3Q 2023 Investor Presentation

KSA Economic Outlook | Economic conditions remain positive for the Kingdom Highlights • GDP declined by 4.6% in 3Q 2023 driven by lower oil activities • IMF revised down Saudi's GDP growth forecasts to 0.8% for 2023 and revised up 2024 to 4.0% • Inflation eased to 1.7% in September 2023 and expected to normalize in 2024 to 2.2% Expenditure/Revenue and Asset Reserves (SARbn) 1,873 1,701 1,708 1,724 1,648* 1,268 1,262 1,164 1,180 1,251 1,059 1,076 927 1,039965 1,172 782 GDP Growth/Brent Oil Price 99.0 94.9 84.1 70.9 64.4 8.7 41.7 0.3 3.3 4.0 0.8 -4.1 2019 2020 2021 GDP Growth, Constant Prices (%) 2022 2023 Brent Crude (USD/bbl) 2024 Source: IMF, U.S. Energy Information 3M SAIBOR / Inflation -0.1% 3.4% 3.3% 2.5% 2.6% 2.2% 5.9% 5.9% 3.2% 2.6% 1.2% 0.8% 2019 2020 2021 2022 2023 2024 2019 2020 2021 2022 2023 2024 Government expenditure Source: MoF, SAMA Government revenue SAMA asset reserves September 2023 figure 3M SAIBOR (average %) Inflation (average consumer prices %) Source: SAMA, IMF, MOF 3 Q 2023 Investor Presentation 18 8

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