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CBK’s approval on our bank’s extension request to purchase, sell or dispose of no more than 10% of the Bank’s issued shares

Reference to Capital Market Authority’s regulations concerning disclosure of material information and the mechanism for disclosing the same, and to Article 4-1-1of Chapter Four (Book 10) of CMA’s executive bylaws  issued on 9 November 2015.


On 30/09/2018, CBK approved our bank’s request to extend the period granted to purchase, sell, or dispose of no more than 10% of its issued shares for another six months that will end on 28/04/2019.

 

Date: 30/09/2018


Name of Listed Company: Kuwait International Bank

 
Material Information: On 30/09/2018, CBK approved our bank’s request to extend the period granted to purchase, sell, or dispose of no more than 10% of its issued shares for another six months that will end on 28/04/2019.

 

Effect of Material Information on the Company’s Financial Position: Our bank shall continue to use its treasury shares for the purposes specified by virtue of CBK instructions.