In comment on the news item published by "Al Rai" newspaper, in its issue of 31/5/2015, covering announcement by Capital Intelligence Credit Rating Agency that they have upgraded Gulf Bank's financial strength rating to "BBB".

We would like to advise you that this news item has not been issued or solicited by our bank, and that Capital Intelligence, has voluntarily rated Gulf Bank without the latter soliciting the same. Hence, we have not comment on what has been published in this regard.