Disclosure regarding the Resignation of Mr. Abdulraheem Alawadhi
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: 30 March 2016
Name of Listed Company: Kuwait International Bank
Substantial Information: We would like to announce that the resignation of Mr. Abdulraheem Alawadhi, GM- Corporate Support Department, has been accepted. This will be effective by end of Thursday 31/3/2016.
Thus, it has also been decided that Mr. Stephen Machado, Sr.Manager Operations Department, will be entrusted with the duties of the Acting GM- Corporate Support Department, in addition to performing his normal work duties, as of 3/4/2016 and until further notice.
Effect of Substantial Information on the Company’s Financial Position: None