With reference to the abovementioned subject, and the CMA regulations issued on November 9, 2015, module number ten”disclosure and transparency” on the disclosure of material information. Following our previous disclosure dd: 27/12/2017, NIC announces receiving a letter from the liquidation committee of GIC (A Bahraini closed joint stock Co. under liquidation) stating that there will be legal procedures taken to acquire such amount of money leading to a delay in receiving NIC portion for KD 1100 K declared in our previous disclosure.

   The amount of KD 1100 K will not be recorded as profit in our income statement as of 31/12/2017.