Account Opening
Pre requisites:
- A bank account
- A minimum of 5,000 KD in cash or shares
For Individual accounts:
- Civil ID or Passport
For corporate accounts:
- Corporate license
- Commercial registration
- Memorandum and articles of associations including all amendments, if any
- Company’s authorized signatory list along with specimen signatures
- Authorized Signature
- Civil ID of the authorized signatories
- Authorized traders list along with specimen signatures
The Egyptian Exchange (For Individuals):
- A copy of the passport signed by the holder
- An Egyptian bank account number in local currency
(for Egyptian Nationals only) - Personal trading number “Investor Number” in The Egyptian Exchange
(if available) - If not available : Watani Brokerage will do the necessary to obtain an “Investor Number”
Saudi Stock Exchange (For GCC Nationals Only):
- A copy of the passport or civil ID
- Personal trading number “Investor number” in Saudi Stock Exchange (if available)
- If not available: Watani Brokerage will do the necessary to obtain and “Investor Number”
- Complete and sign the Authorization letter to trade in Saudi Stock Exchange (TDWL)
Complete and Sign the Applications Pack – For Electronic Trading
Procedure:
Watani Brokerage Application accounts are available and can be made
- at any NBK branch
- by visiting the dedicated:
Customer Service Representatives at
Watani Brokerage in Arraya II Building,
Al Shuhada Street, Block 6, Floor 37
You will receive your user ID, login password and trading password either:
- By visiting your local NBK Branch
- Or visiting our offices at Arraya 2 – Floor 37
You can access your account through our website
Share Transfers/issuance
- By signing 2 security deposit request forms, which can be collected from an NBK branch or from Watani brokerage client relations officer. A civil ID is required.
- Forms are available at any NBK Branch, Watani Brokerage Office or Online. Click this to download the form.
- Expected processing time : Approx. 10 working days
- By signing 2 security issuance request forms which can be collected from an NBK branch or from Watani brokerage client relations officer. A civil ID is required.
- Forms are available at any NBK Branch, Watani Brokerage Office or Online. Click this to download the form.
- Expected processing time : Approx. 10 working days
Fund Transfers
Transfer to our Boubyan Bank Acount Number 150479001
IBAN Number: KW15BBYN0000000000000150479001
Standard Platform:
Go to MY HOME, click on BANK TRANSFERS, then put the AMOUNT and TRADING PASSWORD, then click SUBMIT.
Premium Platform:
Go to CUSTOMER, click on WITHDRAWAL REQUEST, then put the AMOUNT, then click SUBMIT.
Commission and fees
COMMISSIONS
Boursa Kuwait:
- Premier market: 0.10% of trade value
- Main market: 0.15% of trade value
- Auction market: 0.30% of trade value
- Minimum commission will be 250 Fils for each executed trade
- Kuwait Clearing Company will charge a fee equals to 500 Fils for
each executed trade equals to 50 KWD or more
Dubai (DFM) / Abu Dhabi (ADX):
- 0.30% × transaction amount
- Minimum commission is AED 65
- Additional ticket charge: AED 10 per trade
- Value Added Tax (VAT) is applicable to brokerage fees invoiced by our executing brokers and is currently levied at 5% by the tax authorities
NASDAQ Dubai (USD):
- 0.275% × transaction amount
- Minimum commission is USD 35
- Additional ticket charge: USD 3 per trade
- Value Added Tax (VAT) is applicable to brokerage fees invoiced by our executing brokers and is currently levied at 5% by the tax authorities
Saudi Stock Exchange (TDWL):
- 0.155% × transaction amount
Doha Securities Market:
- 0.36% × transaction amount
- Minimum commission is QAR 50
Muscat Securities Market:
- 0.50% × transaction amount
- Minimum commission is OMR 3.5
Bahrain Stock Exchange:
- 0.40% × transaction amount
- Minimum commission is
BHD 10 for BHD trades
USD 30 for USD trades
The Egyptian Exchange:
- 0.50 % × transaction amount
- Minimum commission
EGP 50 for EGP trades
USD 10 for USD trades - Additional:
EGP 2 for each EGP executed trade
USD 1 for each USD executed trade - Annual custody fees of 0.01% of the value of the clients portfolio as of closing prices at dates 30 June and 31 December
- Annual Risk Insurance fees: as charged by the Risk Insurance Fund
MISCELLANEOUS FEES
Issue and Transfer Stocks Certificates:
- Kuwait : Issue and transfer stocks certificates fees 5 KD for each certificate
- Egypt : Custody transfer fees of 0.1% of the value of the transferred shares based on the previous closing price
| Kuwait | Saudi | Egypt | Dubai | Abu Dhabi | Doha | Muscat | Bahrain | NASDAQ Dubai |
| Free | KD 7 | KD 4 | KD 3 | KD 3 | KD 3 | KD 2 | KD 4.5 | KD 1 |
PRO SUBSCRIPTION FEES
- 1 Month 15 KD
- 3 Months 45 KD
- 6 Months 90 KD
- 12 Months 150 KD
Others
Through Watani brokerage Client Relations Officers:
Client has to fill and submit a Reset Password Form. A new password will be handed to the client immediately.
Through the branch:
Client has to fill and submit a Reset Password Form. The new password will need to be collected from the same branch after two days.
Click here to download the Reset Password Form.
STEP 1 :
Fill and sign a Personal Information Change Request Form either at Watani Brokerage or at any NBK branch
STEP 2 :
Forms are available at any NBK Branch, Watani Brokerage Office or Online
Click here to download the Personal Information Change Request Form.
STEP 1: Fill and sign a closing account form
Forms are available at any NBK Branch, Watani Brokerage Office or Online
Click here to download the Closing Account Form.
STEP 2: Portfolio transfers
Cash transfers:
- Transfer all brokerage account cash balances to your bank account
Share transfers:
- KSE listed shares: Submit request to issue share certificates (see link on share issuance above) or sell shares if any
- Non KSE listed shares (ie GCC & MENA shares): Shares cannot be transferred, account will be kept open allowing you to only sell the shares and transfers funds to your NBK bank account
Contact Watani Brokerage
1803111
brokerage@nbkcapital.com
97144870 (WhatsApp, only for technical issue related to brokerage applications)
Location: NBK Tower, Sharq Area, Jaber Al-Mubarak & Al-Shuhada Street
Floor 34, Block 7, Plot 6
Safat 13050, Kuwait