#1Recommended All-share Combination of Kuwait Finance House and Ahli United Bank Leader in Islamic Banking July 2022 بيت التمويل الكويتي Kuwait Finance House#2CONTENTS 1 Key Transaction Highlights 2 Strategic Rationale 3 Integration 4 Vision and Mission 5 Transaction Structure 6 Financial Highlights البنك الأهلى المسجد بيت التمويل الكويتي 2 Kuwait Finance House ahli united bank#31. Key Transaction Highlights بيت التمويل الكويتي Kuwait Finance House#4KEY TRANSACTION HIGHLIGHTS All Share Acquisition Revised exchange ratio of 2.695 shares of AUB for each share of KFH (or 0.371 shares of KFH for each share of AUB) Pro Forma Ownership Prior to the acquisition: . . KFH had c. 9,207m shares outstanding; and AUB had c. 11,148m AUB shares outstanding Implied Price and Premium Implied price per share of $1.040 based on KFH's share price of $2.803 as at 6-Jul-2022 Implied total value of $11.6bn in issued KFH shares for AUB shareholders as at 6-Jul-2022 Conditions The following is an indicative list of the Conditions, which remain under discussion with, and is subject to the final approval of the CBB KFH and AUB shareholders to approve the transaction Conditional approvals granted by Central Bank of Kuwait and Central Bank of Bahrain Following acquisition, KFH Group will have c. 13,344 shares outstanding and the combined bank will be owned¹: 13.1% premium to AUB share price of as at 6-Jul-2022, which was the last trading day prior to the parties' confirmation of the new exchange • c. 69% by KFH's shareholders ratio • c. 31% by AUB's shareholders AUB shareholder acceptance of at least 90% of total issued capital Taking all necessary steps towards cross-listing Receipt of all regulatory and statutory approvals No material breach of warranties No Material Adverse Effect Note: Market Data as at 6-Jul-2022 1 Pro Forma Ownership based on KFH's existing share count plus the shares issued to AUB shareholders at the agreed exchange ratio as at 7-Jul-2022 subject to acquisition of 100% shares of AUB by KFH البنك الأهلى المسجد بيت التمويل الكويتي Kuwait Finance House ahli united bank 4#5THIS TRANSACTION COMBINES COMPLEMENTARY BUSINESSES AND DELIVERS SCALE TO BECOME A REGIONAL POWERHOUSE بيت التمويل الكويتي Kuwait Finance House بيت التمويل الكويتي Kuwait Finance House + البنك الأهلي المتحد ahli united bank Leading Retail Bank in Kuwait ✓ Currently 2nd largest bank and largest Islamic bank in Kuwait Offers retail banking, corporate banking, financing, investment, private banking, real estate services ✓ Internationally integrated operations in Kuwait, Bahrain, Turkey, Malaysia and Germany #1 Bank in Kuwait and Bahrain by Total Assets #2 $121bn Combined Entity Total Assets $11bn البنك الأهلى المسجد ahli united bank Leading Corporate Bank in Bahrain ✓ Bahrain's largest bank ✓ Focus on corporate banking with private banking & wealth management, retail banking services ✓ Strong foothold in Bahrain, Kuwait, Egypt, UK, Oman, Iraq, Libya and UAE Note: As of 31-Dec-2021, with preliminary illustrative acquisition impact. 5 Global Islamic Bank by Total Assets Pro-forma CET1 Capital #6 Bank in the Middle East by Total Assets 12 Countries of Operations البنك الأهلى المسجد بيت التمويل الكويتي Kuwait Finance House ahli united bank#6SHAREHOLDER VALUE CREATION Creating a Stronger and More Diversified Banking Franchise Significant Synergy Potential Broader customer base and stronger market position in Kuwait and Bahrain Diverse geographic footprint and product offering accessible to customers • Complementary businesses positioned to capture opportunities arising from existing relationships • Larger balance sheet and capital base to pursue growth and bigger scale lending opportunities • Anticipated annual run-rate cost synergies in the range of 10-12% of combined cost base expected from: - Optimisation of systems, distribution, infrastructure and real estate - Improved supplier negotiating positions Rationalisation of operations and branches over time Synergies are expected to be realised over 3 years post completion Compelling Shareholder Value Creation Potential ✓ EPS accretive to KFH shareholders with and without synergies ✓ Value creation potential driven by significant synergy potential Larger and more diversified bank able to pursue significant growth opportunities 60 ahli united bank البنك الأهلى المسجد بيت التمويل الكويتي Kuwait Finance House#7BEST POSITIONED TO SUPPORT THE NEW KUWAIT VISION 2035 بيت التمويل الكويتي Kuwait Finance House + ahli united bank البنك الأهلى المسجد Vision 2035 Relevant Themes Globally Connected Bank Expanded regional and international banking footprint to support trade and investment Robust Capital Enlarged balance sheet capacity to support transformational infrastructure projects Base Support the Growth of the Economy Increased ability to enable the growth of public and private sector players investing in economic diversification initiatives ✓ Enhance foreign direct investment across all sectors ✓ Develop and modernize national infrastructure ✓ Diversification of production base away from oil and into financial, commercial and transport services كويت جديدة NEWKUWAIT البنك الأهلى المسجد بيت التمويل الكويتي Kuwait Finance House 7 ahli united bank#82. Strategic Rationale بيت التمويل الكويتي Kuwait Finance House hite#9COMPELLING STRATEGIC RATIONALE A transformational transaction that brings significant benefits to all stakeholders 1 Strengthen KFH's position as the leader in its home markets #1 bank in terms of total assets and deposits in Kuwait and Bahrain with over 27% of total market share in Kuwait by assets¹ 2 Strengthen Islamic Banking leadership 3 Propel KFH's regional leadership 4 #2 largest Islamic bank globally by assets and customer deposits Strengthened position in Kuwait and Bahrain Entry into 6 new markets Enhance scale and deepen relationships across corporate and retail customers Corporate Banking contribution increasing to 31% a pro forma basis 5 Provide significant operational efficiencies potential 6 Cost synergies expected to be 10-12% of the combined cost base Well capitalised and funded, ideally positioning KFH to better pursue growth $4bn increase in CET1 capital Strong and diverse funding base 7 EPS and value accretive to KFH shareholders EPS accretive including and excluding impact of synergies 1 Market share as of FY21, calculated based on domestic market data for KFH+AUB (excluding foreign assets of Kuwaiti banks) divided by the sum of total domestic assets of publicly traded banks in Kuwait (as per CBK). 9 البنك الأهلي المتحد بيت التمويل الكويتي Kuwait Finance House ahli united bank#101 STRENGTHENS OUR POSITION AS THE LEADER IN OUR HOME MARKETS Following the completion of the acquisition, KFH will become the undisputed leading banking institution in Kuwait and Bahrain #1 bank in terms of Total Assets and Deposits (with over 27% of total assets market share¹ in Kuwait) Top Kuwait Banks by Total Assets ($bn)² MENA National Champions (Ranking by Total Assets) 121 4 ي بيت التمويل الكويتي #1 Kuwait Finance House + البنك الأهلى المسجد ahli united bank 47 42 110 72 الوطني NBK بيت التمويل الكويتي Kuwait Finance House #2 14 24 23 22 19 14 بنك بوبيان Boubyan Bank BURGAN BANK بنك الخليج GULF BANK Top Bahrain Banks by Total Assets ($bn)³ #1 #1 42 35 28 التجاري الأهلي авк Al-Tijari 12 10 9 7 بيت التمويل الكويتي Kuwait Finance House Bahrain DI البنك الأهلى المستجدا Bank ABC alBaraka NBB Tabali ahli united bank البنك الأهالي المشعود I ahli united bank بنك السلام بنك الإثمار BBK Ithmaar Bank Al Salam Bank منك البحرين والكويت Country National Champions البنك الأهلي المتحد ahli united bank بيت التمويل الكويتي Kuwait Finance House الوطني NBK البنك الأهلى المستجد Total Assets $121bn4 ми #1 $110bn ahli united bank بيت التمويل الكويتي Kuwait Finance House $47bn #1 بنك أبوظبي الأول FAB First Abu Dhabi Bank $272bn SNB $244bn QNB $300bn بنك مسقط Bank Muscat Source: FY2021 company financials, Central banks. Note: with preliminary illustrative acquisition impact. KWD, SAR, AED, QAR, BHD, OMR converted to USD per FX rate of 3.306, 0.267, 0.272, 0.275, 2.659, 2.601 respectively, as at 31-Dec-2021. ¹ Market share as of FY21, calculated based on domestic market data for KFH+AUB (excluding foreign assets of Kuwaiti banks) divided by the sum of total domestic assets of publicly traded banks in Kuwait (as per CBK). 2 Largest banks publicly listed in Boursa Kuwait. 3 Includes largest banks publicly listed in Bahrain Stock Exchange. 4 With preliminary illustrative acquisition impact 10 $34bn البنك الأهلى المسجد بيت التمويل الكويتي Kuwait Finance House ahli united bank#112 STRENGTHEN ISLAMIC BANKING LEADERSHIP KFH will become the world's second largest Islamic bank by total assets and customer deposits As one of the world's leading Islamic banks, KFH will drive the growth of Islamic Banking Ranking of Top Global Islamic Banks¹ by Total Assets ($bn) #2 Islamic Finance is a $2.5 Trillion Industry 166 مصرف الراجحي Al Rajhi Bank 2 121 بيت التمويل الكويتي Kuwait Finance House + البنك الأهلى المسجد ahli united bank #3 $tn 2.5 2.0 76 72 1.5 53 1.0- بنك دبي الإسلامي Dubai Islamic Bank بيت التمويل الكويتي المصرف OB Kuwait Finance House Ranking of Top Global Islamic Banks¹ by Customer Deposits ($bn) 137 مصرف الراجحي Al Rajhi Bank #2 #3 78 56 52 36 بيت التمويل الكويتي Kuwait Finance House + البنك الأهسان المسعود ahli united bank المصرف CB بنك دبي الإسلامي بيت التمويل الكويتي 1 Kuwait Finance House Dubai Islamic Bank L 0.5 0.0 2014 2015 2016 2017 2018 2019 2020 2021 ■Banking Assets ■Sukuk ■Takaful ■Funds Islamic finance industry's assets reached $2.5 trillion at year-end 2021 It expanded by c.10% in 2021 vs. 11% in 2020, with strong support from the banking assets in GCC and Malaysia Islamic finance remains concentrated primarily in oil exporting countries in Middle East and Malaysia accounting for over 80% of industry assets Islamic banking growth is expected to accelerate underpinned by higher oil prices, increased government spending and investments Islamic finance is expected to grow by 10% annually in 2022-2023 Source: FY2021 company financials, S&P Global Ratings, Central banks. Note: with preliminary illustrative acquisition impact. KWD, SAR, AED, QAR, BHD converted to USD per FX rate of 3.306, 0.267, 0.272, 0.275, 2.659 respectively as at 31-Dec-2021. 1 Only considers publically listed, 100% Islamic banks (i.e. excludes any conventional banks with Islamic portfolios/operations) S|| Jugoüll w and also excludes Iran-based banks given limited and outdated disclosure. 2 With preliminary illustrative acquisition impact. Kuwait Finance House 11 البنك الأهلى المسجد ahli united bank#123 PROPEL KFH'S REGIONAL FOOTPRINT International Presence (As At 31-Dec-2021) Saudi Arabia KFH Existing Presence Libya Entry Into New Market UK C⭑ Turkey Germany Entry Into New Market Net Loans: $2bn¹ KFH Existing Presence Net Loans: $9bn KFH Existing Presence Iraq Entry Into New Market Total Assets: <$1bn Kuwait Strengthens Position in Existing Market Net Loans: $36bn Bahrain Strengthens Position in Existing Market Net Loans: $7bn UAE Entry Into New Market Egypt Entry Into New Market Net Loans: $3bn¹ Oman Entry Into New Market Net Loans: $6bn Malaysia KFH Existing Presence Net Loans: $1bn Represent investment in Associates Net Financing Receivables by Geography (As At 31-Dec-2021) بيت التمويل الكويتي Kuwait Finance House Bahrain 8% Malaysia 2% UK 8% البنك الأهلى المسجد ahli united bank Other 13% Turkey 25% Kuwait 65% Egypt 12% Kuwait 50% Bahrain 17% Total: $38bn بيت التمويل الكويتي Kuwait Finance House Egypt 5% UK Other 3% 5% البنك الأهلى المسجد Total: $22bn ahli united bank Malaysia 1% Bahrain 11% Turkey 15% Kuwait 60% Total: $60bn Source: FY2021 company filings, Central banks. Note: with preliminary illustrative acquisition impact. KWD, BHD, TRY, MYR, OMR converted to USD per FX rate of 3.306, 2.659, 0.075, 0.240, 2.601 respectively as at 31-Dec-2021. البنك الأهلى المسجد بيت التمويل الكويتي Kuwait Finance House ahli united bank 12#13Operating Income² 4 ENHANCED SCALE AND DEEP RELATIONSHIPS ACROSS CORPORATE AND RETAIL CUSTOMERS AUB's mainly corporate business mix complements KFH's orientation towards retail Segment Assets¹ بيت التمويل الكويتي Kuwait Finance House Treasury & Investments 42% Retail & Private Banking 32% Corporate Banking 26% Treasury & Investments 24% Retail & Private Banking 44% Corporate Banking 32% + + البنك الاهلى المسجد ahli united bank Other 4% Retail & Private Treasury & Investments 41% Banking 14% Corporate Banking 41% Treasury & Investments 39% Retail & Private Banking 25% Corporate Banking 36% = = Pro Forma Other 1% Retail & Treasury & Investments 42% Private Banking 26% Corporate Banking 31% Treasury & Investments 29% Retail & Private Banking 38% Corporate Banking 33% Source: FY2021 company financials, Central banks. Note: with preliminary illustrative acquisition impact. 1 KWD converted to USD per FX rate of 3.306 as of 31-Dec-2021. 2 KWD converted to USD per average FX rate of 3.314 for FY2021. البنك الأهلى المسجد بيت التمويل الكويتي Kuwait Finance House ahli united bank 13#145 SIGNIFICANT OPERATIONAL EFFICIENCIES Substantial Cost Saving Opportunities Branch footprint and ATM optimisation based on geographic overlap IT systems integration Branch, HQ and central functions consolidation Cost benefits to be realised over 3 years Focused on overlapping geographies in Kuwait and Bahrain Source: Company filings, McKinsey analysis. Cost Benefits Represents 10-12% of Combined Cost Base + Potential for revenue synergies 14 14 ahli united bank البنك الأهلى المسجد بيت التمويل الكويتي Kuwait Finance House#156 WELL CAPITALISED AND FUNDED, IDEALLY POSITIONING US TO BETTER PURSUE GROWTH Significant Pro Forma Capital Position (As At 31-Dec-2021) Strong And Diverse Funding Base (As At 31-Dec-2021) CET1 Ratio 13.3% 15.2% 13.7% $10.7bn $6.7bn $4.5bn CAR Ratio 17.0% 18.7% 17.3% $13.5bn $8.3bn $5.8bn البنك الأهلى المسجد ahli united bank Strategic Opportunities بيت التمويل الكويتي Kuwait Finance House Kuwait Finance House Sa+ الملك الأهلى المسجد ahli united bank بيت التمويل الكويتي Kuwait Finance House Other Liabilities 5% Equity 17% البنك الاهان المتعد ahli united bank Interbank 14% Deposits 64% Total Liabilities & Equity: $121bn Drive growth in core regions and products Better serve Kuwaiti corporates with international ambitions Support international companies operating in Kuwait ▪ Leverage technology to enhance customer experience ■ Invest in distribution capabilities ■ Drive wealth management cross-sell Additional cross-sell delivered through better consumer client segmentation البنك الأهلي المتحد بيت التمويل الكويتي Source: Company financials, Central bank of Kuwait. Note: with preliminary illustrative acquisition impact. KWD converted to USD per FX rate of 3.306 as at 31-Dec-2021. 15 Kuwait Finance House ahli united bank#167 EARNINGS ACCRETIVE TO KFH SHAREHOLDERS ILLUSTRATIVE EPS & DPS ACCRETION BASED ON 2021 PRO FORMA FINANCIALS Metric Pre and Post Acquisition USD4 KWD Illustrative EPS and DPS Accretion Based on 2021 Pro Forma Calculations³ Post-Acquisition³ Pre-Acquisition 2021 Net Income (m) 793 239 Number of Shares Outstanding (m) 1 9,207 9,207 Shareholding % 2021 EPS (cents / fils) 100% 100% Including Run-rate Synergies 8.6 8.6 26 EPS (cents) 35.2% 11.7 3.6 DPS (cents)5 35.2% 4.9 KFH Pro Forma KFH Pro Forma 2021 Pro Forma Net Income (m)² 1,381 417 2021 Pro Forma Net Income Incl. Total Synergies (m) 1,555 469 Pro Forma Combined Number of Shares Outstanding 13,344 13,344 8.6 Pro Forma Shareholding % 69% 69% Excluding Run-rate Synergies 2021 Pro Forma EPS Incl. Total Synergies (cents / fils) 11.7 35 2021 Pro Forma EPS Excl. Synergies (cents / fils) 10.4 31 20.1% 10.4 3.6 20.1% 4.3 KFH Pro Forma KFH Pro Forma Transaction accretive to earnings per share for KFH's shareholders including and excluding the impact of synergies Note: As at 31-Mar-2022. 2 Net of Tier 1 securities costs and Zakat. 3 Including net income from AUB Kuwait minorities intended to be acquired post completion. 4 At KWD:USD exchange rate of 3.314 based on average daily exchange rate in 2021. 5 Pro forma cash dividends calculated assuming a pay-out ratio of 42% based on KFH's 2021 cash pay-out ratio. 16 البنك الأهلى المسجد بيت التمويل الكويتي Kuwait Finance House ahli united bank#173. Integration بيت التمويل الكويتي Kuwait Finance House#18KFH STRATEGIC PLAN POST ACQUISITION ◉ ◉ Maintain current structure, save for any Bahrainization requirements or any personnel changes that may be required for the purposes of achieving the anticipated synergies, converting AUB's business Sharia'a compliant or as part of AUB's existing strategy Conversion of AUB Bahrain and its subsidiaries into Sharia'a compliant businesses that offer a full range of Sharia'a compliant banking products Conduct the statutory merger of the Group's two subsidiaries in Bahrain (AUB and KFH Bahrain) following the successful completion of the conversion of AUB's business into a Sharia'a compliant bank Change AUB's name to KFH Bahrain, following the successful implementation of the Acquisition Submit a mandatory tender offer with respect to the shares in AUB Kuwait Conversion of AUB Kuwait into a digital bank Maintain KFH Group's existing dividend policy البنك الأهلى المسجد بيت التمويل الكويتي Kuwait Finance House 18 ahli united bank#19HIGH-LEVEL INTEGRATION PLAN AND TIMELINE 3-6 Months Pre-Closing Phase Appoint broader leadership and management team Develop integration roadmap and governance, including integration planning committee Launch regulatory approvals process • Conduct shareholders meetings Complete transaction 12-18 Months Post-Closing Phase 1: Customer readiness • Develop combined business strategy Convert all non-Islamic operations to Islamic¹ Integrate the organization ― Back office, support and control functions integration (e.g. HR, finance, credit systems) Business functions integration and customer migration 12-24 Months Post-Closing Phase 2: Operational readiness Roll out revenue generation initiatives for the combined customer portfolio Scale up acquisition campaign for new customers of Digital Bank Rationalize technology systems Prepare the detailed integration plans for all workstreams - Distribution network optimization Technology conversion and migration Implement branding strategy Launch Minimum Viable Product of Digital Bank Note: Conversion timeline will vary country to country; all conversion expected to be complete within 18 - 36 months. البنك الأهلى المسجد بيت التمويل الكويتي Kuwait Finance House 19 ahli united bank#204. Vision and Mission بيت التمويل الكويتي Kuwait Finance House#21MATCHING VISIONS, STRATEGIES AND MISSIONS Vision and Strategy بيت التمويل الكويتي Kuwait Finance House + البنك الأهلي المتحد ahli united bank To lead the international development of Islamic financial services and become the most trusted and most consistently profitable Sharia'a-compliant bank in the world Mission To deliver superior innovation and customer service excellence whilst protecting and enhancing the interests of all stakeholders البنك الأهلى المسجد بيت التمويل الكويتي Kuwait Finance House 24 21 ahli united bank#225. Transaction Structure بيت التمويل الكويتي Kuwait Finance House BODOH CONFIDEN Scuolt eem#23ENVISAGED TRANSACTION STRUCTURE September 2022 Phase 1 KFH Shareholders AUB Shareholders Phase 2 Islamic Banks Conventional Banks KFH Shareholders AUB Shareholders to be consideration Issued Shares in KFH as KFH Acquisition of AUB AUB Key Steps for Phase 1 1 Acquisition of AUB by KFH via share swap KFH AUB September 2022 - September 2023 MTO to remaining shareholders in 100% AUB Kuwait I I Other Shareholders KFH Shareholders KFH 100% Phase 3 AUB Other Shareholders KFHB ΜΤΟΙ Other AUB subsidiaries Iraq AUB UK AUB Egypt AUB Kuwait Other subsidiaries AUB Iraq AUB UK AUB Egypt AUB Kuwait Conversion of business Key Steps for Phase 2 Convert to digital bank 1 Conversion of AUB Bahrain and its subsidiaries into Sharia'a compliant businesses Digital unlisted bank 2024 KFH and AUB Shareholders KFH 100% Statutory Merger AUB Key Steps for Phase 3 1 Statutory merger 2 between KFHB and AUB KFHB dissolved and its assets and liabilities assumed by AUB البنك الأهلى المسجد بيت التمويل الكويتي Kuwait Finance House 23 23 ahli united bank#24KFH GROUP STRUCTURE POST-ACQUISITION 100% 100% Kuwait Finance House (Malaysia) Berhad KFH Capital Investment Company K.S.C.C Malaysia Kuwait Kuwait Turkish Participation Bank Inc. Turkey 62% 100% 100% 100% KT Bank AG Kuwait Finance House K.S.C.P Saudi Kuwaiti Finance House S.S.C 25%2 Saudi Arabia KFH Real Estate Company K.S.C.C UK Kuwait Germany Kuwait Iraq 100% 56% Kuwait Finance House B.S.C. Al Enma'a Real Estate Company K.S.C.P Bahrain Kuwait 100% Ahli United Bank B.S.C Bahrain Ahli United Bank (UK) PLC¹ 100% 95.7% Ahli United Bank (Egypt) S.A.E¹ Egypt Ahli United Bank¹ K.S.C.P 75%³ 100% Ahli United Bank B.S.C (DIFC Branch)¹ Dubai, UAE Commercial Bank of Iraq P.S.C 80.3% 100% Al Hilal Life B.S.C (c) Bahrain Banking Subsidiaries Major non-banking entities Note: 1 Names of these entities will be changed to KFH subject to required approvals. 2 Subject to successful completion of Mandatory Tender Offer by KFH. 3 AUB B.S.C owns 74.9% of AUB K.S.C.P. or 75% if rounded up, as in the diagram above. 24 البنك الأهلي المتحد بيت التمويل الكويتي Kuwait Finance House ahli united bank#25POST-ACQUISITION SHAREHOLDING Post-Acquisition Shareholding Structure بيت التمويل الكويتي Kuwait Finance House Shareholders c. 69% البنك الأهلي المتحد ahli united bank Shareholders Combined Entity c. 31% البنك الأهلى المسجد بيت التمويل الكويتي Note: Pro forma shareholding is based on current shares outstanding subject to 100% acquisition of AUB by KFH and is subject to change due to movement in Treasury shares. 25 Kuwait Finance House ahli united bank#266. Financial Highlights بيت التمويل الكويتي Kuwait Finance House#27EVIDENT FINANCIAL RATIONALE A transformational transaction that brings significant benefits to all stakeholders 1 Scale position where assets >$120bn Combined assets of $121bn 2 Diversified funding base 77% Net Financing Receivables / Deposits Funding comprises 64% deposits 3 Prudently risk-managed portfolio NPF Ratio of 2.0% 300 Peers' Total Assets, $bn 272 244 187 166 121 120 110 ه انه الوهبيتي QNB FAB SNB Emirates NBD البنت الحسن الشجر ع الوطني connilin ahli united bank ADCB NBK بيت التمويل الكويتي Peers' Net Financing Receivables / Deposits 108 % 97% 93% 92% 88% 84% 77% 67% الوطني tra NBK *QNB Emirates NBD ADCB compliqu ahli united bank NR SNB FAB بيت التمويل الكوياي Peers' NPF Ratios 0.7% 1.0% 1.6% 2.0% 2.3% 4.0% 5.4 % 6.3% الوطني بنه الوهابي الأول Rajham NBK SNB ahli united bank QNB FAB ADCB Emirates NBD بيت التمويل الكوبان Peers' Cost / Income Ratios 34% 35% 35% 4 Improving efficiency profile 23 % 27% 27% Cost / Income Ratio of 35% 5 Strong return profile 6 Robust capital position Return on Average Tangible Equity of 13.8% CET1 Ratio of 13.7% CAR of 17.3% انه القبيات QNB FAB 35% 40% Rajk Emirates NBD SNB الوطني ADCB ahli united bank NBK + بيت التمويل الكويتي Peers' ROATE¹ 23.5% 16.6 % 15.1 % 13.8% 13.8% 12.8% 11.9% 11.4% ARAN BA QNB FAB ahli united bank SNB Emirates NBD NBKT الوطني بيت التمويل الكوبان مند لوادي الانصاري ADCB Peers' CET1 Ratio 16.6 % 16.5 % 15.1 % 14.2 % 13.7 % 13.3 % 12.9% 12.4% SNB A محرك البحر الوطني Emirates NBD QNB ahli united bank NBK ADCB بيت التمويل الكويام Source: FY2021 company financials, Central banks. Note: with preliminary illustrative acquisition impact. KWD, SAR, AED, QAR, BHD converted to USD per FX rate of 3.306, 0.267, 0.272, 0.275, 2.659 respectively, as at 31-Dec-2021. 1 Calculated for FY2021 as net income attributable to shareholders post costs related to Sukuk/Tier I Capital notes divided by average tangible equity attributable to shareholders (excluding Sukuk/Tier I Capital notes). بيت التمويل الكويتي Kuwait Finance House 27 الام الرقبي الأول FAB البنك الأهلى المسجد ahli united bank#28FINANCIAL AND OPERATIONAL METRICS Metrics (USD and FY2021) Net Income, $m Total Assets, $m البنك الأهلى المسجد بيت التمويل الكويتي Kuwait Finance House 793 Pro Forma6 ahli united bank 588¹ 1,381¹ 121,066 72,027 41,913 Net Financing, $m 37,538 22,075 59,614 Total Deposits, $m 52,453 25,204 77,657 Net Income² / Total Assets 1.1% 1.4% 1.1% Net Financing / Deposits 72% 88% 77% CET1 Ratio CAR Ratio 15.2% 13.3% 13.7% 18.7% 17.0% 17.3% Cost / Income Ratio 38.0% 29.5% 35.5% Return on Average Tangible 12.6% 15.1% Equity³ 13.8% Branches 526 157 683 Staff Liquidity Banking Assets/ Tangible Banking Assets c. 13,000 26.1% 3,294 18.5% Note: Financial and Operational Metrics as per FY2021 company financials. KWD:USD FX rate of 3.306 as at 31-Dec-2021 used for balance sheet metrics and 3.314 as at 2021 average used for P&L metrics. 1 Including net income from AUB Kuwait minorities intended to be acquired post completion. 2 Net income post Sukuk costs, for AUB and Pro Forma includes net income from AUB Kuwait minorities intended to be acquired post completion. ³ Calculated as net income attributable to shareholders post costs related to Sukuk divided by average tangible equity attributable to shareholders (excluding Sukuk). 4 Liquid Banking Assets include Cash and Cash Equivalents, Deposits with Banks and T-Bills. 5 Total Assets less Goodwill and Intangibles. 6 With preliminary illustrative acquisition impact. 28 بيت التمويل الكويتي Kuwait Finance House c. 16,294 23.3% البنك الأهلى المسجد ahli united bank#29بيت التمويل الكويتي Kuwait Finance House BENBERAN SEE