4Q 2022 INVESTOR PRESENTATION

Operating Expenses FY 2022 saw 17% growth in operating expenses YoY mainly from higher employee and G&A costs Operating Expenses (SARmn) Operating Expenses Movement YoY (SARmn) +10% +17% مصرف الإنماء alinma bank 682 710 750 171 642 663 209 28 2,765 2,358 305 318 326 253 284 66 66 69 70 74 290 323 310 334 358 QoQ 4Q 21 -6% 1Q 22 +3% 2Q 22 +7% 3Q 22 +6% 4Q 22 Operating Expenses FY 21 Salaries & employee-related Depreciation & amortization Other G&A Salaries & employee-related +19% Depreciation & amortization Other G&A Operating Expenses FY 22 +11% +17% Operating Expenses Composition Cost to Income Ratio (%) (SARmn) 45% ■Salaries & employee-related 40% 35% 35.4% 42% 48% 30% Depreciation & amortization 2,765 25% 20% Other G&A 10% 15% FY 21 1Q 22 1H 22 9M 22 FY 22 4Q 2022 INVESTOR PRESENTATION 34.7% Management Commentary Operating expenses increased 17% YoY to SAR 2,765mn for FY 2022 mainly due to higher salaries, increased commercial expenses from POS terminal deployments, higher SMS communication, and marketing costs. +230bps positive Jaws contributed to a 0.7ppt decrease in the cost to income ratio from 35.4% to 34.7%. 30/49

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