Disclosure regarding false news on Al-Qabas newspaper


Reference to Article (4-4-1) of Chapter Four, Book (10) of the executive regulations on disclosure and transparency which require that the bank must,  immediately and without delay, comment on any news, rumors, speculations or information by means of  clarification, negation or confirmation.


Date: 31.07.2017


Name of Listed Company: Kuwait International Bank


Material Information: We would like to state that the news published at Al-Qabas newspaper No. (15864) issued on Monday 31.07.2017 at the economic news page No. (24) under the title “Al-Dawli grants 110 million Saudi Riyals for Saudi Financing Company” is totally baseless and untrue. The Bank’s management totally denies this news confirming that the Bank didn’t sign any financing facilities agreement with the Saudi company (Middle East Paper Company (MEPCO)) and that the company’s announcement published on Tadawul website is entirely unfounded.

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