3Q 2023 Financial Performance

OPERATING ENVIRONMENT | ECONOMIC CONDITIONS The macro-economic environment is characterized by rising rates, supportive domestic activity, volatile oil and moderating stock prices. Brent Oil Price / Barrel (USD) ■ Oil prices rose to USD 120/bl in 3Q 2022, following Ukraine-Russia disruption, but declined to USD 75/bl in 2Q 2023 before rising to USD 96/bl in 3Q 2023. ■ Interbank rates increased in 2022 and 9M 2023 from 11 hikes totaling 500bps in the SAMA repo and reserve repo rates to 6.00% and 5.50% respectively. ■ The Saudi Arabia purchasing managers index (PMI) has remained in expansionary territory throughout 2022 and 2023 to date. ■ The Saudi Arabian stock market (Tadawul) increased 6% YTD, while the Banks index declined 10% YoY, both following a declining trend during 2022. KSA PMI (non-oil private sector) 57.2 +1% 96 +16% Tadawul Index 11,056 البنك السعودي الفرنسي Banque Saudi Fransi +6% 120 13,090 107 11,523 89 96 11,405 10,478 10,590 11,459 11,056 83 79 75 +29% QoQ -4% QoQ 1Q 22 2Q 22 3Q 22 4Q 22 1Q 23 2Q 23 3Q 23 1Q 22 2Q 22 3Q 22 4Q 22 1Q 23 2Q 23 3Q 23 SAIBOR Trend (%) 5.80% 5.49% 5.66% 5.80% Tadawul Banks Index 10,373 -10% 56.8 57.0 56.6 56.9 58.7 59.6 57.2 3.13% 4.92% 5.02% 5.14% 14,588 12,845 12,636 2.41% 11,542 IIIII 2.04% 1.36% -4% 2.38% QoQ 1.67% 1.01% 0.51% IIIII 10,768 11,278 10,373 -8% QoQ 1Q 22 2Q 22 3Q 22 4Q 22 1Q 23 2Q 23 3Q 23 1Q 22 1H 22 9M 22 FY 22 1Q 23 1H 23 9M 23 1Q 22 2Q 22 3Q 22 4Q 22 1Q 23 2Q 23 3Q 23 -O-SOFR/LIBOR: USD 3M (avg) -- SAIBOR: SAR 3M (avg) Sources: IMF, SAMA, EIA, HIS Markit, Tadawul 18

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