Investor Presentaiton

5 Omani Banking Sector Overview of the Omani Banking Sector ► The Omani Banking Sector comprises 20 licensed banks, of which: 16 conventional commercial banks: 7 locally incorporated and 9 branches of foreign banks ► 2 state-owned specialised banks: Oman Housing Bank and Oman Development Bank ► 2 full-fledged locally incorporated Islamic banks ▸ The Omani banking sector has been growing consistently in the past decade with banking assets reaching over OMR 41 billion in March2023. ► OMR 34 billion for conventional banks and OMR 7 billion for Islamic banks Islamic banking sub-sector has been growing considerably in the past years ➤ The banking sector has limited reliance on foreign funding, mainly due to strong domestic deposit base Regulatory Framework set by The Central Bank of Oman (“CBO") بنك ظفار BankDhofar Several regulatory and supervisory initiatives have been implemented by the CBO to develop a competitive and sound banking system Robust bank capitalization levels ▸ Implementation of Basel III regulation ► Introduction of a Prompt Corrective Action framework (the PCA) in 2005, which makes it mandatory for banks to take corrective actions if their total capital adequacy ratio falls below a certain level Credit quality and provisioning - implementation of IFRS 9 for measuring and booking credit related provisions Funding and liquidity - directing Omani banks towards a deposit-based funding and significant liquidity buffers ▸ NSFR (minimum of 100%) and LCR (minimum of 100%): key reforms to maintain a stable funding profile and a sound liquidity level OMR billion 34 Assets, Deposits and Loans of Omani Banks 36 36 39 28 23 23 25 26 27 26 28 24 24 2018 2019 2020 2021 39 ■Total Assets ■Total Deposits Total Loans Source: CBO Monthly Statistical Bulletin March 2023 29 26 29 41 27 22 30 OMR billion Islamic Banking Assets of Omani Banks 4.9 4.4 49 CAGR: 7.8% 6.4 6.5 5.9 5.2 2022 Mar-2023 2018 2019 2020 2021 2022 Mar-23 Source: CBO Monthly Statistical Bulletin March 2023 12

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