End of GM-IBD’s services
Reference to Capital Market Authority’s regulations concerning disclosure of substantial information and the mechanism for disclosing the same, and reference also to Article 4-1-1of Chapter Four (Book 10) of CMA’s executive bylaws issued on 9 November 2015.
Listed Company: Kuwait International Bank
Substantial Information: We would like to state that, as of 11/10/2016, Mr. Massoud Antoun ‘s services at Kuwait International Bank as General Manager of International Banking Department have ended. Meanwhile, as of 12/10/2016 Mr. Moayyad Sarawan, Head Of Financial Institutions, International Banking Department, shall be entrusted with the responsibilities of Acting General Manager of International Banking Department until further notice.
Impact of the Substantial Information on the Company’s Financial Position: None.