Adnan Al Salem appointed as Chief Retail Banking Officer at Warba Bank

Kuwait; March 12, 2012: Warba Bank announced today the appointment of Adnan Salman Al Salem as Chief Retail Banking Officer, as per the approval of the Central Bank of Kuwait.

Al Salem enjoys a significant record of experience with a unique background in the banking field. Al Salem was one of the main organizers of Warba Bank since its establishment and contributed in placing the strategy for the retail services while ensuring the application highest international standards of excellence that coincide with the Islamic Sharia principles.

Al Salem's appointment plays a key role in supporting the Warba team to witness targeted growth and continuous development. Given his major expertise in banking - starting from the thorough implementation of the bank's strategy, to providing innovative Islamic products and services that cater to the needs of clients - Al Salem emphasizes the application of the finest standards of customer services in the local Islamic banking sector.

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About Warba Bank:
Warba Bank, an Islamic bank established by virtue of Amiri Decree, was officially registered in the Central Bank of Kuwait's list of Islamic banks on the 5th of April, 2010. The state of Kuwait, represented by Kuwait Investment Authority (KIA), owns 24% shares of the bank while the remaining 76% of shares, fully subscribed by the government, have been equally allocated among all Kuwaiti nationals. Warba Bank offers a range of customized Sharia-compliant services and solutions which are available through the banks three divisions of Retail, Investment and Corporate Banking. Branching out in four strategic locations, Warba Bank has over 150 employees.

For media information, please contact:
YOUSEF K. ALSHALLAL
Marketing & PR Manager
Tel: +965 2 228 8800
Dir: +965 2 228 8855
Fax: +965 2 228 8601
Email: Yousef.Alshallal@warbabank.com

ADEL ALBUAIJAN
Deputy - Public Relation Manager
Tel: +965 2 228 8854
Fax: +965 2 228 8601
E-mail: adel.albuaijan@warbabank.com

Nadin Al Alami / Stacy Lobo
ASDAA Burson Marstellar
Tel: 00965 22901571/ 2/ 3/ 4/ 5
Fax: 00965 2290157
Email: n.alami@asdaa.com / s.lobo@asdaa.com