TAIB Bank B.S.C. (c) acquired a 20% stake in TAIB Securities LLC during the year 2016. TAIB Bank's wholly owned subsidiary, TAIB Securities W.L.L. already held an 80% stake in TAIB Securities LLC, before this transaction. After the close of the transaction, TAIB Securities LLC's financial results were consolidated with TAIB Securities W.L.L. TAIB Bank B.S.C. (c) acquired a 20% stake in TAIB Securities LLC during the year 2016.