0 Disclaimer

THE INFORMATION SET OUT IN THIS PRESENTATION AND PROVIDED IN THE DISCUSSION SUBSEQUENT THERETO DOES NOT CONSTITUTE AN OFFER OR SOLICITATION OF AN OFFER TO BUY OR SELL SECURITIES. IT IS SOLELY FOR USE AT AN INVESTOR PRESENTATION AND IS PROVIDED AS INFORMATION ONLY. THIS PRESENTATION DOES NOT CONTAIN ALL OF THE INFORMATION THAT IS MATERIAL TO AN INVESTOR. This presentation has been prepared by (and is the sole responsibility of) Al Ahli Bank of Kuwait K.S.C.P. (the “Bank”). The information herein may be amended and supplemented and may not as such be relied upon for the purposes of entering into any transaction. This presentation may not be reproduced (in whole or in part), distributed or transmitted to any other person without the Bank's prior written consent.

The information in this presentation and the views reflected therein are those of the Bank and are subject to change without notice. All projections, valuations and statistical analyses are provided to assist the recipient in the evaluation of the matters described herein. They may be based on subjective assessments and assumptions and may use one among alternative methodologies that produce different results and, to the extent that they are based on historical information, they should not be relied upon as an accurate prediction of future performance. These materials are not intended to provide the basis for any recommendation that any investor should subscribe for or purchase any securities.

This presentation does not disclose all the risks and other significant issues related to an investment in any securities/transaction.

Past performance is not indicative of future results. Al Ahli Bank of Kuwait is under no obligation to update or keep current the information contained herein. No person shall have any right of action against the Bank or any other person in relation to the accuracy or completeness of the information contained in this presentation. No person is authorized to give any information or to make any representation not contained in and not consistent with this presentation, and, if given or made, such information or representation must not be relied upon as having been authorized by or on behalf of the Bank.

This presentation does not constitute an offer or an agreement, or a solicitation of an offer or an agreement, to enter into any transaction (including for the provision of any services). No assurance is given that any such transaction can or will be arranged or agreed.

Certain statements in this presentation may constitute forward-looking statements. These statements reflect the Bank’s expectations and are subject to risks and uncertainties that may cause actual results to differ materially and may adversely affect the outcome and financial effects of the plans described herein. You are cautioned not to rely on such forward-looking statements. The Bank does not assume any obligation to update its view of such risks and uncertainties or to publicly announce the result of any revisions to the forward-looking statements made herein.

2 Table of Contents

Page # Section 1 ABK Introduction & Key Highlights 4x

Section 2 Kuwait Country and Banking Snapshot 7x

Section 3 ABK Strategy and Business Overview 12x

Section 4 Financial Performance 18x

Section 5 Appendix 22

3 Al Ahli Bank of Kuwait (“ABK”) Overview

Overview of Al Ahli Bank of Kuwait Consolidated IFRS Financials  Established on 23rd May 1967, Al Ahli Bank of Kuwait K.S.C.P. (“ABK”,

the “Issuer” or “the Bank”) is a leading bank headquartered in Kuwait USD million(1) 2014 2015 2016 2017 CAGR 9M ‘17 9M’18 and regulated by the Central Bank of Kuwait (“CBK”) Net Loans & Advances 8,273 10,040 9,898 10,189 7.2% 10,148 10,302  Operates through three major segments: Total Assets 11,950 14,363 14,000 14,452 6.5% 14,233 15,265  Commercial banking Customer Deposits 6,620 8,225 9,475 9,739 13.7% 9,862 10,362  Retail banking Total Equity 1,907 1,831 1,816 1,895 (0.2%) 1,862 2,201 Total Operating Income 402 423 482 520 9.0% 380 418  Treasury and Investments Net Profit 128 100 106 118 (2.6%) 73 89  31 branches in Kuwait, 2 branches in the United Arab Emirates as well Non performing loans ratio (%) 2.5 2.3 2.6 1.7 - 2.3 2.0 as a wholly owned investment banking subsidiary in Kuwait and through Loans to Deposits ratio (%) 84.6 82.5 83.3 83.4 - 81.5 82.1 the acquisition of Piraeus Bank Egypt, now renamed as “ABK Egypt”, it Cost / income ratio 29.8 32.0 39.4 37.7 - 38.0 37.9 operates 39 full service branches in Egypt Return on average equity 6.8 5.5 5.8 6.3 - 5.3 6.3  DIFC Branch opened in April 2018 Tier 1 ratio (%) 22.7 16.0 16.5 16.0 - 15.6 17.7 Total Capital Adequacy ratio (%) 23.7 17.2 17.7 17.2 - 16.8 18.9  Ranked amongst the top 10 safest banks in the Middle East by Global Finance in 2017 and 2018 Ownership Structure (as at 31st December 2017)  Established by the Behbehani family, with approximately 37.5% Kuwait Investment Co. ownership (direct and indirect) 10.1% Behbehani Telecommunications Co. The Bank’s Credit Ratings 9.5% Wafra International Investments Co.

Behbehani Investment Co. 9.1% Rating Agency Last affirmed Long Term Rating Outlook 49.7% (direct and indirect) Ali Murad Yousuf Behbehani 8.8% Aug 2018 A2 Stable Heirs of Mohamed Saleh Yousuf Behbehani 6.4% 6.4% Dec 2017 A+ Stable Others

Note: KD/USD Rates for 2014, 2015, 2016, 2017, 9M’17 and 9M’18 respectively – 0.29280, 0.30350, 0.30605, 0.30180, 0.30215 and 0.30310 4 ABK Key Highlights

Stable macro environment and solid banking system Strong Profitability & Sound asset quality

• Kuwait represents one of the strongest macro profiles with solid fundamentals in the GCC, stable Aa2/AA rating • 23% Growth in Net Profit & 11% Growth in Operating • Stable banking sector with prudent regulatory Income environment • Total Assets reached KD 4.6 billion, up 6% from 2017 • Highly liquid banking system supported by government • Customer Deposits at KD 3.1billion , up 7% from 2017 spending, enabling healthy operating conditions • Low NPL ratio at 1.98% • Pre-provision income to average assets ratio at 2.3% • One of the highest NIM among conventional banks in Kuwait

Stable funding base and good liquidity buffers Robust capitalization and Strong balance sheet

• 79% of the total liabilities consist of customer deposits • Tier 1 ratio of 17.7% and CAR of 18.9% • Liquidity coverage ratio 334% & Net Stable Funding Ratio • In September the Bank issued a US$ 300 Million Tier 1 of 110.4% perpetual bond on the International Capital Markets, • Leverage of 11.6%, above the 3% required by the CBK which was oversubscribed with very strong interest from Basel III leverage ratio investors outside the MENA region

Committed shareholder base and a well-experienced management team

• Established in 1967 by the Behbehani family, ABK has retained the same core shareholder base since then • Has a strong and stable Board and a long-serving executive team with a proven track record in Kuwait

All financials and ratio’s are as of 30th September 2018 5 Agenda

Page # Section 1 Introduction to ABK & Key Highlights 4x

Section 2 Kuwait Country and Banking Snapshot 7x

Section 3 ABK Strategy and Business Overview 12x

Section 4 Financial Performance 18x

Section 5 Appendix 22x

6 Overview of Kuwait Kuwait has the 5th largest oil reserves in the world at 101.5bn barrels which is more than 6% of the world’s total oil reserve

Key Economic Indicators

Population(1) 4.6 million Rating5 Outlook Nominal GDP (2017E) (3) USD 134.3 billion / KD 36.3 billion GDP per Capita (2018E) (2) USD 59,381 Oil Revenues (2017) (3) KD 15.2 billion AA Stable

Oil Revenues as % of Real GDP (2017) (2,3) 41.8% th 5 largest in the world at 101.5bn barrels; AA Stable Oil Reserves (2017) (4) more than 6% of the world’s total oil reserve Public Debt/GDP (2017E) (5) 20.6% Aa2 Stable Sovereign Wealth Fund AUM (5) USD 592 billion FX and Gold Reserves (2017E) (5) USD 33.1 billion

Stable Production, amongst the top 10 globally(4, 7) Current Account Balance (as a % of GDP) (2)

10.00% 1,087 1,068 1,078 1,046 1,043 987 5.00%

0.00% 2.9 2.9 3.0 2.9 3.0 2.7 0.43% 0.56% -5.00% -5.23% -10.00% 2012 2013 2014 2015 2016 2017 2016 2017 (P) 2018 (P) Total Crude Oil Production (millions bbl/annual) Kuwait Qatar UAE Saudi Arabia Average of Oil Exporting Countries Average Crude Oil production (millions bbl/day)

Source: (1) Public Authority for Civil Information as of June 2018 (2) Central Bank of Kuwait, IMF estimates (World Economic Outlook Database, April 2018), Article IV Consultation January 2018 (estimate) (3) Kuwait Central Statistical Bureau (4) OPEC Annual Statistical Bulletin 2018 (5) Sovereign Wealth Fund Institute and Public Authority for Civil Information as of June 2017; CIA Factbook (6) Moody’s ratings are as of June 2018, S&P ratings are as of July 2018 and Fitch ratings are as of May 2018 (7) OPEC Monthly Oil Market Report January 2018 7 Overview of Kuwait Consistently high non-oil GDP growth reflects the resilience to volatility in global oil prices

Substantial natural resource endowment(1) Fiscal Breakeven Oil price (USD /barrel)(2) Million bbls/ per capita 23.0 118.7 105.7 99.0 9.6 9.6 95.2 8.2 7.5 3.8 1.9 1.6 101.9 0.6 0.2 0.1 88.9 83.6

US 76.3

Iraq Iran

UAE

Libya

Russia

Kuwait Nigeria 94.0

Venezuela 96.6 Kazakhstan Saudi Arabia Saudi 73.1 70.0 Supported by strong non-oil GDP growth(2) 64.7 68.0 61.7 % change 60.7

8.2 50.9 50.0 46.8 47.2

5.6 4.7 47.2 43.1 46.5 47.1 4.2 4.6 3.7 3.5 3.2 3.2 3.6 3.2 3.4 3.5 3.3 3.5 3.4 3.5 2.7 3.1 2.5 2.1 1.7 1.3 0.2 2015 2016 2017 Forecast 2018 2015 2016 2017F 2018F Kuwait UAE Saudi Arabia Qatar Bahrain Oman Kuwait Qatar UAE Saudi Arabia Oman Bahrain

Source: (1) Proven crude oil reserves as per OPEC Statistical Bulletin 2018, Population numbers from IMF WEO (April 2018) (2) IMF, Regional Economic Outlook Middle East and Central Asia, October 2017 8 Overview of Kuwait Banking Sector

Kuwaiti banking sector snapshot

• The Kuwaiti banking sector comprises 23 banks, including six All banks conventional banks (including one specialised bank), five Shari’a- regulated by compliant local banks and branches of 12 international banks which the Central includes a non-Kuwaiti Islamic bank. Bank of Kuwait • Highly regulated sector by the CBK with a number of regulations and 6 12 supervisory practices in place monitoring interest rates charged, Conventional foreign bank lending limits and concentrations, investment limits, liquidity and Banks branches capital adequacy.

• The government’s financial strength underpins its capacity to provide support to the banking sector with historical evidence of 23 USD support. Most recently, in 2008, the State offered capital support to a bank as well as introducing a guarantee on customer deposits under 5 Banks 213bn(1) the Deposits Guarantee Law following the global financial crisis. local of banking Islamic Banks assets • Capital adequacy standards under the Basel III framework were implemented by CBK In June 2014. The Tier I ratio and the total capital

(2) adequacy ratio required by the CBK are 11% and 13% respectively Stringent 100% from December 31, 2016. ABK has been designated as a domestically Principal systemic important bank (“D-SIB”) with an additional Common Equity Basel III Deposit requirements Guarantee Law Tier 1 D-SIB surcharge of 0.5% required from December 31, 2016. in effect

(1) Central Bank of Kuwait , KD/USD = 0.30275 as of 30 June 2018 (2) The Kuwaiti government passed Law No.30 of 2008 (the “Deposits Guarantee Law”) to guarantee deposits held with local banks. Under the Deposit Guarantee Law, the Kuwaiti government has undertaken to guarantee the principal, but not interest, of all deposits held with local banks in Kuwait, including savings and current accounts 9 Peer Comparison A well established Kuwaiti Bank

Total Assets (USD billions) Loans and Advances (USD billions)

89.3 49.2 22.9 14.4

19.4 13.0 Domestic 14.8 Domestic 10.2 14.1 7.1

27.7 12.9 18.8 10.2

14.8 10.2 Regional Regional 10.3 7.8 9.0 6.9

Customer Deposits (USD billions) Capital Adequacy Ratio

1 48.4 CBK 17.4% 1.2% 18.6% 12.9 NBK 15.1% 2.1% 17.2%

12.3 ABK 15.1% 1.2% 16.3% Domestic

Domestic 10.2 Burgan 13.6% 3.0% 16.6% 7.6 Gulf Bank 13.2% 3.5% 16.7% Tier 1 Tier 2 18.5 ABQ 15.3% 1.1% 16.4% 13.1 ABK 15.1% 1.2% 16.3%

10.2 CBD 13.9% 1.1% 15.0% Regional Regional 6.5 GIB 13.6% 0.8% 14.4% 1 6.2 NBO 13.1% 1.0% 14.1%

All financials are as of 30th June ’18 Using KD/USD = 0.30180, AED/USD = 3.67315, QAR/USD = 3.64100 , OMR/USD = 0.38490 as of 30 June 2018 10 Agenda

Page # Section 1 Introduction to ABK & Key Highlights 4x

Section 2 Kuwait Country and Banking Snapshot 7x

Section 3 ABK Strategy and Business Overview 12x

Section 4 Financial Performance 18x

Section 5 Appendix 22

11 ABK’s Strategy

The Group’s Vision is “reimagining a simpler bank” and its Mission is “to consistently provide experiences that simplify and enrich people’s lives”

Transparency | Integrity | Simplicity | Excellence

Retail Banking Best-in-class turnaround times “make banking easy” • SME & Wealth Management • Cross Border Mortgages • Account Opening • Footprint expansion ( ATMs, Kiosks, • Loans and Cards Simplification Direct Sales agents) • All other services at Branch levels New Products • ePayments (NFC, Apple-pay , PayPal) and Segments Re-engineer our credit Wholesale Banking approval process • Cash Management and Global Trade • Redesigned CAR and Credit Services Approval process Key Enablers • Corporate Finance and Advisory • Standardized ORR and FRR models Upgrade our Infrastructure: • UAE Commercial Business • Core Banking System (CBS) & Data Warehouse Redefine our core • AML System, Risk Monitoring & Reporting Tools Growing regional business competencies Empower our People: • Investing outside Kuwait for • Exit or curtail non-core businesses • Performance Management (“Pay for Performance”) diversification and increased revenues • Outsource non-core activities • Talent Management (“Promote the High Potential”) • DIFC Branch • Rationalize retail product offerings Digital Transformation : • Cross border products • Remodel ACIC around Issuers and • Data Repository & Analytics Investors • Robotic Process automation • Best in Class cyber- security

12 Overview of ABK’s Business Segments

Breakdown by Operating Income comprises a full range of credit, deposit and Commercial related banking services provided to its FY 20171 9M 2018 Banking corporate and institutional customers 8% 10%

34% 58% 34% 56%

KD 157.0 million KD 126.8 million

Retail comprises a full range of products and services Commercial Banking Retail Banking Treasury & Investment to retail customers, including loans, credit cards, Banking deposits and wealth management services Breakdown by Assets1,2 (KD million) 4,556 4,280 4,215 4,281 4,222

24% 23% 25% 24% 27% 12% 13% 14% 14% 14% comprises treasury services provided to customers and balance sheet management 64% 64% 61% 62% 59% Treasury & activities, including money market, derivatives, Investment proprietary investment activities and the residual impact of inter-segment fund transfer 2015 2016 2017 Sep 17 Sep 18 pricing Commercial banking Retail banking Treasury & Investments

Note: (1) International results included under Commercial Banking, Retail Banking and Treasury & Investment based on segmental regrouping undertaken by the bank in 2017 (2) Excludes unallocated assets for 2015, 2016, 2017, Sep-17 and Sep-18 respectively - KD 79 million, KD 70 million, KD 80 million, KD 79 million and KD 71 million 13 Commercial & Retail Banking

Commercial and Retail Banking comprises the full range of credit, deposit and related banking services provided to its commercial and retail customers Commercial Banking Corporate Banking: Operating Income1 (KD million) • Split into 8 specialized business units, each with a broad product range for corporate clients Commercial banking Retail banking • Services range from traditional working capital finance to complex structured financial products for large projects and multinational companies 146 144 116 114 International Banking: 34% 37% 107 • Operates from the Group’s head office in Kuwait is responsible for the Group’s 30% 35% 38% relationship with major international banks and correspondent banks around the world, including the Nostro and Vostro accounts for and within the Group 66% 63% 70% 65% 62% • The international banking division manages the Group’s institutional and multi- national corporate loan portfolio through relationship managers 2015 2016 2017 9M 17 9M 18 Retail Banking • Target additional growth through acquisition of retail portfolios Segment Assets1 (KD million) • Co-branding arrangement with Emirates Airlines in place for its credit and prepaid cards as well as the first bank in Kuwait to offer a single multi-currency card Commercial banking Retail banking Key Stats - Kuwait (as at 31st December 2017) • 31 branches and 142 ATMs 3,235 3,247 3,193 3,185 3,269 • 179,691 active cards in circulation with a total spend of KD 885mn 16% 17% 19% 18% 20% • 70,500 registered SMS and mobile application banking customers • 171,000 transaction executed for such subscribers during 2017 • 288,500 telebanking calls in 2017 84% 83% • 38-member direct sales force in Kuwait 81% 82% 80% Key Stats - Egypt (as at 31st December 2017) • 39 branches and 126 ATMs across major cities 2015 2016 2017 Sep 17 Sep 18

Note: (1) International results included under Commercial Banking, Retail Banking and Treasury & Investment based on segmental regrouping undertaken by the bank in 2017 14 Treasury and Investments & Ahli Capital

Treasury and Investments

• The Group’s Treasury manages the Group’s assets and liabilities and liquidity 1 requirements under the supervision of the Assets and Liabilities Committee Segment Assets (KD million)

• Manages the money market books and money market funding positions for the Group’s own account to fund its domestic and international foreign- currency assets;

• Undertakes a range of foreign exchange business, across both spot and forward markets, largely on behalf of the Group’s customer base, and conducts a limited amount of proprietary foreign exchange trading within 1,287 the constraints of what the Group considers to be prudent risk guidelines; 1,046 1,089 1,036 and 969

• Maintains a portfolio of Kuwaiti government treasury bills and bonds to meet relevant CBK requirements and to manage surplus domestic currency liquidity 2015 2016 2017 Sep 17 Sep 18 • The Group’s investment unit is responsible for managing the Group’s fixed income proprietary portfolio with the objective of realising income while minimizing the risk of default

Ahli Capital • Established in June 2006 to be the main investment arm of the Group • Currently manages the Al Ahli Kuwaiti Fund and the Al Ahli Gulf Fund and also manages client investment portfolios. As at 31st December 2017, Ahli Capital had KD 410 million assets under management • The Al Ahli Kuwait Fund aims to achieve capital growth through active investment management, targeting the securities of companies listed on the Kuwait Stock Exchange • The Al Ahli Gulf Fund aims to achieve capital growth through investment in the securities of companies listed on GCC stock exchanges • Ahli Capital has recently partnered with BlackRock to manage Ahli International Multi – Assets Holding Fund which aims to provide long term capital appreciation while diversifying risk globally with International investment spread across different asset classes

Source: ABK Note: (1) International results included under Commercial Banking, Retail Banking and Treasury & Investment based on segmental regrouping undertaken by the bank in 2017 15 International operations

The Group’s International operations encompass the operations of its UAE branches and its ABK Egypt subsidiary contributing 22% of Operating income and 20% of assets

Al Ahli Bank of Kuwait in the UAE Operating Income1 (KD million) • First Kuwaiti bank in the UAE and currently has three branches, located in Dubai, Abu Dhabi and DIFC, respectively • Operating for over 40 years in Dubai where its branch was originally opened to support the needs of Kuwaiti businesses in Dubai • Abu Dhabi branch opened in 2009, since then the Group has expanded its UAE activities to provide retail deposit taking services to customers in the UAE, as well as a range of financing and treasury solutions to corporate customers 37 • DIFC Branch opened in April 2018 32 28 24 15 Al Ahli Bank of Kuwait - Egypt • Acquired Piraeus Bank Egypt in November 2015, since renamed Al Ahli Bank of Kuwait – 2015 2016 2017 9M 17 9M 18 Egypt • Provides revenue and asset diversification and an opportunity to leverage economic links Total Assets1 (KD million) between Kuwait and Egypt • Higher margins and growth rate potential in Egypt vis-à-vis Kuwait • 39 Branches and 126 ATMS spread across major cities in Egypt as of 31st December 2017 • ABK Egypt CAR is 17.04% (in accordance with Basel II) as of 31st December 2017 • Over 154,000 retail customers as of 31st December 2017 • Retail Banking accounts for 40% of total deposits and 29% of total loans as of 31st 958 December 2017 835 875 851 799 • Corporate Banking accounts for 60% of total deposits and 71% of total loans as of 31st December 2017 • Assets attributable to ABK Egypt constituted 8.7% of the Group’s total assets as of 31st December 2017 2015 2016 2017 Sep 17 Sep 18

Note: (1) International results included under Commercial Banking, Retail Banking and Treasury & Investment based on segmental regrouping undertaken by the bank in 2017 16 Agenda

Page # Section 1 Introduction to ABK & Key Highlights 4x

Section 2 Kuwait Country and Banking Snapshot 7x

Section 3 ABK Strategy and Business Overview 12x

Section 4 Financial Performance 18x

Section 5 Appendix 22x

17 Loans portfolio, Funding and Liquidity

Gross Maximum Exposure by Credit Risk1 Loan Growth (KD million) (as at 31 December 2017)

7.1% 16% 6.5% 6.8% 6.8% 22% 5.9% 9%

509 536 587 622 363 2,538 2,493 2,488 2,500 13% 2,059 22% 2.5% 2.3% 2.6% 2.0% 1.7% 18% 2014 2015 2016 2017 Sep 18 Personal Government and related entities Corporate and Banks Retail Non Performing Loans Ratio Provision for credit losses Construction and real estate Banks and financial institutions Trading and manufacturing Others Maturity Profile for Liabilities Funding Profile (KD million) (as at 31 December 2017) 4,519 4,251 4,190 4,258 666 3,420 556 555 572 150 150 562 25% 28% 558 1,199 735 596 924 3,141 2,496 2,900 2,939 1,938

47% 2014 2015 2016 2017 Sep 18 Customer Deposits Due to banks and other financial institutions Less than one month One month to one year Over one year Medium term notes Equity 2

Note: (1) Gross Maximum Exposure includes Loans and advances, Inter bank placement, Investments and Un-funded exposures (2) Attributable to shareholders of the Bank excluding non-controlling interests and includes Perpetual Tier 1 capital securities of KD 91m issued in Sep 18 18 Operating Performance

Operating Income (KD million) & Cost to Income (%) Breakdown of Operating Income

39.4% 37.7% 38.0% 37.9% 10% 5% 29.8% 32.0% 7% 21% 19% 12% 8% 20% 9% 20% 20% 18% 147.5 157.0 128.5 117.6 114.7 126.8 74% 72% 72% 73% 71% 70%

2014 2015 2016 2017 9M 17 9M 18 2014 2015 2016 2017 9M 17 9M 18

Operating income Cost to income ratio (%) Net interest income Net fee and commission income Other income¹

Profitability (KD million) Operating metrics (%) 32.0% 6.8% 6.3% 6.7% 23.6% 5.5% 5.8% 5.8% 22.0% 22.7% 21.4% 19.3%

37.6 32.5 35.7 30.4 27.2 22.1 1.10% 0.80% 0.80% 0.82% 0.75% 0.86%

2014 2015 2016 2017 9M 17 9M 18 2014 2015 2016 2017 9M 17 9M 18

Net profit Net profit margin RoAA RoAE

Note: (1) Includes Net foreign exchange gain, Net (loss)/gain on investment securities , Dividend income, Share of results of associate & Other income 19 Capitalisation Overview

Capital Adequacy Ratio Regulatory Capital (KD, million)

Basel II Basel III 669

650 43 26.9% 600 576 562 23.7% 555 546 25.3% Acquisition of ABK 550 40 23 38 626 Egypt 513 38 22.7% 500 30 531 535 18.9% 508 524 17.2% 17.7% 482 17.2% 450 17.7% 2013 2014 2015 2016 2017 Sep 18 16.5% 16.0% 16.0% Tier 1 Tier 2 capital 13.0% 12.0% 12.5% 13.5% 13.5% Key Central Bank of Kuwait Regulations & Requirements* 11.5% 11.5% 11.0% 10.0% 10.5% Common Equity Tier 1 9.5% 2013 2014 2015 2016 2017 Sep 18 Tier 1 Capital Ratio 11.0% Capital Adequacy Ratio 13.0% Min Required Tier 1 Min. Required CAR* Tier 1 CAR D-SIB surcharge 0.5%

• *Excluding D-SIB charge. The Group has been designated as a domestically systemic important Equal to at least 100% on an ongoing basis Net Stable Funding Ratio st bank (“D-SIB”) with an additional Common Equity Tier 1 D-SIB surcharge of 0.5 per cent. required effective from 1 January 2018 from 31 December 2016. As a result, the Group’s total minimum capital requirement from that Minimum of 70% which will later reach 100% Liquidity Coverage Ratio date is 13.5 per cent., which includes a capital conservation buffer. by 2019 • The principal factor behind the Group’s falling capital ratios in 2015 was the significant increase Loan to Deposit Ratio Capped at 90% in its risk weighted exposures, reflecting the increase in its portfolio of loans and advances in Total ratio of securities portfolio shouldn’t 2015 and to a lesser extent a decrease in the available capital as a result of the Acquisition. 2018 Investment Limits Capital ratio increase is driven by issuance of Additional Tier 1 capital securities of KD 91m exceed 50% of bank’s capital

20 Agenda

Page # Section 1 Introduction to ABK & Key Highlights 4x

Section 2 Kuwait Country and Banking Snapshot 7x

Section 3 ABK Strategy and Business Overview 12x

Section 4 Financial Performance 18x

Section 5 Appendix 22x

21 Balance Sheet Based on consolidated IFRS financials

Dec-14 Dec-15 Dec-16 Dec-17 CAGR Sep-17 Sep-18 (KD, 000) (%) Assets Cash and balances with banks 144,825 432,173 494,678 495,519 50.7% 445,961 783,147 Kuwait Government treasury bonds 279,831 204,246 223,142 344,590 7.2% 345,595 249,733 Central Bank of Kuwait bonds 221,228 179,713 173,715 125,595 (17.2%) 140,559 115,040 Loans and advances 2,422,297 3,047,143 3,029,384 3,075,065 8.3% 3,066,214 3,122,496 Investment securities 345,011 343,809 237,905 182,545 (19.1%) 172,294 223,649 Investment in an associate 14,865 16,572 18,263 19,556 9.6% 19,118 20,882 Premises and equipment 33,826 53,125 46,695 53,675 16.6% 51,368 54,957 Intangible assets — 41,217 17,698 17,294 n.m. 17,473 16,918 Other assets 37,156 41,066 43,333 47,887 8.8% 41,931 39,886 Total assets 3,499,039 4,359,064 4,284,813 4,361,726 7.6% 4,300,513 4,626,708 Liabilities and shareholders’ equity Liabilities Due to banks and other financial institutions 923,752 1,199,192 734,771 596,444 (13.6%) 514,052 561,631 Customers’ deposits 1,938,297 2,496,278 2,899,908 2,939,349 14.9% 2,979,713 3,140,864 Medium-term borrowing — — — 149,712 — 150,488 150,481 Other liabilities 78,642 107,135 94,331 103,482 9.6% 93,588 106,678 Total liabilities 2,940,691 3,802,605 3,729,010 3,788,987 8.8% 3,737,841 3,959,654 Shareholders’ equity Share capital 161,917 161,917 161,917 161,917 — 161,917 161,917 Share premium 108,897 108,897 108,897 108,897 — 108,897 108,897 Treasury shares (2,303) (4,528) (4,958) (5,053) 29.9% (5,003) (5,053) Reserves 289,837 289,314 289,301 306,249 1.9% 296,155 309,762 Equity attributable to shareholders of the Bank 558,348 555,600 555,157 572,010 0.8% Perpetual Tier 1 Capital Securities ------90,750 Non-controlling interests — 859 646 729 706 781 Total equity 558,348 556,459 555,803 572,739 0.9% 562,672 667,054 Total liabilities and shareholders’ equity 3,499,039 4,359,064 4,284,813 4,361,726 7.6% 4,300,513 4,626,708

22 Income Statement Based on consolidated IFRS financials

2014 2015 2016 2017 CAGR 9M’17 9M’18 (KD, 000) (%) Interest income 111,829 127,003 179,408 188,965 19.1% 138,338 161,745 Interest expense (27,469) (32,610) (70,222) (76,533) 40.7% (55,441) (71,676) Net interest income 84,360 94,393 109,186 112,432 10.0% 82,897 90,069 Net fee and commission income 22,030 25,228 30,317 29,047 9.7% 22,628 23,044 Net foreign exchange gain 2,973 3,134 3,970 4,625 15.9% 3,452 4,409 Net (loss)/gain on investment securities 1,860 (1,008) (2,549) 4,943 38.5% 461 4,010 Dividend income 2,671 3,478 2,162 1,999 (9.2%) 1,797 2,551 Share of results of associate 1,976 2,506 2,571 2,173 3.2% 1,736 2,206 Other income 1,740 801 1,860 1,773 0.6% 1,735 514 Operating income 117,610 128,532 147,517 156,992 10.1% 114,706 126,803 Staff expenses (22,181) (25,608) (34,236) (34,161) 15.5% (24,342) (26,211) Other operating expenses (11,524) (13,849) (19,435) (21,182) 22.5% (16,532) (18,251) Depreciation and amortisation (1,366) (1,729) (4,417) (3,835) 41.1% (2,653) (3,647) Operating expenses (35,071) (41,186) (58,088) (59,178) 19.1% 43,527 48,109 Operating profit for the year 82,539 87,346 89,429 97,814 5.8% 71,179 78,694 Net gain from business combination — 8,005 — — n.m. - - Provisions on credit facilities General (21,604) (43,993) (21,488) (25,336) 5.5% Specific (20,196) (14,686) (29,325) (32,186) 16.8% Net impairment on investment securities and others (581) (2,750) (1,626) (431) (9.5%) Profit for the year 40,158 33,922 36,990 39,861 (0.2%) 24,820 30,259 Directors’ fees (360) (480) (375) (495) 17.8% - - Taxation (2,212) (3,074) (4,103) (3,616) 11.2% (2,659) (3,136) Net profit for the year 37,586 30,368 32,512 35,750 (1.7%) 22,161 27,123 Attributable to: Shareholders of the Bank 37,586 30,360 32,472 35,661 (1.7%) 22,094 27,058 Non-controlling interests — 8 40 89 n.m. 67 65

23 Awards and Accolades

‘Bank of the Year’ by Arabian Business for three consecutive years

‘Best Commercial Bank in Kuwait’ for three consecutive years and ‘Best New Brand in Egypt 2017 ’ & Fastest Growing Bank in Egypt 2017

‘Best Bank Transformation in the Middle East’ by Euromoney

‘Deal of the Year’ by The Banker – an FT Affiliate

‘Best Retail Bank in Kuwait’ by Asian Banker for three consecutive years

‘Employer of the Year’ by NASEBA for two consecutive years

One of the top 10 safest banks in Middle East by Global Finance for two consecutive years

‘Best Brand in Egypt’ and ‘Fastest Growing Bank in Egypt’ by International Finance Magazine

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