Disclsoure CBK's approval for 10% of Treasury Shares


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 of Chapter Four (Book 10) of CMA’s executive bylaws issued on 9 November 2015.


The Central Bank of Kuwait’s Approval for KIB to Purchase, Sell, or Dispose of 10% of Its Shares.


Date: 01/05/2016


Listed Company: Kuwait International Bank.


Substantial Information: The Central Bank of Kuwait’s approval was given on 28.4.2016 allowing our bank to purchase, sell or dispose of 10% of its shares for a period of six months expiring on 27.10.2016.


Impact of the Substantial Information on the Company’s: Our bank will continue to use its treasury shares for purposes agreeable with CBK’s instructions.