[PPT] - Inv Investo stor Pr Presentation on Co Cont ntent nt In PowerPoint Presentation

SLIDE 1

Inv Investo stor Pr Presentation

n

SLIDE 2

Co Cont ntent nt

In

Introduction t to C Capi pital B Bank 3

Financial Highlights

12

Macroeconomic Updates

25

Subsidiaries at a Glance

31

SLIDE 3

Po

Political s stability

Op

Openne nness to global eco economy

In

Inte ternati ational al AML an and co compliance s ce standa dards ds

We

Well regulat ated ban anking se sector

A l

A lea eading f financi cial hu hub in the the Middle Ea East

Hom

Home for

r re

region

nal

l bl blue chip ip

rg
rganization
ns

§

A fu full ll fle fledged ba bank of

fferi

ring a wi wide ra range of

f co

commer erci cial an and co corporate ba bankin king, re retail an and pe pers rson

nal ba

bankin king, tr treas asury ac acti tiviti ties, an and ot

ther an

ancillar ary prod products

§

Wi Wide sp spectrum of

f in

investment ba bankin king se services in in Jo Jordan, Ir Iraq aq an and Du Dubai thr through it its fu fully lly-

w
wned su

subsi sidiaries Ca Capi pital In Investm tments ts an and Ca Capi pital Ba Bank Cor Corpor porate Ad Advi visory (D (DIFC)

§

St Strong le leaders rship te team am wi with su successf ssful tr trac ack re record

rd co

combining de deep root roots in in re region

nal

ma markets wi with gl global ex exper erien ence ce

§

Awa Award-wi winning, fa fast-gr growing SM SME bu busin iness

§

La Larg rgest re renewable le en ener ergy le lender am among it its pe peer gr group*

§

Th The on

nly

ly Jo Jordanian ba bank wi with pre presence in in Ir Iraq aq

§

De Deeply ply root rooted co corporate go governance, co compliance ce an and AM AML st standards

§

St Strong re rela lation

nships

ps wi with the the ba bankin king se sector’s re regula lators

rs

§

Wi Wide an and wel well di diversified sh shareholders’ s’ ba base wi with no no ph physical or

r le

legal pe pers rson

n pos

possessing mo more than than 10 10% of

f the

the ba bank’ k’s sh shares

3

Ca Capital B Bank a at a a G Glance

Hi

High grow rowth econ

nom
my
Wo

World’s ’s 4th

th la

larg rgest oi

il

l re reserv rve

At

Attract ctive d ve dem emographics cs

Eno

Enormous us recons nstruc uction n

pport
pportunity

Ira Iraq Jo Jordan

UA UAE

A A Leading Jordanian Commercial Bank Wi With a a Uni niqu que Pr Presenc nce in n the Ira Iraqi and d UAE Mark rkets ts

So Sources: Capital Bank financial statements, Department of St Statistics

Ba Bala lance Sh Sheet De Decomp mpositi tion (20 (2017)

OtherAssets Bond Portfolio 7% 23% Loan Book 46% Interbank 10% Cash and Cash Equ. 14% 16 16% 15 15% 10 10% 7% 7% La Larg rgeCo Corporate Mo Mortgag age S ME s 53 53% R etail Go Govern rnment

Ba BalanceSh Sheet Lo LoanBook Book

JOD mm 2011 2012 2013 2014 2015 2016 2017 CAGR Loan Book 655 623 676 794 910 970 921 5.8% Customer Deposits 888 961 1,140 1,234 1,345 1,225 1,217 5.4% Gross Income 54 81 79 92 76 94 93 9.6% GDP CAGR 2.6%

Fi Financial Pe Performance

*Pe *Peer gr group con consists of

f al

all ba banks ks li listed d on

n Am

Amman St Stock Ex Exchange ex excep cept fo for r Ar Arab Ba Bank an and the the Hou Housing Ba Bank fo for r Tr Trade an and Fi Finance So Sources: Ca Capital Ba Bank fi financial l st statements, s, Department of

f St

Statistics

SLIDE 4

Cor Corpor

rate

e & Com Commer ercia cial Bankin king In Investm tment t Ba Banking

Pa Paren ent Su Subs bsid idia iary Su Subs bsid idia iary Su Subs bsid idia iary Jordan Iraq Jordan Dubai Publicly Listed on Amman Stock Exchange Publicly Listed on Iraq Stock Exchange Private Private Founded in 1995 Shareholders’ equity of JOD349 million as at end December 2017 One of the leading financial institutions in Jordan with nationwide presence Universal offering focused on top tier corporates, high net worth individuals & upper mass retail clients 4th largest bank in Jordan in terms of paid-up capital at JOD200 mm Founded in 1995 Shareholders’ equity of JOD159 million as at end December 2017 Comprehensive array of banking solutions for corporate and retail customers across all regions in Iraq One of a handful of banks accepted by the government for public sector employee salary transfers The largest FX player among private sector banks Spun off from Capital Bank as a separate legal entity in 2005 Market leader in M&A, capital markets, brokerage, asset management and research Experienced team committed to delivering innovative financial solutions and developing new products and services to meet the evolving needs of the firm’s clients Established in 2014 Supports the investment banking activities of the bank through arranging debt and equity placements and providing transaction advisory services Supports the commercial banking services of the bank in the region Social Security Corporation: 9.3% IFC: 6.9% Family groups: 37.3% Capital Bank: 61.8% Capital Bank: 100% Capital Bank: 100%

Par Parent C Compan any an and Subsi Subsidiar aries

En Entity Cou Country Ow Owne nership ip Hig Highlig ights Sh Shareholders

So Source: Capital Bank, Se Securities Depository Commission

4

SLIDE 5

Synergies

Capital Bank acts as NBI’s gateway to

the world providing strong management support

Leader in trade finance and transfers

between Jordan and Iraq

Bankers for Jordanian and Iraqi

businesses as well as HNWIs residing in Jordan and Iraq

Skills transfer
Provider of investment banking services in Iraq
Facilitate cross-investment between Iraq and Jordan
Brokerage platform to serve Iraqis looking to access global

markets

Access to brokerage platform in Iraq for Jordanian

customers

Access to regional deals
Ability to source

regional talent

Marketing NBI services

in the wider region

Participation as financier for deals

arranged by investment bank

Wealth management and brokerage for

individuals

Bespoke advisory for HNWI and

corporate customers

Leverage investment and commercial

banking relationships

Int Intergr group S Syne nergi gies

5

SLIDE 6

Str Strateg ategic Mi Milesto lestones es

1995 2005 2009 2011 2014 2017

Capital Bank was first established as the Export & Finance Bank with an authorized capital of JOD20 mm National Bank of Iraq established as a publicly traded private bank in Iraq with a paid up capital of JOD0.24 mm Capital Bank acquired 59% stake in National Bank of Iraq Capital Investments spin off from Capital Bank as a fully owned subsidiary. Capital Bank took an active role in managing National Bank of Iraq Capital Investments managed and arranged the first Islamic Sukuk issuance in Jordan Capital Bank recognized as “The Fastest Growing Bank in Jordan” by the Banker Middle East Industry Awards Entry of strategic partners to National Bank of Iraq (Cairo Amman Bank, PalTel, Foursan Group) Capital Bank Corporate Advisory (DIFC) established to support Capital Bank’s investment banking activities in Jordan, Iraq, and the GCC New strategy direction with focus on digital banking

1st

SME Bank in Jordan Best Premium Card Program

6

SLIDE 7

Pe Peer An Analy alysi sis s (Dec ec 201 017)

4 8 13 13 13 13 16 16 17 17 27 27 27 27 30 30 35 35 46 46

Jo Jorda danCo Commercial Ba Bank So SocieteGe Genera rale AB ABCBa Bank Ah Ahli Ba Bank In Invest Ba Bank Ar Arab Jo Jorda dan In InvestmentBa Bank Jo Jorda dan Kuw Kuwait Ba Bank Ca Cairo AmmanBa Bank Et Etih ihad Ba Bank Ba Bank of

f Jo

Jorda dan

59 597 64 646 65 651 718 718 75 755 92 921 1, 1,447 1, 1,484 1, 1,538 1, 1,562 2, 2,084

AB ABCBa Bank In Invest Ba Bank So SocieteGe Genera rale Jo Jorda dan Co CommercialBa Bank Ar Arab Jo Jorda dan In InvestmentBa Bank Ba Bank of

f Jo

Jorda dan Ah Ahli Ba Bank Ca CairoAm Amman Ba Bank Jo Jorda danKuw Kuwait Ba Bank Et Etih ihad Ba Bank

65 654 67 676 97 971 1, 1,051 1, 1,082 1, 1,217 217 1, 1,75 750 1, 1,808 1, 1,846 1, 1,919 19 2, 2,691

AB ABCBa Bank In Invest Ba Bank Jo Jorda danCo Commercial Ba Bank Ar Arab Jo Jorda dan In InvestmentBa Bank So SocieteGe Genera rale Ca Cairo Am AmmanBa Bank Jo Jorda danKuw Kuwait Ba Bank Ba Bank of

f Jo

Jorda dan Ah Ahli Ba Bank Et Etih ihad Ba Bank

25 25 43 43 48 48 52 52 59 59 93 93 119 119 123 123 126 126 14 147 15 155

So SocieteGe Genera rale AB ABCBa Bank Jo Jorda dan Co CommercialBa Bank In Invest Ba Bank Ar Arab Jo Jorda dan In InvestmentBa Bank Ah Ahli Ba Bank Jo Jorda danKuw Kuwait Ba Bank Ca CairoAm Amman Ba Bank Et Etih ihad Ba Bank Ba Bank of

f Jo

Jorda dan

Lo Loans,Ne Net (J (JODmm) mm) Cu Custome merDe Deposits (J (JODmm) mm) Gr Gross ssIn Income (J (JODmm) mm) Ne NetIn Income (J (JODmm) mm)

6 6 6 4

So Sources: Am Amman St Stock Ex Exchange, ba banks’ ks’ fi financial st statements

7

SLIDE 8

Financing facilities for eligible trade

transactions

Credit limit and insurance scheme for

eligible trade finance transactions

Shari’a compliant export and

investment insurance

Credit limit to finance LCs, bills of

exchange and commercial invoices

Credit line, technical assistance,

access to global network of confirming banks

Credit line for trade finance activities
Guarantees 70% of loans granted to

SMEs

Guarantees a portion of loans granted

to SMEs

Credit facilities with relatively low

interest rates to finance eco-friendly projects

Trade finance guarantees and

revolving credit facilities for SMEs

Str Strateg ategic Par Partn tner er for Multi Multilater lateral al Fun unding Or Organ anizati ations

8

SLIDE 9

Shar Shareho ehold lding Str Struc uctur ture, e, Corporate ate Gover ernan ance e & Str Struc uctur ture

Shareholders (December 2017) Corporate Governance Structure

9.3% 8.5% 6.9% 5.0% 5.0% 5.0% 4.9% 4.4% 4.2% 3.0% 2.5% 1.2% 23.2% Sa'd AsimAbood Al-Janabi Social Security Corporation Said Samih Taleb Darwazah 8.0% International Finance Corporation Investments & Integrated Industries Plc Co Asim Abood SweilAl- Janabi Abdullah Sa'd AsimAl-Janabi Bassem Khalil Salem Al-Salem HotafInvestment Company Salah Al Deen MahmoudArafeh Al-Bitar Sa'd Abu Jabir & SonsCo. 1.3% 1.5% Mohammad Ali Khaldoun Sate'Al-Hosari

7. %

Mazen Samih Taleb Darwazah

8 . % Darhold Limited

Sara International Holdings ltd 2.4% Asim Sa'd Asim Al-Janabi Muhammad BinMisaed Bin Saif Al-Saif Others Black Pearl Global Opportunity Fund

Board of Directors

BoardCommittees

Corporate Governance Committee Audit C

mmittee

Board of Directors

Remuneration Risk C

mpliance

C

mmittee

C

mmittee

C

mmittee

ITGovernance Facilities C

mmittee

C

mmittee

Com Compliance ce Ri Risk Aud udit

Management Committees

Branch Properties and Risk ALCO Investment H R Procurement IT Steering Modernization Real Estate Management Committee Committee Committee Committee Committee Committee Committee Committee Inte tern rnati tion

nal

Bu Business Ins nsti tituti tion

nal

Ba Banking Con

nsumer

r Ba Banking Tr Treasury an and In Investm tment Op Operations

ns

St Strategy Fi Finance Hu Human Re Reso sources ces Le Legal

Structure and Composition

Chief Executive Officer

9

SLIDE 10

Ma Manage gement a and B d Board o d of D Direct ctors

Manag Management nt Bo Board rd of f Dire recto tors rs Name Position Nationality

Bassem Khalil Salem Al-Salem Chairman Jordanian Mazen Samih Taleb Darwazeh Vice Chairman Jordanian Social Security Corporation (Isam Abdallah Yousef AlKhatib) Member Jordanian Investment and Integrated Industries Co. Plc (Omar M. I. Shahrour) Member Jordanian Al Khalil Company for Investments (Khalil Hatem Khalil Al-Salem) Member Jordanian Hitaf Investment Company ("Mohammed Ali" Khaldoun Sati' Al-Husry) Member Jordanian Al-Jadarah Company for Real Estate Investment (Elseif, Sultan Mohammed M.) Member Saudi Omar Akram Omran Bitar Member Palestinian Reem Haitham Jamil Goussous Member Jordanian Ahmad Qasem Deeb Al-Hanandeh Member Jordanian Khalid Walid HussniNabilsi Member Jordanian Dawod M. D. AlGhoul Member Jordanian Mohammad Hasan Subhi Alhaj Hasan Member Jordanian

Name Position Nationality

Ala Attallah Qumsieh Chief Executive Officer Jordanian Ayman Omran Abu Dheim Head of InternationalBusiness Jordanian Ali Mohamed AbuSwai Treasurer Jordanian Manar Mohammad Alnsour Chief Financial Officer Jordanian Rania Mohamed Dweikat Head of Compliance Jordanian Rafat Abdullah Khalil Chief Auditor Jordanian Eyas Nazmi Khawaja Chief Operating Officer Jordanian Yasser Ibrahim Kleib Head of InstitutionalBanking Jordanian Falah Hasan Kokash Chief Risk Officer Jordanian Anton FrancisLolas Head of ConsumerBanking Jordanian Mohammed Abdul Karim Muaz Legal Counselor Jordanian Zeid Yahya Salah Head of Strategy Jordanian

10

SLIDE 11

Co Cont ntent nt

Introduction to Capital Bank

3

Fi

Financial H Highlights 12 12

Macroeconomic Updates

25

Subsidiaries at a Glance

31

SLIDE 12

221 243 324 345 324 334 349 337 50 100 150 200 250 300 350 400 2011 2012 2013 2014 2015 2016 2017 2018 888 961 1,140 1,234 1,345 1,225 1,217 1,248 200 400 600 800 1,000 1,200 1,400 1,600 2011 2012 2013 2014 2015 2016 2017 2018

656 623 676 794 910 970 921 891

200 400 600 800 1,000 1,200 2011 2012 2013 2014 2015 2016 2017 2018

1,396 1,607 1,887 2,062 1,986 2,007 2,000 1,965 500 1,000 1,500 2,000 2,500 2011 2012 2013 2014 2015 2016 2017 2018

Re Revenues a and C Cos

sts (

(JOD m mm) St Stock Pe Perf rform rmance As Assets and d Loans (JO JOD mm) De Deposits and Equ quity (JOD D mm) mm) 5. 5.8%

Ne Net Lo Loans

6. 6.2%

As Assets

5. 5.4% 4% 7. 7.9%

Cu Cust stom

mer

er Dep eposit

sits

Eq Equi uity Gr Gross Income

9. 9.6% 12 12.6%

Op Operat ating ing Exp xpens nses

*Indexed to 1.0

53.5 81.0 79.0 91.5 75.6 94.2 92.6 80.3 10 20 30 40 50 60 70 80 90 100 2011 2012 2013 2014 2015 2016 2017 2018

22.4 26.4 30.8 33.1 38.1 41.7 45.6 44.7

5 10 15 20 25 30 35 40 45 50 2011 2012 2013 2014 2015 2016 2017 2018

Sources: Capital Bank’s financial statements, Bloomberg

Pe Perfo forman ance Tr Trends

1.3 1.3 1.2 1.2 1.1 1.1 1.0 1.0 0.9 0.9 0.8 29 29-De Dec-16 16 29-Jan-17 28 28-Fe Feb-17 17 31-Ma Mar-17

30 30 Ap

Apr-17 17

31 31 Ma

May-17

32 32 Ju

Jun-17 17

33 33 Ju

Jul-17 17 31 31-Au Aug-17 17

30 30 Se

Sep-17

31 31 Oct-17 32 32 No

Nov-17 17

33 33 De

Dec-17 Ca Capital l Ba Bank AS ASE Ba BanksIn Index

6. 6.48x Ca Capital Ba Bank Pe Peer r Gro Group Me Median an Pe Peer r Gro Group Av Average 0. 0.54x

Va ValuationMu Multiples

PE PERa Ratio PB PBRa Ratio

14 14.57x 0. 0.91x 12 12.62x 0. 0.81x

Pr PricePe Performance

12

SLIDE 13

Re Resilient nt Ba Balanc nce S Sheet, Di Diversifi fied L Loan Bo n Book

579 579 52 529 15 155 15 155 116 116 14 148 112 112 96 96 98 98 69 69 200 400 600 800 1, 1,000 1, 1,20 200 2017 17 Government 20 2016 16 Reta tail il SME s Mo Mort rtgage La Larg rgeCor Corpor porate Re Resilient Ba Bala lance Sh Sheet Com Compos position

n of
f As

Asset ets Po Portfolio Ex Exposur ure Ge Gear ared to to Jo Jordan We Well Di Divers rsified Loa Loan Bo Book, wi with Fo Focus on

n

La Larg rge Cor Corpor porate In In 20 2017, gr gross lo loans co contract cted ed by by 6. 6.0% % ma mainly on the the ba back k of

f a

a 8.5% de decline ne in in the co corporatebo book

Direct Credit Facilities,46% Balances at Banks and FIs,10% Cash and Balances at Central Banks,14% Financial Assets at Amortized Cost,23% Other Assets,7% Inside Jordan,90% Large Corporate,53% Mortgage,16% Government,7% Retail,10% SM Es,15% Real Estate and Construction,26% Trade,21% Industrial,11%

Loa Loans We Well Di Divers rsified by by Ec Econo nomic Se Sector

Individuals, 9% Financial, 3% Other,3% Government,7% Tourism and Hotels,5% Agriculture,1% Stocks,5% Public Utilities, 7% Transportation,1%

8.

8.5%

14

14.3% 67 674 73 735 85 857 98 988 1, 1,061 997 997 200 400 600 800 1, 1,000 1, 1,20 200 2012 12 2013 13 2014 14 2015 15 2016 16 2017 17 Gr Gross lo loans gr grew at at 8. 8.2% % C A C A G R R dur during ng the the pe peri riod

d 20

2012-20 2017

Gr Gross Loans (JO JODmm) mm) Gr Gross Loans De Decomposition (J (JODmm) mm)

13

SLIDE 14

Diversified Liability Base Customer Deposits Skewed to Time Deposits Customer Deposits Well Diversified by BusinessSegment

Customer Deposits,77% Cash Margins,9% Dues to Banks and FIs,7% Borrowed Funds,7% Time Deposits,56% Current Accounts,34% Saving Accounts,5% CDs,4% Retail,58% Corporate,28% SMEs,8% Government,5%

Customer deposits continued to be dominated by term deposits and current accounts which together accounted for 91% of thetotal

703 687 415 416 54 60 52 54 200 400 600 800 1,000 1,200 1,400 2017 CDs 2016 SavingAccounts CurrentAccounts TimeDeposits

Customer Deposits Decomposition (JODmm)

961 1,140 1,234 1,345 1,225 1,217 200 400 600 800 1,000 1,200 1,400 1,600 2012 2013 2014 2015 2016 2017

Customer Deposits (JODmm)

During 2012-2017, customer deposits grew at a C A G R

f 4.8%. In 2017, customer deposits remained almost flat after declining by 9.0% in theprevious year

mainly due to the reallocation of government deposits from commercial banksto the unified treasuryaccountat the CentralBankof Jordan

Di Diversified Fu Fund nding ng Mi Mix

14

SLIDE 15

Government Bonds Maturity Profile (JODmm) 74

59

23 25 25

37

28

20

60 40 80 120 100 100 97 97% Invested in in Bo Bonds

Hi High h Qua uality ty Investm tment t Por

rtf

tfol

lio
Mainly Investe

ted in Gov

vernment

t Bon

nds

By Asset Class Bonds By Issuer

93 93% Sovereig ign

Bo Bonds ds Coupon Stru ructure re

10 100% Fixed Co Coupon

Source: Capital Bank’s Financial Statements * These bonds represent JOD – denominated government bonds classified under financial assets at amortized cost as at end-2018

Inv Investment nt S Securities Do Domina nated by by H High gh-Quali Quality ty G Gover ernmen ent B t Bonds

InvestmentSecuritiesstoodat JOD480million at the end of 2017
97%of the portfolio isinvestedin bondsissuedby

governments, government related entities, and corporates

79.4%of the bondsportfolioisinvestedin J

O D denominated sovereignbonds

Thevastmajority of bondsmature before the endof 2022
TheBond’sportfolio isdominatedby fixed couponbonds. Floaters makes

up only 3% of theportfolio

15

SLIDE 16

2011 2012 2013 2014 N P L Coverage Ratio(LHS)

He Healthy y Credit Quali Quality ty, , Str Strong Pr Provision Bui Build-Up Up Du During ng 20 2017 17

N PLRatio Impairment Allowances (JODmm) N PL CoverageRatio N PL and N PL Coverage Ratios

65.1

Non-Performing Loans (JODmm)

96.6 6.4% 9.8% 61.6 55.3 84.8% 63.8%

41.1% 52.6% 73.6% 79.4% 84.3% 84.8% 63.8% 16.5% 9.9% 6.7% 5.8% 5.8% 6.4% 9.8% 18% 16% 14% 12% 10% 8 % 6 % 4 % 2 % % 90% 80% 70% 60% 50% 40% 30% 20% 10% % 2015 2016 2017 N P L Ratio(RHS) 55.3 61.6 24.1 90 80 70 60 50 40 30 20 10 Beginning Balance Chargefor the Amounts Year WrittenOff F X Difference EndingBalance

Allowance for Loan L

s

s e s 2017 (JODmm)

17.7
0.01

2016 2017 2016 2017 2016 2017 2016 2017 The bank built substantial provisionsduring the year to address legacyaccounts

Source: Capital Bank’s financial statements

16

SLIDE 17

Source: Capital Bank’s financial statements

Liq Liquid id Balance Sheet, Stro rong Capit pital Buffers rs

Tier 1 Capital Tier 2 Capital

26.1%

17 23 198

+6.6%

211

C a s h and Equivalents / TotalA s s e t s

G r

ss L
an

s toDeposits

1,590 1,501 12.5%

Tier 1Ratio

14.1% 13.9%

Capital AdequacyRatio

15.2% 86.6% 81.9% 2016 2017

Risk Weighted Assets (J ODmm)

21.3% 21.3% 2016 2017

Capital Tier 1 and 2 (J ODmm)

13.9% 0.8% 0.8% 13.5% 13.0% 15.0% 14.5% 14.0% 15.5%

0.4%

C A R Evolution During2017

15.2% Beginning Tier 1 Capital Tier 2 Capital R W A EndingC A R C A R

C A R improved significantly during the year to reflect higher retained earnings and the release of a substantial portion ofNBI’s frozen balances heldwith the CentralBankof Iraq’sIrbil andAlSulaymaniah branches 2016 2017 2016 2017 2016 2017 2016 2017

17

SLIDE 18

2017 2018

Interest Income Interest Expense

Cost of Funds Up In line with Key Policy Rates NIMs Expanded During the Year Amidst Rising Yield on Interest Earning Assets

Ne

Net in interest in income fe fell by by 11.7% 11.7% y/ y/y du duri ring 20 2017 17

n
n the

the ba back of

f a

a 16 16.2% .2% in increase in in in interest ex expen ense e wh whic ich wa was dri drive ven by by ri rising in interest ra rates, as as cu custome mer r de deposits co contract cted sl slightl htly du duri ring the the ye year

As

As a a re result, NI NIMs co contract cted d by by 31 31 bp bps to to stand d at at 2.73 2.73% vs vs 3. 3.12% in in the the pr previo ious ye year

In

In Q4 Q4, the the ba bank nk ma managed to to pa pass on

n high

gher in interest ra rates to to bo borrowers, wit with the the yi yield on in interest ear earning as asset ets ex expan anding to to 5. 5.7% (a (annualized) d) vs vs 4. 4.9% in in Q1 Q1

Net Interest Income (JOD mm)

Source: Capital Bank’s financial statements

Hi Higher Interest Incom

me Despite Better Loa
an-to

to-De Deposit Ra Ratio

2016 2017 95.4 95.8

44.6
38.4

50.7 57.4

Net Interest Income Fell by 11.6% YoY on Higher Cost of Funds

18

SLIDE 19

Fe Fees an and Co Commissions ns Inc Income S Surge ged t to Of Offset set Fa Falling ng NI NII

7.6 8.7 8.1 2.8 0.3

2.0

0.0 2.0 4.0 6.0 8.0 10.0 12.0 Q42017 Q42016 Q32017 Dividend income from FA at FVOCI Gains from FA at FVP&L F Xprofits Fees and Commissions

8.3 9.1

0.5

20%

5.2%

Th

The dro drop in in ne net in interest in income wa was mo more tha than of

ffset

et by by the the in increase in in fe fees andco commi mmissions

Fe

Fees an and co commi mmissions in increased by by 32 32.4% y/ y/y y in in 20 2017, 17, in in li line e wit with the the ba bank nk’s di dire rect ction to to fo focus on

n no

non n fu funded in income, br bringi nging ng the the ne net in interest an and co commi mmission in income to to JO JOD8 D82.4 mi million, up up fr from JO JOD8 D81. 1.8 mi million in in the the pr previo ious ye year

Th

The in increase in in fe fees an and co commi mmissions wa was at attribut uted ed to to a a 15 15.0 .0% in increase in in in indir irect co commi mmissions an and 57 57.7% su surgein in ot

ther

er co commi mmissions

Fees and Commissions Income Gained Traction during2017

2016 JOD25.5 million 2017 JOD33.8 million

+32.4% Y

Y

Despite a 20% Drop in Q4, Non-Funded Income Improved during the year on Higher Fees and CommissionsIncome

55% 41% 46% 47%

10.4 Total JOD33.3mm

Direct Indirect Others

7%

7 % Direct Indirect Others 4

4

%

Total JOD35.1mm 24.4 31.6 8.5 3.3 40.0 35.0 30.0 25.0 20.0 15.0 10.0 5.0 0.0

5.0

2016 2017

J O Dmm J O Dmm

19

SLIDE 20

Co Cost t to Inc Income < 5 < 50%

20

2017 op

per

eratin ing exp expen enses ses of

f JO

JOD45. 5.6 mi million wa was up up 9. 9.2% ye year ar on

n ye

year ar, ou

utpacin

cing re revenue gr growth, re resulti lting in in a hi highe her cost cost to to in incom come ra rati tio of

f

49 49.2% 2% com compared ed to to 44. 44.3% 3% re recorde rded in in the the pr previous ye year ar

St

Staff exp expen enses ses in incr crea eased sed sig signif ific icantly to to JO JOD23.4 mi million, up up fro from JO JOD21.0 mi million in in 20 2016, and and com comprised ised 51 51.4% of

f to

tota tal op

per

eratin ing exp expen enses ses com compared ed to to 50 50.3% in in 20 2016

Ot

Other op

per

eratin ing exp expen enses ses of

f JO

JOD17.6 mi million wa was up up 7. 7.7% 7% com compared ed to to 20 2016

De

Depre reciati tion and and am amortizat ation (t (the sm smallest est com compon

nen

ent of

f op
per

eratin ing exp expen enses) ses) re recorde rded a sl slig ight in incr crea ease se to to re reach JO JOD4.6 mi million

com

compared ed to to JO JOD4.4 mi million du duri ring 20 2016

v

20

SLIDE 21 So Source: Capital Bank’s financial statements

Ba Balance Sheet (J (JOD mm) 20 2011 20 2012 20 2013 20 2014 20 2015 20 2016 20 2017 As Assets

Cash and Balances with Central Banks 124 206 282 325 345 261 283 Balances at Banks and Financial Institutions 163 80 124 148 185 166 194 Deposits with Banks 6 12 15 Financial Assets at Fair Value through P&L 41 15 11 15 3 4 3 Financial Assets at Fair Value through OCI 5 4 5 5 6 9 9 Direct Credit Facilities, Net 656 623 676 794 910 970 921 Financial Assets at Amortized Cost 312 371 505 555 377 451 468 Financial Assets Pledged as Collateral 4 166 109 37 Property, Plant, and Equipment 26 25 24 27 30 30 30 Intangible Assets 8 8 8 9 4 6 6 Deferred Tax Assets 7 7 7 8 8 11 10 Other Assets 50 102 129 125 101 99 76 To Total Assets 1, 1,39 396 1, 1,607 1, 1,887 2, 2,062 62 1, 1,986 2, 2,007 2, 2,000

Li Liabilities

Dues to Banks and Financial Institutions 124 83 103 169 46 143 108 Customer Deposits 888 961 1,140 1,234 1,345 1,225 1,217 Cash margins 58 70 105 143 116 145 145 Borrowed Funds 57 194 147 95 84 78 119 Subordinated Bonds 18 18 18 18 Secondary Loans 13 13 13 10 8 5 Sundry Provisions 11 5 12 25 17 Provisions for Expected Credit Loss on Off-BS Items

Income Tax Provisions

3 6 11 13 8 11 2 Deferred Tax Liabilities 1 1 Other Liabilities 22 33 42 35 24 24 25 To Total Liabilities 1, 1,17 175 1, 1,36 364 1, 1,56 562 1, 1,717 17 1, 1,662 1, 1,673 1, 1,651 51

Sh Shareholde ders rs’ Equity

Paid-Up Capital 150 165 165 182 200 200 200 Share Premium 1 1 1 1 1 1 1 Statutory Reserve 16 18 23 28 30 32 35 Volountary Reserve General Reserve 6 6 8 9 9 10 9 FX Translation Reserves 3 3 4 6

4
4

Fair Value Reserve

1
2
1
1
1
1

Equity Component of the Convertible Loans 1 1 1 1 Retained Earnings 29 31 64 57 31 40 51 Shareholders' Equity 204 223 264 282 269 278 292 NCI 17 19 60 63 55 56 58 To Total Equity 221 221 24 243 32 324 34 345 32 324 334 334 34 349

Co Cons nsolidated Ba Balanc nce S Sheet

To Total al Liab abilities an and Shar areholders' Eq Equi uity 1, 1,396 1, 1,607 1, 1,887 2, 2,062 1, 1,986 2, 2,007 2, 2,000

21

SLIDE 22 So Source: Capital Bank’s financial statements

In Income Statement (J (JOD D mm) 20 2011 20 2012 20 2013 20 2014 20 2015 20 2016 20 2017

Interest Income 70.6 81.6 99.8 108.7 100.3 95.8 95.4 Interest Expense

35.4
39.6
58
54.8
43.2
38.4
44.6

Ne Net Interest Income 35. 35.1 41 41.9 .9 41 41.8 .8 53. 53.9 57 57.1 57 57.4 50 50.7 Fees and Commissions 14.7 32.2 19.7 20.6 15.8 24.4 31.6 Ne Net Interest an and Fees Income 49 49.8 .8 74 74.1 61 61.5 74 74.5 72 72.9 81 81.8 82. 82.4 FX profits 1.5 1.5 2.8 2.3 5.3 8.5 3.3 Gains from FA at FV P&L 2.3 2.9 1.9

4.4
0.2

Dividend income from FA at FV OCI 0.1 0.1 0.1 0.1 0.1 0.3 0.4 Gains from FA at Amortized cost 0.1

0.1

0.1 0.1 0.5 Impairment of Finanicial Assets

0.5

Other income 2.5 3 11.6 12.7 1.7 3.5 6.3 Gr Gross P Profit 53. 53.5 81 81 79 79 91 91.5 75 75.6 94 94.2 92. 92.6 Employees compensation

11.7
13.1
15.5
16.2
18.1
21
23.4

Depreciation and amortization

2.8
3.4
3.6
3.6
3.8
4.4
4.6

Other Expenses

7.9
9.9
11.7
13.3
16.1
16.3
17.6

Impairment Loss on Seized Assets

2.8
2.5
3.5
0.5

1.4

0.2
0.2

Impairment of loan losses

15.8
27.9
0.9
7.7
8.8
8.7
24.1

Other provisions

10.5

5.5 5

0.1
19
16.5

8.6 To Total Expe penses

51.

51.5

51.

51.3

30

30.3

41

41.4 .4

64

64.5

67

67.1

61

61.3 Pre-tax Income 2 29.7 48.7 50.1 11.1 27.1 31.4 Tax Expense

0.6
7.7
11.7
13.8
10
11
4.1

Ne Net Income 1. 1.4 22 22 37 37 36 36.3 1. 1.1 16 16.1 27 27.3 Attributable to Shareholders 1 19.8 35.2 33.5 4.9 12.4 24.4 Minority Interest

0.4
2.2
1.9
2.8

3.9

3.7
3.0

Co Cons nsolidated Inc Income S Statement nt

22

SLIDE 23

So Source: Capital Bank

Su Summary Sh Sheet 20 2011 20 2012 20 2013 20 2014 20 2015 20 2016 20 2017

Key Key Ba Balance e Sheet eet Indicators (JO JOD mm) Total Assets 1,395.8 1,606.9 1,886.6 2,061.7 1,986.0 2,007.3 2,000.4 Loan Portfolio 655.9 623.3 676.4 794.4 910.5 970.5 921.0 Bond Portfolio 312.3 370.5 505.0 554.9 377.5 450.7 467.9 Total Liabilities 1,174.6 1,364.1 1,562.3 1,716.8 1,661.8 1,673.2 1,651.0 Customer Deposits 887.9 961.0 1,140.3 1,234.1 1,345.1 1,224.7 1,217.0 Key Key Income e Statem emen ent Indicators (JO JOD mm) Net Interest Income 35.1 41.9 41.8 53.9 57.1 57.4 50.7 Net Interest and Commissions Income 49.8 74.1 61.5 74.5 72.9 81.8 82.4 Gross Income 53.5 81 79 91.5 75.6 94.2 92.6 Net Income 1.4 22 37 36.3 1.1 16.1 27.3 As Asset Quality NPL Ratio (including IIS) 18.7% 12.1% 9.7% 8.5% 8.7% 9.4% 11.2% NPL Ratio (excluding IIS) 16.5% 9.9% 6.7% 5.8% 5.8% 6.4% 9.8% Provisions Coverage Ratio (excluding IIS) 41.1% 52.6% 73.6% 79.4% 84.3% 84.8% 63.8% Ca Capit ital Capital Adequacy Ratio 17.2% 19.3% 18.7% 18.8% 18.3% 13.9% 15.2% Tier I Capital Ratio 15.4% 18.0% 17.5% 16.5% 16.8% 12.5% 14.1% Ef Efficiency Ratios Cost to Net Interest and Commission Income 45.0% 35.5% 50.0% 44.4% 52.2% 51.0% 55.3% Cost to Gross Income 41.9% 32.5% 39.0% 36.2% 50.4% 44.3% 49.2% Li Liquidity R Ratios Utilization Ratio (gross facilities) 81.4% 70.1% 64.5% 69.4% 73.4% 86.6% 81.9% Utilization Ratio (net facilities) 73.9% 64.9% 59.3% 64.4% 67.7% 79.2% 75.7% Utilization Ratio (net facilities to total deposits) 42.9% 40.9% 48.6% 50.5% 46.5% 43.7% 47.2% Pr Profitability Ratios Net Interest Margin 2.9% 3.1% 2.7% 3.0% 3.1% 3.1% 2.7% ROaA 0.1% 1.5% 2.1% 1.8% 0.1% 0.8% 1.4% ROaE 0.7% 9.5% 13.1% 10.9% 0.3% 4.9% 8.0% Lo Loan B Book D Decomposition Retail 10.6% 13.7% 16.3% 13.7% 12.2% 10.5% 9.6% Mortgage 11.4% 14.4% 15.1% 14.9% 14.3% 14.6% 15.5% Large Corporate 71.7% 65.1% 61.5% 61.5% 55.3% 54.6% 53.1% SMEs 4.0% 4.6% 5.3% 6.2% 7.9% 11.0% 14.8% Government 2.3% 2.2% 1.9% 3.6% 10.3% 9.2% 6.9% Cu Customer Deposit its Breakdown Current Accounts 24.1% 29.4% 28.3% 33.4% 37.0% 33.9% 34.2% Saving Accounts 1.9% 3.0% 6.3% 5.0% 4.4% 4.4% 4.9% Time Deposits 70.1% 63.4% 61.4% 57.7% 54.3% 57.4% 56.4% Certificates of Deposit 3.8% 4.2% 4.0% 3.8% 4.3% 4.2% 4.5%

Gro Group p Key Metrics rics

23

SLIDE 24

Co Cont ntent nt

Introduction to Capital Bank

3

Financial Highlights

12

Ma

Macr croeco conomic c Updates 25 25

Subsidiaries at a Glance

31

SLIDE 25

Jo Jorda dan n Eco cono nomic mic Up Upda date

§ Su Subd bdued eco economic c gr growth to to pe pers rsist unde underpinne nned d by by ri rising in interest ra rates an and co contract ctionary fi fiscal l me measu sures.

s. Re

Real gr growth to to st stabilize at at3. 3.0%. § In Inflati ation to to pi pick up up on

nac

account t of

f the

the en envi visaged ed fi fiscalre reform forms an and ri rising en ener ergy a and fo food pri prices. § Cu Current ac account t de defici cit to to ex expand on

n

hi highe her oi

il

l pri prices and low lower r re remittances. . Th Thusfo fore reign cu curren ency cy re reserv rves sh should co continue e to to do downt ntrend.

nd. Op

Openne nness of

f

the the Af Africa canma market is is an up upside de ri risk. § Hou Househol

lds hi

high in indebt btedness, , co coupled ed wi with ri rising in inflatio ion an and in

int. ra

rates to to ad adversely y im impact co consumption. § Low Lower r co consumption an andhi highe her in int. ra rates to to re refle flect ne negatively on

n

co corporates es’ prof profitabili lity, li liquidity an and so solvency. § Th The tr treas asury y wi will de depend nd he heav avily y on

n

do domestic c bo borrowin ing to to roll roll ov

ver

r a a la larg rge st stockpile of

f de

debt an and to to fi finance a a c.

c. JO

JOD500 mi million de defici cit

8,119 7,715 8,496 9,219 9,638

7,949
8,813
8,467
9,039
15,000
10,000
5,000

5,000 10,000 7,070 15,000 2016A 2017B 2017E 2018B

2019B. 2020B
9,352 -9,542

Total revenues Total spending BudgetBalance 5,365 5,987 6,967 8,797 7,603 9,748 9,589 69% 69% 66% 65% 0% 20% 10% 30% 40% 50% 60% 70% 2,000 4,000 6,000 8,000 10,000 58% 54% 54% 12,000 80% 2010 2011 2012 2013 2014 2015 2016

Households Debt Debt to IncomeRatio

10% C AGR

Ri Rising In Inte terest ra rates Sp Spreads Com Compr pression

n

Ri Rising NP NPLs Sm Smaller Po Pool of

f

Cr Creditwor

rthy Cl

Clients In Increas ased Go Government t Le Lending Key policy rates Real GDPGrowth Households’ debt (JODmm) Central Government Budget (JOD mm) Inflation Amman StockExchange Im Impac act t on

n Ba

Banking Se Sector

2.5% 2.8% 2.6% 2.2% 2.2% 0.0% 0.5% 1.0% 1.5% 2.0% 2.5% 3.0% 3.5% 3.2% 2012 2013 2014

2015. 2016. 2017

4.5% 4.8% 2.9%

0.9%
0.8%

3.3%

2.0%
1.0%

0.0% 1.0% 3.0% 2.0% 4.0% 5.0% 6.0%

2012. 2013. 2014
2015. 2016

2017 Jan-12 Jun-12 Nov-12 Apr-13 Sep-13 Feb-14 Jul-14 Dec-14 May-15 Oct-15 Mar-16 Aug-16 Jan-17 Jun-17 Nov-17 5.0% 4.5% 4.0% 3.5% 3.0% 2.5% 2.0% 1.5% 1.0% 0.5% 0.0% O/N Window Rate R E P ORate 2,400 2,300 2,200 2,100 2,000 1,900 1,800 1,700 1,600 1,500 8 14 12 16 18 20 02-Jan-12 22-Apr-12 12-Aug-12 10/12/1012 08-Apr-13 29-Jul-13 27-Nov-13 25-Mar-14 16-Jul-14 13-Nov-14 12-Mar-15 05-Jul-15 01-Nov-15 22-Feb-16 15-Jun-16 18-Oct-16 09-Feb-17 04-Jun-17 04-Oct-17

P E Ratio (LHS)

10

General Index(RHS)

Ec Econo nomic Out Outlook

Sources: Central Bank of Jordan, Department of Statistics, Amman Stock Exchange, CapitalBank

25

SLIDE 26

So Sources: Jordan an Ban anking Associat ation, Central al Ban ank of Jordan an, Depar artment of St Stat atistics

Jo Jorda dania nian n Bank nking ing Sect ctor Lands ndsca cape

Central Bank of Jordan

21

Conventional Banks

4

Islamic Banks Foreign

13 Local 8 3

Local

1

Foreign Number of Bank Total Assets (JOD million) Total Deposits (JOD million)

13

Local conventional

4

Islamic

8

Foreign conventional

35,462

Localconventional

7,40 4

Islamic

3,489

Foreign conventional

29,424

Local conventional

7,039

Islamic

2,726

Foreign conventional Net Direct Credit Facilities (JOD million)

15,491

Local conventional

5,00 1

Islamic

1,142

Foreign conventional Assets Deposits

72% 23% 5%

Direct Credit Facilities

76% 16% 8% 75% 18% 7%

Islamic Foreign LocalConventional

CAGR Growth FY12 - FY16

Figures are as at December 31, 2016

5.4% 7.1%

Banking Sector Structure

6.5%

With an asset base equivalent to 176% of the country’sGDP,

the Jordanian banking sector acts as a key pillar in supporting the Jordanianeconomy.

The sector also accounts for over 57.1% of the total

market capitalization of the Amman Stock Exchange , emphasizing its dominance in theJordanian financial landscape.

The banking sector is generally well capitalized as per

C B J requirements

The Jordanian banking sector recorded prominent growth in

direct credit facilities, total assets, and deposits which grew by 6.5%,5.4%, and 7.1% respectively over the periodFY2012- FY2016.

The banking sector is predominantly controlled by two key

conventional banks, namely the Arab Bank and theHousing Bank for Trade and Finance. Together, they account for 34.5%

f total deposits, 27.5% of net credit facilities, and 34.5% of

total assets among conventional, Islamic, and foreignbanks.

The sector currently has 25 operating banks that are regulated

by C B Jand anumber of other regulatory bodies, 15 of which are listed on the ASE. These are broken down into 21 conventional banks and four Islamicbanks Overview

26

SLIDE 27

Jo Jorda dania nian n Bank nking ing Sect ctor: Market Upda date

31,800 33,400 33,200 33,000 32,800 32,600 32,400 32,200 32,000

Deposits (JODmm) Loans to DepositsRatio

+0.9%

Deposits grew modestly during 2017, undermined byheavy

utflows of public sectordeposits

21,500 22,000 22,500 23,000 23,500 24,000 24,500 25,000

Direct Credit Facilities (JODmm)

+8.0%

Key PolicyRates

Direct credit facilities grew at afaster pace than deposits underpinned by astrong increase in lending to the industrial sector The loans to deposits ratio increased significantly during2017 to reach 74.5%, up from 69.6% a yearearlier

5.0% 4.5% 4.0% 3.5% 3.0% 2.5% 2.0% 1.5% 1.0% 0.5% 0.0%

O/N WindowRate R E P ORate

TheCentral Bankof Jordanhiked interest rates 4 times during 2017 to preserve the attractiveness of the JOD and protect the USD JODpeg

76.0% 75.0% 74.0% 73.0% 72.0% 71.0% 70.0% 69.0% 68.0% 67.0% 66.0%

27

SLIDE 28

Given the shallowness of the banking sector, the government has previously sought to finance its fiscal deficits by indirectly monetizing them via the

Central Bank of Iraq (CBI). The government's approach will, however, gradually shift to conventional debt financing

Iraq has been issuing bonds on the local market since 2016, but in January 2017 it also sold US guaranteed bonds worth USD1bn on international

markets, and in August it sold its first independent sovereign bond since 2006, worth USD1bn, attracting strong interest

The IMF loan has also increased the willingness of other multilaterals to lend, as a USD1.5bn financing package approved by the World Bank in December

2016 demonstrated Eco Economic ic growth

OPEC and its allies extended output cuts until the end of 2018. The deal applies a quota of 4.35mm barrels/day (b/d) for Iraq, down from average

production of 4.42mm b/d in 2016, and a peak of 4.66mm b/d in Dec. 2016.

Iraq has not adhered fully to the quota given the semiautonomous nature of both the Kurdish region and IOCs. Iraqi compliance will improve now that

the government has better control over Kirkuk and KRG production

The conflict with the KRG will not result in a substantial cut in oil production
Oil production is set to grow by 1.0%-1.5% in 2018, to be followed by a 5-6% surge in 2019 as new capacity comes online from development work that

has partly continued during the period of the cuts

The non-oil sector will start to support growth as the rolling-back of IS adds to the size of the economy and a modest recovery in the government's

fiscal position allows for an easing of austerity measures Ba Banking g and monetary po policy

Plans to establish a deposit-guarantee fund should help to overcome some of the population's reluctance to deposit cash at banks
In March 2016 the CBI reduced its policy rate, from 6% to 4%, in response to weaker inflation, a shrinking money supply and a more stable Iraqi dinar

market rate

Policy rates will start to track those of the Federal Reserve rising in 2018 and 2019, before dipping again from 2020, in order to support the currency

Fi Fiscal policy

Growth to climb to an average of 2.5% to 3.5%

in 2018-2022 vs e.1.3% in 2017

Liquidity crunch to ease gradually
Political stability and reconstruction spending

will boost financial and trade activity

The deposits guarantee fund to increase

confidence in the banking sector

Greater engagement of multinational
rganizations will boost confidence in the

Iraqi market

Treasury bonds present an opportunity for

banks to deploy their excess funds

Ir Iraq E Econo nomic Up Update

So Sources: Economist In Intelligence Unit, World Bank

28

SLIDE 29

1990 1995 2000 2005 2010 2015

The Iraqi banking sector is split between government owned banks, local banks, and subsidiaries and branches of regional banks.
7 government owned banks currently dominate the Iraqi banking sector owning ~ 90% of total assets (December 2016).
37 banks are listed on the Iraq Stock Exchange.
Foreign branches operating in Iraq are mainly Turkish and Lebanese. Eight banks were established during 2016 (together they account for 0.8% of the sector’s total Assets).
58 Private banks, including the 18 Islamic banks, hold only 14% of deposits in Iraq (December 2016).
Bank of Baghdad is the largest private sector bank, possessing 0.6% of the sector’s total assets.

Ye Year Established Pr Private Bank St Stat ate Ban ank Ma Market t Sha hare below 1%

19 1935 19 1940 19 1945

1. 1.0%

Ag Agricultu tural Corporati tion Bank, 1.1%

10 10.0%

Tr Trade Bank of Ir Iraq, 11.3%

30 30.0% 50 50.0%

Ra Rasheed Bank, 27.7% Na National Bank of Iraq, 0.3% Ra Rafidain Bank, 47.9% Re Real Estate Bank, 1.0%

Ce Central Bank of Iraq St State Pr Private

7 58 58 1

Is Islamic Co Conventio ional

6 18 18

Is Islamic

40 40

Mar Market Shar are of Iraqi aqi Ban anks as as % of Total al Assets (201 016) 6) Ba Banking g Sector Structure

So Sources: s: ISX SX, , Central Bank of Iraq

Sn Snap apsho shot t of Iraqi aqi Ban anking Sec Secto tor

Co Conventio ional

29

SLIDE 30

Co Cont ntent nt

Introduction to Capital Bank

3

Financial Highlights

12

Ma

Macr croeco conomic c Updates 25 25

Subsidiaries at a Glance

31

SLIDE 31

Es Esta tablishe hed NB NBI Snap apshot

19 1995

Ca Capital l Bank k Ownership

62 62%

Em Employ

yees (2018)

34 343

Nu Number of Bran anches

10 10

St Strategic Sh Shareholders

NB NBI prov

vides

es cou

untry-wi

wide coverag age in Iraq aq wi with ten strat ategical ally locat ated bran anches in Bag aghdad ad, , Bas asra, a, Umm mm Qas Qasr, , Naj ajaf af, , Kar arbal ala, a, Mo Mosul as as we well as as the Kurdish re region in Erb rbil and d Sulaymaniah

Com Commercial al an and d Retai ail Ban anking St Strong Relat ationships with the Authorities AML AML and Complia iance Sta tandards Wh Whol

lly-Ow

Owne ned Brokerage Firm

In 2005, Capital Bank acquired a majority stake in NBI thus exercising control over operations. NBI is a publicly traded listed bank on the Iraq Stock Exchange and it delivers a comprehensive array of banking solutions to businesses and retail clients NBI is one of the few private sector banks accepted by the Iraqi government for public sector employee salary transfers Market leader in implementing stringent international money laundering and compliance regulations enforced by the Central Bank of Iraq and International correspondent banks of NBI Wahat Al Nakheel is a brokerage firm that is wholly-owned by NBI

Ad Advanced Fin Financia ial Re Reportin ting

NBI is one of the few banks in Iraq to impalement International Financial Reporting Standards (IFRS)

Na Natio iona nal Bank nk of Iraq

31

SLIDE 32

Eq

Equi uity capital markets

De

Debt capi pital l mark rkets

Me

Merg rgers rs and Acquisitions (“M&A M&A”)

Cor

Corpor porate restructuring

Cor

Corpor porate valuation

n
Pu

Public Pr Priva vate Pa e Partner ership ( (“PPP” PPP”)

Fi

Finan ancial al ad advisory

Is

Islam amic finan ance

Mu

Mult lti-As Asset et cl class s solutions

Fi

Fixed income funds

ME

MENA mark rket fu funds

St

Structured products

Sh

Sharia ia-co compliant p produ duct cts

In

Investm tment t ad advisory

Loc

Local, l, re region

nal

l & & intern rnation

nal

l ma markets

Eq

Equi uities

Tr

Treasuries and Corporate Bo Bonds

St

Structured products

Pr

Prec ecious m met etals

Se

Sector reports

Ec

Econo nomic reports

Ma

Mark rket re report rts

Ca Capital Inv Investment nts

32

SLIDE 33

Jo Jordan Dubai Islamic Ba Bank Ro Royal Jordanian

Ma Madfoo3atcom Ex Exclus usive strategic and fi financial l adv dvisor r fo for r a pri rivate pl placement of USD 6 mm for pu purchase of existing shares an and a a cap apital al rai aise AC ACWA A Power Fi Financial advisor in the the ac acqu quisition of ENARA, , owning 51 51% of f Central Electricity Ge Generati ting g Co. Jo Jordan Steel Hi Hikma Pharmaceu ceutica cals

Pu Public Offeri rings

Ru Rum T Tourism & & T Transport

Co Co-le lead mana nage ger for GBP 70 mm, mm, 51 mm mm sha hare IPO on Lo London St Stock E Exchange

Na National Bank of Iraq Fi Financial advisor and pl placement agent for 18.5% sale to to str trate tegi gic investo tor

Me Mergers an and Acqu quisitions

Th The Cons nsultant nt & Inv nvestment nt Co. Co. Fi Financial advisor for the the sale

f
f shares

es ow

wned

ed by major

rity

sh shareholders Jo Jordan Aircraft Maintenance Fi Financial advisor on sale of 80 80% % in Jo JorAMCo to to Dubai Ae Aerospa pace Enterpr prise Gr Grab A Gr Grub Ex Exclus usive financial advisor for a a privat ate plac acement of USD 3 mm mm for prima mary capital raise

Pri Private Capital

Fi Financial advisory & issue ma manager for JOD 8 mm mm sha hare re registra ration a and c capital i incre rease Ex Exclusi usive financial adviso sor to ce certain strategic c investors in co connect ction with the ca capital in increas ase Is Issue manager for 11 m 11 mm p public o

fferi

ring t to e existing sh shareholders Is Issue manager for JOD 22 mm pub public offering to exist sting sh shareholders

Ar Arab Potash Compa pany Ar Arranging the sale of Islamic De Develo lopment B Bank’s s stake i in Ar Arab Potash to Social Security Cor Corpor

ration
n

Jo Jordan Magn gnesia Company Ltd. Ex Exclus usive financial advisor to Jo JorMag on

n sale

e to

Ma

Mana naseer Gr Group Holding

Eq Equit uity Capit ital Markets

Jo Jordan Ahli Bank Ar Arranged sale of Ab Abraaj’s st stake in in Ahli i Bank k to the Socia ial Se Security Corporation (J (JD 20 20 mm) mm)

Ca Capital Inv Investment nts: S : Selected Tr Trans nsaction Tr n Track Re Record

33

SLIDE 34

Al Al Ra Rajihi Cem Cemen ent Le Lead d manager r & agent fo for r JOD 85 5 mm Sukuk Ali lijara ra Mu Munt ntahia Bittamilik

Is Islamic Fi Finance

Jo Jordan Telecom Fi Financial advisor alongs gside Me Merrill Lync nch in n the pr privatization of 40 40% of Jordan Te Telecom

Pri Privatization

Ma Mass Ene nergy Ex Exclus usive financial advisor and in invest stor for up to 25% in in the eq equity of

f the

e proj

ject

ect com company

Pro Project Finance Adv dvisory ry

Ph Pharmacy 1 St Strategic advisory

Bo Bonds St Strategic Adv Advisory

Jo Jordan Duty Fr Free Shops St Strategic advisory Al Al Sabeel St Strategic advisory Jo Jordan Phosphate Mines Co. Co Co-Le Lead d manager r fo for r USD D 25 mm mm and JOD 18 8 mm mm corporate bo bond Ca Capital bank of

f Jor
rdan

Is Issue manage ger for USD 25 mm cor corpor

rate

e bon

nd

Aq Aqaba Container Terminal Ar Arranger & agent for JOD 57 mm mm syndicated loan facility to fi finance expansion of f Aqaba Con Container er Ter erminal

Sy Syndi dicated d Loans

Ab Abraaj Buyout I Ar Arranger & agent for USD30 mm mm syndicated loan facility to fi finance acquisition of f 80% of f Jo JorAMCo In Indo-Jo Jordan Chemicals Co. Ar Arranger & agent for USD 42 mm mm syndicated loan facility to pr pre-pa pay outstanding debt to in int’l fin inancia ial in inst stit itutio ions Ar Aramex Ar Arranger & agent for JOD 30 mm mm syndicated loan facility and st stand-by by facil ilit ity to refin inance se senio ior & mezzanin ine debt bt Ay Ayla Oasis Developm pment Co Fa Facility ty & security ty age gent t for US USD 100 mm mm loan to finance the the development t & operati tion

f
f the

e first phase e of

f the

e Ayla Vi Village ge Al Al Nabil Compa pany St Strategic advisory

Ca Capital Inv Investment nts: S : Selected Tr Trans nsaction Tr n Track Re Record

34

SLIDE 35

Es Esta tablishe hed Fi Firm Sn Snapshot

20 2014

Ca Capital l Bank k Ownership

10 100%

Lo Locatio ion

Dub Dubai, , UAE

Se Selected Transactions

Ca Capital Bank Co Corporate Advisory supports the investment ba banking activities of Ca Capital Bank and its subs bsidiaries in Jordan Iraq q and nd the GCC

DF DFSA-Re Regulate ted In Investm stment t Ad Adviso isor Bes Best-in in-Cl Clas ass Adv dvice an and d Execution

n Excellence

Fin Financia ial Ad Adviso isory Servic ices Re Regio ional and Countr try Specif ific ic Ma Marke ket t Kn Knowledge

Capital Bank Corporate Advisory (DIFC) is a DFSA-regulated boutique client-centric investment and advisory firm that provides investment bank coverage in the GCC region The team is composed of experts with strong regional and international investment banking and private placement experience Deep expertise in mergers and acquisitions, recapitalizations and corporate restructurings with particular focus on raising growth capital for companies having a differentiated value proposition and an established market position enabling them to achieve their strategic goals Extensive knowledge of the market with practical experience across various sectors including: Pharmaceutical, Transportation, Real Estate, Consumer Products, F&B, Logistics and Distribution, Oil and Gas, IT and Financial Services Gr Grab A Gr Grub

Ex Exclusi usive financial adviso sor for a a priv ivat ate plac acement of USD D 3 mm mm for prima mary capita tal raise

Sp Sporter.com

Sa Sale of a contro rolling stake in Sp Sport rter. r.com to Gulf Capital

Ca Capital Ba Bank nk Co Corporate A Advisory ( (DIFC) DIFC) L Ltd.

35

SLIDE 36

Se Senior r Team Members rs

Bassem Al-Salem has been Chairman of the Board of Directors since April 2010. In this role, Al-Salem has re-directed Capital Bank’s attention towards a 21st century public entity, with particular emphasis on delivering innovative commercial and investment banking services to the Jordanian and Iraqi markets. Al-Salem has previously served as the Jordanian Minister of Labor and Minister of Finance consecutively (2005 – 2009). He is commended for introducing socio-economic policies that have contributed towards the creation of jobs in both the public and private sectors, as well as attracting businesses and investments to Jordan, while helping homegrown businesses

flourish. In addition to his duties as Chairman of the Capital Bank, Al-Salem is the Chairman of King’s Academy, a Jordanian-based boarding and day school focused on fostering social inclusion through delivering advanced

international arts and science programs, and offering need-based grants to families unable to cover the tuition. Al-Salem currently sits on the board of several prominent private and publicly listed companies, including General Mining Company and Delta Insurance. He has previously served as the chairman of the Association of Banks in Jordan (2012-2015), executive chairman of the Social Security Corporation (2005-2009), as well as a member of the Jordanian Senate (2010-2011). He started his career in Jordan’s private sector where he founded a number of manufacturing companies. Al-Salem holds a bachelor’s degree (with honors) in Chemical Engineering from Imperial College, United Kingdom. H. H.E. Mr.

r. Bassem Al-Sa

Salem Ch Chairman Al Ala Q Qumsieh eh Ch Chief Executive Officer Ala Qumsieh was appointed Chief Executive Officer as of March 2017. He joined the group after spending 17 years in leadership roles in International Financial Institutions in the region. In this role, Mr. Qumsieh leads the group

perating across Jordan, Iraq and the UAE offering Corporate Banking, Investment Banking, and Retail Banking services to customers in these three markets. Mr. Qumsieh brings with him extensive experience in banking with prime

emphasis on Institutional Banking and deep sectoral knowledge. Before Joining Capital Bank, he served as Citibank’s Chief Country Officer in Qatar and Head of Institutional Banking for Saudi Arabia, Qatar and Bahrain, where he was responsible for successfully driving and implementing the bank’s growth strategy. Before that, he held several leading positions in international banks. Mr. Qumsieh currently sits on the board of several prominent entities, and is part of Jordan’s Strategic Forum. Mr. Qumsieh holds a MBA degree in Strategic Management from Aston University, UK, and a Bachelor’s Degree in Business Administration from Yarmouk University in Jordan. He is the recipient of several specialized professional degrees.

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Di Discl claime mer

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