1Q 2023 Investor Presentation

Operating Expenses 1Q 2023 saw 18% growth in operating expenses YoY mainly from higher employee and G&A costs Operating Expenses (SARmn) Operating Expenses Movement YoY (SARmn) +18% +18% مصرف الإنماء alinma bank 642 663 710 750 758 642 44 6 55 65 758 305 318 319 253 284 66 69 70 74 73 323 310 334 358 367 QoQ 1Q 22 +3% 2Q 22 +7% 3Q 22 +6% 4Q 22 +1% 1Q 23 Operating Expenses 1Q 22 Salaries & employee-related Depreciation & amortization Other G&A Salaries & employee-related +14% Depreciation & Other G&A amortization +10% Operating Expenses 1Q 23 +26% Operating Expenses Composition Cost to Income Ratio (%) 34.8% (SARmn) 45% ■Salaries & employee-related 40% 35% 35.5% 42% 48% Depreciation & amortization 30% 758 25% 20% Other G&A 10% 15% 1Q 22 1H 22 9M 22 FY 22 1Q 23 1Q 2023 INVESTOR PRESENTATION Management Commentary Operating expenses increased 18% YoY to SAR 758mn for 1Q 2023 mainly due to higher salaries, software maintenance expenses, POS terminal deployments, higher SMS communication, and marketing costs. +258bps positive Jaws contributed to a 0.7ppts decrease in the cost to income ratio from 35.5% to 34.8%. 30/48

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