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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