ANNOUNCEMENT OF SATISFACTION OF PRE-CONDITIONS AND NOTIFICATION OF GFH
FINANCIAL GROUP B.S.C.’S (“GFH”) FIRM INTENTION TO MAKE AN OFFER TO ACQUIRE UP
TO 100% OF THE ISSUED AND PAID UP ORDINARY SHARES OF KHALEEJI COMMERCIAL
BANK B.S.C. (“KHCB“) REPRESENTING UP TO 187,589,034 ORDINARY SHARES OF KHCB
(CONSTITUTING VOTING RIGHTS), NOT CURRENTLY OWNED BY GFH, REPRESENTING UP
TO 21.03% STAKE OF KHCB’S ISSUED AND PAID-UP SHARE CAPITAL, BY WAY OF A
SHARES EXCHANGE AT THE DISCRETION OF EACH SHAREHOLDER OF KHALEEJI
COMMERCIAL BANK B.S.C.