Reference to Capital Market Authority’s regulations concerning disclosure of substantial information and the mechanism for disclosing the same, and reference also to Article 4-1-1/2 of Chapter Four (Book 10) of CMA’s executive bylaws issued on 9 November 2015.

 

KIB’s Participation in a Syndicated Financing for the Implementation of Clean Fuel Project

 

Date: 01/05/2016

 

Listed Company: Kuwait International Bank.

 

Substantial Information: KIB participates in a syndicated financing to KNPC for the implementation of Clean Fuel Project. Whereby, KIB has signed on 28.4.2016 a syndicated financing agreement with KNPC in which KIB has extended KD50 million, which forms the Islamic banks’ share in this syndicated financing.

 

Impact of the Substantial Information on the Company’s Financial Position: This financing will enhance the bank’s profitability in the long run, and diversify the bank’s financing portfolio.