1Q 2022 INVESTOR PRESENTATION

Operating Expenses 1Q 2022 saw 18% growth in operating expenses YoY mainly from higher employee and G&A costs Operating Expenses (SARmn) Operating Expenses Movement YoY (SARmn) مصرف الإنماء alinma bank +18% +18% 684 618 642 543 521 50 642 543 44 5 327 266 253 203 197 66 61 63 66 61 279 263 288 291 323 QoQ 1Q 21 -4% 2Q 21 +19% 3Q 21 +11% 4Q 21 -6% 1Q 22 Operating Expenses 1Q 21 Salaries & employee-related Depreciation & amortization Other G&A Salaries & employee-related +16% Depreciation & amortization +8% Other G&A Operating Expenses 1Q 22 +25% Operating Expenses Composition (SARmn) Cost to Income Ratio (%) 45% Salaries & employee- related 40% 40% 50% 642 35% Depreciation & 33.8% amortization 30% 10% 1Q 2022 INVESTOR PRESENTATION 35.5% Other G&A 25% 1Q 21 1H 21 9M 21 FY 21 1Q 22 Management Commentary ☐ Operating expenses increased 18% YoY to SAR 642mn for 1Q 2022 mainly due to higher salaries, increased commercial expenses from POS terminal deployments, higher SMS communication costs and a decrease in the input VAT recoverability rate. Higher operating expenses YoY contributed to a 1.7ppt increase in the cost to income ratio from 33.8% to 35.5%. 31/49

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