With reference to Resolution No. (72) of 2015 concerning the Executive Regulations of Law No. 7/2010 on the "Establishment of Capital Markets Authority and the Regulation of Securities Activity" and its amendments, issued on 9/11/2015, and in accordance with Section 10 thereof (Disclosure and Transparency), we would like to comment on the information published in Al-Qabas Newspaper, Issue No. 15361, dated 7/3/2016, titled: "Gulf Bank: Bonds Issue to Improve Capital Adequacy Ratio". The newspaper stated that Gulf Bank is in the process of issuing bonds at a maximum of KD 100 M as an additional support to the Capital Base, in accordance with Basel III and CBK Instructions. We would like to state that Gulf Bank has already received CBK's acknowledgment of Gulf Bank's proposed issuance of a financial instrument that is compliant with Tier 2 Capital under Basel III, up to KD 100M and for a maximum tenor of 10 years, as an additional support to the CAR in accordance with Basel III Committee Instructions and for corporate purposes. Gulf Bank is currently waiting for CMA approval of this issuance, and will be carrying out the due disclosure once arrangements are complete for the issue process, and hence, we wanted to comment on such information.