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.

 

Date: 11/05/2016

 

Listed Company: Kuwait International Bank

 

Substantial Information: We would like to state that Kuwait International Bank has appointed Mr. Mohamed Said El Saka, as a Deputy CEO after obtaining all the official approvals from the regulators. In addition, Mr. El Saka will continue to act as Acting CEO.

 

Impact of the Substantial Information on the Company’s Financial Position: None.