Slides
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Investor Presentation September 2026
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1 Table of Contents 1 Business Overview 2 Financial Performance Appendix
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1. Business Overview
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3 Dukhan Bank – At a Glance Leading Sharia compliant bank with a full suite of financial services Our Vision: Aim to be a bank of choice, preferred by customers for long-lasting partnerships, by shareholders for value creation, sought after by employees and renowned for service excellence September 2026 Awards and recognition Strong ownership structure Issuer Credit Ratings Channels Business segments Financial highlights 1 2 3 4 5 6 QAR 126.8bn Total assets RoATE1 12.1% (YE 20253: 11.3%) RoATA2 1.3% (YE 20253: 1.2%) Branches (incl. HO4) 9 ATMs 68 Digital e-channels 6 Total customers 150k+ 66.5% Founders (including Government 43.0%) 33.5% Other shareholders A2 / Stable A / Negative 19.1% CAR Net profit 9M’26 : QR 1,192.4 mn (+0.1% vs. 9M’25 of QR 1,191.6mn) Source: Company information. Note: All financial data as of 30 Sep 2026 1) Return on Average Tangible Equity (RoTE) : Net profit for the period (annualized) over average equity excluding intangible assets 2) Return on Average Tangible Assets (RoTA) : Net profit for the period (annualized) over average assets excluding intangible assets 3) RoTE & RoTA for FY 2025 is calculated using net profit before the effect of Pillar 2 tax. RoTE & RoTA for 9M 2026 is annualized based on the current period’s performance, actual RoTE and RoTA for the full financial year (FY 2026) may vary 4) HO: Head Office Wholesale Banking (Corporates, Govt. & Institutional) Retail & Private Banking Treasury & Investments Group Subsidiaries (Islamic financing products, asset mgmt. and inv. banking, leasing activities) #1 #1 Best Business Card Offering in the MENA – MEED (2026) #1 World’s Best Islamic Private Bank - Global Finance (2026) #1 Qatar’s Best Bank for Consumers - Euromoney (2025) Best Digital Transformation in the MENA Region – MEED (2025)
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1956 2000 2003 2004 2007 2014 2015 2016 2019 2021 IBQ established as the Ottoman Bank and first branch opened in Doha ANZ Grindlays acquired 40% stake SCB acquired ANZ and changed name to Standard Chartered Grindlays Bank Limited Standard Chartered sold its 40% shareholding in the Bank National Bank of Kuwait (NBK) acquired 20% stake Name of Bank changed to International Bank of Qatar NBK’s shareholding increased to 30% NBK sold its 30% stake Initial Rating awarded by Fitch & Moody’s Issued US$ 500mn under US$ 2bn EMTN programme 30% shares purchased by Govt. through General Retirement & Social Insurance Authority (GRSIA) Barwa Bank and International Bank of Qatar merger became effective on April 21, 2019 Govt. ownership 44.0% Dukhan Bank issued US$ 500m in its debut Additional Tier 1 (AT1) sukuk on July 7, 2021 listed on London Stock Exchange 4 Dukhan Bank – Rich and Versatile History Barwa Bank: Fastest growing sharia compliant Bank in Qatar with strong wholesale banking proposition Barwa Bank was founded on January 28, 2008 Barwa Bank obtains license to start operations Acquisition of The First Investor Acquisition of First Finance Company and First Leasing Company Acquired IBQ Al Yusr Islamic banking window QAR 1.7bn rights issue Govt. ownership 54.45% Khalid Al Subeai appointed as Group CEO Initial Rating awarded by Fitch & Moody’s Issued 4 private placements under US$ 2bn EMTN programme, with total size of US$ 605mn Barwa Bank rebrands into Dukhan Bank on October 7, 2020 Ahmed Hashem appointed as Acting GCEO Listing of the Bank on QSE in February 2023 DUBK inclusion in MSCI, FTSE & QSE Indices. Successfully issued a US$ 800 million 5-year senior unsecured Sukuk – the largest issue size achieved by a Qatari Islamic bank since 2020 2008 2009 2010 2011 2013 2015 2016 2020 2023 2024 BARWA BANK DUKHAN BANK INTERNATIONAL BANK OF QATAR (‘IBQ’) IBQ: Award winning best private banking in Qatar with generational trustworthy and reliable relationships
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Diversified revenue sources across segments Dukhan Bank – Overview Overview of Dukhan Bank Financial summary Note: All financial data as of 30 Sep 2026 (1) Customer deposits include equity of URIA holders & customer current accounts (2) Funding cost is the sum of finance costs & return to URIA holders (3) Excluding the impact of finance cost. In the published consolidated financial statements, the same is reduced to arrive at total income 5 Total income from financing and investing activities 35% 42% 20% 3% Wholesale Banking Retail & Private Banking Treasury & Investments Division Subsidiaries QR 4,232 mn 9M 2026 39% 41% 17% 3% QR 4,388 mn 9M 2025 Net profit: The Group reported a net profit of QAR 1,912.4 million for 9M 2026, reflecting a flattish year-on-year growth (+0.1%). Cost to income ratio (excl. income taxes): The Group maintained its efforts to enhance operational efficiency and build on revenue sources, leading to a cost to income ratio of 31.1%. Total assets: The Group’s total assets reached at QAR 126.8 billion, primarily comprising of financing assets of QAR 94.0 billion (74% of total assets) and investment securities of QAR 24.8 billion (20% of total assets). Liquidity: The balance sheet is mainly funded by customer deposits, which were QAR 90.0 billion at end of the period. The Group's liquidity remained robust, with net financing assets to deposits ratio of 99.0%. Equity: Total equity amounted to QAR 15.9 billion. CAR: The capital adequacy ratio (CAR) maintained at 19.1% in accordance with Basel III requirements, being adequately higher than the minimum supervisory ratio, as specified by the Qatar Central Bank. Net income from financing and inv esting ac tiv ities 3,972 5,624 6,279 5,811 4,388 4,232 -3.6% 13.5% Net fees and commission i ncome 211 256 256 325 250 266 6.3% 15.6% Total income (3) 4,452 6,095 6,790 6,372 4,822 4,720 -2.1% 12.7% Funding costs (2) (1,786) (3,651) (4,111) (3,542) (2,689) (2,460) -8.5% 25.6% Net banking income 2,665 2,444 2,679 2,830 2,133 2,260 6.0% 2.0% Ov erhead expenses (750) (807) (882) (943) (679) (704) 3.7% 7.9% Net operating income 1,915 1,637 1,797 1,887 1,454 1,556 7.0% -0.5% Net Impairment Charge (660) (333) (453) (474) (262) (363) 38.6% -10.4% Net profit before Pillar 2 tax 1,253 1,302 1,343 1,411 1,192 1,192 0.1% 4.0% Net profit 1,253 1,302 1,343 1,258 1,192 1,192 0.1% 0.1% Income statement, QAR’mn FY’22 FY’25 9M- 2026 Growth (9M'26 vs 9M'25) CAGR (FY’22- FY’25) FY’23 FY’24 9M- 2025 Net Financ ing assets 75,677 77,585 86,212 90,013 94,050 4.5% 6.0% Total assets 106,276 114,417 117,940 123,782 126,775 2.4% 4.8% Customer deposits (1) 74,545 78,002 83,351 87,793 89,961 2.5% 5.1% Total equity (incl AT1) 14,336 14,713 14,779 15,201 15,928 4.8% 2.8% Sep-26 Growth (Sep- 26 vs YE'25) CAGR (YE’22- Sep-26) Balance sheet, QAR’mn 2022 2023 2024 2025
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Wholesale Banking Retail & Private Banking Treasury & Investments Division Subsidiaries/ Others Total Assets QR 126.8bn (Sep’26) 36% 38% 22% 3% Wholesale Banking Retail & Private Banking Treasury & Investments Division Subsidiaries/Others Dukhan Bank – Four Principal Areas of Business 6 Wholesale banking Retail & Private Banking Treasury & Investments Group Subsidiaries Financing, deposits, trade finance, transaction banking and cash management Financings, deposits, wealth management & advisory, retail & PB product offerings (1) (1) Retail & Private Banking is alternatively referenced as “Personal and Private Banking” as well Asset and liability management, trading and investment activities and hedging & risk solutions Three fully owned subsidiaries Corporate Banking Government & Institutional Banking Retail Banking Private Banking Asset and Liability Management Islamic financing products Leasing activities Asset Mgmt. & Inv. Banking Segmental Financials – A Well Diversified Unique Islamic Bank Catering All The Segments (1) Trading and Investments Debt Capital Markets 21% 32% 44% 3% Net Profit before impairments QR 1,555 mn (9M’26) (1)
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Government 43% Other Pvt. Shareholders 57% Strong Government Linkage Government commitment via significant and stable shareholding… …coupled with substantial Govt. & GRE deposits contribution… 35.3 33.9 38.1 38.0 37.8 2022 2023 2024 2025 Sep-26 42%44% QAR’bn Govt. & GREs deposits as percentage of total deposits (excl profit payable) …and a mutually beneficial partnership 16.9 14.9 15.0 20.1 20.0 2022 2023 2024 2025 Sep-26 State-linked investment securities 76% 80% 80% Material allocation to State-linked securities QAR’bn State-linked investment securities as percentage of total investment securities Financing to Govt. 18.1 17.8 18.6 19.4 20.0 2022 2023 2024 2025 Sep-26 21% 23% 20% QAR’bn Govt. financing as percentage of total financing (gross, net-off def. profits) Source:Company information. 1) Financing to Government-Related Entities (GREs) constitutes 15% of total financing (gross, net of deferred profits). Combined with Government exposures, total financing to the Government and GREs accounts for 36% of the total financing book at the end of September 2026 7 Strong alignment of objectives and interests between the State of Qatar and Dukhan Bank 24% 23% 82% 74% 44% 47% x% x% x% 24.5% 6.8% Military Pension Fund 11.7% 46% 1
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Experienced Board of Directors & Management Team 8 Board of Directors Source:Company information. Executive Management Number of years of experience H.E. Sheikh Mohammad Bin Hamad Bin Jassim Al Thani Executive Board Member - Managing Director Mr. Abdulaziz Mohammed Hamad Al Mana Vice Chairman H.E. Sheikh Thani Bin Hamad Bin Khalifa Al-Thani Director Dr. Ahmad Mohammed Yousef Al-Mana Director State pension fund representative Sheikh Khalid Bin Hassan Bin Khalid Al-Thani Director Qatar Holding representative Mr. Ahmad Abdulrazzaq Ahmad Al-Hashmi Director State pension fund representative H.E. Sheikh Abdulla Bin Fahad Bin Jassim Al-Thani Chairman of the Board of Directors Sheikh Jassim Fahad J J Al-Thani , Director Director Proficient management team with extensive experience Ahmed Hashem Acting Group Chief Executive Officer 19+ Osama Abu Baker Chief Financial Officer 28+ Abeer Noman F A Al-Emadi Chief of Banking Operations 24+ Abdullah Al Malki Chief HR and Administrative Officer 23+ Sheikh Fahad Bin Hamad Al-Thani Chief Business Development Officer 15+ Abdulaziz Al-Naema General Manager, Head of Retail Banking 23+Chaouki Daher General Manager, Head of Private Banking 30+Ahmad Abdulaziz Al-Emadi GM-Head of Wholesale Banking 15+ Thamer S. Abdalla Chief Compliance Officer 22+ Talal Ahmed Al-Khaja Chief Marketing and Communications Officer 20+ Farrukh Zaman Chief Credit Officer 37+Nile Rabbani Awan Chief Risk Officer 31+ Ali Rashid Salem Rashid Al-Marri Director State pension fund representative 33+ Bashar Jallad Treasurer & Chief Investment Officer 20+ Ms. Noora Abdulrahman Al Kuwari Chief Internal Audit officer 22+ Imad Hameed El Chemaly Chief Legal Officer Government Independent Representatives
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Motivate Impact Secure Partnerships Reliable Governance Embedding climate action, resource efficiency and responsible finance and investment into the products and services we provide Building partnerships that enable inclusive growth, fair customer outcomes, a strong and diverse workforce, and lasting community impact Embedding strong corporate and Shari’ah governance to support long term performance • Climate Strategy and Climate Risk • Environmental Management and Resource Efficiency • ESG Integration in Financing Activities • ESG Integration in Investment Activities • Sustainable Products and Services • Financial Inclusion, Access & Affordability (incl. SMEs) • Customer Protection, Fair Treatment & Experience • Human Capital, Wellbeing & Working Conditions • Diversity, Equity, Inclusion & Nationalisation • Community Engagement, Investment & Social Impact • Corporate & Shari’ah Governance, Board Oversight & Transparency • Ethics, Integrity, and Compliance • Anti-money Laundering • Risk Management and Resilience • Data Privacy, Cybersecurity & Responsible Digital Innovation • Responsible Procurement & Value Chain ESG at the Core of Dukhan Bank’s Strategy 9 Dukhan Bank’s Environmental, Social and Governance (ESG) strategy embeds sustainability into its core banking activities, in alignment with Qatar Central Bank expectations, Islamic finance principles and the Bank’s business objectives. Together with the Bank’s ESG Policy and Sustainable Finance Framework, it is built around three pillars: Motivate Impact , Secure Partnerships, & Reliable Governance. These pillars guide the Bank’s approach to climate action, responsible finance, inclusion, customer and community outcomes, as well as strong governance and risk management. Informed by a double materiality assessment, the strategy sets a clear and practical direction for progressive ESG integration across operations and activities, ensuring regulatory alignment and supporting sustainable long-term growth. Dukhan Bank’s Sustainability Strategy
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Bank Strategy focuses on Customer Partnerships & Shareholder Value 10 Expansion of Wholesale Banking in Qatar with focus toward higher value added sectors Build lead on Best-in-class Private Banking pioneer position in Qatar Become a leading institution in GCC and MENA Islamic financial markets Leverage Synergies across the Subsidiaries Maintain a culture of service excellence and efficiency Digital transformation to reduce carbon footprints and enhance customer experience Sustainability through liability growth and prudent risk management Effective capital management while ensuring robust value generation for the shareholders Attracting new talent and retaining key personnel 1 2 3 4 56 7 8 9 Source:Company information.
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11 Key Investment Highlights Strong government commitment via significant ownership, support and mutually beneficial relationship 1 Competitive market positioning 2 Proficient leadership with experienced management team and commitment to corporate governance 3 Strong brand in Islamic banking with full product offering to meet clients’ needs 4 Solid and optimal capital adequacy position, diverse funding sources & strong liquidity buffers 7 Stable operating environment with exciting growth prospects underpinned by Qatar’s economic vision 8 Resilient and primarily deposit-funded balance sheet complemented by strong private banking franchise 5 Highly efficient business through disciplined cost base 6 Source:Company information.
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20 Dukhan Bank – Strong Credit Rating Profile Dukhan Bank – 5th largest Qatari bank and 3rd largest Islamic bank in QatarUpgraded from A- to A by Fitch in March 2024 by Fitch LT Bank Deposits Rating: A2 (Outlook Stable) 29 June 2026 • The deposit ratings incorporate a very high probability of support from the Government of Qatar • Reflects solid domestic franchise, stable profitability and strong capital metrics • The stable outlook on Dukhan's long-term deposit ratings reflects expectation that the bank will maintain its current strong capital levels, its funding and liquidity profile broadly stable. LT Issuer Default Rating: A (Negative) 10 September 2026 • Strong Government Support: Qatari authorities have a strong propensity to support domestic banks, irrespective of their size or ownership • The bank's common equity Tier 1 (CET1) ratio compares well with most peers' and is comfortably above its minimum regulatory requirement • Stable Funding Profile: The bank's gross financing/deposits ratio captures its moderate reliance on non-deposit funding. Source: Fitch Rating Report dtd. 10 September 2026, Moody’s rating action dtd. 29 June 2026 Fitch Ratings Moody’s
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2. Financial Performance
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13 Financial Highlights 9M 2026 (1) This is a non-IFRS measure, calculated by deducting 'Net profit attributable to quasi-equity' from the 'Total income' as reported in the published income statement (2) RoTE and RoTA are annualized based on the current period performance. Actual RoTE and RoTA for the full financial year (FY 2026) may vary Net Profit QAR 1.19 billion up +0.1% YoY Net Banking income1 QAR 2.26 billion up +6.0% YoY NPL Ratio Sep-26: 3.8% (Dec-25: 4.2%) Net Financing Assets to Deposits Ratio Sep-26: 99.0% (Dec-25: 98.1%) Financing assets QR 94.0bn (+9.8% vs Sep’25) (+4.5% vs Dec’25) Customer deposits QR 90.0bn (+4.2% vs Sep’25) (+2.5% vs Dec’25) Total Assets QAR 126.8bn +7.4% vs Sep’25 +2.4% vs Dec’25 Profitability ratios2 RoTE at 12.1% RoTA at 1.3% CAR Sep-26: 19.1% (Dec-25: 18.2%)
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Qatar 90% Europe 4% North America 6% Services & Others 29% Real estate 22% Government 20% Commercial 12% Consumer 10% Contracting 4% Industry & Manufact. 3% Resilient and primarily deposit-funded balance sheet with a diversified client base 14 Balance Sheet Composition Breakdown of financing assets, Sep 2026 vs Dec 2025Total assets vs. liabilities and equity - Sep 2026 (in QAR’bn) Focus on core banking activities Pre-dominantly Qatar-focused balanced financing book By sector (gross financing before def. profits)1 By geography Financing Assets 74% Investment Securities 20% Due from Banks 1% Other Assets 5% Total assets Customer Deposits 71% Equity 13% Due to Banks 8% 1 Sukuk Fin. 2% Qatar 91% Europe 4% North America 5% 126.8 126.8 Sep 2026 Dec 2025 Sep 2026 Dec 2025 Note: All financial data as of 30 Sep 2026 (1) GRE exposures accounted for 15% of the total financing book as of September 2026 (Dec 2025: 17%). These exposures are currently reported within their respective sector classifications. Total liabilities & Equity Services & Others 26% Real estate 24% Government 21% Commercial 13% Consumer 9% Contracting 4% Industry & Manufact. 3%
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Financials – Dukhan has Consistently Outperformed the Market 15 (1) Deposits represents the sum of customer current accounts and URIAs (2) This is a non-IFRS measure, calculated by deducting 'Net profit attributable to quasi-equity' from the 'Total income' as reported in the published income statement (3) Net profit for FY 2025 is reported before the effect of Pillar 2 tax. Net profit for FY 2025 after the effect of Pillar tax amounted to QR 1.26 billion. Total assets Net financing assets Customer deposits (1) Net Banking income2 Financing income Net profit Continuous strong growth under Assets and Income streams 106.3 114.4 117.9 123.8 126.8 2022 2023 2024 2025 Sep-26 QAR bn 75.7 77.6 86.2 90.0 94.0 2022 2023 2024 2025 Sep-26 QAR bn 74.5 78.0 83.4 87.8 90.0 2022 2023 2024 2025 Sep-26 QAR bn 2.4 2.7 2.8 2.1 2.3 2023 2024 2025 Sep-25 Sep-26 QAR bn 4.7 5.2 4.8 3.6 3.4 2023 2024 2025 Sep-25 Sep-26 QAR bn 1.30 1.34 1.41 1.19 1.19 2023 2024 2025 Sep-25 Sep-26 QAR bn +0.1% 3
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28.1% 33.0% 32.9% 33.3% 31.1% 2022 2023 2024 2025 Sep-26 1,637 1,797 1,887 1,454 1,555 11.0% 11.1% 11.3% 12.8% 12.1% 0.0% 3.0% 6.0% 9.0% 12.0% 15.0% 0 200 400 600 800 1,000 1,200 1,400 1,600 1,800 2,000 2023 2024 2025 Sep-25 Sep-26 2.1% 4.1% 4.2% 3.6% 3.2% 2022 2023 2024 2025 Sep-26 Dukhan Bank is an efficient business with diversified income sources and robust net profit margin 16 Profitability (1) (1) Net profit margin (NIM) = (Net profit income from financing and investing income less finance cost and return to URIA a/c holders; annualized for full year) / Average earnings assets (2) (2) Funding costs % : (Finance cost and return to URIA a/c holders; annualized for full year) / Average interbank borrowings and customer deposits (3) (3) Excl. finance cost. In consolidated FS, the same is reduced to arrive at total income (4) (4) Return on Average Tangible Equity (RoTE) : Net profit for the year over average equity excluding intangible assets. RoTE for FY 2025 is calculated using net profit before the effect of Pillar 2 tax. RoTE for 9M 2026 & 9M 2025 is annualized based on the quarterly performance, actual RoTE and RoTA for the full financial year varies 77% 76% 75% 75% 71% 16% 16% 16% 16% 14% 4% 4% 5% 5% 5% 4% 4% 4% 4% 6,095 6,372 4,822 4,720 2023 2024 2025 9M-25 9M-26 Financing income Investment income Fee & commi. income (net) Other income 6,790 2.1% 2.0% 2.0% 2.1% 2.1% 2022 2023 2024 2025 Sep-26 Constantly growing revenue base across diverse income streams… …with a relatively healthy net profit margin1 despite challenging macro environment… Total income3 breakdown (in QAR’mn) …inclining however stabilising funding costs2 relative to the market… …and improving operating leverage 54% 52% 47% 29% 32% 33% 17% 2023 2024 2025 9M-25 9M-26 Staff costs General & admin expenses Depreciation & amortisation 750782 Breakdown of operating expenses (in QAR’mn) …Disciplined cost management… Net operating income (net profit before impact of impairment & taxes) RoATE (in QAR’mn) ...gradually generating efficiency gains… Cost / income ratio (excl. income taxes) - # of Group employees: 720 - # of Bank employees: 609 - # of branches: 8 - # of Group employees: 739 - # of Bank employees: 639 - # of branches: 8 704 20% 32% 16% 21% 49% 679 944882807 19% 4 30% 49%
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129 85 38 50 54 49 2021 2022 2023 2024 2025 Sep 26 (annualized) Prudent risk management… Strong risk-management culture and prudent provisioning policy 17 Asset Quality (1) Cost of Risk is calculated as net impairment charge related to ECL & specific provisions on Loans & Advances over Average Gross Loans (2) 9M 2026 cost of risk (annualized) is reported after considering the cash recoveries, if cash recoveries are ignored the same increased to 58bps (3) Coverage ratio is calculated as impairment allowance over gross exposures subject to ECL/specific provision 4.2% 5.1% 5.4% 4.6% 4.2% 3.8% 2021 2022 2023 2024 2025 Sep-26 …active management of non-performingg assets… 64.6% 67.9% 69.9% 73.1% 75.7% 78.5% 2021 2022 2023 2024 2025 Sep-26 Provision coverage ratio3 excl. collaterals …while maintaining sound coverage levels Commentary Considering the global economic circumstances, Dukhan Bank has shown resilience The Bank has been closely monitoring its risk profile and exposures, in accordance with AAOIFI/IFRS and QCB guidelines Dukhan Bank’s prudent risk management continues to monitor asset quality and take prudent impairments − NPL ratio reduced to 3.8% in September 2026 compared to 4.2% in December 2025 − Provision coverage remained improved to 78.5%, from December 2025 through Sep 2026. Provision coverage is 101% after considering tangible collateral benefits (with the effect of hair-cut on the collaterals) Non-performing asset ratio Cost of risk1 (in bps) – net impairment charge over average net financing assets (2)
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Asset Quality (continued) * After considering tangible collaterals (with the effect of haircut on the collaterals), coverage ratio becomes 101% for stage III financing assets Note: Cost of Risk is calculated as net impairment charge (annualized) related to ECL & specific provisions on Loans & Advances over Average Gross Loans Prudent overall coverage with staging aligned with the Qatari Banking Sector 19 Portfolio Breakup As at 30 Sep 2026 Stage I Stage II Stage III Total Financing assets 88.1% 8.2% 3.8% 100.0% Investments 100.0% 0.0% 0.0% 100.0% Off balance sheet credit risk exposure 93.9% 5.8% 0.3% 100.0% Portfolio Coverage As at 30 Sep 2026 Stage I Stage II Stage III* Total Financing assets 0.4% 12.4% 78.5% 4.3% Investments 0.1% 0.0% 0.0% 0.1% Off balance sheet credit risk exposure 0.3% 1.7% 96.4% 0.7% Cost of Risk (in bps) 9M 2026 (annualsied) Stage I Stage II Stage III Total Financing assets (Gross Provision) 30 312 106 58 Financing assets (Net Provision) 30 312 (118) 49 Portfolio Breakup As at 31 Dec 2025 Stage I Stage II Stage III Total Financing assets 85.9% 9.9% 4.2% 100.0% Investments 100.0% 0.0% 0.0% 100.0% Off balance sheet credit risk exposure 93.7% 5.9% 0.3% 100.0% Portfolio Coverage As at 31 Dec 2025 Stage I Stage II Stage III* Total Financing assets 0.2% 8.6% 75.7% 4.2% Investments 0.2% 0.0% 0.0% 0.2% Off balance sheet credit risk exposure 0.3% 1.8% 88.9% 0.7% Cost of Risk (in bps) FY 2025 Stage I Stage II Stage III Total Financing assets (Gross Provision) 3 376 493 60 Financing assets (Net Provision) 3 376 355 54
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Government & GREs 42% Non-Banking Financial Institutions 2% Corporates 21% Individuals 35% Equity 13% Customer deposits 71% Due to banks 8% Sukuk Financing 3% Other liabilities 6% Time deposits 65.2% CASA 34.8% Robust capital structure with optimal funding and healthy liquidity position 19 Capital, Funding and Liquidity (1) Customer deposits include Equity of URIA holders + customer current accounts (2) Liquid assets include Cash and balances with QCB excluding reserve account + Due from banks balance + Investment securities (excluding unquoted HFT & FVTE investments) divided by total tangible assets (3) 14.63% regulatory minimum based on 12.50% + 0.50% DSIB buffer + 1.63% ICAAP (4) Excluding accrued profit payable Deposits breakdown by sector (Sep 2026) (4) Deposits breakdown by type (Sep 2026) (4) Liquid asset ratio (2) 21.0% Net financing assets to total deposits (Regulatory) 99.0% (in QAR’mn) 2023 2024 2025 Sep 2026 Total risk-weighted-assets 80,139 82,942 82,530 85,678 CET-1 ratio 14.0% 14.2% 14.9% 15.8% Tier 1 ratio 16.3% 16.4% 17.1% 18.0% CAR 17.2% 17.3% 18.2% 19.1% CAR regulatory minimum 14.6%(3) Funding breakdown (Sep 2026) Well diversified funding base Granular deposit base with significant contribution from private banking & the public sector(1) Strong liquidity profile (Sep 2026) Well capitalized bank with capital ratios above regulatory limits QR 126.8 bn
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444 520 520 727 831 831 834 835 58% 68% 51% 63% 70% 68% 66% 62% 2018 2019 2020 2021 2022 2023 2024 2025 Dividends Dividend payout ratio Dividend History 20 Consistent annual cash dividend distribution on the back of healthy income generation (1) Represents dividend payout ratio based on normalized net income (excluding impact of QAR450m goodwill impairment) (2) Payout ratio for FY 2025 is calculated before the effect of Pillar 2 tax on the Group’s net profit Dividend distribution (in QAR'mn) Consistently maintaining one of the highest payout ratios among peers, supported by strong capital reserves and robust profitability (1) 2H-25: QR 418mn QR0.8 per share 1H-25: QR 417mn QR0.8 per share (2)
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973 (63%) 148 (10%) 120 (8%) 94 (6%) 85 (5%) 56 (4%) 43 (3%) 33 (2%) QNB QIB Rayan DUBK CBQ Doha QIIB Ahli Conventional 70% Islamic 24% 5% Conventional 74% Islamic 20% 6% 8,670 (58%) 2,225 (15%) 1,014 (7%) 813 (5%) 713 (5%) 687 (5%) 436 (3%) 407 (3%) QNB QIB CBQ DUBK QIIB Rayan Doha Ahli 1,042 (62%) 156 (9%) 114 (7%) 103 (6%) 95 (6%) 73 (4%) 44 (3%) 43 (3%) QNB QIB Rayan CBQ DUBK Doha QIIB Ahli Dukhan Bank – 5th largest Qatari bank and 3rd largest Islamic bank in Qatar Dukhan Bank’s competitive positioning vs. Qatari peers Islamic banks Conventional banks Percentages (%) next to the amounts on this slide represents market share. Source: Published financial statements for the three-month period ended 30 Jun 2026 Total Assets (QAR’ billions; as at 30-Jun-26) Total Loans (QAR’ billions; as at 30-Jun-26) Total Deposits (QAR’ billions; as at at 30-Jun-26) Net profit (QAR’ millions; 1H-26) Net profit: QR 14.97 bn Σ Islamic 26% Σ Islamic 29% 22 1,438 (59%) 234 (10%) 185 (8%) 184 (8%) 129 (5%) 122 (5%) 64 (3%) 63 (3%) QNB QIB CBQ Rayan DUBK Doha QIIB Ahli Conventional 75% Islamic 20% 5% Total Assets: QR 2.42 tn Σ Islamic 25% Conventional 76% Islamic 19% 6% Loans: QR 1.67 tn Σ Islamic 25% Deposits: QR 1.55 tn
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Appendix
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Ownership Structure 23 Ownership structure Founders / Major shareholders: 66.47% Broog Trading Co 13.47% Al Sanad Trading Co and related entities 10.08 % General Retirement and Social Insurance Authority (Pension fund) 24.48% General Retirement and Social Insurance Authority (Military pension fund) 11.67% Qatar Holding 6.77% Other Shareholders 33.53% Shares outstanding 5,234,100,000 No. of Investors 3,254
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Ownership Structure As at 30-Sep-2026 24 ► Foreign ownership (incl. GCC) increased by 6.7% from the listing date ► Institutional investor ownership increased by 2.6% from the listing date 0.0% 10.0% 20.0% 30.0% 40.0% 50.0% 60.0% 70.0% 80.0% 90.0% 100.0% Qatar GCC Foreign Total 4.7% 0.5% 0.2% 5.5% 87.6% 0.3% 6.7% 94.5%92.3% 0.8% 6.9% 100.0% Ownership % Individuals Institutions Total - 500 1,000 1,500 2,000 2,500 Qatar GCC Foreign Total 2,258 59 490 2,807 99 19 339 457 2,357 78 829 3,264 Number of Shareholders Individuals Institutions Total
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0 20 40 60 80 100 120 140 160 180 2.5 2.7 2.9 3.1 3.3 3.5 3.7 3.9 4.1 4.3 4.5 Feb-23 Mar-23 Apr-23 May-23 Jun-23 Jul-23 Aug-23 Sep-23 Oct-23 Nov-23 Dec-23 Jan-24 Feb-24 Mar-24 Apr-24 May-24 Jun-24 Jul-24 Aug-24 Sep-24 Oct-24 Nov-24 Dec-24 Jan-25 Feb-25 Mar-25 Apr-25 May-25 Jun-25 Jul-25 Aug-25 Sep-25 Oct-25 Nov-25 Dec-25 Jan-26 Feb-26 Mar-26 Apr-26 May-26 Jun-26 Jul-26 Aug-26 Sep-26 Volume in millions Price (QAR) Share Price Movement From Listing Date till 30-Sep-2026 25 YTD Average All Time High All Time Low Close (30-Sep-26) Share Price* 3.411 4.350 2.838 3.045 *Based on daily closing price *
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Snapshot of the Consolidated Statement of Financial Position 26 (1) Customer deposits include equity of URIA holders + customer current accounts (in QAR‘ mn) YE 2022 YE 2023 YE 2024 YE 2025 Sep-26 Cash and balances with Qatar Central Bank 6,425 3,645 3,639 5,124 3,451 Due from banks 1,500 11,072 5,811 1,094 1,287 Financing assets 75,677 77,585 86,212 90,013 94,050 Investment securities 20,432 19,971 19,882 25,017 24,848 Investment in associates and joint ventures 64 32 10 15 15 Investment properties 135 135 135 134 134 Fixed assets 264 242 830 845 790 Intangible assets 914 835 757 678 619 Other assets 866 900 663 862 1,581 Total assets 106,276 114,417 117,940 123,782 126,775 Due to banks 14,871 19,582 14,308 11,222 9,695 Sukuk Financing - - 2,933 2,935 3,707 Customer current accounts 8,252 16,408 15,582 18,688 19,762 Other liabilities 2,523 2,120 2,569 6,631 7,484 Total liabilities 25,646 38,110 35,391 39,476 40,649 Equity of URIA holders 66,294 61,594 67,769 69,105 70,198 Share capital 5,234 5,234 5,234 5,234 5,234 Legal reserve 4,575 4,705 4,889 5,034 5,034 Treasury shares (38) (38) (21) (14) (14) Risk reserve 1,430 1,487 1,683 1,751 1,751 Other reserves 75 82 76 80 80 Fair value reserve (131) (121) (38) 39 14 Retained earnings 1,370 1,544 1,139 1,255 1,999 Cash flow hedge reserve - 0 (4) 2 10 Total equity attributable to equity holders of the Bank 12,515 12,893 12,958 13,380 14,107 Sukuk eligible as AT1 capital 1,821 1,821 1,821 1,821 1,821 Non-Controlling Interests 0 0 0 0 0 Total owners’ equity 14,336 14,713 14,779 15,201 15,928 Total liabilities, equity of URIA holders and owners’ equity 106,276 114,417 117,940 123,782 126,775 Customer Deposits(1) 74,545 78,002 83,351 87,793 89,961
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Snapshot of the Consolidated Statement of Income 27 (1) Funding costs are the sum of finance costs + return to URIA holders. (2) Overhead expenses include staff costs, depreciation and amortisation and other expenses. (3) Net banking income is calculated as total income minus funding costs. (4) Net operating income is calculated as net banking income minus overhead expenses. (5) Tax expense for FY 2025 include QR 153.4 million in relation to provision for Pillar 2 tax. For the year ended 31 December (in QAR ‘mn) 2023 2024 2025 2025 2026 Net income from financing activities 4,666 5,190 4,776 3,619 3,365 Net income from investing activities 957 1,089 1,035 769 867 Total net income from financing and investing activities 5,624 6,279 5,811 4,388 4,232 Fee and commission income 400 427 531 400 430 Fee and commission expense (143) (172) (206) (150) (164) Net fee and commission income 256 256 325 250 266 Net foreign exchange gain 131 143 171 131 137 Share of results of associates and joint ventures (9) 1 4 (0) 0 Other income 93 111 60 53 85 Total income 6,095 6,790 6,372 4,822 4,720 Staff costs (434) (455) (446) (332) (342) Depreciation and amortisation (135) (141) (188) (205) (137) Other expenses (237) (286) (310) (141) (225) Finance cost (933) (997) (951) (744) (571) Total expenses (1,740) (1,879) (1,895) (1,423) (1,275) Profit for the year/period before impairments and return to URIA holders 4,354 4,911 4,477 3,398 3,445 Total impairments, net (333) (453) (474) (262) (363) Profit for the year/period before return to URIA holders 4,021 4,457 4,003 3,137 3,082 Return to URIA holders (2,718) (3,114) (2,590) (1,945) (1,889) Net profit for the year/period before tax 1,303 1,343 1,412 1,192 1,193 Tax expense (1) (1) (154) (0) (1) Net profit for the year/period 1,302 1,343 1,258 1,192 1,192 Funding costs (1) (3,651) (4,111) (3,542) (2,689) (2,460) Overhead expenses (2) (807) (882) (943) (679) (704) Net banking income (3) 2,444 2,679 2,830 2,133 2,260 Net operating income (4) 1,637 1,797 1,887 1,454 1,556 For Nine-month period ended 30 Sep
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Dukhan Bank has an Award Winning Customer Service Proposition 29 Awards and Acclamations Best Private Bank – Qatar 2023 Best Multi-Channel Offering 2023 Excellence in Omni-Channel Integration 2023 MENA Private Banker of the Year – Chaouki Daher 2023 MENA Digital Bank of the Year 2022 MENA Most Innovative Bank of the Year 2022 Best Private Bank – Qatar 2022 Best Multi-Channel Offering 2022 Best Next-Generation Offering 2022 Best Use of AI in Financial Services 2022 Excellence in Omni-Channel Integration 2022 Outstanding Wealth Management Service for the Affluent 2022 Chaouki Daher MENA Private Banker of the Year 2022 MENA Wealth Manager of the year – 2024 Best Retail Bank Qatar 2024 Best Islamic Product Offering 2024 Best Mortgage / Home Finance Offering 2024 Best Multi-Channel Offering 2024 Excellence in Customer Centricity 2024 Best in Innovation in Qatar 2024 Best Mobile Banking Adaptive Site in the Middle East 2024 Best Mobile Banking Adaptive Site 2024 in Qatar Talal Al Khaja in Forbes Most Influential CMOs in the Middle East 2026 Forbes Middle East Top 100 Listed Companies in 2026 World’s Best Islamic Private Bank by Global Finance as part of its World’s Best Islamic Financial Institutions 2026 awards Best Business Card Offering by MEED MENA Banking Excellence Awards 2026. Best Digital Transformation in the MENA Region at the 2025 MEED Banking Excellence Awards for Retail, Digital, and SME Sustainability Award from the Ministry of Environment and Climate Change at the Qatar Sustainability Conference 2025 Excellence in Global Islamic Private Banking for the Year 2025 by the World Union of Arab Bankers
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Dukhan Bank has an Award Winning Customer Service Proposition 30
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33 Disclaimer By attending the meeting where this presentation is made, or by reading the presentation slides, you agree to be bound by the following limitations: – These materials contain statements about future events and expectations that are forward-looking statements. – These statements typically contain words such as "expects" and "anticipates" and words of similar import. – Any statement in these materials that is not a statement of historical fact is a forward-looking statement that involves known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. – None of the future projections, expectations, estimates or prospects in this presentation should be taken as forecasts or promises nor should they be taken as implying any indication, assurance or guarantee that the assumptions on which such future projections, expectations, estimates or prospects have been prepared are correct or exhaustive or, in the case of the assumptions, fully stated in the presentation. – Past performance cannot be relied on as a guide to future performance. – The Bank assumes no obligations to update the forward-looking statements contained herein to reflect actual results, changes in assumptions or changes in factors affecting these statements. – The opinions presented herein are based on general information gathered at the time of writing and are subject to change without notice. – The Bank relies on information obtained from sources believed to be reliable but does not guarantee its accuracy or completeness.