Investor Presentation Q3 2021

UAE economy rebounding with 4.6% growth expected in 2022 Highlights UAE GDP growth 6 % y/y growth 4 3.4 2 3.0 2.4 1.9 1.2 0 -2 46 -4 -6.1 4.6 -6 -8 2016 2017 2018 2019 2020e 2021f 2022f Income Expenses Risk Capital Liquidity Macro Divisional Key Highlights • • Positive UAE economic outlook with Expo 2020 and easing of travel restrictions expected to support recovery in tourism and hospitality. ENBD Research expects non-oil economy to grow by 3.5% this year. Residential real estate prices in UAE continued to rebound in Q3-21 with increased demand from both international and local buyers, improved investor and consumer sentiment and a rebound in oil prices. • With 87% of the population fully vaccinated the UAE continues to be a safe and attractive destination for residents and visitors. Residential property prices UAE's Covid-19 response 12 Daily New COVID-19 Cases Vaccination Doses adminstered per 100 people % y/y growth Dubai Abu Dhabi 250 4,000 8 97% of population received one dose 200 4 3,000 87% of population fully vaccinated 150 2,000 0 -4 100 1,000 -8 50 50 -12 0 0 Dec-15 Nov-16 Oct-17 Sep-18 Aug-19 Mar-20 Jul-20 Jun-20 Jun-21 Sep-20 Dec-20 Apr-21 Jul-21 Oct-21 Source: UAE Central Bank, Bloomberg, UAE Ministry of Health, BIS 22

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