Consideration of voluntary offer for shares of Khaleeji Commercial Bank B.S.C. “KHCB”

This announcement is made by GFH Financial Group B.S.C. “GFH” pursuant to the requirements of the Takeover, Mergers & Acquisition Module under Volume 6 of the Central Bank of Bahrain’s Rulebook and with reference to our previous disclosure dated 8 June 2021, regarding GFH’s consideration of voluntary offer for the issued shares of Khaleeji Commercial Bank B.S.C. (“KHCB”).

Please be informed that as of date GFH is still in discussions with KHCB regarding potentially making a voluntary takeover offer for the issued shares of KHCB, subject to receipt of all necessary regulatory, board and shareholders approvals.

The above proposal may or may not lead to the making of a voluntary offer for the issued shares of KHCB. GFH will provide additional disclosures on this matter, on an ongoing basis, to ensure compliance with governing laws and regulations.