Al Khaliji: Announcement of Possible Disposal of Subsidiary

May 15, 2018

Al Khaliji Commercial Bank (Al Khaliji) is assessing its shareholding in its fully owned subsidiary Al Khaliji France SA and is currently engaging with interested third parties in respect of a possible disposal of 100% of its shares.

Discussions are at a very preliminary stage with no certainty that any transaction will be entered into. It is proposed that any transaction would be effected by way of a private offering.  A further announcement will only be made if there is a development which requires the disclosure of further information under the applicable laws.