4Q 2023 Investor

Presentation
Saudi National Bank

Riyadh | February 2024

Contents SNB Profile P. 3 - 9

Operating Environment P. 9 - 11

Strategy & Operational Update P. 12 - 16

Financial Results Highlights P. 17 - 23

Financial Results Details P. 24 - 38

Segmental Review P. 39 - 44

Appendix P. 45 - 49

SNB | 4Q 2023 | Investor Presentation 2

SNB Profile
4Q 2023

SNB | 4Q 2023 | Investor Presentation

SNB Overview

SNB is Saudi Arabia’s largest banking group with a well-diversified business model,
leading client offering, and presence in 9 countries
Our Purpose: Our Presence Advanced Digital Capabilities
To propel our nation
Retail User Penetration
towards Vision 2030 85%
and beyond. Wholesale User Penetration
Saudi National Bank Subsidiary Offices in 77%
Headquartered in Riyadh Samba Bank (Pakistan) Shanghai & Seoul
47 branches, 50 ATMs Retail Sales
Our Performance 470 branches
3,654 ATMs 957 Employees 73%
Financing Deposits 96 Remitt. centers Retail Transactions
8,597 Employees 99%
SAR
Bn 602 SAR
Bn 590 Wholesale Transactions
99%
Retail Account Opening
Operating Income Net Income1 82%
Wholesale Account Opening
SAR
Bn 34.6 SAR
Bn 20.0 70%
POS market share (# of transactions)
19%
Cost of Risk Cost/Income Ratio2 POS market share (value)
22%

0.16% 27.6% Subsidiary Subsidiary Wholesale Branches

TFKB (Turkey) SNB Capital (KSA) Bahrain, UAE, Qatar &
Robust credit standing
305 branches 28 branches Singapore
SAMA LDR T1 Capital Ratio 513 ATMs 393 Employees
3,824 Employees

83.9% 19.4%
Ratings LT ST Outlook

S&P A- A-2 Stable

Fitch A- F2 Stable
Total Assets Customers Employees3 Market Cap
Moody’s (unsolicited) A1 P-1 Positive
SAR
Bn 1,037 14.2mn 16,084 SAR
Bn 209.9 Capital Intelligence A+ A1 Positive

Figures as of 4Q 2023, unless otherwise specified | 1 Net Income Attributable to Equity Holders | 2 Excludes amortization of intangibles |
SNB | 4Q 2023 | Investor Presentation 3 Includes Alahli Esnad (2,313 employees) – fully owned subsidiary engaged in outsourcing and manpower services in KSA
4
SNB in KSA and GCC Context

SNB is the leading bank in KSA and among the top 3 in the GCC countries

SNB Rank SNB Rank

Top 5 Banks in GCC by Rank
in KSA in GCC

Assets (SARbn) Financing (SARbn)

Assets #1 #3
Peer 1 1,222 Peer 1 840

Peer 2 1,211 SNB 596

Financing #1 #2
SNB 1,027 Peer 4 591

Peer 3 853 Peer 2 488

Deposits #1 #3
Peer 4 801 Peer 3 465

Operating Income (SARbn) Net Income (SARbn)

Total Investments #1 #2
Peer 3 33.4 Peer 3 17.8

Peer 1 29.9 SNB 15.0

Total Income #1 #3
SNB 26.0 Peer 2 12.7

Peer 2 21.0 Peer 4 12.5

Net Income #1 #2
Peer 4 20.5 Peer 1 12.2

Sources: SNB, Capital IQ. Peers (1, 2, 3, 4) represent GCC-based banks sorted in descending order by total assets;
SNB | 4Q 2023 | Investor Presentation financial position is benchmarked based on 3Q 2023 data.
5
SNB market position as of 3Q 2023

Leading, diversified franchise

KSA Total Market SNB Market Share in SARbn SNB Market Share in % Rank KSA

Overall Banking
(Assets) 3,643Bn
SAR 1,027 2,616 28% #1

Wholesale Banking
(Domestic Financing) 1,315Bn
SAR 262 1,053 20% #1

Retail Banking
(Domestic Financing) 1,095Bn
SAR
316 779 29% #2

Treasury
(Investments) SAR 765Bn 267 498 35% #1

Asset
Management1 SAR 792Bn 240 552 30% #1
(AUMs)

Brokerage
(Value Traded) 1,963Bn
SAR
346 1,618 18% #1

SNB | 4Q 2023 | Investor Presentation Sources: SNB, Bank Financial Statements | 1 As of 2Q 2023 6
Progress on ESG

SNB has issued three instruments including green and sustainability issuances totaling
SAR 3.1 billion and has a SAR 7.1 billion portfolio of eligible sustainable assets

First financial institution in KSA to implement sustainable finance framework Allocation of green and social assets and their expected benefits:

Renewable energy and Employment Generation

Supporting Green and Social Projects

Promoting good Preserving the
Ethical environment
governance around us 4 Solar Plants and 1 Wind Farm
SNB Group
sustainability Power over 100,000 homes
Promoting framework Empowering
Sustainable individuals and
finance communities Created over 4,000 direct jobs annually

Displace nearly 4 million MWh per year

SNB has a total of 5 eligible assets with environmental benefits and 492 SMEs
with social benefits related to employment generation

SNB | 4Q 2023 | Investor Presentation Source: SNB Sustainable Finance Allocation and Impact Report 2023 7
Credit Ratings

Strong credit profile

Rating Agency Saudi Arabia SNB Ratings SNB Outlook Quotes

Long-term A- “Key strengths: (1) Leading market position

A BBB+ in Saudi Arabia; (2) Strong capitalization,
S&P Stable
Outlook: Stable supported by stable and predictable
A-2 A-2
Short-term earnings; (3) Balanced risk profile.”
2019 2020 2021 2022 2023

Long-term A- A- “SNB's National Rating is the highest among

A+ Saudi banks as the bank is the largest in the
Fitch Stable
Outlook: Stable F1 country and its financial metrics are at the
Short-term F2 higher end of the sector.”
2019 2020 2021 2022 2023

“SNB's baa1 BCA reflects the bank's (1)

Long-term A1 A1 strong funding and liquidity, underpinned by
A1 its position as Saudi Arabia's largest bank;
Moody’s Positive
Outlook: Positive and (2) strong solvency, which includes
P-1 P-1
Short-term robust capitalization and resilient
2019 2020 2021 2022 2023 profitability.”

Long-term A+ A+ “The affirmation of SNB’s ratings reflects its

status as the leading Saudi bank. The Bank
A+
Capital Intelligence Positive is the largest bank in the KSA enjoying
Outlook: Stable
A1 A1 majority government ownership and robust
Short-term
2019 2020 2021 2022 2023 franchises and market positions...”

SNB | 4Q 2023 | Investor Presentation Sources: SNB, S&P, Fitch, Moody’s, Capital Intelligence. 8
Operating Environment
4Q 2023

SNB | 4Q 2023 | Investor Presentation

Operating Environment

Supportive KSA macro-economic environment

Average Monthly Oil Prices (US$/bbl) Oil Demand Outlook (mmbd) Real GDP Growth (% Y/Y change)
140 106.0 105.5 +20.0
120 105.0 +15.0
100 104.0 103.7 +10.0
80
80 103.0 102.4 +5.0 +4.6
72 102.1
60 102.0 101.7 +0.0 -0.9
101.0
40 101.0 -5.0
20 100.0 -10.0 -9.2
0 99.0 -15.0
Dec-13 Dec-15 Dec-17 Dec-19 Dec-21 Dec-23 2013 2015 2017 2019 2021 2023
2023E 2024E
Brent WTI EIA IEA OPEC Real GDP Oil Activities Non-Oil Activities

Non-Oil GDP (% Y/Y change) Inflation (%) Fiscal Balance

9.0 5.0 300 10.0
4.0 200
6.0 5.0
3.0 100
2.3 0.0
3.0 2.0 0
1.0 -100 -5.0
0.0 0.0 -200
-10.0
-1.0 -300
-3.0 -15.0
-2.0 -400
-6.0 -3.0 -500 -20.0
2013 2015 2017 2019 2021 2023 2013 2015 2017 2019 2021 2023 2013 2015 2017 2019 2021 2023
Fiscal balance (SARbn) % of GDP (RHS)

SNB | 4Q 2023 | Investor Presentation Macro-economic Indicators Sources: SNB Economics, KSA MoF, Thomson Reuters, Bloomberg, EIA, IEA, OPEC 10
Operating Environment

Strong and stable banking sector

Overall Banking Industry Lending Overall Banking Industry Lending by Average Monthly Value of Gross Mortgage
& Deposits (Y/Y % change) Sector (M/M % change) Origination by All Banks (SARbn)
20.0 4.0 14,000 200.0
12,000
3.0 150.0
15.0 10,000
2.0 8,000 100.0
10.0 10.0
1.0 6,000 50.0
7.8
4,000
5.0
0.0 0.2 0.0
2,000
-0.5
0.0 -1.0 0 -50.0
Dec-19 Dec-20 Dec-21 Dec-22 Dec-23 Dec-21 Jun-22 Dec-22 Jun-23 Dec-23 2017 2020 20231
Total Lending Total Deposits Corporate Loans Personal Loans Avg. Monthly Originations % Y/Y (RHS)

Overall Banking Industry Loan to Deposit Annual Money Supply (% Y/Y change) 3M SAIBOR (% average)
Ratio (%)
110.0 14.0 7.0
104.5 12.0 6.0 5.9
100.0 10.0 5.0
8.0 4.0
90.0
6.0 3.0

80.0 80.7 4.0 2.0

2.0 1.0
70.0 0.0 0.0
Dec-19 Dec-20 Dec-21 Dec-22 Dec-23 2013 2015 2017 2019 2021 2023
2013 2015 2017 2019 2021 2023
Regulatory LTD ratio Headline LTD ratio

SNB | 4Q 2023 | Investor Presentation 1 September-23 | Macro-economic Indicators Sources: SNB Economics, SAMA 11
Strategy & Operational Update
4Q 2023

SNB | 4Q 2023 | Investor Presentation

2023 Strategy

2023 marked by further focus on growth and optimization in Retail/Wholesale and

increasing subsidiaries’ value contribution in line with the Group Strategy

Retail 2023 Highlights Financing Market Share, % Mortgage Lending, SARbn Net Income1, SARbn
• NSCI and fee income growth, efficient
+89bps +13% +14%
risk and cost management
• Strong performance of residential 28% 29% 142 161 8 9
finance, a key strategic area aligned
with the Vision 2030 ambition.
• Optimized performance at the branches. 4Q 22 3Q 23 4Q 22 4Q 23 FY 22 FY 23

Wholesale 2023 Highlights Financing Market Share, % Financing, SARbn Net Income1, SARbn
• Active support to a range of Vision
-15bps +13% +5%
2030 initiatives (giga projects and
major infrastructure projects financing). 20% 20% 233 263 11 12
• Global Transaction Banking growth.
• Robust performance of MSME franchise.
4Q 22 3Q 23 4Q 22 4Q 23 FY 22 FY 23

Subsidiaries 2023 Highlights Operating Income2, SARmn Net Income12, SARmn

• Asset / Wealth Management:
• Enhanced value proposition and
+10% -6% launched 15 new products
positioning.
• Securities: Launched SNBC App
• Higher efficiency and productivity of 4,445 4,908 2,251 2,113
• Investment Banking: c.50%
assets and people.
domestic ECM and c.65% domestic
• Profitability impacted by inflation in
DCM market shares in 2023
Turkey FY 22 FY 23 FY 22 FY 23

SNB | 4Q 2023 | Investor Presentation 1 Net income before Zakat & income tax | 2 Includes Capital Markets and International segments combined 13
2023 Digital Convergence

Fostering digital leadership through customer adoption, growing digital sales and scaling
up innovation

Digitize the Bank Retail Digital Banking Digital Penetration, % Clients Digital Account Opening, % accounts Digital Sales, % Units

 Fortify digital leadership +5ppts -11ppts +10ppts

 Deploy leading digital
80% 83% 85% 93% 92% 82% 63% 63% 73%
proposition
 Deliver distinctive customer
journeys
FY 21 FY 22 FY 23 FY 21 FY 22 FY 23 FY 21 FY 22 FY 23

Digital Penetration Corporate Digital banking Digital Penetration, % Clients Digital Account Opening, % accounts PoS Transaction Value, Billion

 Solidify corporate +1%

+3ppts -2ppts
relationships
 Facilitate digital platforms 74% 77% 72% 70% 129.8 131.6
with leading functionalities
and trade capabilities
 Accelerate digital sales FY 22 FY 23 FY 22 FY 23 FY 22 FY 23

Digital Innovation Digital Ventures

 A lifestyle digital banking
 Comprehensive digital product suite tailored to Commercial
proposition enabling a financial Pilot launch
niche segments for daily banking and beyond launch1
ecosystem for FinTech partnerships
towards strengthening SNB’s  Incubate innovative product concepts and
presence in the Kingdom’s Fintech solutions for SNB Group Commenced 2024
space

SNB | 4Q 2023 | Investor Presentation 1 Subject to obtaining required regulatory approvals 14

2023 Merger Update

Synergy realization has exceeded the upgraded target and SNB continues to make
progress on delivering merger benefits
Unlocking merger benefits… with realized cost synergies already touching revised target of SAR 1.4Bn

1,545 Realized1
2nd Revised Target
Cost Synergies 110%
1,545
1,400
1,164 Realized of revised targeted
1,200 1st Revised Target
SAR Bn
cost synergies
realized
800 Original Target
of total revised targeted cost synergies 520

SAR Bn 1,400 Sources of

Cost Synergies
Operational efficiencies
Optimization of technology stack
Natural FTE attrition
2020 2021 2022 2023

Integration costs on track… as 94% of revised targeted cash spend of SAR 940Mn already committed

-15% Integration Capex: IT stack optimization spend,

884
data migration & rebranding
Cost
1,100 Opex: Advisory, marketing &
SAR Mn is committed 940 Categories
900 884 relocation

of total revised targeted integration costs

SAR Mn 940 -18% +4% -6%

Integration
63%
Original 1st Revised 2nd Revised Committed @ 4Q 2023 Cost
Composition of the total integration cost
is CAPEX

SNB | 4Q 2023 | Investor Presentation 1 on a rolling 12-month basis 15

2024 Strategy

Our 2024 strategic priorities are focused on sustainable value creation

Strategic priorities
Value Capture Operational Digital Employer of
Leadership Excellence Dominance Choice

Customer Centricity

Strategic focus areas Value growth in Wholesale Cost efficiencies Build best-in-class app Employee engagement

Retail market share Increased automation & Predictive analytics SNB Academy
digitization
CASA market share Digital penetration & adoption Training & development

ESG Focus

SNB | 4Q 2023 | Investor Presentation 16

Financial Results Highlights
4Q 2023

SNB | 4Q 2023 | Investor Presentation

2023 Review

2023 was a record year

From successful execution, hitting new milestones While meeting or exceeding financial guidance

Metric FY 2023 Actual FY 2023 Guidance Status

NOR 35bn Net Income 20bn Total Assets 1tr+
Financing Growth +10% Low double-digit

To delivering on strategic priorities

NSCI Margin 3.06% 3.0% to 3.2%
Growing market
share1 Retail lending, %
+90bps

CASA, % Cost to Income Ratio2 27.6% Below 28.5%

+150bps

Optimization Domestic CIR2 25.6% (-50bps)

Cost of Risk 0.16% 0.1% to 0.3%
Cost synergies SAR 1.55bn (110% of target)

Integration costs SAR 0.9bn (94% of target)

Tier 1 CAR 19.4% 18% to 19%

Digital User Penetration
Digital leadership (Wholesale / Retail ) 77% / 85%

App Ratings (Apple / Google) 4.7 / 4.8

ROTE 16.8% 16.5% to 17.5%
Digital Ventures Pilot launch

1 Market share growth from 4Q 2022 to 3Q 2023 | 2 CIR excluding amortization of intangibles
SNB | 4Q 2023 | Investor Presentation 18
4Q 2023 Performance Highlights

Robust net income from increased solid financing growth and healthy credit quality

Solid financing growth from Wholesale financing and Retail financing, including Mortgage financing

SAR Bn
601.5 SAR Bn
262.6 SAR Bn
320.6 SAR Bn
161.3
+10% YoY +13% YoY +9% YoY +13% YoY

Robust CASA growth and improving CASA ratio with ample SAMA LDR headroom and strong liquidity.

278%

448.1 75.9% 83.9%

LCR 258%
SAR Bn

NSFR 116% 110%

+5% YoY +60bps YoY +132bps YoY
4Q 22 4Q 23

Despite moderating NSCI margin healthy credit & top-quartile efficiency leading to robust net income3 growth and superior returns.

3.06% 20,010
CIR1 27.6% ROTA 2.09%
27.1% 2.11%
SAR Mn

0.33%
COR2 0.16% ROTE 16.6% 16.8%
-9bps YoY +8% YoY
FY 22 FY 23 FY 22 FY 23

SNB | 4Q 2023 | Investor Presentation 1 CIR excluding amortization of intangibles | 2 CoR including POCI | 3 Net Income Attributable to Equity Holders 19
Balance Sheet Summary

Balance sheet expansion of 10% mainly from financing, cash & interbank and
investments, funded by interbank and deposits

Total Assets (SARbn) Total Assets Movement YoY (SARbn)

1,027.1 1,037.1
945.5 +10%
86 84
84
57.0 0.9 1,037.1
22.9 11.4
596 602 945.5
545 (0.5)

258 267 269

58 79 82 +44% +5% +11% +1%

4Q 22 3Q 23 4Q 23 4Q 22 Cash & Investments Financing Other assets Int'l 4Q 23

interbank
Cash & interbank Investments Financing Other
Domestic: +10% Int’l -2%

Total Liabilities (SARbn) Total Liabilities Movement YoY (SARbn)

858.2 860.5
778.7 +10%
51 45
46 14 14
13 21.4 1.0 860.5
61.6

625 590 778.7 (1.5) (0.9)

568

151 169 212

+41% +4% +8% -3%

4Q 22 3Q 23 4Q 23 4Q 22 Interbank Deposits Debt Other Int'l 4Q 23

securities liabilities
Interbank Deposits Debt securities Other
Domestic: +11% Int’l -3%

SNB | 4Q 2023 | Investor Presentation 20

Income Statement Summary

Net income rose 8% YoY from higher operating income and lower risk cost

Net Income Attributed To Equity Holders Movement YoY (SARmn) Net Income (SARmn)
5,010 4,963
+8% 4,765

763
863
20,010
4,777 5,085 5,000
(118)
722 (204) -1%
(597) QoQ
18,581
(12) (76) (37)

Operating income: 4Q 22 3Q 23 4Q 23
SAR +1,585mn (+5%)
Group, excl. Int'l Int'l

Returns YTD (%) 2023 Guidance

ROTE: 16.5% to 17.5%

17.4% 17.3% 17.5%

16.6% 16.8%

2.18% 2.16% 2.12%

2.09% 2.11%

+3% +13% +7% -45% +36% +6%

1 2 3
FY 22 NSCI Fee & other Operating Risk cost Hyperinflation Other FY 23 FY 22 1Q 23 1H 23 9M 23 FY 23
income expenses adjustment ROTE ROTA

1 NSCI includes FV unwind of SAR 462mn (FY 22: SAR 969mn) | 2 Operating expenses exclude amortization of intangibles of SAR 820mn
SNB | 4Q 2023 | Investor Presentation (FY 22: SAR 845mn) | 3 Other includes amortization of intangibles, other non-operating expenses (excl. hyperinflationary adjustment), 21
zakat, and non-controlling interest
Segmental Highlights

Solid net income contributions from Retail and Wholesale

Total Assets Movement YoY (SARbn) Total Liabilities Movement YoY (SARbn) Total Assets Composition (%)

+10% +10%
Capital Markets
63 2 1,037 67 860 1.5%
27 16 Wholesale
945 (1) 779 (0) (1) 56.3% Int'l
3.0%

Retail
39.2%
+7% +12% +14% -2% +5% +17% -4% -3%

4Q 22 Retail Whole- Capital Int'l 4Q 23 4Q 22 Retail Whole- Capital Int'l 4Q 23

sale Markets sale Markets

Total Operating Income Movement YoY Net Income Before Zakat & Tax Total Operating Income Composition (%)
(SARmn) Movement YoY (SARmn)
+5% +7% Capital Markets
5.2%
1,263 537 34,589 538 22,773
1,096
33,005
21,277 Wholesale Int'l
(141) (74) (128) (10) 39.9% 9.0%

Retail
+9% -1% -4% +21% +14% +5% -10% -1% 45.9%
FY 22 Retail Whole- Capital Int'l FY 23 FY 22 Retail Whole- Capital Int'l FY 23
sale Markets sale Markets

SNB | 4Q 2023 | Investor Presentation 22

Outlook & Guidance

Execution focused strategy and positive economic outlook supportive of solid growth and
superior returns for 2024

Macro-Economic Outlook1 FY 2023 Actual FY 2024 Forecast2 SNB Financial Guidance FY 2023 Actual FY 2024 Guidance

SAR 602bn
Real GDP Growth +0.03% +4.4% Financing Growth High single-digit
+10%
o/w non-oil GDP +5.9%

NSCI Margin 3.06% 3.0% to 3.2%

Fiscal Balance -2.0% -1.9%

Cost to Income Ratio3 27.6% Below 27%

US FFR 5.25 to 5.5% 4.5 to 4.75%

Cost of Risk 0.16% 0.3% to 0.5%

Inflation 2.3% 2.2%

Tier 1 CAR 19.4% 18% to 19%

Avg Brent Oil Price USD 84 / bbl USD 82 / bbl ROTE 16.8% 16% to 17%

1 Macro-economic Indicator Sources: SNB Economics, KSA MoF. US Federal Reserve, Gastat, Eikon | 2 Macro-economic
SNB | 4Q 2023 | Investor Presentation forecasts indicate 2024 average, except US FFR, which is a year-end estimate | 3 CIR excluding amortization of intangibles
23
Financial Results Details
4Q 2023

SNB | 4Q 2023 | Investor Presentation

Balance Sheet Summary

Balance sheet expansion of 10% mainly from financing, cash & interbank and
investments, funded by interbank and deposits

Total Assets (SARbn)

SAR (mn) 4Q 2023 3Q 2023 Δ 4Q 2022 Δ
996.2 1,027.1 1,037.1
945.5 976.1
Cash & interbank 82,062 78,792 +4% 58,108 +41% 84
87 86
84 83
Investments 269,129 266,772 +1% 258,292 +4%
Financing 601,527 595,721 +1% 545,311 +10% 545 566 578 596 602

Other assets 84,362 85,847 -2% 83,786 +1%

Total assets 1,037,081 1,027,133 +1% 945,496 +10% 264 265 267 269
258
Interbank 211,666 169,114 +25% 150,995 +40% QoQ 58 +3% 63 +2% 67 +3% 79 +1% 82

Deposits 590,051 624,769 -6% 568,283 +4% 4Q 22 1Q 23 2Q 23 3Q 23 4Q 23

Debt securities 13,889 13,666 +2% 12,987 +7% Cash & interbank Investments Financing Other

Other liabilities 44,847 50,614 -11% 46,453 -3%

Total Liabilities (SARbn)
Total liabilities 860,452 858,162 +0% 778,719 +10%
825.3 858.2 860.5
Share capital 60,000 60,000 +0% 44,780 +34% 778.7 805.0 45
47 51
46 46 14 14
Retained earnings 9,157 9,573 -4% 19,279 -53% 14 14
13

Others 91,560 83,560 +10% 86,427 +6%

625 590
568 611 602
Equity attributable to shareholders 160,717 153,133 +5% 150,486 +7%
Tier 1 sukuk 15,188 15,188 +0% 15,488 -2%
163 169 212
NCI 724 650 +11% 804 -10% QoQ
151
+3% 135 +3% +4% +0%

Total equity 176,629 168,971 +5% 166,778 +6% 4Q 22 1Q 23 2Q 23 3Q 23 4Q 23

Total liabilities & equity 1,037,081 1,027,133 +1% 945,496 +10% Interbank Deposits Debt securities Other

SNB | 4Q 2023 | Investor Presentation 25

Financing & Advances

Solid, broad-based financing expansion

Financing & Advances, Net (SARbn) Financing & Advances, Net Movement YoY (SARbn) 2023 Guidance
Low double-digit

577.8 595.7 601.5

545.3 566.3 2 2 +10%
2 2
2 16 16 16
19
17
22.6 7.3 601.5
262 263
233 243 252
18.8 8.3
545.3 (0.1) (0.8)

Retail: SAR Wholesale: SAR

293 303 308 316 321
+27.2bn (+9%) +29.9bn (+13%)

QoQ +4% +2% +3% +1% +13% +6% +11% +36% -3%

4Q 22 1Q 23 2Q 23 3Q 23 4Q 23 4Q 22 Mortgages Others Corporate FI Other Int'l 4Q 23

Retail Wholesale Int'l Other
Domestic: +11% Int’l -5%

Mortgages (SARbn) Financing & Advances, Net Composition Financing & Advances, Net by Sector (%)
(%)
Manufacturing Utilities & health
+13% Corporate 7.8% 6.7%
39.0% Banking &
151.7 156.3 161.3
142.4 148.1 financials
Other Commerce
0.4% 11.1% 4.8%
Transport &
Retail Int'l comms
53.3% 2.7% 3.8%
Consumer
Building &
FI 53.3%
QoQ +4% +2% +3% +3% construction
4.6% 2.5%
4Q 22 1Q 23 2Q 23 3Q 23 4Q 23 Other
10.0%

SNB | 4Q 2023 | Investor Presentation 26

Investments

Investments up 4% primarily in other fixed income

Investments, Net (SARbn) Investments, Net Movement YoY (SARbn)

258.3 263.6 264.8 266.8 269.1

+4%
23 24 24 25
26
57 52 45 44 9.6 269.1
58
258.3 2.0
(0.3) (0.5)

183 189 198 200

175

QoQ +2% +0% +1% +1% +1% +13% -1%

4Q 22 1Q 23 2Q 23 3Q 23 4Q 23 4Q 22 SGDS1 Other fixed Funds & equity Int'l 4Q 23

income
Fixed rate securities Floating rate securities Funds & equity
Domestic: +5% Int’l -7%

Investments, Net by Geography (%) Investments, Net by Grade (%)

Non-investment grade
USA Europe Funds & equity
5.4%
14.5% 3.7% 9.4%
Turkey Other investment grade
GCC & Middle East 28.1%
5.5% 2.4%
Other
Saudi Arabia 8.6% SGDS1
65.3% 57.1%

1 Saudi Government Debt Securities including SAMA bills (investment grade)

SNB | 4Q 2023 | Investor Presentation 27
Deposits

CASA growth of 5%, with CASA ratio improving QoQ on lower domestic time deposits in
4Q 2023

Customers' Deposits (SARbn) Customers' Deposits Movement YoY (SARbn)

610.8 602.2 624.8 +4%

568.3 590.1
21 21 23
24 22
120 134 146 120
21.6 2.0 590.1
117 568.3
(0.1) (1.6)

428 470 447 456 448

QoQ +7% -1% +4% -6% +5% -0% -17% +13%

4Q 22 1Q 23 2Q 23 3Q 23 4Q 23 4Q 22 CASA Time & other CASA Time & other 4Q 23

CASA Time Other
Domestic: +4% Int’l +1%

CASA Ratio (%) Customers' Deposits by Type (%) Customers' Deposits by Geography (%)

Time
Other
20.3%
77.0% 3.7%
74.3% 72.9%
75.3% 75.9% Int'l Domestic
4.3% 95.7%

CASA
75.9%

4Q 22 1Q 23 2Q 23 3Q 23 4Q 23

SNB | 4Q 2023 | Investor Presentation 28

Income Statement Highlights

Net income rose 8% YoY from higher operating income and lower risk cost

SAR (mn) FY 2023 FY 2022 Δ 4Q 2023 4Q 2022 Δ Net Income (SARmn)

NSCI1 27,009 26,287 +3% 6,887 6,777 +2% +4%

Fee & other income 7,580 6,717 +13% 1,738 1,342 +30%
4,765 5,022 5,016 5,010 4,963
Total operating income 34,589 33,005 +5% 8,625 8,119 +6% 202 260
Operating expenses2 (9,537) (8,940) +7% (2,340) (2,159) +8%
Impairments (923) (1,685) -45% (431) (166) +159% 4,777 4,820 4,756 5,085 5,000

Income from operations 24,130 22,379 +8% 5,853 5,794 +1%

QoQ +5% -0% -0% -1%
Hyperinflation adjustment (441) (323) +36% (102) (102) +0% (12) (76) (37)

Other income (expenses)3 (916) (779) +18% (241) (287) -16% 4Q 22 1Q 23 2Q 23 3Q 23 4Q 23

Net income before zakat & Group, excl. Int'l Int'l

22,773 21,277 +7% 5,510 5,405 +2%
tax

Zakat & tax (2,664) (2,548) +5% (576) (614) -6% Returns YTD (%) 2023 Guidance
ROTE: 16.5% to 17.5%
Net income after zakat & tax 20,109 18,729 +7% 4,935 4,791 +3% 17.4% 17.3% 17.5%
NCI (99) (148) -33% 29 (26) -212%
Net income 20,010 18,581 +8% 4,963 4,765 +4% 16.8%
16.6%

EPS 3.23 3.03 +7% 0.81 0.78 +4% 2.18% 2.16% 2.12%
ROTE 1.70 1.70 +0% 0.85 0.60 +42% 2.09% 2.11%
NSCI Margin 16.8% 16.6% +0.2ppt 16.5% 17.0% -0.6ppt
FY 22 1Q 23 1H 23 9M 23 FY 23

Cost to income ratio 3.06% 3.15% -9bps 3.00% 3.16% -16bps FY 22 1Q 23 1H 23 9M 23 FY 23

Cost of risk 27.6% 27.1% +48bps 27.1% 26.6% +55bps ROTE ROTA

1 NSCIincludes FV unwind of SAR 462mn (FY 22: SAR 969mn) | 2 Operating expenses excludes amortization of intangibles
SNB | 4Q 2023 | Investor Presentation of SAR 820mn (FY 22: SAR 845mn) | 3 Other income (expenses) includes other non-operating expenses (excl. 29
hyperinflationary adjustment) and amortization of intangibles
NSCI & Margin

NSCI growth of 3% from earning assets expansion partly offset by margin moderation
from shift in funding mix

Net Special Commission Income Movement YoY (SARbn) Net Special Commission Income
Composition (%)
+3%
Capital Markets
+5% Wholesale 1.3%
35.0%
26.3 25.3 3.3 8.5 3.0 26.5 0.5 27.0
Int'l
1.9 Int’l 1.5 Int’l 5.9%
(1.0) (13.3) (0.4)

+25% +92% +44% +223% Retail

57.7%
FY 22 FV unwind Adjusted Retail Wholesale Inv. & CoF Int'l Adjusted FV unwind FY 23
NSCI financing financing placements NSCI
Domestic: +7% Int’l: -22%

Special Commission Income (SARmn) Special Commission Expense (SARmn) NSCI (SARmn)

+33% +95% +2%

13,137 13,673 6,317 6,786 6,777 6,778 6,524 6,820 6,887

11,117 11,930
10,252 5,406
4,339
3,475

QoQ +8% +7% +10% +4% QoQ +25% +25% +17% +7% QoQ +0% -4% +5% +1%

4Q 22 1Q 23 2Q 23 3Q 23 4Q 23 4Q 22 1Q 23 2Q 23 3Q 23 4Q 23 4Q 22 1Q 23 2Q 23 3Q 23 4Q 23

SNB | 4Q 2023 | Investor Presentation 30

NSCI & Margin

NSCI margin declined by 9bps driven mainly by -7bps impact from International, while
the overall domestic NIM declined by -2bps YoY

1 1
Net Special Commission Margin Movement YoY (%) 2023 Guidance NSCI Margin YTD (%)
3.0%-3.2%

-9bps 3.24%

0.90% 0.28%
3.15% 3.11%
0.26% 3.17% 3.07%
3.15% 3.06% 3.06%

-1.47% 3.02% 3.07%

-0.07%
3.01% 2.99%

FY 22 Retail financing Wholesale Investments & CoF Int'l FY 23 FY 22 1Q 23 1H 23 9M 23 FY 23

financing placements
Group Group, excl Int'l
Domestic: -2bps Int’l: -7bp

Average Earning Assets (SARbn) Average Bearing Liabilities (SARbn) Commission Yield & Funding Cost YTD (%)

+8% +8% 5.67%

5.35% 5.44% 5.93%
868.9 722.1 777.3 5.69%
804.7 5.58%
29 20
20 4.16% 4.94%
30 27 4.16%
278 29 175
265 137 2.80%
3.13% 2.38% 2.61%
2.95%
230 253
418 425

280 308
118 131 1.13%

FY 22 FY 23 FY 22 FY 23 FY 22 1Q 23 1H 23 9M 23 FY 23
Retail financing Corporate financing Time deposits Demand deposits Wholesale funding
Commission yield CoF 3M SAIBOR2
Investments & Placements Int'l Int'l funding Other

1 NSCI margin calculation excludes FV unwind | 2 12-month rolling average of 3M-SAIBOR

SNB | 4Q 2023 | Investor Presentation 31
Fee & Other Income

Fee and other income increased 13% YoY from higher international income, partially
offset by lower fees from banking services generated domestically

Fee & Other Income (SARmn) Fee & Other Income Movement YoY (SARmn)

1,953 1,973 1,917 +13%

1,738
1,342 760 680 747 938 7,580
6,717 480
343 823 18
493 526 509
348
418
(313) (259)
981 1,037 1,078 1,017 794
QoQ +46% +1% -3% -9%

(331) (336) (312) (355) (297) -9% +1% +20% +24%

4Q 22 1Q 23 2Q 23 3Q 23 4Q 23 FY 22 Banking FX Inv.-related Other Int'l FY 23

services
Banking services FX Inv.-related Other1 Int’l:
Domestic: -1% +161%

Fee Income From Banking Services, Net Composition (%) Fee Income From Banking Services, Net Movement YoY (SARmn)

+5%

Int'l 3,736 503 3,925

Capital Markets 17.8%
33.4%
(43) (143) (100) (4) (23)
Retail
22.1%

Wholesale -8% -15% -15% -1% -3%

26.7%
FY 22 Brokerage Inv. Mgt. Financing & Trade Other Int'l FY 23
credit cards finance
Int’l:
Domestic: -9% +254%

1 Other is “Other operating income (expense), net” as per the Financial Statements
SNB | 4Q 2023 | Investor Presentation 32
Operating Expenses

Operating expenses up 7% YoY from increased International costs impacted by

hyperinflation while domestic costs rose 1%

1 1
Operating Expenses (SARmn) Operating Expenses Movement YoY (SARmn)

2,557
2,404 2,340 +7%
2,159 2,236

778
815
681
491 9,537
593
686 97 84
367 8,940
346 335 411
386 133 134 147
135
126 (1) (75)
1,164 1,157 1,228 1,113
959
QoQ +4% +8% +6% -8% +3% -0% -6% +3%

4Q 22 1Q 23 2Q 23 3Q 23 4Q 23 FY 22 Employee- Premises Depreciation G&A Int'l FY 23

related
Employee-related Premises Depreciation G&A Int’l:
Domestic: +1% +50%
1
Cost to Income Ratio YTD (%) 2023 Guidance Cost to Income Ratio Movement YoY (%) 1
Below 28.5%

+48bps
27.7%
26.9% 27.1% 1.0% 27.6%
27.6% 0.3%
27.1% 25.6%
-0.8%
26.2%
25.6%
25.8% 26.2%

24.3%

FY 22 1Q 23 1H 23 9M 23 FY 23 FY 22 Domestic NOR Domestic OPEX Int'l FY 23

Cost to Income Ratio Group, excl. Int'l Int’l:
Domestic: -52bps +101bps

1 Operating expenses and cost to income ratio exclude amortization of intangibles of SAR 820mn (FY 22: SAR 845mn)
SNB | 4Q 2023 | Investor Presentation 33
Financing Credit Impairments & Cost of Risk

17bps reduction in COR from Wholesale recoveries

1
Impairment Charge For Financing & Advances Movement YoY Cost of Risk YTD (%) 2023 Guidance
0.1% to 0.3%
(SARmn)
-48% 0.35%
0.33%
1,746 182
0.27% 0.29% 0.20%
908

0.12% 0.16%
(935) (85)
0.12%
0.13%
+29% -120% 0.07%
FY 22 Retail Wholesale Int'l FY 23 FY 22 1Q 23 1H 23 9M 23 FY 23
Group Group, excl. Int'l
Domestic: -53% Int’l: -25%

Impairment Charge for Financing & Advances Composition (%) Cost of Risk Movement YoY (%)1

-17bps
Wholesale Int'l
-16.8% 27.6% 0.33% 0.02%
0.16%

-0.17% -0.02%

Retail
89.3% FY 22 Retail Wholesale Int'l FY 23

Domestic: -15bps Int’l: -2bps

1 COR including POCI

SNB | 4Q 2023 | Investor Presentation 34
Credit Quality

Improving NPL ratio YoY from write-offs in Wholesale

Credit Impaired Financing Movement YoY (SARbn) NPL Ratio (%)

-18%
1.62%
3.2 10.5
9.0 0.3 1.59%
7.4
1.36% 1.34% 1.37%

(1.9) (0.1)
1.33% 1.21% 1
1.30% 1.30%
+25% -27% 1.17%

NPLs Retail Wholesale Int'l NPLs POCI balance Impaired

4Q 22 4Q 23 financing 4Q 22 1Q 23 2Q 23 3Q 23 4Q 23
Domestic: -18% Int’l: -12% 4Q 23
Group Group, excl. Int'l

NPL Composition (%) NPL Composition by Sector (%)

Int'l Building & construction Other

5.7% 9.6% 5.2%
Retail
23.3% Consumer
Commerce
23.3%
35.8%
Wholesale
71.0%
Manufacturing
26.1%

1 Group including POCI : 1.72%

SNB | 4Q 2023 | Investor Presentation 35
Credit Quality

NPL coverage remained healthy

ECL Allowance by Stage (SARbn) Total Financing & Advances, Gross by Stage (SARbn)

11.4 10.8 11.4 +10%

10.6 10.3
573.9 585.8 603.9 608.6
553.8 8 8
6 6 9 8 8
6 6 5 25 25 28
25 25

3 519 541 553 571 573

3 3 3 3

QoQ 2 -7% 2 +2% 2 +5% 2 -10% 2 QoQ +4% +2% +3% +1%

4Q 22 1Q 23 2Q 23 3Q 23 4Q 23 4Q 22 1Q 23 2Q 23 3Q 23 4Q 23

Stage 1 Stage 2 Stage 3 Stage 1 Stage 2 Stage 3

ECL Allowance Movement YTD (SARbn) Coverage by Stage (%)

73.3% 78.0%
-10% 72.3%
69.3% 67.9%
11.4 0.1
10.3
(0.1)
(1.2)
12.8% 11.7% 12.3%
13.0% 11.3%
0.35% 0.34%
+5% -2% -18% 0.33% 0.36% 0.35%
4Q 22 Stage 1 Stage 2 Stage 3 4Q 23 4Q 22 1Q 23 2Q 23 3Q 23 4Q 23
Stage 1 Stage 2 Stage 3

SNB | 4Q 2023 | Investor Presentation 36

Capitalization

Capitalization remains healthy

Total capital (SARbn) Total Eligible Capital Movement YoY (SARbn)

136.2 135.4 141.7

132.6 133.9 +7%
5 5
5 5 5 14
15 16 14 14
20.0
132.6 141.7

(7.8) (1.2) (1.1) (0.7)

112 115 116 114 122

QoQ +3% -1% -1% +6%

4Q 22 1Q 23 2Q 23 3Q 23 4Q 23 4Q 22 Net income Dividend Foreign ccy Additional tier Other 4Q 23

payout reserve 1 capital
CET1 Additional tier 1 capital T2

Risk weighted assets (SARbn) Capitalization Ratios (%) 2023 Guidance

T1 CAR: 18–19%

+1% 19.8%
19.3% 19.1% 20.1%
696.1 705.9 684.3 699.6 703.9 19.4%
15 31 32 20 19.0%
28
61 37 37 37 37 18.3% 19.1%
18.6% 18.4% 17.3%
620 638 619 630 646 17.0%
16.1%
16.2% 16.4%
QoQ +1% -3% +2% +1%

4Q 22 1Q 23 2Q 23 3Q 23 4Q 23 4Q 22 1Q 23 2Q 23 3Q 23 4Q 23
Credit risk Operational risk Market risk CAR CET1 ratio Tier 1 ratio

SNB | 4Q 2023 | Investor Presentation 37

Liquidity

Liquidity is strong and stable

Stable Funding (SARbn/%) SAMA Loan-to-Deposit Ratio (%)

115.4% 113.4% 112.7%

1,200

115.6%
120.0%

110.1%
1,000

90.0%
654.6 651.3 662.3 654.4
100.0%

800

634.2
80.0%

82.6% 83.9%
600

81.2%
60.0%

400

40.0%
79.1% 78.2%
200

20.0%

QoQ +3% -1% +2% -1%

0 0.0%

4Q 22 1Q 23 2Q 23 3Q 23 4Q 23 4Q 22 1Q 23 2Q 23 3Q 23 4Q 23
Available stable funding NSFR SAMA LDR Regulatory ceiling

Liquidity Coverage (SARbn/%) Leverage (SARbn/%)

290.4% 281.5% 12.4%
400

271.8% 1,800

12.4% 11.9%
14.0%

277.6% 12.9%
300.0%

350

258.1%
250.0%
1,600

12.4% 12.0%

1,053.9 1,055.9 1,081.1 1,102.1

1,400

985.3
300

200.0% 10.0%

1,200

179.9 172.6 173.9 172.9 173.0

250

150.0%

8.0%
1,000

200

100.0%

800
6.0%

150

50.0%

600

4.0%

100
0.0%
400

2.0%

50

QoQ -4% +1% -1% +0% QoQ +7% +0% +2% +2%
-50.0%
200

0 -100.0% 0 0.0%

4Q 22 1Q 23 2Q 23 3Q 23 4Q 23 4Q 22 1Q 23 2Q 23 3Q 23 4Q 23
HQLA LCR Leverage ratio exposure Basel III leverage ratio

SNB | 4Q 2023 | Investor Presentation 38

Segmental Review
4Q 2023

SNB | 4Q 2023 | Investor Presentation

Domestic (Group, Excl. Int’l)

Robust 8% net income growth YoY on NSCI growth, healthy credit risk and positive “jaws”

SAR (mn) 4Q 2023 3Q 2023 Δ 4Q 2023 4Q 2022 Δ Net Income Movement YoY (SARmn)

Total assets 1,005,535 995,462 +1% 1,005,535 913,441 +10% +8%

Financing and advances, net 585,566 579,785 +1% 585,566 528,571 +11%
1,123 679 19,662
Total liabilities 832,712 830,556 +0% 832,712 750,090 +11% 18,174
Customers' deposits 564,650 599,381 -6% 564,650 543,208 +4%
(75) (106) (118) (15)
NPL ratio 1.17% 1.33% -16bps 1.17% 1.59% -41bps
Operating
NPL coverage ratio 140.7% 138.5% +2.2ppt 140.7% 124.8% +15.9ppt income: +3%

+5% -1% +1% -50% +36% +1%

FY 2023 FY 2022 Δ 4Q 2023 4Q 2022 Δ
FY 22 NSCI 1 Fee & Expenses2 Impair- Hyper- Other4 FY 23
Net special commission income1 25,419 24,297 +5% 6,493 6,308 +3% other ments inflation
Fee & other income 6,058 6,133 -1% 1,591 1,239 +28% income adj.
Total operating income 31,477 30,429 +3% 8,084 7,547 +7%
Operating expenses 2
(8,074) (7,968) +1% (1,949) (1,881) +4% Financing & Advances Customers' Deposits
(SARbn) (SARbn)
Impairments (671) (1,350) -50% (400) (122) +227%
+11% +4%
Hyperinflation adjustment (441) (323) +36% (102) (102) +0%
Other income (expenses) 3
(463) (466) -1% (98) (121) -19% 579.8 585.6 599.4 564.7
528.6 543.2
Net income before zakat & tax 21,828 20,322 +7% 5,535 5,321 +4%
Zakat & income tax 2,167 2,149 +1% 535 543 -2%
NCI 0 1 -100% 0 0 -100%
+1% -6%
Net income 19,662 18,174 +8% 5,000 4,777 +5% QoQ QoQ

NSCI margin 25,419 24,297 +5% 2.92% 3.04% -12bps

Cost to income ratio 6,058 6,133 -1% 24.1% 24.9% -82bps 4Q 22 3Q 23 4Q 23 4Q 22 3Q 23 4Q 23
Cost of risk 31,477 30,429 +3% 0.25% 0.11% +14bps

1 NSCIincludes FV unwind of SAR 462mn (FY 22: SAR 969mn) | 2 Operating expenses exclude amortization of intangibles of SAR 820mn
SNB | 4Q 2023 | Investor Presentation (FY 22: SAR 845mn) | 3 Other income (expenses) includes other non-operating expenses (excl. hyperinflationary adjustment) and 40
amortization of intangibles | 4 Other includes other income (expenses), zakat, and non-controlling interest
Retail

Robust 14% net income growth YoY on NSCI growth and positive “jaws”

Net Income Before Zakat & Tax Movement YoY (SARmn)

SAR (mn) 4Q 2023 3Q 2023 Δ 4Q 2023 4Q 2022 Δ

Total assets 406,082 400,982 +1% 406,082 378,838 +7% +14%

Financing and advances, net 320,581 315,573 +2% 320,581 293,430 +9% 1,799 56 8,689
7,592
Total liabilities 358,220 361,828 -1% 358,220 342,040 +5%
(537) (182) (41)
Customers' deposits 347,347 349,179 -1% 347,347 330,224 +5% Operating
income: +9%

+13% -66% -1% +29% -214%

FY 2023 FY 2022 Δ 4Q 2023 4Q 2022 Δ
FY 22 NSCI Fee & other Expenses Impairments Other income FY 23
Net special commission income 15,596 13,796 +13% 3,855 3,566 +8% income (expenses)

Fee & other income 279 816 -66% (17) 90 -118%

Financing & Advances Customers' Deposits
Total operating income 15,875 14,612 +9% 3,839 3,655 +5% (SARbn) (SARbn)
Operating expenses (6,353) (6,410) -1% (1,479) (1,520) -3% +9% +5%

Impairments (811) (629) +29% (316) (252) +25% 315.6 320.6 330.2 349.2 347.3
293.4
Other income (expenses) (22) 19 -214% (2) (9) -75%

Net income before zakat & tax 8,689 7,592 +14% 2,041 1,873 +9%
+2% -1%
QoQ QoQ

Cost to income ratio 40.0% 43.9% -384bps 38.5% 41.6% -307bps

4Q 22 3Q 23 4Q 23 4Q 22 3Q 23 4Q 23
Cost of risk 0.26% 0.23% +4bps 0.39% 0.35% +4bps

SNB | 4Q 2023 | Investor Presentation 41

Wholesale

5% net profit growth YoY as fee income growth and credit recoveries were partly offset
by higher funding costs

Net Income Before Zakat & Tax Movement YoY (SARmn)

SAR (mn) 4Q 2023 3Q 2023 Δ 4Q 2023 4Q 2022 Δ

Total assets 583,693 579,657 +1% 583,693 520,759 +12% +5%

Financing and advances, net 262,604 261,946 +0% 262,604 232,691 +13% 11,433 640 870 11,971

Total liabilities 470,319 464,852 +1% 470,319 403,696 +17% (92)

(782) (99)
Customers' deposits 217,260 250,173 -13% 217,260 211,578 +3%
Operating
income: -1%

-8% +17% +5% -121% -254%

FY 2023 FY 2022 Δ 4Q 2023 4Q 2022 Δ
FY 22 NSCI Fee & other Expenses Impairments Other income FY 23
Net special commission income 9,463 10,244 -8% 2,534 2,667 -5% income (expenses)

Fee & other income 4,344 3,703 +17% 1,285 718 +79%
Financing & Advances Customers' Deposits
Total operating income 13,807 13,948 -1% 3,819 3,385 +13% (SARbn) (SARbn)
Operating expenses (1,932) (1,833) +5% (492) (423) +16% +13% +3%

Impairments 152 (718) -121% (73) 133 -155% 261.9 262.6 250.2
232.7 211.6 217.3
Other income (expenses) (55) 36 -254% 8 (8) -194%

Net income before zakat & tax 11,971 11,433 +5% 3,262 3,086 +6%
+0% -13%
QoQ QoQ

Cost to income ratio 14.0% 13.1% +85bps 12.9% 12.5% +38bps

4Q 22 3Q 23 4Q 23 4Q 22 3Q 23 4Q 23
Cost of risk -0.06% 0.33% -39bps 0.09% -0.18% +27bps

SNB | 4Q 2023 | Investor Presentation 42

Capital Markets

Net income declined 10% YoY due to lower brokerage income partly offset by higher NSCI

SAR (mn) 4Q 2023 3Q 2023 Δ 4Q 2023 4Q 2022 Δ Net Income Before Zakat & Tax Movement YoY (SARmn)

Total assets 15,760 14,824 +6% 15,760 13,844 +14% -10%

Financing and advances, net 2,261 2,166 +4% 2,261 2,350 -4% 135
1,296
1,168
Assets under management 246,192 232,229 +6% 246,192 230,444 +7%
(209) (39) (9) (7)
Total liabilities 4,173 3,860 +8% 4,173 4,354 -4%
Operating
income: -4%

+60% -13% +7% +257% +8,334%

FY 2023 FY 2022 Δ 4Q 2023 4Q 2022 Δ
FY 22 NSCI Fee & other Expenses Impairments Other income FY 23
Net special commission income 360 226 +60% 104 16 +544% income (expenses)

Fee & other income 1,435 1,644 -13% 323 490 -34%
Assets Under Management Brokerage Volume Traded
Total operating income 1,796 1,870 -4% 427 506 -16% (SARbn) (bn)
Operating expenses (609) (570) +7% (183) (143) +28% +7% -25%

Impairments (12) (3) +257% (11) (3) +316% 230.4 232.2 246.2 626.5
471.8
Other income (expenses) (7) (0) +8334% (1) 0

Net income before zakat & tax 1,168 1,296 -10% 232 361 -36%
+6%
QoQ

AUM related fee income 791 787 +1% 181 201 -10%
4Q 22 3Q 23 4Q 23 FY 22 FY 23
Brokerage related fee income 390 498 -22% 95 88 +9%

SNB | 4Q 2023 | Investor Presentation 43

International

Lower NSCI and higher operating and other expenses drive 1% decline in net income
despite strong fee & other income momentum and lower impairments

SAR (mn) 4Q 2023 3Q 2023 Δ 4Q 2023 4Q 2022 Δ Net Income Before Zakat & Tax Movement YoY (SARmn)

Total assets 31,546 31,671 -0% 31,546 32,055 -2% -1%

Financing and advances, net 15,962 15,936 +0% 15,962 16,740 -5%
938
Total liabilities 27,740 27,606 +0% 27,740 28,628 -3% 955 83 944
Customers' deposits 25,401 25,388 +0% 25,401 25,075 +1%
NPL ratio 2.54% 2.83% -29bps 2.54% 2.71% -16bps (491) (140)
(401)
NPL coverage ratio 121.9% 123.1% -1.2ppt 121.9% 166.1% -44.2ppt Operating
income: +21%
-20% +161% +50% -25% +45%
FY 2023 FY 2022 Δ 4Q 2023 4Q 2022 Δ
FY 22 NSCI Fee & other Expenses Impairments Other income FY 23
Net special commission income 1,590 1,991 -20% 394 469 -16%
income (expenses)
Fee & other income 1,523 584 +161% 147 103 +43%
Total operating income 3,112 2,575 +21% 541 572 -5%
Financing & Advances Customers' Deposits
Operating expenses (1,463) (972) +50% (392) (277) +41% (SARbn) (SARbn)
Impairments (252) (335) -25% (31) (44) -29% +1%
-5%
Other income (expenses) (453) (313) +45% (142) (166) -14%
16.7 15.9 16.0 25.1 25.4 25.4
Net income before zakat & tax 944 955 -1% (25) 85 -129%
Zakat & income tax 497 399 +25% 41 71 -42%
NCI (99) (149) -34% 29 (26) -212%
Net income 348 407 -14% (37) (12) +210% +0% +0%
QoQ QoQ
NSCI margin 5.07% 6.35% -129bps 5.60% 7.13% -154bps

+2394
Cost to income ratio 47.0% 37.8% +925bps 72.4% 48.5% bps 4Q 22 3Q 23 4Q 23 4Q 22 3Q 23 4Q 23
Cost of risk 1.47% 1.85% -38bps 0.78% 0.95% -17bps

SNB | 4Q 2023 | Investor Presentation 44

Appendix
4Q 2023

SNB | 4Q 2023 | Investor Presentation

SNB History

SNB was founded as NCB in 1953 and then formed through the merger with Samba
Financial Group in 2021

Largest Initial Public Offering (IPO)

A Beginning
In 2014, NCB went public with its benchmark SAR
In 1953, the National Commercial Bank (NCB) was 22.5bn IPO that was the largest the region had seen
formed by Royal Decree

1997 2021
1953 2014

The Largest and Fastest Merger in the Region

Continued Growth
In 2021, NCB merged with Samba Financial Group;
In 1997, NCB was converted to a joint stock company creating the Saudi National Bank, KSA’s National
banking champion and regional financial powerhouse

SNB | 4Q 2023 | Investor Presentation 46

Hyperinflation

Hyperinflationary adjustments lowered FY 2023 net income by SAR 441mn

Classification of Turkey as a hyperinflationary economy Resulting in hyperinflation adjustments impacting Group net income1

 During 2022, the Turkish economy was identified to be hyperinflationary based Hyperinflation Adjustment (SARmn)
under IAS 29.
SAR +118mn (+36%)
 This standard requires non-monetary assets & liabilities be restated to reflect the
changes in the general purchasing power of the reporting currency while keeping 441
the monetary assets at their current values.
323 339
 Restatement is carried out by applying conversion factors derived from general
price indices. The index published by the Turkish Statistical Institute is used to 222
183
arrive at these conversion factors. 100
54
0
CPI Index
1Q 22 1H 22 9M 22 FY 22 1Q 23 1H 23 9M 23 FY 23
+65% +65%

1,859
1,691 Net Income Contribution (SARmn)

1,270 1,352
1,047 1,128 31,477
978
844
687 20,102 348 20,010
(8,074) (671)
(2,630) (441)

+23% +16% +7% +8% +13% +6% +25% +10%

4Q 21 1Q 22 2Q 22 3Q 22 4Q 22 1Q 23 2Q 23 3Q 23 4Q 23 Total Operating Risk cost Others Core Hyper- Int'l FY 23

operating expenses domestic inflation Net income
income net income adjustment

1 Net income attributable to equity holders

SNB | 4Q 2023 | Investor Presentation 47
Additional Information

Write to Us Visit our website

The Saudi National Bank Tower, Unit No. 778 alahli.com
King Abdullah Financial District
3208, Al Aqeeq District, King Fahad Road Access SNB’s current and previous Investor Disclosures
Riyadh, Kingdom Of Saudi Arabia, 13519 - 6676 SNB Corporate Reports

Access SNB’s 4Q 2023 Earnings Call Replay

SNB 4Q 2023 Earnings Call Replay Link

Email Us Access SNB’s Sustainability Reports

ir@alahli.com SNB Sustainability Reports

SNB | 4Q 2023 | Investor Presentation 48

Disclaimer

The Saudi National Bank (SNB) prepared this presentation on a proprietary basis as general background information about the activities of SNB. The information contained herein is
given in summary form and for discussion purposes only. Some of the information that is relied upon by SNB is obtained from sources believed to be reliable, but SNB (nor any of its
directors, officers, employees, agents, affiliates or subsidiaries) does not guarantee the accuracy or completeness of such information, and disclaims all liability or responsibility for
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investment objectives, financial situation or needs of any particular investor. Neither shall any part of this information nor the fact of its distribution form part of or be relied on in
connection with any contract or investment decision or commitment relating thereto, nor does it constitute a recommendation regarding the subject of this presentation.
All statements included in this presentation other than statements of historical facts, including, without limitation, those regarding financial position, business strategy, plans and
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SNB is not under any obligation to update, complete, amend, revise or keep current the information contained herein, and any opinions expressed herein are subject to change
materially without notice. Accordingly, no representation or warranty, express or implied, is or will be made by SNB, their respective advisors or any such persons’ directors, officers or
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at your sole risk. Investors must rely solely on their own examinations of the Offering and relevant documentation in making a determination as to whether to invest in the
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nature of the securities and the merits or suitability of the securities or any transaction to any investor’s particular situation and objectives, including the possible risks and benefits
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SNB | 4Q 2023 | Investor Presentation 49