FAQ

Account Opening

Pre requisites:
  • An NBK bank account
  • A minimum of 5,000 KD in cash or shares

For Individual accounts:

  • 21 years of age or older
  • Civil ID or Passport

For corporate accounts:

  • Corporate license
  • Commercial registration
  • Certificate of incorporation
  • Company’s authorized signatory list along with specimen signatures
  • 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

After the application gets approved, User ID and password are issued and collected either from your local NBK Branch (in 2 days) or from the Client Relations Officer at Watani Brokerage (in 1 day).


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

Existing Clients:

  • 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

Existing Clients:

  • 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

OPTION 1:

Visit any NBK branch and transfer money to Watani Brokerage account number 1000007860

OPTION 2:

Through Watani online, Log in on WATANI ONLINE , Enter your card number and password then click login .Go to TRANSFER FUNDS, transfer to NBKC ONLINE TRADING ACCOUNT, put the AMOUNT then click SUBMIT.

OPTION 3:

Through Hala Watani, call 1 801 801 and ask the officer to transfer funds from your NBK bank account to your Watani Brokerage trading account.


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:

  • 0.35% × 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

MONTHLY EXCHANGE LIVE QUOTES FEES
KuwaitSaudiEgyptDubaiAbu DhabiDohaMuscatBahrainNASDAQ Dubai
FreeKD 7KD 4KD 3KD 3KD 3KD 2KD 4.5KD 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 NBK 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