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With reference to the abovementioned subject, and the CMA regulations issued on November 9, 2015, book number ten”disclosure and transparency on the disclosure of material information”. We here refer to our previous disclosure dd: 7/8/2016 related to the Merge between Al Waseet Financial Business Co. & Al Seef Financial Brokerage Co. NIC declares the finalization of the Announcement procedures for the extraordinary GA for Al Seef Financial Brokerage Co. (Subsidiary) that includes the procedures of Merger implementation through the transfer of Al Waseet Financial Business Co.’s assets to Al Seef Financial Brokerage Co. Consequently, Al Waseet will continue following the procedures as per Co’s Law#1 for the year 2016 & its Executive bylaws and amendments, as well as Models 9 of the CMA bylaws. Financial impact is not yet determined and will be disclosed at a later stage.

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