Investor Presentaiton

OUR OPERATING REVIEW | TREASURY AND INVESTMENT BANKING Treasury had a drop in net income driven by ASF sale and investment banking net income grew by 12.1% Treasury Segmental Performance, (SARmn) 2016 2017 2018 9M'18 9M'19 YOY% Total Assets 69,346 66,836 66,580 61,844 59,972 -3.0% 24% of Revenue Revenues 1,531 1,759 1,677 1,336 1,219 -8.8% Operating expenses 246 474 380 277 234 -15.7% Impairment charges 3.5 30 0 3 6131.9% Share in associate 7 8 3 3 0 -100.0% Net Income 1,291 1,293 1,269 1,061 982 -7.4% Investment Banking Segmental Performance, (SARmn) 4% of Revenue 2016 2017 2018 9M'18 9M'19 YOY% Total Assets 1,077 1,208 1,335 1,370 1,340 -2.2% Revenues 275 264 278 203 215 6.4% Operating expenses 174 167 174 131 135 3.2% Net Income 101 96 104 72 80 12.1% |BSF Investor Relations 20 | 20

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