Reference to the above subject, and to Capital Market Authority’s regulations concerning disclosure of the material information specified at Article 25/ 1-1-4 of Chapter Four (Book 10) which require disclosure of the invitation for the General Assembly Meeting together with disclosure of a summary of the items of the meeting agenda, we would like to state the following:

The Ordinary General Assembly Meeting of Kuwait International Bank will be held on  Saturday corresponding to March 24th ,2018 at 9:30 a.m. in the Bank’s Head Office.

 

The results of the Ordinary General Assembly Meeting will be disclosed later on, in accordance with the requirements of disclosure of material information.

 

Date: 04.03.2018

 

Listed Company: Kuwait International Bank

 

Material Information: The Ordinary General Assembly Meeting of Kuwait International Bank will be held on Saturday, March 24th 2018, at 9:30 a.m. in the Bank’s Head Office.

 

Impact of the Material: The results of the Ordinary General Assembly

 

 Information on the Company’s Financial Position: Meeting will be disclosed later on, in accordance with the requirements of disclosure of material information.

Agenda for KIB Ordinary General Assembly Meeting

 

1- Attend to and verify the Board of Directors report for the financial year ending 31/12/2017.

2- Attend to and verify the Bank’s auditors report for the financial year ending 31/12/2017.

3- Attend to and verify the report of Shariah and Fatwa Board for the financial year ending 31/12/2017.

4- Attend to the violations report as observed by the regulatory bodies and the penalties imposed on the Bank during 2017.

5- Authenticate the financial statements and the final accounts report for the financial year ending 31/12/2017.

6- Approve the Board of Directors’ recommendation for distribution of cash dividends of (10%) of the share’ nominal value (i.e 10 fils per share), excluding treasury shares. The cash dividends will be payable to the shareholders whose names are registered in the Bank’s records by end of maturity date 09/04/2018. Distribution of dividends will be on 12/04/2018.

7- Approval of the Board of Director’s recommendation for conferring KD 325 thousands as a bonus for the Chairman and the Board members, as well as a special bonus for the chairman for an amount of KD125 thousand, for the financial year ending 31/12/2017.

8- Approve the Board of Director’s recommendation for dispensing chairman remunerations of KD12 thousand monthly as of date of this general assembly meeting until the date of the coming general assembly meeting next year.

9- Approve the Bank’s license for granting financing facilities and dealing with the Board members and related parties during the year 2018 in accordance with the Bank’s applicable policies and regulations and within the framework of the pertinent regulatory laws and instructions.

10- Attend to and verify the report on related parties’ transactions that have been, or to be executed.

11- Discharge the members of the Board of Directors from any liabilities related to their legal actions during the financial year ending 31/12/2017.

12- Authorize the Board of Directors to purchase, sell, and dispose of no more than (10%) of the bank’s total shares. This delegation shall remain valid and effective for eighteen months.

13- Approve deduction of 10% for the statutory reserve account.

14- Approve deduction of 10% for the voluntary reserve account.

15- Appoint or re-appoint the Fatwa and Shariah Board for the financial year ending 31/12/2018 and delegate the Board of Directors for determining their respective remunerations.

16- Appoint or re-appoint the Bank’s auditors for the financial year ending 31/12/2018 and delegate the Board of Directors for determining their respective fees.