2015 Corporate Governance Executive summary

Ahli United Bank story started, we have been increasing together. We registered our own course, shaped our own story, and boarded upon a journey of achievement for the previous 15 years and plus. We cultivated home-grown capacity, concerned world class knowledge and protracted our reach across sectors and borders. We constructed monetary strength, reinforced by a well-defined plan and a great agreement of discipline, heavy labor and promise. But then again most prominently, we joined and linked with uncountable meticulous and inspirational men, women and industries, helping them prosper and grow and receiving their trust every phase of the way. In addition, in the progression, we turn out to be the strong, trusted and locally growing financial organization that we are these days.

This report is important particularly since the requirement from the Central Bank of Kuwait has mandated that it be done and noncompliance will result in high penalties. The Board has recognized a management construction with evidently clear roles, reporting lines and duties. The Bank's organization screens the presentation of the Bank and each of its companies and acquaintances on a continuing base and reports this presentation to the Panel. The checking of presentation is carried out through a steady valuation of performance tendencies in contradiction of budget, and previous eras and aristocrat Banks in all the marketplaces and together through Ahli United Bank Group boards and sub- groups at the parent bank and its minor / joined stocks 'level. Exact errands, as clarified below, have been deputized to each board, and the notes of all management boards are directed to the Audit and Acquiescence Board, to measure the efficiency of these boards.

This report is important to shareholders and stakeholders' transparency of activities and performance because the Policy and connected schemes have been accepted by the stockholders of the Bank at the Annual General Conference which was held in March of 2015 and have been pertained to performance connected employee recompense expenditures made for each monetary year. Non-controlling benefits signifies the share of profit or loss and net possessions in the companies not attributable to the Bank's equity stockholders. The Group enters dealings with most important stockholders, associates, directors, senior management and businesses which are measured, equally controlled or meaningfully predisposed by such parties in the normal sequence of corporation at arm's length. Everyone the loans and developments to connected parties are carrying out and are free of in the least provision for likely loan defeats. Somewhat change in Group's proprietorship attention in the lesser that does not consequence in a damage of control is accounted for as an impartiality business. As a Corporate Governance Officer, I can make sure that all components are in place by organising with various departments and personally worked on the CG report of the annual report.

The primary objectives of the Group's capital management policies are to ensure that the Group complies with externally imposed capital requirements and that the Group maintains strong credit ratings and healthy capital ratios to support its business and to maximize shareholders' value. Capital adequacy for each of the group companies is likewise accomplished disjointedly at individual business height. The Group does not have any important limits on its aptitude to retrieve or utilize its possessions and settle its obligations other than any limitations that possibly will outcome from the supervisory agendas inside which the banking companies function

The target audience of this report are professionals like the stakeholders that are interested in creating an unequalled ability to meet customer wants. Also, for those that provide contentment and development for our workers and delivering outstanding stockholder worth.