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, National Investments Company announces that based on the Ordinary and Extraordinary general assembly for Kuwait Foundry Co. (S.A.K), held on Sunday 28/07/2019, in which a capital reduction of 53% of capital was approved, in addition to cash dividend distributions to the shareholders for 19.077 million KD.

Considering NIC’s ownership of 20.43% of the abovementioned company, the total cash proceedings to be received by the company is 3.9 million KD.

The financial impact is the cash increase of 3.9 million KD and a reduction in investments in associates by 3.9 million KD.