Reference to the Capital Markets Authority's Regulations concerning Disclosure of Substantial Information and to Chapter 4, Book (10), Article 4-1-1 of the Executive Bylaws issued on 9/11/2015.

 

Date: 22/05/2016

 

Listed Company: Kuwait International Bank

 

Substantial Information: We would like to announce that the resignation of Mr. Husain A. Mairza, GM- Information Technology Department, has been accepted. Therefore, Thursday 19/5/2016. will be his last working at Kuwait International Bank. Mr. Jamal H. Al-Barrak, GM- Investment Department has been entrusted with the duties of the Acting GM-Information Technology Department, in addition to performing his normal work duties. This will be effective as of Sunday 22/5/2016 and until further notice.

 

Impact of the Substantial Information on the Company’s Financial Position: None