Reference to Capital Market Authority’s regulations concerning disclosure of the material information, and to the mechanism for disclosing the same, specified at Article 4-1-1 Chapter Four (Book 10) of the Executive Bylaws issued on 9/11/2015.

 

We would like to inform you that our Bank’s Board of Directors has decided, in its meeting No.(03/2018), which was held on 24/03/2018, to accept the resignation of the Board member Mr. Ahmed Ibrahim Al Asfour. Meanwhile, Mr. Tareq Salah Ahmed Bukhamseen was called for the post (alternate member) in order to complete the remaining membership period of resigned board member.

 

Annex No.11

 

Disclosure of Material Information Form

 

Date: 25/03/2018

 

Listed Company: Kuwait International Bank

 

Material Information: We would like to inform you that our Bank’s Board of Directors has decided, in its meeting No.(03/2018), which was held on 24/03/2018, to accept the resignation of the Board member Mr. Ahmed Ibrahim Al Asfour . Meanwhile, Mr. Tareq Salah Ahmed Bukhamseen was called for the post (alternate member) in order to complete the remaining membership period of resigned board member. 

 

Effect of Material Information on the Company’s Financial Position: None