Investor Presentation 2020

KSA & Telecom Industry (Q4 2020) 9 Macro Economy & Liquidity Regulatory Environment Investor Presentation 2020 | stc group • . Expat remittances from Saudi Arabia rise 30% to SAR 12.9 bln in November 2020. Saudi bank loans granted to the public and private sectors increased 16% by the end of November 2020 to SAR 1.832 trillion compared to SAR 1.585 trillion a year earlier, according to data issued by the Saudi Central Bank (SAMA). Assets held by the Saudi Central Bank (SAMA) saw an increase of SAR 37.4 billion month-on-month (MoM) to SAR 1.858 trillion in November 2020, according to data released by the central bank. Saudi Arabia's oil exports to China increased by 43% month-on-month (MoM) in November 2020 to reach 8.48 million tons, or 2.06 million barrels per day. Accordingly, the Kingdom, restored its position as the largest oil supplier to China. Saudi Arabia's Ministry of Investment issued 812 new licenses to foreign companies in the first nine months of 2020, compared to 840 licenses a year earlier. Saudi GDP drops 5% to SAR 621.4 bln in Q3 2020. CITC signs MoUs with Ericsson, Nokia, Huawei to support digital transformation plans. Abdullah Alswaha, Minister of Communications and Information Technology said the Kingdom ranks among the 10 best countries in internet speed, noting that it was not among the 100 best countries in 2017 as the frequency spectrum increased from 260 GHz to 1,100 GHz. The Capital Market Authority announced that its board issued a decision on Oct. 26, 2020, obligating the issuers of listed securities in the main market to make any notification to the Saudi Stock Exchange (Tadawul), as well as to disclosures to the public, in both Arabic and English languages Jan. 1, 2021. Government Initiatives Saudi Arabia 'among world's first 3 countries' to start vaccine rollout. King Salman bin Abdulaziz Al Saud said that 2021 budget will focus on the healthcare of nationals and residents, and combat COVID-19 challenges. The Kingdom's housing targets for 2021 include continuing to pump more units from off-plan sales to the beneficiaries of Sakani program, the Saudi Ministry of Finance said in the 2021 budget statement. Saudi Arabia's Ministry of Human Resources and Social Development launched a Labor Reform Initiative (LRI) to organize the contractual relationship between employers and expatriate workers in the labor market. stc

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