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”. NIC announces that both Al Seef Financial Brokerage Co (subsidiary) & Al Waseet Financial Business Co.(associate) held their unordinary general assembly and approved the merger agreement by Amalgamation. The implementation procedures for the merger will take place through dissolving Al Waseet Financial Business Co. and transferring the debt of the company to Al Seef Financial Brokerage Co. Further, the capital of Al Seef Financial Brokerage will increase from KD 5.4 million to KD 12.715 million. (the details of the general assembly can be reviewed through the merger disclosure on Kuwait Stock exchange of both companies). The company cannot determine the financial impact of the merger on the NIC’s financial statement at this time. We will re-disclose once there are any updates.