Investor Presentaiton

An 18% increase in operating expenses reflects implementation of strategic initiatives Operating expenses increased 18% YoY in 9M 2023, mainly due to increase in general & administration expenses and employee related costs as bank continued to execute on its digital transformation and strategic growth initiatives Cost to income ratio continued to fall, reaching 41.7% in 9M 2023, a decline of 2.9ppts YoY Operating expenses were stable QoQ in 3Q 2023 given better cost controls, resulting in cost to income ratio for the quarter reaching 40.3% Operating Expenses Composition (%) -9M 23 Employee-related 5% 10% G&A Operating Expenses (SARmn) +11% 421 364 384 406 405 48% ☐ Depreciation & amortization Premises 37% Operating Expenses Movement YoY (SARmn) +18% 123 44 9 1,048 3Q 22 4Q 22 1Q 23 2Q 23 3Q 23 Cost to income ratio 43.9% 43.9% 00 8 1,232 44.7% o 42.4% 41.7% 9M 22 G&A Employee-related Depreciation & amortization Premises 9M 23 9M 22 FY 22 1Q 23 1H 23 9M 23 The Saudi Investment Bank - 3Q 2023 Investor Presentation P. 33

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