BBK Annual Report 2011

Long Term Incentive PlansThe BBK Long Term Incentive Plans are share based rewardschemes, under which the Bank allocates certain numbers ofshares every year to executive management employees basedon performance, potential, and job criticality level. The grant priceis determined according to the share price at the closing of themarket on the fourteenth day after the Annual General Meeting.There are two forms of the Employee Long Term Incentive Plans:Employee Stock Options PlanThis plan was introduced in 1999 and options were granted on ayearly basis until 2009. The plan will end once all options grantedtill 2009 expire or vest. In 2010 the Bank has opted to introducea new performance shares plan approved by the shareholders.Employee Performance Shares PlanThe scheme was introduced effective 2010. The plan operates ona yearly basis of shares being allocated and held in a trust in thename of the individual employee over the vesting period. Followingthe assessment of the performance of the Bank against the targetperformance conditions stipulated for the period, the ownership of thevested shares is transferred to the individual employee.Major BBK shareholdings as of 31 December 2011Number of sharesName / EntityNationality /Head QuarterLegal statusOwnershipdate % Previous CurrentCompanies listed on the Bahrain Bourse (5% and above)Bahrain Kuwait Insurance (BKIC) Bahrain B.S.C. (c) 2006 6.82% 4,436,215 4,436,215Securities Investment Company Bahrain B.S.C. (c) 2006 9.89% 41,250,000 41,250,000Bahrain Commercial Facilities Company Bahrain B.S.C. (c) 1994 23.00% 37,618,691 37,618,691Major shareholders of the company’s outstanding shares (5% and above)Ithmaar Bank Bahrain B.S.C. 2008 25.34% 215,736,187 215,736,187Pension Fund Commission (PFA) Bahrain Governmental Institution 1986 18.79% 159,943,766 159,933,766Kuwait Investment Authority (KIA) Kuwait Investment Company 1990 18.70% 159,073,547 159,173,547Social Insurance Organization (GOSI) Bahrain Governmental Institution 1986 13.34% 113,490,122 113,573,255The Bank’s holdings in other companies (Quoted / unquoted in / out Kingdom of Bahrain) (10% and above)CrediMax Bahrain B.S.C. (c) 1999 100.00% 5,000,000 5,000,000Invita Bahrain B.S.C. (c) 2006 100.00% 500,000 500,000BBK Investment Fund Company Bahrain B.S.C. 1997 100.00% 53,000 NilGlobal Payment Services * Bahrain W.L.L. 2005 55.00% 10,000 10,000Sakana Holistic Housing Solutions ** Bahrain B.S.C. (c) 2006 50.00% 10,000,000 10,000,000Capinnova Investment Bank Bahrain B.S.C. (c) 1999 100.00% 125,000,000 125,000,000The Benefit Company Bahrain B.S.C. (c) 1997 22.00% 3,960 3,960EBLA Computer Consultancy ** Kuwait K.S.C.C. 2010 36.36% 13,333,334 13,333,334Naseej Company Bahrain B.S.C. 2009 13.89% 250,000,000 250,000,000Alosra Bank Bahrain B.S.C. 2009 10.00% 5,000,000 5,000,000Shared Electronic Banking Services Kuwait K.S.C. 1990 10.00% 900,000 900,000Diyaar Al Harameen Al Ola Limited ** Cayman Islands W.L.L. 2011 35.00% - 1,645,000Saudi MAIS Company for Medical Products ** Saudi Arabia W.L.L. 2011 24.00% - 8,250* Shareholding through CrediMax** Shareholding through Capinnova Investment BankBBK offices and international branchesHeadquarters43 Government AvenueP.O. Box 597ManamaKingdom of BahrainTel: +973 17 22 33 88Fax: +973 17 22 98 22Cable: BAHKUBANKTelex: 8919SWIFT: BBKUBHBMKuwaitAhmed Al Jaber AvenueP.O. Box 2439613104 SafatState of KuwaitTel: +965 2241 7140Fax: +965 2244 0937MumbaiP.O. Box 11692Jolly Maker Chambers II225 Nariman PointMumbai 400021Republic of IndiaTel: +912 22 282 3698Fax: +912 22 204 4458+912 22 284 1416Hyderabad6-3-550 L B BhavanSomajigudaHyderabad 500482Republic of IndiaTel: +914 02 339 8219Fax: +914 02 337 5977DubaiRepresentative OfficeCreek TowerOffice No. 18AP.O. Box 31115Dubai, UAETel: +971 4 221 0560+971 4 223 7156Fax: +971 4 221 0570BBK Annual Report 201131