Riyadh on 24/02/2020 ELEMENT LIST Current YEAR PREVIOUS YEAR % Change Total Revenue from Special Commissions/Financing & Investments 3,902 3,633 7.404 Net Income from Special Commissions/Financing & Investments 2,278 2,288 -0.437 Total Operation Profit (Loss) 2,818 2,713 3.870 Net Profit (Loss) before Zakat and Income Tax 330 1,444 -77.147 Net Profit (Loss) 239 576 -58.507 Total Comprehensive Income 761 202 276.733 Total Share Holders Equity (after deducting minority equity) 12,007 11,621 3.322 Assets 100,815 96,070 4.939 Investments 26,175 24,638 6.238 Loans and Advances Portfolio (Financing & Investment) 57,113 59,413 -3.871 Customer Deposits 69,058 63,690 8.428 Profit (Loss) per Share 0.17 0.65 All figures are in (Millions) Saudi Arabia, Riyals Element Explanation Increase (Decrease) in Net Profit for Current Year Compared to Last Year is Attributed to Net profit decreased by 58.5% primarily due to an increase in total operating expenses which was due to an increase in provisions for credit and other losses, salaries and employee-related expenses, depreciation and amortization, and other general and administrative expenses which was offset by a decrease in rent and premises-related expenses, and provisions for Zakat and Income Tax. Total operating income increased by 3.9% primarily due to an increase in fee income from banking services, exchange income, fair value through profit and loss, gains on FVOCI debt securities, and other income which was offset by a decrease in net special commission income, and dividend income. Basis of the External Auditor's Opinion Unmodified opinion. Reclassification of Comparison Items The previous period numbers have been reclassified/adjusted to conform to the current period presentation. Additional Information Starting from the quarter ended June 2019, and in accordance with International Financial Reporting Standards (IFRS) and other standards and pronouncements endorsed by SOCPA, the Bank changed its accounting policy for reporting provisions for Zakat and Income Taxes. Accordingly, the Bank has reported provisions for Zakat and Income Tax through the statement of income for the year ending 2019 and restated the year ended 2018. Previously, provisions for Zakat and Income Tax were reported in the statement of changes in equity. In Q4 2018, the Bank entered into a settlement agreement with the GAZT for zakat claims for periods up to and including 2017. The amount of the settlement was SAR 775.5 million for 2006 to 2017 and SAR 38.9 million for 2005. The restated 2018 statement of income includes the discounted impact of this settlement of SAR 750.5 million. The restated 2018 statement of income, including the impact of the settlement agreement and other adjustments resulted in a SAR 883 million decrease of previously reported net income resulting in a decrease in earnings per share from SAR 1.86 to SAR 0.65. Earnings per share for the year ended December 31, 2019 was 0.17 SAR, which was calculated by dividing net income adjusted for Tier I Sukuk costs by 683 million shares representing the weighted average of the issued and outstanding shares after giving effect to the purchase of 56.2 million and 18.7 million Treasury shares on September 27, 2018 and May 28, 2019 respectively. Earnings per share for the year ended December 31, 2018 was SAR 0.65, which was calculated by dividing net income adjusted for Tier I Sukuk costs by 735 million shares representing the weighted average of the issued and outstanding shares after giving effect to the purchase of 56.2 million Treasury shares on September 27, 2018.