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

Date: 23/07/2017

Name of Listed Company: Kuwait International Bank
 

Material Information: We would like to inform you that Kuwait International Bank has appointed Mr. Josip Montalto, as a General Manager of Risk Management Department following obtaining the official approvals from regulatory bodies. The aforementioned has joined work effective from Sunday 23.7.2017.

Effect of Material Information on the Company’s Financial Position: None