Listing KIB Share Under MSCI Index
Reference to the above subject, please find attached our disclosure form on the material information by virtue of Book (10) (Disclosure and Transparency) of the Executive Bylaws of Law No. (7) of 2010 concerning incorporation of Capital Market Authority and regulation of the Banking Business, as amended, issued by virtue of resolution No. (72) of 2015 .
Name of Listed Company: Kuwait International Bank
By virtue of the biannual update announced on 15 May 2017 by MSCI Kuwait, KIB’s share has been listed under the aforesaid index whereby KIB’s performance is being measured. Such listing shall be made applicable following the closure of trading on 31 May 2017.
MSCI has placed certain terms and conditions for listing the shares composing its index by which the financial markets performance is being measured. This includes the free trading ratio, foreign investors’ net worth for the purchase of such shares, the volume and value of tradings, as well as the company’s financial performance.
Impact of the material Information on the Company’s Financial Position: ____