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 that we shall soon finalize a deal to buy a stake in Kuwaiti unlisted closed shareholding Co. for an amount if approximately KD 1.05 million.

No material financial impact has been yet recorded, and we shall disclose later upon deal completion and being financially reported as per current accounting standards