#1البنك العربي ARAB BANK ARAB BANK Investor Presentation December 2023 البنك العربي ARAB BANK ABAR BANK D#2Disclaimer THIS PRESENTATION, INCLUDING ANY INFORMATION CONTAINED HEREIN AND ANY INFORMATION, WHETHER OR NOT IN WRITING, SUPPLIED IN CONNECTION THEREWITH (THE "PRESENTATION") IS STRICTLY CONFIDENTIAL. YOU MUST READ THE FOLLOWING WHICH APPLIES TO THE PRESENTATION ABOVE THIS DISCLAIMER, AND YOU ARE THEREFORE ADVISED TO READ THIS CAREFULLY BEFORE READING, ACCESSING OR MAKING ANY OTHER USE OF THE PRESENTATION MATERIALS. IN ACCESSING THE PRESENTATION MATERIALS AND/OR BY ATTENDING THE MEETING WHERE THIS PRESENTATION IS MADE, YOU AGREE TO BE BOUND BY THE FOLLOWING OBLIGATIONS AND LIMITATIONS. THIS PRESENTATION IS FURNISHED TO YOU SOLELY FOR YOUR INFORMATION AND SHOULD NOT BE TREATED AS GIVING INVESTMENT ADVICE. THIS PRESENTATION, ANY RELATED MATERIALS AND THEIR CONTENTS ARE STRICTLY PRIVATE AND CONFIDENTIAL AND MAY NOT BE REPRODUCED, REDISTRIBUTED OR PASSED ON, DIRECTLY OR INDIRECTLY, TO ANY OTHER PERSON OR PUBLISHED, IN WHOLE OR IN PART, FOR ANY PURPOSE. THIS PRESENTATION IS NOT AN OFFER OR SOLICITATION OF AN OFFER TO BUY, SUBSCRIBE OR SELL SECURITIES IN ANY JURISDICTION. IT IS SOLELY FOR USE AT AN INVESTOR PRESENTATION AND IS PROVIDED FOR INFORMATION PURPOSES ONLY. THIS PRESENTATION DOES NOT CONTAIN ALL OF THE INFORMATION THAT IS MATERIAL TO AN INVESTOR. THE INFORMATION IS NOT FOR GENERAL PUBLICATION, RELEASE OR DISTRIBUTION IN THE UNITED STATES, THE UNITED KINGDOM, THE EUROPEAN ECONOMIC AREA, AUSTRALIA, CANADA OR JAPAN. This Presentation has been prepared by Arab Bank plc ("Arab Bank"). The information contained in this document includes information obtained from the records of Arab Bank and/or its subsidiaries (together, the "Group") and publicly available sources and has not been independently verified by or on behalf of the Group or any of its affiliates. The information contained in this Presentation does not constitute investment, legal, accounting, regulatory, taxation or other advice. This Presentation contains forward-looking statements with respect to future results, performance and achievements that are subject to risk and uncertainties and reflect management's views and assumptions formed by available information. All statements other than statements of historical fact are statements that could be considered forward-looking statements. When used in this document, words such as "may", "will", "should", "anticipate", "believe", "estimate", "expect", "intend", "project", "or" and similar expressions, as they relate to the Group and the market in which it operates, are intended to identify forward-looking statements. Many factors could cause the actual results, performance or achievements of the Group to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements, including, among others, changes in general economic and business conditions, changes in currency exchange rates and interest rates, introduction of competing products by other companies, lack of acceptance of new products or services by the Group's targeted customers, inability to meet efficiency and cost reduction objectives, changes in business strategy and various other factors. Should one or more of these risks or uncertainties materialise, or should underlying assumptions prove incorrect, actual results may vary materially from those described herein. The Group does not intend or assume any obligation to update these forward-looking statements. In this document various financial measures that are not measures of financial performance or liquidity under the International Financial Reporting Standards (the "IFRS") are presented. Non-IFRS measures may not be comparable to similarly titled measures reported by other companies, and they should not be viewed as a replacement for, but rather as complementary to, the IFRS measures. This Presentation speaks as of the date hereof and is subject to change without notice or liability to any person. Arab Bank and the Group expressly disclaims any obligation or undertaking to disseminate after this Presentation any updates to the information contained herein to any person. Neither the delivery of this Presentation nor any further discussion of the Group with any of the recipients shall, under any circumstances, create any implication that there has been no change in the affairs of the Group since such date. Certain data in this Presentation has been rounded. As a result of such rounding, the totals of data prescribed in this Presentation may vary slightly from the arithmetic total of such data. Quarterly data is based on reviewed financials.#3Table of Contents 1 Arab Bank Group Overview 3 2 Strategy and Business Overview 8 3 Operating Environment 16 4 Financial Performance 21#4Arab Bank has a rich legacy of regional and international expansion since 1930 البنك العربي ARAB BANK 1930s Palestine Jordan Qatar Tunisia Yemen Oman UK Australia O China (Shanghai) France 1950s 1970s 1990s 2010s 1940s 1960s 1980s 2000s 2020s Saudi Arabia Egypt Syria Sh Lebanon Iraq UAE Bahrain Singapore China (Beijing) Algeria Sudan Sld Morocco Syria + Switzerland • Arab Bank Subsidiaries, Affiliates and Sister company • Arab Bank plc Branches Iraq (Under establishment) 4#5Arab Bank's extensive network and longstanding presence in MENA underpins its deep-rooted understanding of, and commitment to the region Key Subsidiaries abal banking Arab Bank Australia Limited (100%) COD acabes გის Arabia INSURANCE JORDAN ARAB BANK Europe Arab Bank plc (100%) Islamic International Arab Bank (100%) Arab Tunisian Bank (64%) Oman Arab Bank (49%) Arab Bank - Syria (51%) Arab Sudanese Bank Limited (100%) AB Invest Jordan (100%) Arab National Leasing Co. (100%) Al Nisr Al Arabi Ins. Co. (68%) Acabes International Pvt (100%) Key Affiliates Arab National Bank (40%) Arabia Insurance Co. (42.5%) Sister Company Arab Bank (Switzerland) Ltd. البنك العربي ARAB BANK Arab Bank Group 600+ Branches 29 Countries Arab Bank Subsidiaries, Affiliates Arab Bank plc Branches Other Investments and Sister company 12K+ Employees LO 5#6Arab Bank key strengths Resilient balance sheet Diversified & comprehensive business model البنك العربي ARAB BANK Extensive Network 200 Robust capital levels $ Strong funding franchise ตะ Digitally empowered strategy Strong brand equity and reputation 6#7Strong performance across key metrics Assets $68.3bn 5.9%* Net Operating Income 町 $1,819mm 34.7%* Return on Equity البنك العربي ARAB BANK 7.3% $ Gross Loans $37.1bn 4.6%* Net Income $829.6mm 52.4%* Deposits $50.6bn Loan to Deposits 73.2% 6.0%* Total Equity $11.4bn Cost Income Ratio 42.3% ០០០០០ NPL Coverage Ratio Capital Adequacy Ratio Market Cap 140% 17.5% $4.1bn All data as of Dec 31, 2023 and for Arab Bank Group * Percentage change vs 2022 9.2%* 7#8Table of Contents 1 Arab Bank Group Overview 3 2 Strategy and Business Overview 8 3 Operating Environment 16 4 Financial Performance 21#9Arab Bank's growth strategy is built on leveraging the Group's network and harnessing the of digital transformation to achieve sustainable shareholders' returns power البنك العربي ARAB BANK Strategy Pillars Building on the Group's position as a leading local and regional bank Leveraging Digital Transformation and Innovation strategy to deliver superior customer experience Leveraging the Group's extensive and well established network Delivering long term, positive ESG impact for all stakeholders Expanding into New Markets Growth Initiatives Introducing New Business Models Growing Wealth Management and Private Banking Network Banking Across Corporate & Consumer Banking 9#10Arab Bank is well positioned to capture growth opportunities in attractive MENA markets Well established MENA presence with international connectivity, allowing Arab Bank to deliver comprehensive financial services across the Group network High growth GCC markets are a major contributor to the Bank's earning power, with additional potential from establishing a presence in Iraq Positive structural drivers for MENA regional growth include economic diversification, national investment programs, privatisations, capital markets development and demographics البنك العربي ARAB BANK Well diversified business model across multiple segments; Corporate, SME, Consumer, Private Banking and Islamic banking Outside Jordan Jordan Loans 27% 73% Equity 16% 84% Net Operating Income 24% 76% 10 10#11Performance Key Growth Opportunities Key Figures Arab Bank has a diversified business model across its lines of business and network Corporate & Institutional Banking 35% Of Total Income 43% Of Total Customer Deposits Consumer Banking & Wealth Management 30% Of Total Income [[]] Treasury Affiliates / ANB 18% Of Total Income 17% Of Total Income 57% Of Total Customer Deposits البنك العربي ARAB BANK Wealth Network Banking Digital Services Transaction Banking 966 Total Income $mm Public and Private Partnerships Management & Private Banking Cross border business & remittances Reflect Expand reach via Reflect neobank platform Increase earnings from Securities portfolios E KSA economic diversification ريفلكت Strong deposit franchise Design and launch new products for Consumer and CIB customers பாாப Capturing SME & Consumer Banking growth Total Income $mm Total Income $mm +24% 947 403 +40% 566 Total Income $mm +33% 510 384 +14% 1,098 763 2022 2023 2022 2023 2022 2023 2022 2023 11#12Arab Bank is implementing a customer focused strategy by leveraging digital transformation Delivering a superior digital customer experience.. • Digital Channels - Arabi Mobile, Arabi Connect, Arabi Next • Digital Onboarding • E-payments • Eco-system • Online Marketplaces عربي كونكت البنك العربي Arabi Connect ARAB BANK Introducing new business models.. . · Became 2nd largest acquirer in Jordan Leveraged Merchant and Partner Ecosystem to provide special offers to customers including loyalty points instant redemptions and Buy-Now-Pay-Later at Point of Sale Launch dedicated SME mobile banking app to support that growing segment, fueled by expanding merchant network Launched Reflect neobank platform in Jordan and Palestine providing a branchless banking experience targeting mass segment and digital savvy customers Leveraging internal data to provide customer-centric insights, personal digital engagement and building Al-based recommendations for sales and risk mitigations Developed Omnify - Banking as a Service platform to offer embedded finance products P Reflect OMNIFY BaaS, Powered by Arab Bank Arabi Next ريفلكت البنك العربي ARAB BANK Digital Transformation Innovation Initiatives Customer Experience Information Technology Arabi@mart Shopi Arabi e-Mart and Arabi Shopix Online marketplaces Backed by a robust IT infrastructure and enablers.. • • Strong focus on Cybersecurity and Data Protection • Leverage robotics process automations and Al to automate IT operations • New MACH based design architecture; Microservice, APIs Established a wholly owned Fintech and IT development subsidiary - Acabes acabes البت الفريق Powered by LAB BANK And innovation initiatives.. AB iHub (Jordan and Egypt) - R&D AB iHub Centre to explore, educate and AB>¡Hub The Innovation Hive Powered by Arab Bank ABX ABVENTURES experiment with Startups & Intrapreneur program to implement digital staff ideas ― ABX an accelerator adapting and scaling Fintech solutions for Arab Bank AB Ventures Corporate VC fund focusing mainly on Fintech to augment Arab Bank access to global innovation 12#13Reflect - a neobank providing a scalable platform serving the digital savvy customer segment Vision To create an exceptional regional digital banking journey in the rapidly changing world Mission To provide the community with personalised banking experience that offers financial and non- financial services through a secure and frictionless super app Values • . • Hyper-personalisation Simplicity Speed of Innovation & agility Transparency P Reflect, the Neobank platform in Jordan and Palestine Reflect ريفلكت 9:41 Good Morning, Lina! JOD 2,983.320 Total Balance Wallet Details Arrange 16+ Digital Services Spin the wheel Send Request Pay Bills 240k+ Customer Base Split the Bill Savings Top up More Physical card View Details > Marketplace Shop Now> روق Marketplace. Home Scan & Pay ill Transactions 72% New to Bank Customers البنك العربي ARAB BANK All data as of Dec 31, 2023 13#14Arab Bank is growing its Wealth Management and Private Banking across the network ARAB BANK البنك العربي ARAB BANK Arab Bank (Switzerland) Ltd. is a sister company of Arab Bank plc founded in 1962, specialized in Wealth Management for a sophisticated clientele, in addition to other services in Trade Finance and Treasury In 2022, Arab Bank Switzerland acquired a majority stake in Swiss private bank Gonet, to form a group with AUM above $10bn روات | Wealth Management إدارة الـ Arab Bank is expanding its product offering of investment funds, treasury products and brokerage services across the MENA region and Europe Arab Bank Wealth Management offering including a variety of investment solutions البنك العربي ARAB BANK البنك العربي ARAB BANK ເສງ Wealth Management & Private Banking AB INVEST International and local brokerage services Investments, EuropeArabBank mortgages البنك العربي الاسلامي الدولي ISLAMIC INTERNATIONAL ARAB BANK PART OF THE ARAB BANK GROUP and loans Sharia compliant products 14#15Arab Bank has launched a forward-looking comprehensive ESG strategy البنك العربي ARAB BANK Environmental Support the transition to a low carbon economy Sustainable Finance Issued the Bank's Sustainable Finance Framework Completed Issuance of $250mm Sustainable Additional Tier 1 Capital Securities Environmental Impact of Portfolio Published the Bank's Environmental and Social Risk Policy (ESRP) Developing baseline GHG emissions of the lending and investment portfolio and assessing emission reduction pathways for priority sectors in the medium term Environmental Impact of Operations 91% of total electricity consumption sourced from renewable energy projects Adopted a material and waste management strategy to reduce environmental impact of operations Social Advancing social development in the community Social Impact of Our Portfolio A suite of products and services and digital solutions for economic and social development of SMEs Launched several products and community initiatives to promote financial inclusion and literacy Diversity and Inclusion Launched Strategic Framework for Women Empowerment to foster inclusion of women across the workplace, marketplace, supply chain and the community 21% female representation in senior management roles Corporate Citizenship Multifaceted approach towards community investments, including Abdul Hameed Shoman Foundation, and Arab Bank CSR Program "Together" $20mm of total community investments ITT Governance Integrating ESG into the Arab Bank governance model ESG Governance Model ESG governance model currently under process by a dedicated ESG working group and will be finalized during 2024 ESG Training and Awareness Conducted a series of high-level ESG awareness sessions for the board of directors and senior management Rolled out first level ESG training sessions across the network with follow up sessions planned for 2024 Transparent ESG Reporting Arab Bank has been issuing the annual sustainability report based on the Global Reporting Initiative (GRI) since 2010 15#16Table of Contents 1 Arab Bank Group Overview 3 2 Strategy and Business Overview 8 3 Operating Environment 16 4 Financial Performance 21#17Arab Bank is among the largest banks in MENA.. MENA banks assets $bn Awards -2023 QNB FABT QNB 325.2 FAB 323.0 . Top Innovations in Finance - SME SNB SNB 273.9 Emirates NBD ENBD 227.5 مصرف الراجحي alrajhi bank RJHI 213.7 بنك أبوظبي التجاري ADCB ADCB 146.2 بيت التمويل الكويتي Kuwait Finance House KFH 119.9 الوطني NBK NBK 119.2 بنك الرياض Riyad Bank RIYAD 100.5 الأول SAB 90.8 SAB بنك دبي الإسلامي DIB 85.3 Dubal Islamic Bank BSF 66.6 البنك العربي Arab Bank 66.5 ARAB BANK Attijariwafa bank Attijariwafa 62.0 • Best Bank in the Middle East • World's Best Financial Innovation Labs • Best Bank for Cash Management in the Middle East • Best Bank for Cash Management in Morocco • Best Bank for Cash Management in Qatar • Best Bill Payment and Presentment in the Middle East • Best Consumer Digital Bank in Palestine • Best Consumer Digital Bank in Egypt • Best in Lending in the Middle East • Best Corporate / Institutional Digital Bank in Palestine • Best Trade Finance Provider in Algeria • Best Credit Card Initiative for Cards Ecosystem in the Middle East ⚫ Best Bank for SMEs in the Middle East • Best Corporate Bank in Qatar • Best Trade Finance Services in the Middle East • Bank of the Year in the Middle East مصرف الإنماء ALINMA 62.0 alinma bank المشرق MASHREQ 59.4 mashreq anb ANB* 58.2 BEST BANK QIB QIB 51.2 2023 AWARD 20 THE BANKER ADIB ADIB 50.1 GLOBAL FINANCE MEED emeafinance Europe Middle East Africa BANK OF THE YEAR 2023 MIDDLE EAST BANQUE POPULAIRE BCP 48.4 EUROMONEY AWARDS FOR EXCELLENCE 2023 البنك العربي ARAB BANK Total assets as of Sep 30, 2023 *ANB is an affiliate of AB Group 17#18..with a dominant position in Jordan Leading position Rank S #1 In loans #1 In deposits #1 Capital (% #1 Income before tax • Best SME Bank in Jordan Best Trade Finance Provider in Jordan Best Foreign Exchange Bank in Jordan Best Bank for Cash Management in Jordan Best User Experience (UX) Design in Jordan Best Bill Payment & Presentment in Jordan Best Consumer Digital Bank in Jordan Best in Lending in Jordan Best Integrated Consumer Banking Site in Jordan Best Mobile Banking App in Jordan (Consumer & Corporate) Best Mobile Banking Adaptive Site in Jordan البنك العربي ARAB BANK Largest bank by assets, $bn البنك العربي ARAB BANK Arab Bank plc / Group Arab Bank plc 39.9 بنك الإسكان Housing Bank capital bank Housing Bank 12.3 Capital Bank 10.6 بنك الاتحاد Bank al Etihad Bank al Etihad 10.2 Jordan Islamic Bank Jordan Islamic Bank 7.8 بنك القاهرة عمان البنك الأهلي الأردني الأهلي | ahli CairoAmmanBank Cairo Amman Bank 5.3 Jordan Ahli Bank Jordan Ahli Bank 4.6 Awards - 2023 Arab Bank Group 66.5 • Best in Social Media Marketing and Services in Jordan Best Online Product Offerings in Jordan Best Innovation and Transformation in Jordan • Best Open Banking APIs in Jordan • Best Trade Finance Services in Jordan The Safest Bank in Jordan Best ESG Integration in Jordan Best Retail Bank in Jordan GTR Leader in Trade for Jordan Best Corporate Bank in Jordan Best Bank for SMEs in Jordan Best Bank in Jordan BEST BANK WARD 2023 GLOBAL INANCE EUROMONEY AWARDS FOR EXCELLENCE 2023 AFCM CAPITAL MARKETS MEED ARAB FEDERATION OF Midria Fast Sesineintel GTR Global Trade Review Total assets as of Sep 30, 2023 18#19In MENA oil-exporting countries, growth in non-oil activities is strong over the medium-term, supported by spending and transformational programs, while the oil-importing countries are expected to have slower growth 9.0 6.0 3.0 0.0 -3.0 Global Economy - Growth Rate (%) GDP growth by country (%) 2019 Jordan 2020 2021 2022 2023 Oil importing countries 1.8 (1.1) 3.7 2.4 2.6 2024 2.6 China Palestine 1.4 (11.3) 7.0 3.9 (6.0) (6.8) MENA Egypt (FY) 5.5 3.6 3.3 6.6 3.8 3.0 GCC Tunisia 1.6 (8.6) ☐ 4.6 2.6 0.9 1.9 Oil exporting countries US Algeria 1.0 (5.1) 3.4 3.2 4.2 4.0 الله اكبر Iraq 5.4 (12.1) 1.6 7.0 (2.7) 2.9 KSA 0.8 (4.3) 4.3 8.7 (0.9) 2.7 CUAE 1.1 (5.0) 4.4 7.9 3.5 4.0 Oman (1.1) (3.4) 3.1 4.3 1. 1.3 1.4 Bahrain 2.2 (4.6) 2.6 4.9 2.7 3.6 Qatar 0.7 (3.6) 1.5 4.9 2.4 2.2 Euro Area ■ World -6.0 2019 2020 2021 2022 2023 2024 البنك العربي ARAB BANK Source: IMF, World Economic Outlook, World Bank, National statistical offices of countries, and ABER 19#20Jordan's economy performed well across all segments in 2023 and has proven to be resilient and stable, with expected growth of 2.6% in 2024 2.5% GDP Growth (%) 1.9% 1.8% 3.7% 2.6% 2.6% 3.3% 2.4% Jordan Inflation Rate (%) 4.5% 1.3% 4.2% Competitive Advantage 63% of population under 30 - young demographic 2.7% 2.1% in,lm il...l -1.1% 2017 2018 2019 2020 2021 2022 2023 2024 GDP composition by sector (2022) Construction 2.7% Mining 2.5% Utilities 1.5% Agriculture 4.8% Services 36.7% 0.8% 0.3% 2017 2018 2019 2020 2021 2022 2023 2024 Key Growth Sectors Tourism Rating B1/BB-/B+ (Moody's, Fitch, S&P) JOD Stable currency, pegged to the US Dollar 99% Mobile network coverage Jordan Economic Modernization Vision Transport 7.7% $49bn Other 13.1% Public Admin. 13.8% البنك العربي ARAB BANK Manufacturing, 17.2% 000 圓樓 Mining Manufacturing Financial Services ICT Source: DOS, World Bank, Invest Jo, Unicef, Amman Stock Exchange 35 Sectors 366 Initiatives ཎྜ 8 Growth Drivers 10 Key success factors 8 Main Goals 004 Monitoring and Evaluation Units 20 20#21Table of Contents 1 Arab Bank Group Overview 3 2 Strategy and Business Overview 8 3 Operating Environment 16 4 Financial Performance 21#22Arab Bank delivered consistent and resilient Net Operating Income with a solid growth trajectory Revenue, $mm Net Interest Margin Cost to Income Ratio +25% 3.3% 3,150 2.7% 2.6% 510 2.4% 2,526 47.1% 48.9% 46.6% 42.3% 2,170 384 603 1,931 277 296 557 2,037 542 1,585 432 1,203 1,350 1,071 1,176 1,331 2,037 910 1,203 1,350 1,585 2020 2021 2022 2023 2020 2021 2022 2023 2020 2021 2022 2023 NII $mm Non-Interest Income $mm Affiliates $mm NII $mm Net Interest Margin Operating Expense $mm CIR Net Operating Income, $mm Net Income, $mm Return on Equity 1,350 1,098 1,021 2020 2021 البنك العربي ARAB BANK +35% 1,819 2022 2023 315 195 544 +52% 830 3.0% 2.1% 7.3% 5.2% 2020 2021 2022 2023 2020 2021 2022 2023 All data as of Dec 31, 2023 and for Arab Bank Group 22 22#23Coupled with a strong and liquid balance sheet with a diversified asset base Asset type mix Cash and balances with banks 26.0% Associates 5.6% Other Geographic distribution of assets 1 Europe & America, 13.0% Asia & Rest of the world, 3.9% Investment portfolio by type Corporate Bonds, 14.1% Shares and funds, 3.4% Assets 3.4% $68.3bn Financial Assets 16.4% Other Arab Countries, 52.3% $61.6bn Treasury bills, 20.0% $11.2bn Jordan, 30.8% Government Bonds, 62.5% Loans 48.6% Net loan book by segment Net loan book by economic sector Other, 5.8% Construction, 6.0% Net loan book by geography 2 Real Estate, 4.1% Rest of the world, 2.6% Asia, 1.4% Consumer, 30.5% Europe, 5.9% Jordan, 26.8% $33.2bn Corporate, 69.5% $33.2bn Consumer, 30.5% Government & Public Sector, 9.6% $33.2bn Trade, 13.3% البنك العربي ARAB BANK General Services, 16.4% Industry & Mining, 14.3% 1. Credit Exposure, of which 35.6% in GCC 2. GCC Loans make up 45.2% of the total loan book All data as of Dec 31, 2023 and for Arab Bank Group Other Arab Countries, 63.2% 23 23#24And a diverse and stable customer deposit base with a prudent loan-to-deposit ratio Liabilities breakdown Other 4% Banks and financial institutions deposits 7% Deposits by segment Government and Public Sector 11% $56.9bn Gross loans to deposits, $bn 68% 73% 74% 73% 47 48 39 35 35 37 Customer 26 deposits, 89% Corporate 32% $50.6bn Consumer Banking, 57% البنك العربي ARAB BANK All data as of Dec 31, 2023 and for Arab Bank Group 51 554 2020 2021 2022 2023 Loans Deposits ―LTD (%) Deposits by type Cash Margin 6% Certificates of deposit 1% Savings 11% Current & Demand 35% $50.6bn Time and notice 47% 24 24#25As well as robust and established risk management practices with strong core capital Cost of risk and ECL Provision 2.5% NPL & coverage ratio 111% 135% 140% 122% 1.6% 1.6% 1.3% 658 592 560 473 6.3% 6.0% 6.0% 6.8% 2.1 2.1 2.2 1.8 2020 2021 Asset density¹ ECL Provision, $mm 54 5.4 66% 36 64 2022 2023 2020 Cost of Risk 68% 66% 43 33 64 - 43 43 68 65% 2020 2021 2022 2023 Assets, $bn RWA, $bn -Asset Density البنك العربي ARAB BANK Capital adequacy 16.8% 2021 2022 2023 NPL, $bn NPL % Coverage % 17.5% 20.0% 16.5% 16.6% 0.0% 0.6% 0.5% 1.1% 45 15.6% 15.0% 15.1% 15.1% 1.2% 0.9% 1.0% 1.3% 2020 2021 2022 2023 CET 1% AT1% T2% CAR 1. Asset Density = RWA / Assets. Arab Bank Group figures as of Dec 31, 2023 25#26Key Financial Highlights 2023: Performance was driven by underlying loans growth and higher core banking income $mm 2022 2023 YOY% 35,440 37,080 4.6% Deposits 47,749 50,624 6.0% Operating Income 2,526 3,150 24.7% Net Interest Income 1,585 2,037 28.5% Non-Interest Income 557 603 8.3% Affiliates Income 384 510 32.6% Operating Expense 1,176 1,331 13.2% Net Operating Income 1,350 1,819 34.7% ECL Provision and Impairment 499 602 20.7% Net Income Before Tax 851 1,217 43.0% Income Tax 307 388 26.2% Net Income After Tax 544 830 52.4% • For the third consecutive year, AB Group delivered double digit growth in profitability through its diligent strategy execution. In 2023, AB Group's net income after tax reached $829.6mm a 52% growth from the $544.3mm achieved in 2022. The Group's performance was driven by sustainable growth in its underlying business across various sectors and markets, with a clear focus on enhancing non-interest income contribution and revenue diversification. Net operating income improved by 35% to reach $1.82bn. This was achieved while the Bank continued to invest in transformation and maintaining a resilient balance sheet, which will position it for further growth in the future. The Bank's record net operating income is also a clear testament to its strong growth momentum across several markets, especially in the GCC region and international markets. Total Assets grew by 6% to reach $68.3bn; loans grew by 5% to reach $37.1 bn, and deposits grew by 6% to reach $50.6bn. This achievement highlights the Bank's ability to withstand adverse challenges in the operating environment while continuing to deliver on its growth strategy. Arab Bank Group maintained a strong capital base that is predominantly composed of common equity with a capital adequacy ratio of 17.5%. In 2023, Arab Bank successfully issued $250mm in sustainable Additional Tier 1 Capital Securities, which marks the first and largest sustainable perpetual AT1 issuance in Jordan. Loans البنك العربي ARAB BANK 26 26#27Arab Bank Group Consolidated Statement of Financial Position - Balance Sheet USD '000 Cash and balances with central banks Balances with banks and financial institutions 2022 11,695,391 4,008,144 2023 13,250,460 4,204,480 Deposits with banks and financial institutions 610,306 Financial assets at fair value through profit or loss 72,253 Financial derivatives - positive fair value 196,232 Direct credit facilities at amortized cost 31,726,598 Assets Financial assets at fair value through other comprehensive income 750,572 Other financial assets at amortized cost 10,002,475 3,558,864 530,393 1,028,650 273,807 55,012 217,629 33,158,248 759,038 10,376,401 3,848,257 523,638 1,363,343 Liabilities Investment in associates Fixed assets Other assets Deferred tax assets Total Assets Banks' and financial institutions' deposits Customers' deposits Cash margin Financial derivatives - negative fair value Borrowed funds Provision for income tax Other provisions 279,945 243,658 68,273,971 3,295,702 64,459,823 3,517,640 45,287,371 2,461,500 47,811,253 2,813,487 163,611 197,538 522,368 509,809 293,029 337,202 232,423 244,694 Other liabilities 1,570,172 1,691,322 Deferred tax liabilities 9,253 16,113 Total Liabilities 54,057,367 56,917,120 Shareholders Total Equity Attributable to Shareholders of the Bank 9,487,862 10,151,870 Non-controlling interests 554,067 Equity Tier 1 Capital Bonds 360,527 Total Shareholders' Equity 10,402,456 Total Liabilities and Shareholders' Equity 64,459,823 575,111 629,870 11,356,851 68,273,971 البنك العربي ARAB BANK 27 27#28Arab Bank Group Consolidated Statement of Income - Income Statement USD '000 Interest income Less: interest expense Net interest income Net commissions income Net interest and commissions income 2022 2,583,484 998,680 1,584,804 2023 3,659,678 1,622,468 2,037,210 374,369 425,113 1,959,173 Revenue Foreign exchange differences 106,345 Gains from financial assets at fair value through profit or loss 1,182 2,462,323 120,628 4,613 Dividends on financial assets at fair value through other comprehensive income 8,251 8,657 Group's share of profits of associates 384,494 509,969 Expenses Other revenue Total Income Employees' expenses Other expenses Depreciation and amortization Provision for impairment - ECL 66,665 44,080 2,526,110 3,150,270 663,569 717,674 415,310 482,316 84,751 95,784 473,006 592,282 Other provisions Impairment of Investment held for sale Total Expenses 25,701 12,425 45,073 1,674,762 1,933,129 Profit for the year \ Period before Income Tax 851,348 Less: Income tax expense 307,046 1,217,141 387,505 Profit for the year \ period 544,302 829,636 Profit Attributable to : Bank's shareholders 520,276 800,695 Non-controlling interests 24,026 28,941 Total 544,302 829,636 Earnings per share attributable to Bank's Shareholders Basic and Diluted (US Dollars) 0.79 1.23 28#29Credit Ratings البنك العربي ARAB BANK MOODY'S Fitch Ratings Arab Bank plc - Jordan Long Term Bank Deposits - Local Currency Ba2/Positive/NP Long Term Bank Deposits - Foreign Currency Ba2/Positive/NP Arab Bank plc - Dubai branch Long Term Bank Deposits - Foreign Currency Arab Bank plc Issuer Default Ratings (IDRs) S&P Global Arab Bank plc Issuer Credit Rating Ba2/Positive/NP BB/Stable/B B+/Stable/B Europe Arab Bank Issuer Credit Rating BB/Stable/B 29 29#30Attractive valuation metrics and sustainable dividends distribution Price / Book Value 0.4x 山 Price/Earnings* Dividend Yield Arab Bank Share Price 5.2x 6.6% (JOD) 4.56 $4.1bn 641mm Market Cap, 17.3% of ASE Shares البنك العربي ARAB BANK *P/E 12 months trailing. All data as of Dec 31, 2023 fot 30-30 19,000+ Shareholders; 52% Foreign and 48% Jordanian EPS EPS 1.23 USD 30