8 29.5 (1.1) +13% مصرف الإنماء alinma bank 4.7 10 0.1 33.3 4Q 20 1Q 21 2Q 21 QoQ -2% +7% 3Q 21 +4% 4Q 21 +4% Total investments 4Q 20 Government Corporate sukuk Equities & others Total investments 4Q 21 -4% +298% +6% Investments Composition (SARbn) 19% 7% 33.3 Government Corporate sukuk Investments Composition (SARbn) 5% 7% 33.3 Equities & others 74% 4Q 2021 INVESTOR PRESENTATION 88% ■Sukuk Funds Equities & other Management Commentary ☐ Investments grew 13% during 2021 mainly attributed to additional SAR 4.7bn in corporate sukuk investments, partly offset by a 4% decline in government securities. ■ The investment portfolio as at 31 December 2021 comprised of 88% sukuk investments, 7% funds and 5% equities & other investments; 74% of investments are Government securities, 19% corporate sukuk and 7% equities & other. 25/48#26Deposits Strong 14% CASA growth supported funding mix optimization Customers' Deposits (SARbn) Customers' Deposits Movement YoY (SARbn) +1% 119.5 120.7 125.9 116.7 121.1 119.5 70.1 72.2 79.5 75.9 79.7 (8.0) +1% مصرف الإنماء alinma bank 9.6 121.1 49.4 48.6 46.4 40.7 41.4 QoQ 4Q 20 +1% 1Q 21 +4% 2Q 21 -7% 3Q 21 +4% 4Q 21 Total customers' deposits 4Q 20 Time CASA Total customers' deposits 4Q 21 Time CASA -16% +14% Customers' Deposits Composition (SARbn) 32% О 121.1 CASA % of Total Deposits (%) 69% 65.8% 65.1% 66% 63.1% Retail 63% 59.8% 58.7% 60% Non-retail 68% 57% 4Q 2021 INVESTOR PRESENTATION 54% 4Q 20 1Q 21 2Q 21 3Q 21 4Q 21 Management Commentary Deposits rose slightly by 1% during 2021 as growth in CASA deposits of 14% was partly offset by a 16% decline in time deposits. ■ CASA deposits account for 66% of total deposits. ■ Total deposits comprise of 68% retail and 32% non-retail deposits as at 31 December 2021. 26/48#27Income from Financing & Investments Gross funded income grew 5% from 17% growth in average profit-earning assets; partly offset by a 19bps lower profit margin YoY Funded Income, Gross (SARmn) Funded Income, Gross Movement YoY (SARmn) +5% 1,377 1,511 1,349 1,362 1,452 1,193 1,166 1,161 1,300 1,232 5,470 105 +4% مصرف الإنماء alinma bank 100 5,674 184 183 201 212 220 QoQ 4Q 20 -2% 1Q 21 +1% 2Q 21 +11% 3Q 21 -4% 4Q 21 Total Funded Income, Gross Investments Financing +15% +2% Investments Financing FY 20 Total Funded Income, Gross FY 21 Funded Income, Gross Composition (SARmn) 2% 17% 38% Retail Funded Income, Gross Composition (SARmn) 14% Investments Management Commentary ■ Gross funded income for 2021 increased by 4% to SAR 5,674mn with a 15% increase in investment income and a 2% rise in financing income. ■ Gross funded income is attributable to 43% retail, 38% corporate and 17% treasury segments. ■ Income from financing makes up 86% of total gross funded income and income from investments comprises 14%. 5,674 Financing Corporate 43% 5,674 Treasury Investments & brokerage 86% 4Q 2021 INVESTOR PRESENTATION 27/48#28Net Profit Margin Lower financing yields partly offset by lower funding costs contributed to a 19bps lower profit margin YoY Average Balance of Investments & Financing (SARbn) Net Profit Margin Movement YoY (%) مصرف الإنماء alinma bank +13% 139.2 143.2 148.7 152.7 156.8 3.61% 109.5 116.2 120.3 122.5 125.6 -0.01% -19bps -0.47% 0.28% 3.42% 29.7 27.0 28.4 30.1 31.2 QoQ 4Q 20 +3% 1Q 21 +4% 2Q 21 +3% 3Q 21 +3% 4Q 21 Net profit margin FY 20 Investments yield Financing yield COF rate Net profit margin FY 21 Investments Financing Net Profit Margin (%) SAIBOR: 3M Average Trend (%) 3.7% 3.61% 3.6% 0.86% 0.84% 0.83% 0.84% 3.45% 3.5% 3.41% 3.42% 0.82% 3.36% 0.81% 0.80% 0.79% 3.4% 0.80% 3.3% 0.78% 3.2% 0.76% FY 20 1Q 21 1H 21 9M 21 FY 21 FY 20 1Q 21 1H 21 9M 21 FY 21 4Q 2021 INVESTOR PRESENTATION Management Commentary ■ The net profit margin decreased by 19bps YoY to 3.42% in 2021 due to profit rates, partly offset by a 28bps reduction in funding costs. Average 3M SAIBOR dipped slightly during the year but by year-end returned to a similar level as 2020. 28/48#29Fee and Other Income Non-funded income for 2021 increased by 48% YoY Non-Funded Income (SARmn) -6% Non-Funded Income Movement YoY (SARmn) 424 396 402 373 149 331 49 113 13 1,034 142 117 73 347 288 282 259 256 QoQ 4Q 20 +1% 1Q 21 +6% 2Q 21 -22% 3Q 21 +13% 4Q 21 Fees from banking services Other income Non-Funded income FY 20 (5) مصرف الإنماء alinma bank +48% 81 1,530 272 Fees from banking services +16% Exchange income -2% Investment gains/dividends +204% Other income +734% Non-Funded income FY 21 Fees from Banking Services Composition (SARmn) Card services 25% Brokerage fees 53% 1,085 11% Trade finance services 11% Fund management & other fees Management Commentary ■ Non-funded income for 4Q 2021 decreased 6% YoY to SAR 373mn from a fall in fees from banking services and other income driven by higher investment gains/dividends. Non-funded income for 2021 increased 48% YoY to SAR 1,530mn from growth in fees from banking services (+16%) and higher investment gains/dividends (+204%). Fund management & other fees make up the majority of fee income at 53%, while 25% comprises of card service fees, 8% brokerage fees and 8% trade finance service fees. 4Q 2021 INVESTOR PRESENTATION 29/48#30Operating Expenses 2021 saw 14% growth in operating expenses YoY mainly from a 29% increase in G&A mostly from VAT Operating Expenses (SARmn) Operating Expenses Movement YoY (SARmn) مصرف الإنماء alinma bank +31% +14% 684 618 524 543 521 266 327 2,066 78 221 2,365 203 197 231 61 63 66 61 64 (0) 229 279 263 288 291 QoQ 4Q 20 +4% 1Q 21 -4% 2Q 21 +19% 3Q 21 +11% 4Q 21 Operating Expenses FY 20 Salaries & employee-related Depreciation & amortization Other G&A Salaries & employee-related +8% Depreciation & amortization Other G&A Operating Expenses FY 21 -0% +29% Operating Expenses Composition Cost to Income Ratio (%) 45% (SARmn) ■Salaries & employee-related 40% 36.4% 47% 35% 42% ■Depreciation & amortization 2,365 30% Other G&A 11% 4Q 2021 INVESTOR PRESENTATION 35.5% 25% FY 20 1Q 21 1H 21 9M 21 FY 21 Management Commentary ☐ Operating expenses increased 14% YoY to SAR 2,365mn for 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. Despite this increase in operating expenses, higher income growth resulted in an 90bps YoY improvement in the cost to income ratio to 35.5%. 30/48#31Impairments from Financing The cost of risk has declined by 32bps mainly from 12% lower impairment charges YoY Impairments for Financing (SARmn) Impairments for Financing (SARmn) -55% 637 1,419 347 337 279 289 -12% 1,252 4Q 20 1Q 21 2Q 21 3Q 21 4Q 21 2020 2021 QoQ -46% -3% -17% +4% Cost of Risk (%) 1.4% 1.34% 1.3% 1.2% 1.1% 1.0% 0.9% 0.8% FY 20 1Q 21 1H 21 9M 21 FY 21 4Q 2021 INVESTOR PRESENTATION 1.02% مصرف الإنماء alinma bank Impairments Composition (SARmn) 90% 10% Retail 1,252 Corporate Management Commentary ■ The impairment charge for financing for 2021 decreased by 12% YoY to SAR 1,252mn. ◉ 4Q 2021 impairments declined 55% YoY mainly because of migration in 4Q 2020 for selected corporate accounts. ■ Cost of risk for 2021 declined by 32bps YoY to 1.02%. 31/48#32Non-Performing Loans The NPL ratio has improved significantly to 1.8% due to a 20% decline in NPLs YoY Non-Performing Loans, Gross (SARbn) NPL, Gross Movement YoY (SARbn) -20% 2.9 2.7 2.8 2.9 2.3 2.9 2.6 2.5 2.6 2.7 2.1 -20% مصرف الإنماء alinma bank 2.3 (0.1) (0.5) 0.3 0.2 0.2 0.2 0.1 QoQ 4Q 20 -5% 1Q 21 +3% 2Q 21 +2% 3Q 21 -20% 4Q 21 Total NPL 4Q 20 Retail Corporate Total NPL 4Q 21 Retail Corporate -42% -18% NPL Composition (SARbn) 93% 7% NPL Ratio (%) 3.0% 2.49% 2.25% 2.26% 2.27% 1.75% Retail 2.0% 2.3 1.0% Corporate 4Q 2021 INVESTOR PRESENTATION 0.0% 4Q 20 10 21 2Q 21 3Q 21 4Q 21 Management Commentary ■ The NPL ratio declined by 74bps YoY to 1.75% at 4Q 2021 ■ Retail financing which account for the smaller proportion of NPLs declined by 42%, while corporate NPLs increased by 18% YoY. ■ The NPL ratio for retail stood at 0.53% while corporate stood at 2.03% as at 4Q 2021. 32/48#33مصرف الإنماء alinma bank NPL Coverage NPL coverage and overall stage wise financing coverage improved significantly during 2021 Stage-Wise Financing, Gross (SARbn) Stage-Wise Financing, Gross Composition (SARbn) +14% 114.5 120.7 2.7 123.5 2.8 125.5 2.9 2.9 6.5 6.9 6.8 6.7 104.9 111.6 130.9 2.9 6.8 26 113.8 115.8 121.2 QoQ 4Q 20 +5% 1Q 21 +2% 2Q 21 +2% 3Q 21 +4% 4Q 21 Stage 1 Stage 2 Stage 3 5% 2% 130.9 C NPL Coverage Ratio (%)* 250% Stage-Wise Coverage (%) 67.1% 61.0% 61.0% 62.6% 70% 52.8% 200% 177.1% 50% 139.7% 146.4% 150% 132.7% 20.4% 23.0% 24.5% 22.0% 30% 14.3% 114.5% 100% 10% 0.8% 0.6% 0.5% 0.5% 0.5% 50% -10% 4Q 20 1Q 21 2Q 21 3Q 21 4Q 21 4Q 20 1Q 21 2Q 21 3Q 21 4Q 21 ■Stage 1 ■Stage 2 Stage 3 *ECL included on non-funded expose 4Q 2021 INVESTOR PRESENTATION Stage 1 Stage 2 Stage 3 93% Management Commentary ■ NPL coverage improved by 63ppts YoY to 177.1%. Stage-wise coverage has improved during the year with Stage 1 at 0.5%, Stage 2 at 22.0% and Stage 3 at 62.6%. 33/48#34Capitalization Capital and capital ratios increased due to T1 sukuk issuance and retained earnings generation Total Capital (SARbn) +24% 32.5 33.1 26.7 27.4 27.5 1.6 1.6 1.6 25.2 25.8 30.9 31.4 25.9 Risk Weighted Assets (SARbn) +5% مصرف الإنماء alinma bank 138.3 142.5 143.5 145.2 145.3 4.0 3.6 4.5 10.4 10.7 3.4 11.0 0.9 11.2 10.1 123.7 128.1 129.2 130.8 133.1 QoQ 4Q 20 +3% 1Q 21 +0% 2Q 21 +18% 3Q 21 +2% 4Q 21 QoQ 4Q 20 +3% 1Q 21 +1% 2Q 21 +1% 3Q 21 +0% 4Q 21 Tier 1 Capital Tier 2 Capital Credit Operational Market Capitalization (%) 25% 20% 19.3% 18.2%- Total Capital Movement YoY (SARbn) 22.8% 21.6% 2.7 26.7 18.2% +24% 5.0 Profitability (%) 15% 10% 33.1 8.4% 5% (1.3) (0.0) 1.4% 15% 0% FY 20 1Q 21 1H 21 9M 21 FY 21 Total capital Net income Dividend 4Q 20 paid Tier 1 sukuk Other Total capital FY 20 1Q 21 1H 21 9M 21 4Q 21 CET1 ratio .T1 ratio CAR ROAE 4Q 2021 INVESTOR PRESENTATION 10.8% .ROAA FY 21 1.6% 34/48#35Liquidity Alinma's liquidity position is healthy and comfortably within regulatory limits NSFR (%) LDR SAMA Ratio (%) 115% 111.7% 95% 110.2% 109.4% 110% 105.8% 105.8% 90% 105% 100% 95% 90% 4Q 20 Leverage Ratio (%) 30% 20% 15.1% 10% 85% 100% 81.2% 80% مصرف الإنماء alinma bank 75% 1Q 21 2Q 21 3Q 21 4Q 21 4Q 20 1Q 21 2Q 21 3Q 21 4Q 21 NSFR Regulatory Minimum LDR SAMA Ratio Regulatory Maximum LCR (%) 188.2% 200% 161.6% 138.7% 131.1% 134.1% 150% 17.3% 100% 100% 50% 3% 0% 0% 4Q 20 1Q 21 2Q 21 3Q 21 4Q 21 4Q 20 1Q 21 2Q 21 Leverage ratio Regulatory Minimum .LCR 3Q 21 Regulatory Minimum 4Q 21 4Q 2021 INVESTOR PRESENTATION 90% 85.8% Management Commentary NSFR was stable YTD at 111.7%, comfortably above the regulatory minima of 100%. ■ The LTD SAMA ratio increased 4.6ppts YoY to 85.8%. ■ The leverage ratio increased 28bps YoY to 17.3%. ■ LCR has decreased YTD 54.1ppts from 4Q 2020 to a level of 134.1% at 4Q 2021. 35/48#36Segmental Performance 4Q 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.#37Segmental Performance Highlights Retail comprises the majority of segmental income and deposit generation Operating Income Composition (SARmn) 9% Net Profit Before Zakat Composition (SARmn) 16% 34% Retail 41% Corporate 6,667 Customers' Deposits Composition (SARbn) 32% 4Q 2021 INVESTOR PRESENTATION 121.1 Treasury Investments & brokerage Retail Non-retail 68% 16% مصرف الإنماء alinma bank Retail 40% 18% 3,022 26% Financing, Gross Composition (SARbn) 79% 130.3 21% Treasury Corporate Investments & brokerage Retail Non-retail 37/48#38Segmental Performance Highlights All segments saw strong income growth for FY 2021 Operating Income Movement YoY (SARmn) +17% مصرف الإنماء alinma bank Net Income Before Zakat Movement YoY (SARmn) +37% 5,682 82 404 397 103 6,667 309 77 3,022 300 134 2,202 Total operating income FY 20 Retail Corporate Treasury +3% +22% +61% Investments & Total operating brokerage income +19% Income before Retail Corporate Treasury Zakat FY 21 FY 20 +33% +31% +63% Investments & brokerage +20% Income before Zakat FY 21 Customers' Deposits Movement YoY (SARbn) 119.5 +1% Financing, Gross Movement YoY (SARbn) 3.1 121.1 114.5 3.8 +14% 12.0 130.3 (1.5) Customers' deposits Retail Non-retail Customers' deposits Financing, gross Retail Non-retail FY 20 FY 21 FY 20 Financing, gross FY 21 -2% +9% +16% +13% 4Q 2021 INVESTOR PRESENTATION 38/48#39Segmental Performance - Retail Income growth from significant increases in non-funded income along with solid financing growth مصرف الإنماء alinma bank SAR (mn) FY 2021 FY 2020 A% Retail NPL (%) 4Q 2021 4Q 2020 A% 1.2% 1.1% 1.0% Income from investments and financing, net 2,265 2,323 -3% 539 563 -4% 0.8% Fees from services & other income 444 303 +46% 126 175 -28% 0.6% Total operating income 2,709 2,627 +3% 666 738 -10% 0.4% Total operating expenses 1,638 1,482 +11% 468 376 +24% 0.2% Total charges/(reversals) for (125) 250 -150% (4) 139 -103% 0.0% impairments FY 20 1Q 21 1H 21 9M 21 FY 21 Income for the period before zakat 1,195 895 +33% 202 222 -9% Retail Deposits (SARbn) Retail Financing (SARbn) -2% +16% 83.3 83.5 86.5 77.3 81.8 25.9 26.4 26.7 28.0 24.2 4Q 20 1Q 21 2Q 21 3Q 21 4Q 21 4Q 20 1Q 21 2Q 21 3Q 21 4Q 21 QoQ +0% +4% -11% +6% QoQ +7% +2% +1% +5% 4Q 2021 INVESTOR PRESENTATION 0.5% Management Commentary ■ Retail operating income increased by 3% to SAR 2,709mn in 2021 from a strong increase in non- funded income of 46%. ■ Retail net income grew 33% due to higher non- funded income and an impairment reversal. ■ Retail deposits declined 2% while financing increased by 16% during 2021. ■ The retail NPL ratio declined to 0.5%. 39/48#40Segmental Performance - Corporate Strong income growth partly offset by rising impairments and expenses مصرف الإنماء alinma bank SAR (mn) FY 2021 FY 2020 A% 4Q 2021 4Q 2020 A% Corporate Ratios (%) 3.5% 3.0% 2.9% Income from investments and financing, net 2,105 1,687 +25% 562 466 +21% 2.5% Fees from services & other income 166 180 -8% 39 40 -1% 2.0% 1.5% Total operating income 2,271 1,867 +22% 601 505 +19% 1.0% Total operating expenses 336 273 +23% 103 67 +54% 0.5% Total charges/(reversals) for 1,376 1,170 +18% 293 497 -41% impairments 0.0% Income for the period before zakat 559 425 +31% 206 (58) -452% FY 20 1Q 21 1H 21 9M 21 FY 21 Corporate Deposits (SARbn) Corporate Financing (SARbn) +358% +13% 23.7 21.4 90.3 94.8 97.1 98.8 102.3 19.0 5.2 6.3 4Q 20 QoQ 1Q 21 +22% 2Q 21 +200% 3Q 21 4Q 21 4Q 20 1Q 21 2Q 21 3Q 21 4Q 21 +13% +11% QoQ +5% +2% +2% +4% 4Q 2021 INVESTOR PRESENTATION 2.1% Management Commentary ☐ Corporate operating income increased by 22% from a strong 25% increase in funded income. ▪ This operating income growth translated to 31% Corporate net income growth. Corporate deposits saw significant growth of 358% YoY, mainly from a re-allocation of accounts from the Treasury segment during 2Q 2021, while corporate financing increased 13% YoY. The corporate NPL ratio declined by 80bps YoY to 2.1%. 40/48#41Segmental Performance - Treasury Significant income and net income growth and modest growth in assets YoY SAR (mn) FY 2021 FY 2020 A% 4Q 2021 4Q 2020 A% Investments (SARbn) +13% مصرف الإنماء alinma bank Income from investments and 675 576 +17% 184 167 +10% financing, net Investment-related income 138 (133) +204% (9) (1) -566% 29.5 30.7 31.9 33.3 28.8 Fees from services & other income 237 211 +13% 105 38 +179% Total operating income 1,051 654 +61% 280 203 +38% Total operating expenses 237 186 +27% 72 52 +38% Total charges/(reversals) for (15) +117% (0) -231% impairments Net operating income 811 483 +68% 208 152 +37% Share of loss from an associate and 4Q 20 1Q 21 2Q 21 3Q 21 4Q 21 joint venture (14) 5 -412% (6) 3 -306% Income before Zakat 797 487 +63% 202 155 +31% QoQ -2% +7% +4% +4% Treasury Assets (SARbn) +2% 44.7 41.7 43.0 44.1 45.7 4Q 20 1Q 21 2Q 21 3Q 21 4Q 21 QoQ -7% +3% +2% +4% 4Q 2021 INVESTOR PRESENTATION Management Commentary ■ Treasury operating income rose by 61% to SAR 1,051mn in 2021 from strong rebounds in both funded (+17%), investment-related (+204%) and non-funded income (+13%) YoY. ■ This strong income growth drove a 63% improvement in net income YoY. Treasury assets rose modestly by 2% to SAR 45.7bn YoY, while the investment portfolio grew 13% YoY to SAR 33.3bn. 41/48#42Segmental Performance - Investments & Brokerage Strong income and net income growth in 2021 SAR (mn) Assets Under Management (SARbn) FY 2021 FY 2020 A% 4Q 2021 4Q 2020 A% +7% مصرف الإنماء alinma bank Income from investments and financing, net 92 61 +52% 24 18 +35% 68.3 71.0 73.2 73.1 73.0 Fees from services & other income 544 472 +15% 111 145 -24% Total operating income 636 533 +19% 135 163 -17% Total operating expenses 153 125 +22% 42 29 +45% 4Q 20 Income before Zakat 470 393 +20% 81 121 -33% QoQ 1Q 21 +4% 2Q 21 3Q 21 +3% -0% 4Q 21 -0% Brokerage Trading Income (SARmn) 102.2 +16% Brokerage Trading Values (SARbn) 118.8 117.5 +24% 145.9 FY 20 FY 21 FY 20 FY 21 Management Commentary ■ Investment and brokerage (I&B) operating income rose by 19% YoY to SAR 544mn from strong growth in both funded and non-funded income. ■ I&B net income increased 20% YoY from higher income. Brokerage trading income for 2021 rose by 16% as a result of a 24% YoY increase in brokerage trading values, while AUM increased by 7% YoY. 4Q 2021 INVESTOR PRESENTATION 42/48#43Outlook & Guidance 11:58 4Q 2021 Lean Mekl سداد 7512 SAR UNPAD SUBTO 201 1 15 IMP $1430 S مصرف الإنماء alinma bank digital. fast. convenient.#44Economic Outlook Improving economic outlook supportive for the banking sector, though Covid risks remain Real GDP Growth (%) 10.0% 5.0% 0.0% -4.1% -5.0% 2020 Composite* Oil Price Avg / Barrel (USD) 100.0 50.0 41.3 Inflation (%) 65.7 2.8% 2021 3M Average SAIBOR (%) 2.0% 64.5 0.8% 0.9% 1.0% 0.0% 2020 2021 2022E 2020 2021 4.8% 2022E Government Expenditures % of GDP (%) 6.0% 60.0% 3.2% 41.0% 3.4% 2.2% 3.0% 30.0% 32.1% مصرف الإنماء alinma bank 1.5% 2022E 30.8% Further rebound in real GDP growth The KSA economy is expected to see a solid rebound of 4.8% in 2022 following the 2020 contraction as a result of COVID-19; this projection is however heavily reliant on the ability of the country to contain further outbreaks caused by variants in 2022. Vision 2030 expansion plans back on track Alongside an economic recovery, Vision 2030 plans are expected to accelerate. Stabilization of oil prices Following a year of strong recovery of oil prices, the average price for the composite index is expected to stabilize at ~$65/ barrel in 2022 that will serve to support economic growth. Rise in SAIBOR rates 3M average SAIBOR rates are expected to see a rise to 1.5% in 2022 from 0.8% average in 2021. Declining inflation and government expenditures Inflation is expected to decline to 2.2% in 2022 from the 3.2% level in 2021; government expenditures are expected to remain above 30% of GDP in 2022. 0.0% 0.0% 2020 2021 2022E 2020 2021 2022E 4Q 2021 INVESTOR PRESENTATION SOURCE: IMF October 2021 | *Simple average of three spot prices: Dated Brent, West Texas Intermediate, and the Dubai Fateh 44/48#45Guidance Improving economic outlook and acceleration of strategic execution drive a promising outlook for 2022 مصرف الإنماء alinma bank 2021A Drivers 2022G Balance Sheet Financing Growth +14% Strong Mid-Corp, SME & Retail growth from strategic initiatives; solid corporate growth from expected credit demand Mid-teens Net Profit Margin 3.42% Rising rates and strong funding mix supportive of improving margin +10bps to +15bps Profitability Cost to Income Ratio 35.5% Growth in income, digitization & process optimization driving efficiencies, partly offset by strategic investments Below 35% Return on Equity 10.8% Improving NPM, efficiency and COR driving improving Above 13% ROE Asset Quality Cost of Risk 1.02% Cautiously expecting stable credit quality and NPL coverage, leading to COR moderation 65-75bps Capital 4Q 2021 INVESTOR PRESENTATION CET1 18.2% Increasing RWAs from strong expected financing growth 16%-17% 45/48#46Appendix 4Q 2021 مصرف الإنماء alinma bank digital. fast. convenient.#47IR Contact مصرف الإنماء alinma bank Ahmed Sager Investor Relations Manager Mobile: +966-53-775-3352 Direct: +966-11-218-86364 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 Visit our website here for more investor disclosures: • Financial statements Annual reports Investor presentations Earnings call transcripts digital. fast. convenient.#48Disclaimer 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. 48/48