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: 1/3/2018, NIC announces receiving from the liquidation committee of GIC (A Bahraini closed joint stock Co. under liquidation) a right transfer and Authorized power of Attorney according to the assets that can result for the liquidation parties the in cases raised by the liquidation from committee against others.

The financial impact cannot be determined until final verdict.