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3Q 2020 Investor Presentation

Expenses Trends Upgrading IT & Digital platform, a long term investment Highlights ■ Cost to income ratio at (33.4%) a 130 bps increase YoY. Operating expenses grew by (+7.2% YoY). Cost To Income Ratio Trend (%) مصرف الراجحي Al Rajhi Bank Higher IT cost primarily related to acceleration of digital and infrastructure spend to enhance resilience. 32.1% 32.8% 32.6% 33.3% 33.4% Operating Expenses (SARmn) Al Rajhi Bank 9M 19 FY 19 1Q 20 1H 20 9M 20 Operating Expenses Growth Drivers By Type (SARmn) +8.0% +7.2% 1,596 1,742 1,621 1,634 1,724 4,978 136 125 4,644 73 3Q 19 4Q 19 1Q 20 2Q 20 3Q 20 The Blue Chip Islamic Bank 33 9M 19 Salaries & benefits Depreciation Other G&A 9M 20 expenses 3Q 2020 Investor Presentation

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