With reference to the above mentioned subject, and the CMA regulations issued on November 9th, 2015, module ten”disclosure and transparency” on the disclosure of the material information. NIC announces the completion of a purchase transaction of an additional stake in a closed licensed unlisted Kuwaiti company for a value of KD 2.18 million, resulting in the increase of NIC’s total holding in the company from 41.99% to 63.47%. Thus, the company will be reclassified from an associate to a subsidiary.

The financial impact cannot be determined, but will be disclosed in the future.