Shamal Az Zour Al Oula Power and Water KSC Public : Analyst Conference for Q4 of 2022

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This confidential document is provided for informational purposes only. 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 IN ANY JURISDICTION. IT IS SOLELY FOR USE AT AN INVESTOR PRESENTATION AND IS PROVIDED AS INFORMATION ONLY. THIS PRESENTATION DOES NOT CONTAIN ALL THE INFORMATION THAT IS MATERIAL TO AN INVESTOR. THIS PRESENTATION HAS BEEN PREPARED BY AND IS THE SOLE RESPONSIBILITY OF Shamal Az-ZourAl-Oula KSCP ("THE "COMPANY").

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You must not place any reliance for any purpose whatsoever on the information contained in this document. No representation or warranty, express or implied, is given by or on behalf of Shamal Az- Zour Al-Oula KSCP or any other person as to the accuracy or completeness of the information or opinions contained in this document and no liability whatsoever is accepted by Shamal Az-Zour Al- Oula KSCP or any other person for any loss howsoever arising, directly or indirectly, from any use of such information or opinions or otherwise arising in connection therewith.

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This information may be modified and supplemented at any time. However, it should not be relied on for the purpose or entering into any transaction. Without the Company's written consent, this presentation may not be copied in whole or in part. It may also not be distributed or transmitted to anyone else. This presentation and the views expressed therein are the sole responsibility of the Company. They are subject to revision without notice. To assist recipients in evaluating the matters discussed herein, all projections, valuations, and statistical analyses have been provided. These projections, valuations and statistical analyses may be based on subjective assumptions. They could also use different methodologies to produce different results. This material does not constitute a recommendation for an investor to subscribe for or buy securities. This presentation does not cover all risks and significant issues associated with any investment in securities or transactions. Past performance does not necessarily indicate future results. The Company does not have any obligation to keep the information updated. The accuracy and completeness of this presentation is not subject to any claim against the Company or anyone else. Any person cannot give or make any representation or provide any information not included in this presentation. If such information or representation is given or made, it must not be taken to mean that the Company has authorized them to do so. This presentation is not intended to be an offer, an agreement or solicitation of an agreement to enter into any transaction (including any provision of services). It is not possible to guarantee that such transactions will or can be arranged. Forward-looking statements may be made in certain statements contained in this presentation. These statements are based on the expectations of the Company and can be affected by risks and uncertainties. These forward-looking statements should not be relied upon. The Company is not obliged to revise its views on such risks and uncertainties, or to publicly announce any revisions to forward-looking statements.

This document may contain forward-looking statements which, by their nature, involve a number of risks, uncertainties and assumptions that could cause actual results or events to differ materially from those expressed or implied by these statements. These risks, uncertainties and assumptions could adversely affect the outcome and financial effects of the plans and events described within this document. In particular, actual results may be adversely affected by future developments affecting inflation, interest rates, taxation, social instability or other economic, political or diplomatic or other matters. Forward-looking statements contained in this document that reference past trends or activities should not be taken as a representation that such trends or activities will continue.

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