Statement on News Reports about Ahmad Hamad Algosaibi & Brothers and Mr. Mohammed Salem al-Hindi

MANAMA, Bahrain -

Attention News Editors: Recent news reports on the employment and board status of Mr. Mohammed Salem al-Hindi at Ahmad Hamad Algosaibi & Brothers (AHAB) are incorrect. There has been no change with Mr. al-Hindi’s role in the company or with his role on the board of directors. Please contact Ryan Stanton for clarification or further information.

Source: Kearsarge Global Advisors

Ryan Stanton of Kearsarge Global Advisors, +1-202-309-7858, r.stanton at kga-dc.com