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

 

Date: 12/05/2016

 

Listed Company: Kuwait International Bank

 

Substantial Information: We would like to state that Kuwait International Bank has decided to entrust Mr. Ajai Thomas, Senior Manager-Management Accounting, to act as Acting General Manager of Financial Control & Planning Department in addition to his duties, effective from Wednesday 11.5.2016 till further notice.

 

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