With reference to the above mentioned subject, and the CMA regulations issued on November 9, 2015, module ten”disclosure and transparency” on the disclosure of material information.

We announce that one of NIC’s subsidiaries, bought a number of 37,500,000 shares of a sister company for approximately KD 3.9 Million leading to the increase in ownership percentage of NIC group from 21.59% to 46.59%.

The financial impact cannot be currently determined and will be disclosed at a later stage.