A statement by Investment Dar Regarding the sale of its stake In Bahrain Islamic Bank

09 March 2013

The Investment Dar KSCC (TID) has announced that it has accepted an offer from National Bank of Bahrain BSC and SIO Asset Management Company BSC (c) to buy TID’s entire shareholding in Bahrain Islamic Bank BSC. The sale transaction which is subject to relevant regulatory approvals and satisfactory documentation and process is anticipated to generate significant financial proceeds that will fundamentally contribute to the forthcoming payment of Investors and banks in June 2013.

In this context, Abdullah Al Humaidhi, Chief Executive Officer of The Investment Dar commented: “The raising of monies from the disposal of assets from TID’s portfolio is an integral part of the continuing implementation of the restructuring plan approved by the Court of Appeal’s judgment on June 2nd 2011 under the Financial Stability Law”.