Investor Presentaiton

Historical performance / markets Market Drivers IMF expect near-term growth to accelerate in the run up to the 2022 FIFA World Cup, supported by the revival in domestic demand and high hydrocarbon prices. (IMF Staff Report, May 2022) Construction and Services having positive growth in relation to GDP. Manufacturing has declined slightly as it awaits next wave of investments post-World Cup. (IMF Staff Report, May 2022) Contributions to Real GDP Growth (In percent) 6 Agriculture and Mining Estithmar Holding Q.P.S.C. Manufacturing 4 Construction Services 2 GDP 0 -2 -4 -6 -8 2020Q1 2020Q2 2020Q3 2020Q4 2021Q1 2021Q2 2021Q3 2021Q4 Sources: Authorities data; and IMF staff calculations. Activity expected to stabilize into 2023 and return to the more historical level of growth in line with the general construction output. According to the Qatar Planning and Statistics Authority (PSA), "[C]onstruction output growth is expected to up to annual growth of 4.1% between and 2025, supported by investments under the Qatar National Vision 2030" (Qatar Construction Industry Report 2022: Growth Set to be Assisted by Government Capital Expenditure Under the 2022 Budget - ResearchAndMarkets.com | Business Wire) Market Risks Major downsides risks relate to protracted pandemic, oil market volatility, tighter global financial conditions, and worsening geopolitical tensions are main downside risks. (IMF Staff Report, May 2022) ESTITHMAR HOLDING Q.P.S.C

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