Slides
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Al Rajhi Bank Results Presentation 3Q 2026 Earnings Conference Call and Webcast
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3 Q 2 0 2 6 R e s u l t s P r e s e n t a t i o n 2 Disclaimer • AL RAJHI BANK HEREIN REFERRED TO AS ARB MAKES NO REPRESENTATION OR WARRANTY OF ANY KIND, EXPRESS, IMPLIED OR STATUTORY REGARD ING THIS DOCUMENT OR THE MATERIALS AND INFORMATION CONTAINED OR REFERRED TO ON EACH PAGE ASSOCIATED WITH THIS DOCUMENT. THE MATERIAL AND INFOR - MATION CO NTAINED ON THIS DOCUMENT IS PROVIDED FOR GENERAL INFORMATION ONLY AND SHOULD NOT BE USED AS A BASIS FOR MAKING BUSINESS DECISIONS. ANY ADVICE OR INFORMATION RECEIVED VIA THIS DOCUMENT SHOULD NOT BE RELIED UPON WITHOUT CONSULTING PRIMARY OR MORE ACCURATE OR MORE UP-TO-DATE SOURCES OF INFORMATION OR SPECIFIC PROFESSIONAL ADVICE. YOU ARE RECOMMENDED TO OBTAIN SUCH PROFESSIONAL ADVICE WHERE APPROPRIATE. • GEOGRAPHIC, POLITICAL, ECONOMIC, STATISTICAL, FINANCIAL AND EXCHANGE RATE DATA IS PRESENTED IN CERTAIN CASES IN APPROXIMATE OR SUMMARY OR SIMPLIFIED FORM AND MAY CHANGE OVER TIME. RELIANCE HAS BEEN PLACED BY THE EDITORS ON CERTAIN EXTERNAL STATISTICAL DATA WHICH, THOUGH BELIEVED TO BE CORRECT, MAY NOT IN FACT BE ACCURATE. ARB ACCEPTS NO LIABILITY FOR ANY LOSS OR DAMAGE ARISING DIRECTLY OR INDIRECTLY FROM ACTION TAKEN, OR NOT TAKEN, IN RELIANCE ON MATERIAL OR INFORMATION CONTAINED IN THIS DOCUMENT. IN PARTICULAR, NO WARRANTY IS GIVEN THAT ECONOMIC REPORTING INFORMATION MATERIAL OR D ATA IS ACCURATE RELIABLE OR UP TO DATE. • ARB ACCEPTS NO LIABILITY AND WILL NOT BE LIABLE FOR ANY LOSS OR DAMAGE ARISING DIRECTLY OR INDI - RECTLY (INCLUDING SPECIAL, INCIDENTAL OR CONSEQUENTIAL LOSS OR DAMAGE) FROM YOUR USE OF CONTENTS IN THE DOCUMENT, HOWSOEVER ARISING, AND INCLUDING ANY LOSS, DAMAGE OR EXPENSE ARISING FROM, BUT NOT LIMITED TO, ANY DEFECT, ERROR, IMPERFECTION, FAULT, MISTAKE OR INACCURACY WITH THIS DOCUMENT. • ALL RIGHTS ARE RESERVED TO AL RAJHI BANK. THIS PRESENTATION AND THE MATERIALS ASSOCIATED THEREWITH, INCLUDING THE DISCUSSIONS DURING THE EARNINGS CALL, HAVE BEEN PREPARED ON A PROPRIETARY BASIS. NO RECORDING, REPRODUCTION, SUMMARIZATION, DISTRIBUTION OR REPRODUCTION OF ANY PART THEREOF (WHETHER IN WHOLE OR IN PART, AND BY ANY MEANS WHATSOEVER, INCLUDING SOCIAL MEDIA OR ELECTRONIC PLATFORMS) IS PERMITTED WITHOUT THE PRIOR WRITTEN CON SENT OF AL RAJHI BANK, EXCEPT THAT RATING AGENCIES AND LICENSED RESEARCH FIRMS MAY SUMMARIES, QUOTE OR REPRODUCE LIMITED EXTRACTS FROM THE PRESENTATION AND THE EARNINGS CALL DISCUSSIONS SOLELY FOR THE PURPOSE OF PREPARING AND DISTRIBUTING THEIR RESEARCH REPORTS AND CREDIT OPINIONS TO THEIR CLIENTS, PROVIDED SUCH USE IS ACCURATE, FAIR AND NOT MISLEADING. ACCESS TO THIS PRESENTATION OR PARTICIPATION IN THE EARNINGS CALL CONSTITUTES ACCEPTANCE OF THESE TE RMS. THE BANK RESERVES ALL ITS LEGAL RIGHTS IN THE EVENT OF ANY INFRINGEMENT.
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3 Q 2 0 2 6 R e s u l t s P r e s e n t a t i o n 3Q 2026 Earnings Call 3 04 3Q 2026 Results Summary 05 Harmonize The Group – Strategy Update 06 3Q 2026 Financial Highlights 19 FY 2026 Guidance 23 ESG Highlights 25 KSA’s Macro-Economic Environment 28 IR Contact Information
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3 Q 2 0 2 6 R e s u l t s P r e s e n t a t i o n 3Q 2026 Results Summary | Results were strong in the first nine months of 2026 4 3.1% YTD Balance Sheet Growth 2.9% YTD Growth in financing portfolio 2.3% increase in liabilities LDR below regulatory cap Net Financing Total Liabilities Loan to Deposit Ratio 13.3% higher net income YoY 16.7% growth in net yield income 3.1% higher Non yield income 13.4% higher operating income Net Yield income Non Yield Income Operating Income Stable credit quality CoR is under control Healthy NPL ratio NPL coverage remained strong Cost of risk NPL NPL Coverage Key Ratios Operating efficiency remains solid Strong capital position Higher NPM Cost to income ratio Total Capital Adequacy Ratio NPM 752.8bn FY 25 774.9bn 9M 26 +2.9% 900.4bn FY 25 921.0bn 9M 26 +2.3% 21,696mn 9M 25 25,325mn 9M 26 +16.7% 6,989mn 9M 25 7,203mn 9M 26 +3.1% 28,685mn 9M 25 32,528mn 9M 26 +13.4% 0.32% FY 25 0.41% 9M 26 22.5% 9M 25 22.2% 9M 26 3.09% 9M 25 3.51% 9M 26 0.75% FY 25 0.76% 9M 26 82.8% FY 25 83.6% 9M 26 21.1% 9M 25 23.6% 9M 26 152% FY 25 152% 9M 26
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3 Q 2 0 2 6 R e s u l t s P r e s e n t a t i o n 5 “Harmonize the Group” | Highlights on our strategy performance Expand digital capabilities Group-wide Maintain leadership in customer experience Build successful careers across Al Rajhi Group Leader in Financial Conduct and Sustainability Centralization and standardization Increase automation and efficiency Increase scale and agility via Cloud Leverage customer base via cross-sell Enter new segments Develop customer focused propositions Become ‘main bank’ of large corporates Develop Investment Banking business Grow SME via tailored solutions Customer-centric digital journeys Group-wide Group-wide insights and real-time marketing % of customers with more than one product 38.0% 43.5% FY 2023 Q3 2026+5.5% Corporate Banking market share 12.3% 14.7% FY 2023 Q2 2026+2.4% % of capabilities centralized & standardized 13.5% 65.8% FY 2023 Q3 2026+52.3% Digital : Manual ratio 94:6 96:4 FY 2023 Q3 2026+2% Sales growth from target customers - indexed 100 557 FY 2023 Q3 2026+457% Revenue growth from Investment Banking - indexed 100 437 FY 2023 Q3 2026+337% % of processes automated 25% 68% FY 2023 Q3 2026+43% # of Group and open banking APIs 119 449 FY 2023 Q3 2026+227% # of Customers 15.8M 22.2M FY 2023 Q3 2026+41% SME portfolio growth SAR 30B SAR 70B FY 2023 Q3 2026+133.3% % of applications that are Cloud ready 29% 100% FY 2023 Q3 2026+71% Revenue increase from data driven marketing - indexed 100 760 FY 2023 Q3 2026+660% Business to Consumer Business to Business Support Businesses Digital & Data Net-Promoter-Score (NPS) 72% 78% FY 2023 Q3 2026+6% Training Days Total - indexed 100 461 FY 2023 Q3 2026+361% ESG rating BBB AA FY 2023 Q3 2026 Ensure Al Rajhi Group’s a great place to work Employee Engagement 74% 74% FY 2023 Q3 2026+0% +2
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3Q 2026 Financial Highlights
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3 Q 2 0 2 6 R e s u l t s P r e s e n t a t i o n 7 Balance Sheet Trends (1) | Total assets growth of 1.8% YoY driven by Financing book growth 1,056 1,043 1,051 1,055 1,076 +1.8% 200 400 600 800 1,000 1,200 1,400 3Q 25 4Q 25 1Q 26 2Q 26 3Q 26 Total Assets (SARbn) 4.8 1,043.3 (3.0) 33.0 1,075.6 +3.1% (9.3) 6.9 0 100 200 300 400 500 600 700 4Q 25 Interbank Customers' Deposits Sukuk & Other Liab. Equity Equity Sukuk 3Q 26 Movement in Funding (SARbn) 3.6 4.6 1,043.3 (3.3) 5.5 1,075.6 +3.1% 22.1 0 100 200 300 400 500 600 4Q 25 Cash & SAMA Interbank Investments, net Financing, Net Other Assets, Net 3Q 26 Movement in Assets (SARbn) SAR (mn) 3Q 26 2Q 26 QoQ 4Q 25 YTD Cash & balances with SAMA 50,678 53,266 -5% 54,005 -6% Due from banks & other FI 32,399 29,548 +10% 26,941 +20% Investments, net 179,033 176,269 +2% 175,462 +2% Financing, net 774,859 762,096 +2% 752,760 +3% Other assets, net 38,667 33,594 +15% 34,101 +13% Total assets 1,075,636 1,054,772 +2.0% 1,043,268 +3% Due to banks & other FI 114,237 107,264 +7% 117,284 -3% Customers' deposits 700,277 688,359 +2% 667,288 +5% Sukuk issued & term Financing 63,004 74,834 -16% 79,867 -21% Other liabilities 43,449 31,748 +37% 35,918 +21% Total liabilities 920,967 902,206 +2% 900,356 +2% Total equity 154,669 152,566 +1% 142,912 +8%
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3 Q 2 0 2 6 R e s u l t s P r e s e n t a t i o n 8 Balance Sheet Trends (2) | Financing grew 2.5% YoY driven by Corporate and SME 487.3 482.1 481.1 214.2 211.2 222.61.2 0.8 0.7 53.3 58.7 70.4756.0 752.8 774.9 +2.5% 0 200 400 600 800 1,000 3Q 25 4Q 25 3Q 26 Financing, Net (SARbn) Retail Corporate Financial institutions SME (1.4) 667.3 (6.5) 40.9 700.3 +4.9% 0 100 200 300 400 500 600 700 4Q 25 Demand Time Other 3Q 26 Movement in Total Customers' Deposits (SARbn) 11.4 (0.1) 752.8 (4.9) 3.9 774.9 +2.9% 11.8 0 100 200 300 400 500 600 4Q 25 Mortgage Other Retail Corporate SME Financial institutions 3Q 26 Movement in Financing (SARbn) 427.4 421.4 414.8 12.1 11.3 9.9 254.3 234.6 275.5 693.9 667.3 700.3 +0.9% 0 200 400 600 800 1,000 3Q 25 4Q 25 3Q 26 Total Customers' Deposits (SARbn) Demand deposits Other customer accounts Customers’ time investments
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3 Q 2 0 2 6 R e s u l t s P r e s e n t a t i o n 9 Balance Sheet Trends (3) | Investments continue supporting our portfolio diversification 155.9 151.5 155.0 9.5 9.6 9.4 13.4 13.2 13.4 178.8 174.3 177.7 -0.6% 0 50 100 150 200 250 3Q 25 4Q 25 3Q 26 Investments, Net (SARbn) Sukuk Murabaha with Gov. & SAMA Structured Products Equity & Mutual funds 147.6 144.2 145.4 31.2 30.1 32.3 178.8 174.3 177.7 -0.6% 0 50 100 150 200 250 3Q 25 4Q 25 3Q 26 Investments, Net (SARbn) Domestic Investments International Investments 141.8 138.3 143.8 29.3 28.3 27.77.7 7.8 6.1 178.8 174.3 177.7 -0.6% 0 50 100 150 200 250 3Q 25 4Q 25 3Q 26 Investments, Net (SARbn) Investments held at AC FVOCI investments FVIS investments 133.8 129.6 133.9 22.1 21.8 21.19.5 9.6 9.4 13.4 13.2 13.4 178.8 174.3 177.7 -0.6% 0 50 100 150 200 250 3Q 25 4Q 25 3Q 26 Investments, Net (SARbn) Fixed-rate Sukuk Floating-rate Sukuk Structured Products Equity & Mutual funds
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3 Q 2 0 2 6 R e s u l t s P r e s e n t a t i o n 10 Net Income Trends | Outstanding net income with a 13.3% growth YoY in the first nine months of 2026 6,360 6,375 6,752 7,012 7,106 +11.7% 0 2,000 4,000 6,000 8,000 10,000 12,000 3Q 25 4Q 25 1Q 26 2Q 26 3Q 26 Net Income For The Period After Zakat (SARmn) 29 7,012 306 (76) 7,106 +1.3% 38 (208) 0 2,000 4,000 6,000 8,000 10,000 2Q 26 Yield Non-Yield Expenses Impairments Zakat 3Q 26 Net Income After Zakat Growth Drivers By Type (SARmn) (670) 18,417 3,629 214 20,870 +13.3% (761) 54 0 5,000 10,000 15,000 20,000 25,000 9M 25 Yield Non-Yield Expenses Impairments Zakat 9M 26 Net Income After Zakat Growth Drivers By Type (SARmn) SAR (mn) 9M 26 9M 25 YoY 3Q 26 3Q 25 YoY Net financing & investment income 25,325 21,696 +17% 8,613 7,294 +18% Fee from banking services, net 4,959 4,315 +15% 1,717 1,547 +11% Exchange Income, net 1,237 1,102 +12% 420 429 -2% Other operating income, net 1,007 1,572 -36% 365 612 -40% Fees and other income 7,203 6,989 +3% 2,502 2,588 -3% Total operating income 32,528 28,685 +13% 11,115 9,882 +12% Operating expenses -7,208 -6,447 +12% -2,357 -2,216 +6% Pre-provision profit 25,319 22,237 +14% 8,758 7,665 +14% Total impairment charge -2,364 -1,695 +40% -852 -570 +50% Net income for the period before Zakat 22,955 20,543 +12% 7,906 7,096 +11% Zakat -2,052 -2,105 -3% -791 -729 +8% Non-controlling interests 34 20 +67% 9 6 +43% Net income for the period after Zakat 20,870 18,417 +13% 7,106 6,360 +12%
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3 Q 2 0 2 6 R e s u l t s P r e s e n t a t i o n -0.03% 3.09% 0.24% 0.03% 3.51% 42 bps 0.17% 0 0 0 0 0 0 9M 25 Retail Corporate Treasury CoF 9M 26 NPM Drivers (%) 11 Operating Income Trends | Higher operating income driven by net yield and fee income growth (564) 28,685 3,629 644 32,528 +13.4% 135 0 5,000 10,000 15,000 20,000 25,000 30,000 35,000 40,000 9M 25 Net Yield Fee banking services, net Exchange income, net Other income, net 9M 26 Total Operating Income Growth Drivers By Type (SARmn) 9,882 10,409 10,528 10,884 11,115 +12.5% 0 2,000 4,000 6,000 8,000 10,000 12,000 14,000 16,000 18,000 3Q 25 4Q 25 1Q 26 2Q 26 3Q 26 Total Operating Income (SARmn) 3.09% 3.16% 3.54% 3.50% 3.51% 5.85% 5.91% 6.10% 6.07% 6.10% 2.76% 2.75% 2.57% 2.57% 2.59% (0) 0 9M 25 FY 25 1Q 26 1H 26 9M 26 Net Profit Margin (%) NPM (%) Gross Yield (%) CoF (%)
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3 Q 2 0 2 6 R e s u l t s P r e s e n t a t i o n 12 Expenses Trends | Cost efficiencies remains solid with a market leading cost to income ratio of 22.2% 2,216 2,680 2,457 2,395 2,357 +6.3% 0 500 1,000 1,500 2,000 2,500 3,000 3,500 4,000 3Q 25 4Q 25 1Q 26 2Q 26 3Q 26 Operating Expenses (SARmn) 22.5% 23.3% 23.3% 22.7% 22.2% 0 0 0 0 0 0 0 9M 25 FY 25 1Q 26 1H 26 9M 26 Cost To Income Ratio (%) 0.6% 3.1%22.5% -2.4% -0.1% 22.2% -32 bps -1.5% 0 0 0 0 0 0 0 0 0 0 9M 25 Yield Income Non-Yield Income Staff Depreciation G&A 9M 26 Cost to Income Ratio Drivers (%) 1,059 6,447 212 (510) 7,208 +11.8% 0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 9M 25 Salaries & Benefits Depreciation Other G&A expenses 9M 26 Operating Expenses Growth Drivers By Type (SARmn)
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3 Q 2 0 2 6 R e s u l t s P r e s e n t a t i o n 13 Net Impairment & Cost of Risk | Higher gross charge due to Financing portfolio growth 570 626 631 881 852 +49.5% 50 250 450 650 850 1,050 1,250 1,450 1,650 3Q 25 4Q 25 1Q 26 2Q 26 3Q 26 Net Impairment Charges (SARmn) 1,695 (776) 1,446 2,364 +39.5% 0 500 1,000 1,500 2,000 2,500 3,000 3,500 9M 25 Retail Non-Retail 9M 26 Movement in Net Impairment by Group (SARmn) (146) 1,695 815 2,364 +39.5% 0 1,000 2,000 3,000 4,000 5,000 9M 25 Gross charges Recoveries 9M 26 Movement in Net Impairment (SARmn) 0.31% 0.32% 0.33% 0.39% 0.41% (0) 0 0 0 0 0 9M 25 FY 25 1Q 26 1H 26 9M 26 Cost of Risk (%)
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3 Q 2 0 2 6 R e s u l t s P r e s e n t a t i o n 14 Asset Quality Trends (1) | Asset quality remains healthy 0.43% 0.40% 0.46% 0.45% 0.35% 1.36% 1.37% 1.33% 1.23% 1.44% 0.76% 0.75% 0.77% 0.74% 0.76% (0) 0 0 0 0 3Q 25 4Q 25 1Q 26 2Q 26 3Q 26 NPL Ratio (%) Retail Non-Retail Group 151.2% 152.5% 150.3% 153.2% 152.1% 1 1 2 2 3 3 4 4 5 3Q 25 4Q 25 1Q 26 2Q 26 3Q 26 NPL coverage ratio (%) 4,674 5,694 (4,380) 5,989 +5.2% 0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 9,000 4Q 25 Write off Netflow 3Q 26 NPL Formation (SARmn) 528 5,694 (233) 5,989 +5.2% 0 1,000 2,000 3,000 4,000 5,000 4Q 25 Retail Non-Retail 3Q 26 Movement in NPL (SARmn)
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3 Q 2 0 2 6 R e s u l t s P r e s e n t a t i o n 15 Asset Quality Trends (2) | Healthy stage coverage reflecting prudent risk management 0.37% 0.37% 0.37% 11.4% 10.6% 10.7% 56.3% 55.5% 54.0% 0 0 0 0 0 0 0 0 3Q 25 4Q 25 3Q 26 ECL Coverage (%) Stage 1 Stage 2 Stage 3 638 8,784 (313) 9,109 +3.7% 0 2,000 4,000 6,000 8,000 10,000 12,000 3Q 25 Retail Non-Retail 3Q 26 Movement in ECL by Group (SARmn) 2,732 2,714 2,822 1,653 1,682 1,989 4,399 4,287 4,298 8,784 8,683 9,109 0 2,000 4,000 6,000 8,000 10,000 3Q 25 4Q 25 3Q 26 ECL by Stage (SARmn) Stage 1 Stage 2 Stage 3 742.5 737.8 757.4 14.5 15.9 18.6 7.8 7.7 8.0764.8 761.4 784.0 +2.5% 0 200 400 600 800 1,000 3Q 25 4Q 25 3Q 26 Gross Loans by Stage (SARbn) Stage 1 Stage 2 Stage 3
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3 Q 2 0 2 6 R e s u l t s P r e s e n t a t i o n Regulatory Minimum 100% Regulatory Maximum 90% 16 Liquidity Trends | Liquidity remains comfortably within regulatory requirements 81.2% 82.8% 82.6% 82.8% 83.6% 0 1 1 1 1 1 1 3Q 25 4Q 25 1Q 26 2Q 26 3Q 26 Loan to Deposits Ratio (SAMA) (%) 154.4% 168.7% 162.3% 169.1% 165.8% 1 1 1 1 1 2 2 2 3Q 25 4Q 25 1Q 26 2Q 26 3Q 26 LCR (%) 110.6% 109.0% 109.3% 109.8% 108.5% 1 1 1 1 1 1 1 1 1 1 1 3Q 25 4Q 25 1Q 26 2Q 26 3Q 26 NSFR (%) Regulatory Minimum 100% 122.3 127.3 127.6 132.0 127.3 +4.1% 0 50 100 150 200 3Q 25 4Q 25 1Q 26 2Q 26 3Q 26 HQLA (SARbn)
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3 Q 2 0 2 6 R e s u l t s P r e s e n t a t i o n 17 Capitalization Trends | Capital position well above regulatory minima 607.0 612.5 627.4 17.1 15.3 13.8 46.1 46.1 51.5670.2 673.9 692.7 +3.4% 0 200 400 600 800 1,000 3Q 25 4Q 25 3Q 26 RWA (SARbn) Credit risk Market risk Operational risk 132.2 138.1 149.1 9.3 9.2 14.6 141.5 147.3 163.7 +15.7% 0 50 100 150 200 250 3Q 25 4Q 25 3Q 26 Total Capital (SARbn) Total tier 1 capital (T1) Tier 2 capital (T2) 0.0% 1.0%20.5% -2.2% 2.9% 21.5% 1.04% -0.1% -0.6% 0 0 0 0 0 0 0 4Q 25 Dividends YTD Profit Other reserves FTA + Goodwill Sukuk RWA 3Q 26 Tier 1 Drivers (%) 15.9% 16.6% 17.3% 17.3% 16.8% 19.7% 20.5% 21.6% 21.7% 21.5% 21.1% 21.9% 23.0% 23.5% 23.6% 0 0 0 0 0 0 0 0 3Q 25 4Q 25 1Q 26 2Q 26 3Q 26 Capital Ratios (%) CET1 ratio T1 ratio TC ratio
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3 Q 2 0 2 6 R e s u l t s P r e s e n t a t i o n 18 Return Metrics | Al Rajhi Bank’s returns remain industry-leading 3.83% 3.86% 3.98% 4.07% 4.07% 0 0 0 0 0 0 0 0 0 9M 25 FY 25 1Q 26 1H 26 9M 26 Return on RWA (%) 23.55% 23.36% 22.92% 23.30% 23.26% 0 0 0 0 0 0 0 0 0 0 9M 25 FY 25 1Q 26 1H 26 9M 26 Return on Equity (%) 2.40% 2.41% 2.58% 2.63% 2.65% 0 0 0 0 0 9M 25 FY 25 1Q 26 1H 26 9M 26 Return on Assets (%) 0.99 1.01 1.06 1.11 1.10 +11.0% 0 0 0 1 1 1 1 1 2 2 3Q 25 4Q 25 1Q 26 2Q 26 3Q 26 Earnings per Share (SAR)
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FY 2026 Guidance
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3 Q 2 0 2 6 R e s u l t s P r e s e n t a t i o n FY 2026 Assumptions and Outlook | Interest rates are expected to increase by end of 2026 20 Economy • Saudi real GDP is estimated to decline by 4.7% in Q2 2026 driven by lower oil activities • IMF has revised Saudi GDP growth forecasts to 3.3% contraction for 2026 and 7.9% growth for 2027 • Consumer spending increased by 7.8% YoY in the first 8 months of 2026 backed by the improved economic activities • Credit demand is expected to remain positive with a lower growth compared to historical levels Interest Rates • Based on the recent updates on U.S and global economy, our base case for the remainder of the year is one rate hike • The outlook of the interest rates environment will have an impact on both credit demand and deposit mix • Alrajhi Bank strategy is to grow in a selective way focusing on value rather than volume to maintain NIM • SRC benchmark rates stands at 7.9% levels by the third quarter of 2026 Strategy & Execution • ln February 2024, we have launched our “Harmonize the Group” strategy • Our new Strategy will be focused on providing a financial ecosystem through a universal bank offering • The focus will continue to improve the overall banking experience through several initiatives • ESG remains a focus for the management to build a sustainable business that contributes to the bottom line
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3 Q 2 0 2 6 R e s u l t s P r e s e n t a t i o n FY 2026 Guidance 9M 2026 Actual Guidance Revision Balance Sheet Financing Low to mid single digit +2.9% Low single digit Profitability Net profit margin +30 bps to +40 bps +35 bps +30 bps to +40 bps Cost to income ratio Below 23.0% 22.2% Below 23.0% ROE Above 23.5% 23.3% Above 23.5% Asset Quality Cost of risk 0.30% - 0.40% 0.41% 0.35% - 0.45% Capital Tier 1 ratio Above 21% 21.5% Above 21% FY 2026 Guidance | For our strategy “Harmonize the Group“ 20
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Q & A
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ESG Highlights
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3 Q 2 0 2 6 R e s u l t s P r e s e n t a t i o n 24 ESG Highlights | 3Q 2026 USD 5.5 bn Green syndicated loans +200 Scholarships to Orphan students to join Universities ISO/DIS 37301:2020 Compliance Started using solar energy system in 61 branches to reduce utilities consumption +39k Families have been benefited from the affordable housing solutions USD 1.0bn Social Sukuks ISO 22301:2019 Business Continuity Management SAR 1,076bn Total Assets Around SAR 3bn of financing renewable energy projects SAR 2,052mn Zakat +110k Beneficiaries of Alrajhi bank healthcare program 333 Sharia Board Resolutions in 2025 13% growth in female employees in 2025 SAR 20.9bn Net Profit after Zakat USD 2.4bn Sustainable senior- unsecured Sukuk SAR 3,175mn In salaries and benefits paid 14 Batches of Graduate Development Program since 2015 137 Policies & Frameworks 36% of female employees at the group level in 2025 0% Financing exposure in Tobacco, Alcohol & Gambling 96:4 Digital to Manual Ratio SAR 70.4bn in financing for SMEs +25k Employees across the group 4 out of 11 Independent Board Directors +100% growth in female customers since 2015 Financial Sustainability Environmental Social Governance Gender Diversity 3Q 2026 figures
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KSA’s Macro–Economic Environment
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0.8% 3.2% 5.9% 6.0% 5.3% 4.9% 3.3% 2.5% 2.3% 1.7% 2.3% 1.9% -10.0% -8.0% -6.0% -4.0% -2.0% 0.0% 2.0% 4.0% 6.0% 8.0% 0.0% 1.0% 2.0% 3.0% 4.0% 5.0% 6.0% 2021 2022 2023 2024 2025 2026 3M SAIBOR / Inflation 3M SAIBOR (average %) Inflation (average consumer prices %) Highlights • Saudi GDP is expected to decline by 4.7% in Q2 2026 driven by lower oil activities. • Based on IMF forecasts, Saudi’s GDP is estimated to drop by 3.3% in 2026 and grow 7.9% for 2027 • Unemployment rate stands at 6.5% as of Q2 2026 26 KSA Economic Outlook | Economic conditions remain positive for the Kingdom Source: SAMA, IMF, MoFSource: MoF, SAMA Source: IMF, U.S. Energy Information 3.3 8.7 -0.8 1.3 4.3 -3.3 70.9 99.0 82.5 80.5 69.0 91.0 0.0 20.0 40.0 60.0 80.0 100.0 -2.8 -0.8 1.2 3.2 5.2 7.2 2021 2022 2023 2024 2025 2026 GDP Growth/Brent Oil Price GDP Growth, Constant Prices (%) Brent Crude (USD/bbl) 1,039 1,164 1,293 1,375 1,388 1,313 965 1,268 1,212 1,259 1,112 1,147 1,708 1,724 1,638 1,640 1,726 1,827 900 1,000 1,100 1,200 1,300 1,400 1,500 1,600 1,700 1,800 1,900 -100 400 900 1,400 1,900 2021 2022 2023 2024 2025 2026 Expenditure/Revenue and Asset Reserves (SARbn) Government expenditure Government revenue SAMA asset reserves * Aug 2026 figure
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Recent Developments • Deposits have grown in the banking system by end of August 2026 aligned with loans growth. • SRC benchmark rates stand at 7.9% by the end of the third quarter of 2026 • Consumer spending increased by 7.8% YoY in the first 8 months of 2026 with continuous migration toward cashless payment methods. 27 Banking Sector Highlights | Banking system deposits continue growing in the third quarter 2026 Source: SAMA Source: SAMA Source: SAMA 415 412 415 405 346 414 456 497 527 497 89 116 142 234 274918 985 1,055 1,166 1,118 0 200 400 600 800 1000 1200 9M 2022 9M 2023 9M 2024 9M 2025 Aug-26 POS/ATM & E-Commerce (SARbn) ATM withdrawls POS spending E-Commerce Spending 2,349 2,584 2,956 3,296 3,464 2,295 2,473 2,692 2,926 3,080 81.5% 80.7% 83.2% 80.3% 81.7% 0.0% 10.0% 20.0% 30.0% 40.0% 50.0% 60.0% 70.0% 80.0% 0 500 1,000 1,500 2,000 2,500 3,000 3,500 4,000 2022 2023 2024 2025 Aug-26 SAMA LDR (%) & Bank Loans and Deposits (SARmn) Loans to private & public sectors Total Deposits SAMA LDR 550 607 681 730 743 23.3% 10.4% 12.2% 7.2% 5.3% -30.0% -10.0% 10.0% 30.0% 50.0% 70.0% 0 100 200 300 400 500 600 700 800 900 1,000 2022 2023 2024 2025 Q2 2026 Retail Mortgage (SARbn) Retail Mortgage loans (SARbn) YoY Growth (%)
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IR Contact Information
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3 Q 2 0 2 6 R e s u l t s P r e s e n t a t i o n 29 Additional Information | Contact investor relations for more information Visit our website (here) for more Investor disclosers: • Annual Report • Financial Statements • Investor Presentation • Factsheet • Data Supplement • Earnings Release Alrajhi Mobile App Alrajhi Business App Alrajhi IR App Emkan App urpay App Investors Relations IR@alrajhibank.com.sa