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Announcement of the completion of the non-cash acquisition by Kuwait Real Estate Company on the shares of International Resorts Company.

Kuwait Real Estate Company has completed all the procedures related to its non-cash optional acquisition of 89,345,319 shares of the International Resorts Company under the minutes of sale of the shares signed at Kuwait Stock Exchange on 21/01/2019. Accordingly, the capital of Kuwait Real Estate Company will be increased by 40,652,120 shares Equivalent to KD 4,065,212.