3Q 2023 Financial Performance

OPERATING ENVIRONMENT | ECONOMIC OUTLOOK Saudi Arabia's real GDP growth is forecast at 0.8% in 2023 due to lower oil production ■ Real GDP for Saudi Arabia is expected grow by 0.8% in 2023 following 8.7% expected growth in 2022 due to lower oil production. ■ Interest rates arises are expected to tail off during the remainder of 2023; average 3M SAIBOR forecast at 5.93% in 2023 and 5.76% in 2024 compared with 3.13% in 2022. Real GDP growth (%) 0.76% 8.74% Brent Oil Price / Barrel (USD) 80 البنك السعودي الفرنسي Banque Saudi Fransi 83 80 80 77 76 $ O 3.98% 4.23% 0.81% 0.16% O 2021 SAIBOR: SAR 3M (avg) (%) 5.93% 3.92% 0.76% 2021 2022 2023E 2024E 2025E 2021 2022 2023E 2024E 2025E Inflation (%) 2.47% 5.93% 5.76% 5.15% 3.06% 3.13% 5.21% 5.04% 4.37% 2.38% 2.47% 2.47% 2.23% 2.00% 5.10% O 2022 2023E 2024E Current A/C Balance (%) 5.95% 13.60% 5.95% 5.40% 4.41% 2025E 2021 2022 2023E 2024E 2025E 2021 2022 2023E 2024E 2025E -O-SOFR/LIBOR: USD 3M (avg) SAIBOR: SAR 3M (avg) Sources: SAIBOR historical rates - SAMA | SAIBOR/SOFR forecasts - BSF Treasury | Oil price historical prices - EIA | GDP, oil price, inflation & current A/C balance - IMF 19 6

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