Brokerage Services Agreement
ﺔﻃﺎﺳو تﺎﻣﺪﺧ ﺔﻴﻗﺎﻔﺗا
07070 -37 ﻢﻗﺮﺑ ﺔﻴﻟﺎﻤﻟا قﻮﺴﻟا ﺔﺌﻴﻫ ﻦﻣ ﺺﻴﺧﺮﺗ ﺐﺟﻮﻤﺑ ﻞﻤﻌﺗو لﺎﻳر نﻮﻴﻠﻣ 500 عﻮﻓﺪﻣ لﺎﻣ سأﺮﺑ ﺔﻠﻔﻘﻣ ﺔﻤﻫﺎﺴﻣ ﺔﻛﺮﺷ ﺔﻴﻟﺎﻤﻟا ضﺎﻳﺮﻟا
.ﺔﻳدﻮﻌﺴﻟا ﺔﻴﺑﺮﻌﻟا ﺔﻜﻠﻤﻤﻟا 7279 - 13241 ضﺎﻳﺮﻟا ،69 ﻢﻗر ةﺪﺣو - ءاﺪﻬﺸﻟا ﻲﺣ 2414 ﺔﻃﺎﻧﺮﻏ ﺔﺣاو :ﺔﻣﺎﻌﻟا ةرادﻹا (1010239234 ﻢﻗر يرﺎﺠﺗ ﻞﺠﺳ)
riyadcapital .com
This agreement was entered into on / / H
ـﻫ / /
:ﺦﻳرﺎﺗ ﻲﻓ ﺔﻴﻗﺎﻔﺗﻻا هﺬﻫ ماﺮﺑإ ﻢﺗ
Corresponding to / / G between the parties below:
(1) Riyad Capital, is a Saudi closed joint stock company, with commercial registration number 1010239234, licensed and organised by the capital market authority in the kingdom of Saudi Arabia under license No.07070-37, and having its primary address at: P.O. Box 21116, Riyadh 11475, kingdom of Saudi arabia and hereinafter referred to as the "company"
(2) the client whose data was mentioned in the investment account agreement, hereinafter referred to as the "client", and its main data is as follows:
:هﺎﻧدأ ﻦﻴﻓﺮﻄﻟا ﻦﻴﺑ م / / ﻖﻓاﻮﻤﻟا
ﻢــﻗر يرﺎﺠــﺗ ﻞــﺠﺴﺑ ،ﺔﻠﻔﻘــﻣ ﺔﻤــﻫﺎﺴــﻣ ﺔــﻳدﻮﻌــﺳ ﺔــﻛﺮــﺷ ﻲــﻫ ،ﺔﻴــﻟﺎﻤــﻟا ضﺎــﻳﺮــﻟا ﺔــﻛﺮــﺷ (1) ﺔﻴــﺑﺮﻌــﻟا ﺔﻜﻠﻤﻤــﻟا ﻲــﻓ ﺔﻴــﻟﺎﻤــﻟا قﻮﺴــﻟا ﺔﺌﻴــﻫ ﻞﺒــﻗ ﻦــﻣ ﺔﻤﻈﻨــﻣو ﺔﺼــﺧﺮــﻣ(1010239234) ب.ص :ﻮـــــﻫ ﻲـــــﺴﻴﺋﺮـــــﻟا ﺎﻬـــــﻧاﻮﻨـــــﻋو(07070-37( ﻢـــــﻗر ﺺﻴـــــﺧﺮﺘـــــﻟا ﺐـــــﺟﻮﻤـــــﺑ ﺔـــــﻳدﻮﻌﺴـــــﻟا (ﺔﻛﺮﺸﻟا) ـــﺑ ﺪﻌﺑ ﺎﻤﻴﻓ ﺎﻬﻴﻟا رﺎﺸﻳو ﺔﻳدﻮﻌﺴﻟا ﺔﻴﺑﺮﻌﻟا ﺔﻜﻠﻤﻤﻟا ، 11475 ضﺎﻳﺮﻟا، 21116
،يرﺎﻤﺜﺘﺳﻻا بﺎﺴﺤﻟا ﺢﺘﻓ ﺔﻴﻗﺎﻔﺗا ﻲﻓ ﻪﺗﺎﻧﺎﻴﺑ ﺮﻛذ ﻢﺗ يﺬﻟا ﻞﻴﻤﻌﻟا (2)
:ﻲﻫ ﺔﻴﺴﻴﺋﺮﻟا ﻪﺗﺎﻣﻮﻠﻌﻣو ،(ﻞﻴﻤﻌﻟا) ـــﺑ ﺪﻌﺑ ﺎﻤﻴﻓ ﻪﻴﻟإ رﺎﺸﻳو
Client name: ﻞﻴﻤﻌﻟا ﻢـــــﺳا
ID type:
National ID
Iqama
Passport
ﺮﻔﺳ زاﻮﺟ
ﺔﻣﺎﻗإ
ﺔـﻴﻨﻃﻮﻟا ﺔــﻳﻮﻬﻟا
:ﺔــــﻳﻮـﻬـﻟا عﻮــــﻧ
Family ID
Other (Please Specify)
(دﺪﺣ) ىﺮﺧأ
ﺔﻴﻠﺋﺎﻌﻟا ﺔﻗﺎﻄﺒﻟا
ID NO . _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
Issued in : _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
Date of issuance : _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
expiration date : _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ : ﺔــــــﻳﻮﻬﻟا ﻢﻗر
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ : ﺎـــــــــــﻫرﺪـــﺼــﻣ
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ : راﺪــﺻﻹا ﺦﻳرﺎﺗ
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ : ءﺎــﻬﺘﻧﻻا ﺦﻳرﺎﺗ
Preamble:
This agreement sets out the terms and conditions upon which the company will offer brokerage sevices for the client in relation to securities. The terms and conditions of this agreement have to be read in conjunction with the company’s investment account agreement (investment account agreement) executed by the client.
1.definitions:
The following terms shall have the meaning set forth next to them and terms
appearing as defined but not defined in this agreement account agreement.
“Buy” means purchasing in securities, as the context dictates;
“Capital Market Law” means the Saudi capital market law
issued by royal decree No. M/30 dated 2/6/1424H, as amended;
“CMA” means the capital market authority;
“CMA Regulations” means any regulations, rules, instructions, procedures and orders issued under the capital market law, as amended;
“Fees List” means the free list payable to the company for performing the services
under this agreement, which are subject to change from time to time;
:ﺪﻴﻬﻤﺗ
ﺔــﻛﺮــﺸﻟا ﺎﻬــﺳﺎــﺳأ ﻰﻠــﻋ مﺪﻘــﺗ فﻮــﺳ ﻲﺘــﻟا مﺎﻜــﺣﻻاو طوﺮــﺸﻟا ﺔﻴــﻗﺎﻔــﺗﻻا هﺬــﻫ ﺢــﺿﻮــﺗ
.ﺔﻴﻟﺎﻤﻟا قاروﻷا ﻲﻓ ﻞﻣﺎﻌﺘﻟﺎﺑ ﻖﻠﻌﺘﻳ ﺎﻣ ﻲﻓ ﻞﻴﻤﻌﻠﻟ ﺔﻃﺎﺳﻮﻟا تﺎﻣﺪﺧ بﺎﺴﺤــﻟا ﺔﻴــﻗﺎﻔــﺗا ﺐــﻧﺎــﺟ ﻰــﻟا ﺔﻴــﻗﺎﻔــﺗﻻا هﺬــﻫ طوﺮــﺷو مﺎﻜــﺣا ﻰﻠــﻋ عﻼــﻃﻻا ﺐﺠــﻳ
.ﻞﻴﻤﻌﻟا ﻦﻣ ﺔﻌﻗﻮﻤﻟا (يرﺎﻤﺜﺘﺳﻻا بﺎﺴﺤﻟا ﺔﻴﻗﺎﻔﺗا) ﺔﻛﺮﺸﻟا ىﺪﻟ يرﺎﻤﺜﺘﺳﻻا
:تﺎﻔﻳﺮﻌﺗ.1
،ﺎﻬﻣﺎﻣا ﺔﺤﺿﻮﻤﻟا ﻲﻧﺎﻌﻤﻟا ﺔﻴﻟﺎﺘﻟا تﺎﺤﻠﻄﺼﻤﻠﻟ نﻮﻜﻳ ﺎﻬﻔﻳﺮﻌﺗ ﻢﺘﻳ نا نود ﺔﻓﺮﻌﻣ وﺪﺒﺗ ﻲﺘﻟا تﺎﺤﻠﻄﺼﻤﻠﻟ نﻮﻜﻳو
.يرﺎﻤﺜﺘﺳﻻا بﺎﺴﺤﻟا ﺔﻴﻗﺎﻔﺗا ﻲﻓ ﺎﻬﻟ ﻰﻄﻌﻤﻟا ﻰﻨﻌﻤﻟا ﺔﻴﻗﺎﻔﺗﻻا هﺬﻫ ﻲﻓ
؛قﺎﻴﺴﻟا ﻪﻴﻀﺘﻘﻳ ﺎﻤﺒﺴﺣ ،ﺔﻴﻟﺎﻤﻟا قاروﻷا ﻲﻓ ،رﺎﻤﺜﺘﺳﻻا ،ءاﺮﺸﻟا ﻲﻨﻌﺗ "يﺮﺘﺸﻳ"
مﻮــﺳﺮﻤــﻟﺎــﺑ ردﺎﺼــﻟا يدﻮﻌﺴــﻟا ﺔﻴــﻟﺎﻤــﻟا قﻮﺴــﻟا مﺎﻈــﻧ ﻲﻨﻌــﻳ "ﺔﻴــﻟﺎﻤــﻟا قﻮﺴــﻟا مﺎﻈــﻧ"
؛تﻼﻳﺪﻌﺗ ﻦﻣ ﻪﻴﻠﻋ أﺮﻄﻳ ﺎﻣو ـﻫ2/6/1424 ﺦﻳرﺎﺗو 30/م ﻢﻗر ﻲﻜﻠﻤﻟا
؛ﺔﻳدﻮﻌﺴﻟا ﺔﻴﻟﺎﻤﻟا قﻮﺴﻟا ﺔﺌﻴﻫ ﻲﻨﻌﺗ "ﺔﺌﻴﻬﻟا"
ﻦـﻣ ةردﺎـﺻ ﺮـﻣاوأ وا تاءاﺮـﺟإ وا تﺎﻬﻴـﺟﻮـﺗ وا ﺪـﻋاﻮـﻗ وا ﺢـﺋاﻮـﻟ ﺔـﻳأ ﻲﻨﻌـﺗ "ﺔﺌﻴـﻬﻟا ﺢـﺋاﻮـﻟ"
؛تﻼﻳﺪﻌﺗ ﻦﻣ ﺎﻬﻴﻠﻋ أﺮﻄﻳ ﺎﻣو ،ﺔﻴﻟﺎﻤﻟا قﻮﺴﻟا مﺎﻈﻧ ﺐﺟﻮﻤﺑ ﺔﺌﻴﻬﻟا
تﺎــﻣﺪــﺨﻟا ءادأ ءﺎﻘــﻟ ﺔــﻛﺮــﺸﻟا ﺎﻬﻘﺤﺘــﺴﺗ ﻲﺘــﻟا مﻮــﺳﺮــﻟا ﺔﻤــﺋﺎــﻗ ﻲﻨﻌــﺗ "مﻮــﺳﺮــﻟا ﺔﻤــﺋﺎــﻗ"
؛ﺮﺧﻷ ﺖﻗو ﻦﻣ تاﺮﻴﻴﻐﺘﻟ ﻊﻀﺨﺗ ﻲﺘﻟاو ﺔﻴﻗﺎﻔﺗﻻا هﺬﻫ ﺐﺟﻮﻤﺑ
“Securities“ means any of the following
1- Shares;
2- debt instruments;
3- warrants;
4- certificates;
5- options;
6- futures;
7- contracts for differences;
8- long term insurance contracts; and
9- any right to or interest in anything mentioned in any of the items 1 through 9 above.
”Instruction“ or ”Instructions“ means any instructions by the Client )or any person duly authorised by the Client, as officially notified to the Company and accepted by the Company( to the Company in relation to the execution of a purchase or sale transaction in Securities given in accordance with Clause 8 hereof;
”Portfolio“ means the Securities entrusted to the care of the Company by the Client in the course of the Company’s performance of any of the services contemplated hereunder;
”Investment Account“ means the segregated Client account or accounts to be maintained by the Company pursuant to Clause 13 hereof for the purpose of maintaining a financial deposit in order to invest in Securities and pay the costs of all its transactions or Instructions;
”Selling“ means the selling of a security for consideration, surrendering, assigning or converting rights under a security or assuming a corresponding liability;
”Services“ means the services set forth in Clause 4 of this Agreement; ”Laws and Regulations“ means collectively the following;
a) The Saudi Capital Market Law and the CMA Regulations, as amended;
b) The Laws and Regulations of any relevant market and clearing house in or through which the Client Instruction is executed;
c) Any circulars and instructions issued by the CMA; and
d) Any other applicable laws and regulations, including without limitation any regulations, decrees, laws, ministerial orders, judgments, orders, decisions and awards of any court or competent authority, rules and any other instruments having the force of law in the Kingdom of Saudi Arabia, as they may be issued and in force from time to time.
”Business Day“ means the official business days of the Company and the relevant stock exchange;
”Client Funds“ means the funds considered to belong to the Client as defined
in the relevant CMA regulations and any amendments thereto;
”Commodities“ means any commodities ( including currencies and metals) traded on any exchange or other recognised associations;
”Option Contract“ means an option to acquire or dispose of a security, currency or commodity; or an option to acquire or sell a specific option contract
:ﻲﺗﻻا ﻦﻣ ﺎﻳأ ﻲﻨﻌﺗ “ﺔﻴﻟﺎﻤﻟا قاروﻷا” وأ “ﺔﻴﻟﺎﻤﻟا ﺔﻗرﻮﻟا”
ﻢﻬﺳﻻا .1
.ﻦﻳﺪﻟا تاودأ .2
بﺎﺘﺘﻛﻻا ﻖﺣ ةﺮﻛﺬﻣ .3
تادﺎﻬﺸﻟا .4
.رﺎﻴﺨﻟا دﻮﻘﻋ .5
.ﺔﻴﻠﺒﻘﺘﺴﻤﻟا دﻮﻘﻌﻟا .6
.تﺎﻗوﺮﻔﻟا دﻮﻘﻋ .7
.ﺪﻣﻻا ﻞﻳﻮﻃ ﻦﻴﻣﺄﺘﻟا دﻮﻘﻋ .8
ﺔﻌـﺳﺎﺘـﻟا ﻰﺘـﺣو ﻰـﻟوﻻا ﻦـﻣ تاﺮﻘﻔـﻟا ﻲـﻓ هﺪـﻳﺪـﺤﺗ درو ﺎﻤـﻣ يأ ﻲـﻓ ﺔﺤﻠﺼـﻣ وأ ﻖﺤـﻳ .9
.هﻼﻋأ
ﺔﻴـﻧﻮـﻧﺎـﻗ ﺔﻔﺼـﺑ ﻞﻴﻤﻌـﻟا ﻪـﺿﻮﻔـﻳ ﺺﺨـﺷ وأ ﻞﻴﻤﻌـﻟا ﺎﻬﻬـﺟﻮـﻳ تﺎﻤﻴﻠﻌـﺗ ﻲﻨﻌـﺗ “تﺎﻤﻴﻠﻌﺘـﻟا”
ﺬﻴﻔﻨﺘـﺑ ﻖﻠﻌﺘـﻳ ﺎﻤﻴـﻓ ﺔـﻛﺮـﺸﻠﻟ )ﺔـﻛﺮـﺸﻟا ﻞﺒـﻗ ﻦـﻣ ﻪـﻟﻮﺒـﻗ ﻢﺘـﻳو ﺎﻴﻤـﺳر ﺔـﻛﺮـﺸﻟا ﻪـﺑ ﻎﻠﺒـﻳو
؛ﺔﻴﻗﺎﻔﺗﻻا هﺬﻫ ﻦﻣ (8 )ةﺮﻘﻔﻠﻟ ﺎﻘﺒﻃ ﻚﻟذو ،ﺔﻴﻟﺎﻣ ﺔﻗرو ﻲﻓ ﻊﻴﺒﻟا وأ ءاﺮﺸﻟﺎﺑ ﺔﻘﻔﺻ
ﻞﺒـﻗ ﻦـﻣ ﺔـﻛﺮـﺸﻟا ىﺪـﻟ ﺎﻬﻈﻔﺤـﺑ دﻮﻬﻌﻤـﻟا ﺔﻴـﻟﺎﻤـﻟا قاروﻻا ﻲـﻟﺎﻤـﺟإ ﻲﻨﻌـﺗ “ﺔﻈﻔﺤﻤـﻟا"
؛ﺔﻴﻗﺎﻔﺗﻻا هﺬﻫ ﻲﻓ ﺔﻴﻨﻌﻤﻟا تﺎﻣﺪﺨﻟا ﻦﻣ يﺄﺑ ﺔﻛﺮﺸﻟا مﺎﻴﻗ ءﺎﻨﺛأ ﻞﻴﻤﻌﻟا
ﺎﻬـﺑ ﻆﻔﺘﺤـﻳ ﻲﺘـﻟا ﺔﻠﺼﻔﻨﻤـﻟا ﻞﻴﻤﻌـﻟا تﺎـﺑﺎﺴـﺣ وأ بﺎﺴـﺣ ﻲﻨﻌـﻳ “يرﺎﻤﺜﺘـﺳﻻا بﺎﺴﺤـﻟا” ﻲــﻟﺎــﻣ ﺪﻴــﺻﺮــﺑ ظﺎﻔﺘــﺣﻻا ضﺮﻐــﻟ ﺔﻴــﻗﺎﻔــﺗﻻا هﺬــﻫ ﻦــﻣ (13) ةﺮﻘﻔــﻟا ﻖــﻓو ﺔــﻛﺮــﺸﻟا ىﺪــﻟ
؛ﻪﺗﺎﻤﻴﻠﻌﺗ وأ ﻪﺗﺎﻴﻠﻤﻋ ﻒﻴﻟﺎﻜﺗ ﺔﻓﺎﻛ ﺪﻳﺪﺴﺘﻟو ﺔﻴﻟﺎﻤﻟا قاروﻻا ﻲﻓ رﺎﻤﺜﺘﺳﻼﻟ
لزﺎﻨﺘــﻟا وأ ﺔﻴــﻟﺎﻤــﻟا ﺔــﻗرﻮــﻟا xxxxxx ﻢﻴﻠــﺴﺗ وأ ،ﻦﻤــﺛ ءﺎﻘــﻟ ﺔﻴــﻟﺎــﻣ ﺔــﻗرو ﻊﻴــﺑ ﻲﻨﻌــﻳ “ﻊــــﻴـــﺑ"
؛ﺎﻬﻴﻠﻋ ﺐﺗﺮﺘﻣ ماﺰﺘﻟا ﻞﻤﺤﺗ وأ ﺎﻬﻠﻳﻮﺤﺗ وأ ﺎﻬﻨﻋ
؛ﺔﻴﻗﺎﻔﺗﻻا هﺬﻫ ﻦﻣ( 4( ةﺮﻘﻔﻟا ﻲﻓ ﺔﺤﺿﻮﻤﻟا تﺎﻣﺪﺨﻟا ﻲﻨﻌﺗ “تﺎﻣﺪﺨﻟا”
:ﻲﺗﻻا ﺔﻌﻤﺘﺠﻣ ﻲﻨﻌﺗ “ﺢﺋاﻮﻠﻟاو ﺔﻤﻈﻧﻻا”
؛تﻼﻳﺪﻌﺗ ﻦﻣ ﺎﻬﻴﻠﻋ أﺮﻄﻳ ﺎﻣو ،ﺔﺌﻴﻬﻟا ﺢﺋاﻮﻟو ﺔﻳدﻮﻌﺴﻟا ﺔﻴﻟﺎﻤﻟا قﻮﺴﻟا مﺎﻈﻧ ( 1
تﺎﻤﻴﻠﻌــﺗ ﺬﻴﻔﻨــﺗ ﻢﺘــﻳ ﺔــﺻﺎﻘــﻣ ﺔــﻓﺮــﻏو ﺔﻴــﻟﺎــﻣ قﻮــﺳ يأ ىﺪــﻟ ﺪــﻋاﻮﻘــﻟاو ﺔﻤﻈــﻧﻻا ( 2
؛ﺎﻬﻟﻼﺧ ﻦﻣ وأ ﺎﻬﻴﻓ ﻞﻴﻤﻌﻟا
؛ﺔﺌﻴﻬﻟا ﻦﻋ ةردﺎﺼﻟا تﺎﻤﻴﻠﻌﺘﻟاو ﻢﻴﻣﺎﻌﺘﻟا ( 3
ﻢﻴـــﺳاﺮﻤـــﻟاو ﺢـــﺋاﻮﻠـــﻟا ﺮﺼـــﺣ نود ﻞﻤﺸـــﺗو ،ﻖﻴﺒﻄﺘـــﻟا ﺔﺒـــﺟاو ﺢـــﺋاﻮـــﻟو ﺔﻤﻈـــﻧأ ﺔـــﻳأ ( 4 وأ ﺔﻤﻜﺤـﻣ يأ ﻦـﻋ ةردﺎﺼـﻟا تاراﺮﻘـﻟاو ﺮـﻣاوﻻاو مﺎﻜـﺣﻻاو ﺔـﻳرازﻮـﻟا تاراﺮﻘـﻟاو ﺔﻤﻈـﻧﻻاو ﺎــﻫراﺪــﺻإ ﻢﺘــﻳ ﺎﻤــﻛ نﻮــﻧﺎﻘــﻟا ةﻮــﻗ ﻪــﻟ نﻮﻜــﻳ ﺎﻤــﻣ ﻚــﻟذ ﺮﻴــﻏ وأ ﺪــﻋاﻮﻘــﻟاو ،ﺔﺼﺘﺨــﻣ ﺔﺌﻴــﻫ
.ﺮﺧﻷ ﺖﻗو ﻦﻣ ﺎﻫدﺎﻔﻧو
؛ﺔﻘﻟﺎﻌﻟا تاذ ﺔﻴﻟﺎﻤﻟا قاﻮﺳﻻاو ﺔﻛﺮﺸﻠﻟ ﻞﻤﻌﻟا مﺎﻳأ ﻲﻨﻌﻳ “ﻞﻤﻋ مﻮﻳ” ﻲــﻓ ﻪــﻧﺎﻴــﺑ ﻢﺘــﻳ ﺎــﻣ ﺐــﺴﺣ ﻞﻴﻤﻌﻠــﻟ ةﺪــﺋﺎــﻋ ﻻاﻮــﻣا ﺮﺒﺘﻌــﺗ ﻲﺘــﻟا لاﻮــﻣﻻا "ﻞﻴﻤﻌــﻟا لاﻮــﻣأ"
.تﻼﻳﺪﻌﺗ ﻦﻣ ﺎﻬﻴﻠﻋ اﺮﻄﻳ ﺎﻣو ،ﺔﻗﻼﻌﻟا تاذ ﺔﺌﻴﻬﻟا ﺢﺋاﻮﻟ
قﻮـﺳ يأ ﻲـﻓ ﺔـﻟواﺪﺘﻤـﻟا (ندﺎﻌﻤـﻟاو تﻼﻤﻌـﻟا ﻚـﻟذ ﻲـﻓ ﺎﻤـﺑ) ﻊﻠـﺳ يأ ﻲﻨﻌـﺗ “ﻊﻠـﺴﻟا”
؛ﺎﻬﺑ فﺮﺘﻌﻣ ﺔﻴﻌﻤﺟ وأ
وأ ،ﺔــﻳﺪﻘــﻧ ﺔﻠﻤــﻋ وأ ،ﺔﻴــﻟﺎــﻣ ﺔــﻗرﻮــﺑ فﺮﺼﺘــﻟا وأ ﻚﻠﻤﺘﻠــﻟ رﺎﻴــﺧ ﺪﻘــﻋ ﻲﻨﻌــﻳ “رﺎﻴﺨــﻟا ﺪﻘــﻋ”
؛دﺪﺤﻣ رﺎﻴﺧ ﺪﻘﻋ ﻊﻴﺑ وأ ءاﺮﺸﻟ ﺪﻘﻋ وأ ،ﻊﻠﺴﻟا
”Transaction“ or ”Transactions“ means the execution of a purchase or sale of securities or Commodities that the Company deals in.
”Tadawul System“ The collection of electronic systems for trading listed securities in the market.
”Trading“ Buying and selling transactions for the listed securities in the Stock Market that are initiated by the client or the legal custodian.
”CMA Trading Commission“ The commission rate set by CMA for the buying and selling of the listed Saudi market securities.
”Gross Trading Commission“ Total amount which is accounted by the company for the execution of the buy and sell transactions in the listed securities in the
”Saudi Company Tadawul specified commission“ The commission which is paid to Xxxxxxx from each buy and sell execution in the securities market.
”Gross Commission before discount“ the gross commission which the
discount percentage will be applied on after excluding Xxxxxxx’x commission.
”Discount Rate“ The discounted rate granted by the company for the client from the trading commission after excluding Xxxxxxx’x commission.
”Net Commission“ The commission which is obtained by the company after excluding Xxxxxxx’x commission & the discounted commission given to the client from the gross commission.
مﻮﻘـﺗ ﻲﺘـﻟا ﻊﻠـﺴﻟا وأ ﺔﻴـﻟﺎﻤـﻟا قاروﻻا ﻊﻴـﺑ وأ ءاﺮـﺷ ﺬﻴﻔﻨـﺗ ﻲﻨﻌـﺗ “ﺔﻘﻔﺼـﻟا” وأ “تﺎﻘﻔﺼـﻟا”
.ﺎﻬﺑ ﻞﻣﺎﻌﺘﻟﺎﺑ ﺔﻛﺮﺸﻟا
ﺔـــﺟرﺪﻤـــﻟا ﺔﻴـــﻟﺎﻤـــﻟا قاروﻻا لواﺪﺘـــﻟ ﺔﻴـــﻧوﺮﺘﻜـــﻟﻻا ﺔﻤﻈـــﻧﻻا ﺔـــﻋﻮﻤـــﺠﻣ “لواﺪﺘـــﻟا مﺎﻈـــﻧ”
.قﻮﺴﻟا ىﺪﻟ ﺔﻣﺪﺨﺘﺴﻤﻟا
ﻦــﻣ رﺪﺼــﺗ ﻲﺘــﻟا ﺔﻴــﻟﺎﻤــﻟا قﻮﺴــﻟا ﻲــﻓ ﺔــﺟرﺪﻤــﻟا ﻢﻬــﺳﻻا ءاﺮــﺷو ﻊﻴــﺑ تﺎﻴﻠﻤــﻋ “لواﺪﺘــﻟا ”
.ﺎﻋﺮﺷ ﻪﻠﻛﻮﻳ ﻦﻣ وا ﻞﻴﻤﻌﻟا
ةدﺪـﺤﻤﻟا ﺔـﻟﻮﻤﻌـﻟا ﺎﻬـﺑ ﺪﺼﻘـﻳ “ﺔﻴـﻟﺎﻤـﻟا قﻮﺴـﻟا ﺔﺌﻴـﻫ ﻞﺒـﻗ ﻦـﻣ ةدﺪـﺤﻤﻟا لواﺪﺘـﻟا ﺔـﻟﻮﻤـﻋ” قﻮﺴـﻟا ﻲـﻓ ﺔـﺟرﺪﻤـﻟا ﻢﻬـﺳﻻا ءاﺮـﺷو ﻊﻴـﺑ تﺎﻴﻠﻤـﻋ ﻰﻠـﻋ ﺔﻴـﻟﺎﻤـﻟا قﻮﺴـﻟا ﺔﺌﻴـﻫ ﻞﺒـﻗ ﻦـﻣ
.ﺔﻴﻟﺎﻤﻟا
ﻞﻴﻤﻌـﻟا ﺬﻴﻔﻨـﺗ ﺔﺠﻴﺘـﻧ ﺔـﻛﺮـﺸﻟا ﺎـﻫﺪـﺻﺮـﺗ ﻲﺘـﻟا ﺔﻴـﻟﺎﻤـﺟﻻا ﻎـﻟﺎﺒﻤـﻟا “لواﺪﺘـﻟا تﻻﻮﻤـﻋ ﻲـﻟﺎﻤـﺟإ”
.ﺔﻛﺮﺸﻟا لﻼﺧ ﻦﻣ ﺔﺟرﺪﻤﻟا ﻢﻬﺳﻻا ﻊﻴﺑو ءاﺮﺷ تﺎﻴﻠﻤﻌﻟ
ﺎﻬﻴﻠـﻋ ﻞﺼﺤـﺗ ﻲﺘـﻟا ﺔـﻟﻮﻤﻌـﻟا “لواﺪـﺗ ﺔـﻳدﻮﻌﺴـﻟا ﺔـﻛﺮـﺸﻟا ﻞﺒـﻗ ﻦـﻣ ةدﺪـﺤﻤﻟا لواﺪـﺗ ﺔـﻟﻮﻤـﻋ”
.ﺔﻴﻟﺎﻤﻟا قﻮﺴﻟا ﻲﻓ ءاﺮﺷو ﻊﻴﺑ ﺔﻴﻠﻤﻋ ﻞﻛ ﻦﻣ لواﺪﺗ
ﻢﺼﺨـﻟا ﺔﺒـﺴﻧ ﻖﻴﺒﻄـﺗ ﻢﺘـﻳ فﻮـﺳ ﻲﺘـﻟا ﺔـﻟﻮﻤﻌـﻟا ﻲـﻟﺎﻤـﺟإ “ﻢﺼﺨـﻟا ﻞﺒـﻗ ﺔـﻟﻮﻤﻌـﻟا ﻲـﻟﺎﻤـﺟإ"
.لواﺪﺗ ﺔﻟﻮﻤﻋ عﺎﻄﺘﻗا ﺪﻌﺑ ﻞﻴﻤﻌﻠﻟ ﺔﺣﻮﻨﻤﻤﻟا
ﺔـﻟﻮﻤـﻋ ﻦـﻣ ﻞﻴﻤﻌﻠـﻟ ﺔـﻛﺮـﺸﻟا ﺎﻬﺤﻨﻤـﺗ ﻲﺘـﻟا ﺔـﻟﻮﻤﻌـﻟا ﻰﻠـﻋ ﻢﺼﺨـﻟا ﺔﺒـﺴﻧ “ﻢﺼﺨـﻟا ﺔﺒـﺴﻧ”
.لواﺪﺗ ﺔﻟﻮﻤﻋ عﺎﻄﺘﻗا ﺪﻌﺑ لواﺪﺘﻟا
ﺔﺒـﺴﻧو لواﺪـﺗ ﺔـﻟﻮﻤـﻋ عﺎﻄﺘـﻗا ﺪﻌـﺑ ﺔـﻛﺮـﺸﻟا ﺎـﻫﺬـﺧﺄـﺗ ﻲﺘـﻟا ﺔـﻟﻮﻤﻌـﻟا “تﻻﻮﻤﻌـﻟا ﻲـﻓﺎـﺻ"
.لواﺪﺘﻟا ﺔﻟﻮﻤﻋ ﻦﻣ ﻞﻴﻤﻌﻟا ﻰﻟإ ﺔﺣﻮﻨﻤﻤﻟا ﻢﺼﺨﻟا
2. General Terms and Conditions
2.1 The Company is authorised and regulated by the CMA to conduct securities business in the Kingdom of Saudi Arabia pursuant to CMA License No. )07070-37(, and its principal place of business in the Kingdom of Saudi Arabia is:
P.O. Box 21116, Riyadh 11475, Kingdom of Saudi Arabia Website: xxx.xxxxxxxxxxxx.xxx
Phone No.: 000000000
2.2 This Agreement constitutes a legally binding document which will govern the basis on which the Company will provide the Services specified in Clause 4 below to the Client.
2.3 It is the Client’s sole responsibility to ensure that its execution of this Agreement and the contracts and Transactions effected with the Company thereunder now or in the future are in accordance with the Client’s investment objectives and comply in all respects with the Laws and Regulations or other regulatory restrictions upon the Client entering into such contracts and Transactions.
2.4 This Agreement will take effect after the Company receives from the Client an executed copy of this Agreement, attached with the required documents, in the format and language acceptable to the Company.
2.5 All Transactions that the Client wishes to execute will be subject to the Laws and Regulations, and the Client agrees that it will act in accordance with all applicable Laws and Regulations with respect to the Services provided under this Agreement.
2.6 If there is any conflict between this Agreement and any of the Laws and Regulations, the Laws and Regulations shall prevail to the extent of the inconsistency.
:ﺔﻣﺎﻌﻟا طوﺮﺸﻟاو مﺎﻜﺣﻻا.2
قاروﻻا لﺎﻤــﻋأ ﺔــﻟواﺰﻤــﻟ ﺎﻬــﻓاﺮــﺷﻹ ﻊﻀﺨــﺗو ﺔﺌﻴــﻬﻟا ﻞﺒــﻗ ﻦــﻣ ﺎﻬــﻟ ﺺــﺧﺮــﻣ ﺔــﻛﺮــﺸﻟا 1.2
ﺎﻬـﻧاﻮﻨـﻋو(، 07070-37) ﻢـﻗر ﺺﻴـﺧﺮﺘـﻟا ﺐـﺟﻮﻤـﺑ ﺔـﻳدﻮﻌﺴـﻟا ﺔﻴـﺑﺮﻌـﻟا ﺔﻜﻠﻤﻤـﻟا ﻲـﻓ ﺔﻴـﻟﺎﻤـﻟا
:ﻮﻫ ﺔﻜﻠﻤﻤﻟا ﻲﻓ ﻲﺴﻴﺋﺮﻟا
ﻊــــــــﻗﻮﻤــــــــﻟا ﺔــــــــﻳدﻮﻌﺴــــــــﻟا ﺔﻴــــــــﺑﺮﻌــــــــﻟا ﺔﻜﻠﻤﻤــــــــﻟا، 11475 ضﺎــــــــﻳﺮــــــــﻟا، 21116 ب ص
( xxx.xxxxxxxxxxxx.xxx ):ﻲﻧوﺮﺘﻜﻟﻻا
920012299 :ﺪﺣﻮﻤﻟا ﻢﻗﺮﻟا
ءﺎﻨــﺑ مﺪﻘــﺗ يﺬــﻟا سﺎــﺳﻻا ﻢﻜﺤﺘــﺳو ﺎﻴــﻧﻮــﻧﺎــﻗ ﺔــﻣﺰﻠــﻣ ﺔﻘﻴــﺛو ﺔﻴــﻗﺎﻔــﺗﻻا هﺬــﻫ ﻞﻜﺸــﺗ 2.2
.ﻞﻴﻤﻌﻠﻟ هﺎﻧدأ( 4( ةﺮﻘﻔﻟا ﻲﻓ ةدﺪﺤﻤﻟا تﺎﻣﺪﺨﻟا ﺔﻛﺮﺸﻟا ﻪﻴﻠﻋ
دﻮﻘﻌـــﻟاو ﺔﻴـــﻗﺎﻔـــﺗﻻا هﺬـــﻬﻟ ﻪﻌﻴـــﻗﻮـــﺗ نأ نﺎﻤـــﺿ ﺔﻴـــﻟوﺆﺴـــﻣ هﺪـــﺣو ﻞﻴﻤﻌـــﻟا ﻞﻤـــﺤﺘﻳ 3.2 ضاﺮـﻏأ ﻊـﻣ ﺔﻘـﻓاﻮﺘـﻣ ﻞﺒﻘﺘـﺴﻤﻟا ﻲـﻓو ﺎﻴـﻟﺎـﺣ ﺎﻬـﻟﻼـﺧ ﻦـﻣ ﺔـﻛﺮـﺸﻟا ﻊـﻣ ﺔـﻣﺮﺒﻤـﻟا تﺎﻘﻔﺼـﻟاو ﺎﻬــﺑ لﻮﻤﻌﻤــﻟا ﺢــﺋاﻮﻠــﻟاو ﺔﻤﻈــﻧﻻا ﻊــﻣ ﻲــﺣاﻮﻨــﻟا ﻞــﻛ ﻦــﻣ ﻰــﺷﺎﻤﺘــﺗو ﺔــﻳرﺎﻤﺜﺘــﺳﻻا ﻞﻴﻤﻌــﻟا دﻮﻘﻌـــﻟا هﺬـــﻫ ﻞﺜـــﻣ ﻪـــﻣاﺮـــﺑإ ﺪﻨـــﻋ ﻞﻴﻤﻌـــﻟا ﻰﻠـــﻋ ﻊﻘـــﺗ ﻲﺘـــﻟا ىﺮـــﺧﻻا ﺔﻴﻤﻴﻈﻨﺘـــﻟا دﻮﻴﻘـــﻟاو
.تﺎﻘﻔﺼﻟاو
هﺬـــﻫ ﻦـــﻣ ﺔﺨﺴـــﻧ ﺔـــﻛﺮـــﺸﻟا مﻼﺘـــﺳا ﺪﻌـــﺑ لﻮﻌﻔﻤـــﻟا ﺔـــﻳرﺎـــﺳ ﺔﻴـــﻗﺎﻔـــﺗﻻا هﺬـــﻫ ﺢﺒﺼـــﺗ 4.2 ﻲﺘـﻟا ﺔﻐﻴﺼـﻟاو ﻞﻜﺸـﻟﺎـﺑ ﺔـﺑﻮﻠﻄﻤـﻟا تاﺪﻨﺘـﺴﻤﻟا ﺎﻬـﺑ ﻖـﻓﺮـﻣ ﻞﻴﻤﻌـﻟا ﻦـﻣ ﺔﻌـﻗﻮـﻣ ﺔﻴـﻗﺎﻔـﺗﻻا ﺎــﻫﺬﻴﻔﻨــﺗ ﻞﻴﻤﻌــﻟا ﺐــﻏﺮــﻳ ﻲﺘــﻟا تﺎﻘﻔﺼــﻟا ﻊﻴﻤــﺟ ﻊﻀﺨــﺗ .ﺔــﻛﺮــﺸﻟا ﻞﺒــﻗ ﻦــﻣ ﺔــﻟﻮﺒﻘــﻣ نﻮﻜــﺗ
ماﺰﺘﻟﻻا ﻰﻠﻋ ﻞﻴﻤﻌﻟا ﻖﻓاﻮﻳ ﺎﻤﻛ ،ﺢﺋاﻮﻠﻟاو ﺔﻤﻈﻧﻸﻟ
ﺐـﺟﻮﻤـﺑ ﺔـﻣﺪﻘﻤـﻟا تﺎـﻣﺪـﺨﻟﺎـﺑ ﺔﻘﻠﻌﺘﻤـﻟا ﻪـﺗﺎـﻓﺮﺼـﺗ ﻲـﻓ ﺔﻘﺒﻄﻤـﻟا ﺢـﺋاﻮﻠـﻟاو ﺔﻤﻈـﻧﻷﺎـﺑ 5.2
.ﺔﻴﻗﺎﻔﺗﻻا هﺬﻫ
نﻮﻜـﺗ ،ﺢـﺋاﻮﻠـﻟاو ﺔﻤﻈـﻧﻻا ﻦـﻣ يأو ﺔﻴـﻗﺎﻔـﺗﻻا هﺬـﻫ ﻦﻴـﺑ ضرﺎﻌـﺗ يأ دﻮـﺟو ﺔـﻟﺎـﺣ ﻲـﻓ 6.2
.ضرﺎﻌﺘﻟا ﻚﻟذ رﺪﻘﺑ ﺪﻤﺘﻌﻤﻟا ﻊﺟﺮﻤﻟا ﻲﻫ ﺢﺋاﻮﻠﻟاو ﺔﻤﻈﻧﻻا
2.7 The Company may take, or omit to take, any action it considers necessary to ensure compliance with any Laws and Regulations and it will not be liable in respect of any such action taken in good faith. Whatever the Company does or omits to do in order to comply with the Laws and Regulations will be binding on the Client. Any action it takes or omits to take for the purpose of complying with the Laws and Regulations will not render the Company or any of its directors, officers, employees or agents liable.
2.8 This Agreement contains all the terms agreed between the parties regarding the brokerage services and supersedes any prior agreement, understanding or arrangement between the parties pertaining to this Agreement, whether oral or in writing. No representation, undertaking or promise shall be taken to have been given or be implied from anything said or written in negotiations between the parties prior to this Agreement except as expressly stated herein. No party shall have any remedy in respect of any untrue statement made by the other upon which that party relied in entering into this Agreement )unless such untrue statement was made fraudulently or was as to a fundamental matter including a matter fundamental to the other party’s ability to perform its obligations under this Agreement( and that party’s only remedies shall be for breach of contract.
ﺪﻴﻘﺘـــﻟا نﺎﻤﻀـــﻟ ﺎـــﻳروﺮـــﺿ هاﺮـــﺗ ءاﺮـــﺟإ يأ ذﺎﺨـــﺗا ﻦـــﻋ ﻊﻨﺘﻤـــﺗ وأ ﺬـــﺨﺘﺗ نأ ﺔـــﻛﺮـــﺸﻠﻟ زﻮﺠـــﻳ 2.7
ﻲﺘـﻟا تاءاﺮـﺟﻻا ﻦـﻣ يﺄـﺑ ﻖﻠﻌﺘـﻳ ﺎﻤﻴـﻓ ﺔﻴـﻟوﺆﺴـﻣ ﺔـﻳأ ﺎﻬﻴﻠـﻋ ﻊﻘـﺗ ﻻو ،ﺢـﺋاﻮﻠـﻟاو ﺔﻤﻈـﻧﻷﺎـﺑ
ﺔﻛﺮﺸﻟا ﻪﺑ مﻮﻘﺗ ﺎﻣ ﻞﻛ ﺮﺒﺘﻌﻳو .ﺔﻴﻧ ﻦﺴﺤﺑ ﺎﻫﺬﺨﺘﺗ ﻦﻜـﺗ ﺎـﻳأو .ﻞﻴﻤﻌﻠـﻟً ﺎـﻣﺰﻠـﻣ ﺢـﺋاﻮﻠـﻟاو ﺔﻤﻈـﻧﻻا ﻊـﻣ ﻖـﻓاﻮﺘـﻟا ﻞـﺟأ ﻦـﻣ ﻪـﺑ مﺎﻴﻘـﻟا ﻦـﻋ ﻊﻨﺘﻤـﺗ وأ ﺔﻤﻈــﻧﻷﺎــﺑ ﺪﻴﻘﺘــﻟا ﻞــﺟا ﻦــﻣ ﺎﻬــﺑ مﺎﻴﻘــﻟا ﻦــﻋ ﻊﻨﺘﻤــﺗ وأ ﺔــﻛﺮــﺸﻟا ﺎﻬــﺑ مﻮﻘــﺗ ﻲﺘــﻟا تاءاﺮــﺟﻻا وأ ﺎﻬـﻳﺮـﻳﺪـﻣ ﻦـﻣ يأ ﻰﻠـﻋ وأ ﺎﻬﻴﻠـﻋ ﺔﻴـﻟوﺆﺴـﻣ ﺔـﻳأ ﻊـﻗﻮـﺗ تﺎﻌﺒـﺗ ﺔـﻳأ ﺎﻬـﻟ نﻮﻜـﻳ ﻦﻠـﻓ ،ﺢـﺋاﻮﻠـﻟاو
.ﺎﻬﺋﻼﻛو وأ ﺎﻬﻴﻔﻇﻮﻣ وأ ﺎﻬﻴﻟوﺆﺴﻣ
ﺎﻤﻴــﻓ فاﺮــﻃﻻا ﻦﻴــﺑ ﺎﻬﻴﻠــﻋ ﻖﻔﺘﻤــﻟا طوﺮــﺸﻟا ﻊﻴﻤــﺟ ﻰﻠــﻋ ﺔﻴــﻗﺎﻔــﺗﻻا هﺬــﻫ ﻞﻤﺘــﺸﺗ 2.8 ﻖﻠﻌﺘﻳ ﺎﻤﻴﻓ ﻢﻬﻨﻴﺑ ﻖﺑﺎﺳ ﺐﻴﺗﺮﺗ وا ﺪﻬﻌﺗ وأ ﺔﻴﻗﺎﻔﺗا يأ ﻲﻐﻠﺗو ﺔﻃﺎﺳﻮﻟا تﺎﻣﺪﺨﺑ ﻖﻠﻌﺘﻳ وأ ﺪـﻬﻌﺗ وأ نﺎﻴـﺑ وأ راﺮـﻗإ يأ رﺎﺒﺘـﻋا زﻮﺠـﻳ ﻦـﻟو .ﺔـﺑﺎﺘـﻛ مأ ﺎﻴـﻬﻔﺷ ،ﺔﻴـﻗﺎﻔـﺗﻻا هﺬـﻫ عﻮـﺿﻮﻤـﺑ ﻞﺒـﻗ فاﺮـﻃﻻا ﻦﻴـﺑ تﻻواﺪـﻣ ﻲـﻓ ﺐﺘـﻛ وأ ﻞﻴـﻗ ﺎﻤـﻣ ﺎﻴﻨﻤـﺿ مﺪـﻗ وا ﻲﻄـﻋا ﻪـﻧأ ﻰﻠـﻋ ﺪـﻋو يأ فﺮــﻃ يﻷ ﻖﺤــﻳ ﻻو .ﺎﻬﻴــﻓ ﺔــﺣاﺮــﺻ ﻪﻴﻠــﻋ صﻮﺼﻨــﻣ ﻮــﻫ ﺎــﻣ اﺪــﻋ ﺎــﻣ ﺔﻴــﻗﺎﻔــﺗﻻا هﺬــﻫ ﻚـﻟذ ﻪﻴﻠـﻋ ﺪﻤﺘـﻋاو ﺮـﺧﻻا فﺮﻄـﻟا ﻞﺒـﻗ ﻦـﻣ مﺪـﻗ ﺢﻴﺤـﺻ ﺮﻴـﻏ نﺎﻴـﺑ يﺄـﺑ ﻖﻠﻌﺘـﻳ ﺎﻤﻴـﻓ ﺾـﻳﻮﻌـﺗ وأ ﻲـﻟﺎﻴﺘـﺣا ﻞﻜﺸـﺑ ﺢﻴﺤﺼـﻟا ﺮﻴـﻏ نﺎﻴﺒـﻟا اﺬـﻫ مﺪـﻗ اذإ ﻻا) ﺔﻴـﻗﺎﻔـﺗﻻا هﺬـﻫ ماﺮـﺑإ ﻲـﻓ فﺮﻄـﻟا ءادأ ﻰﻠــﻋ ﺮــﺧﻻا فﺮﻄــﻟا ةرﺪﻘــﻟ ﺔﺒــﺴﻨﻟﺎــﺑ ﺎﻤﻬــﻣ اﺮــﻣاً ﻦﻤﻀﺘــﺗ ﺔــﻳﺮــﻫﻮــﺟ ﺔــﻟﺄﺴــﻣ ﺺﺨــﻳ نﺎــﻛ لﻼـﺧﻻا ﻦـﻋ ﻂﻘـﻓ فﺮﻄـﻟا ﻚـﻟذ تﺎﻀـﻳﻮﻌـﺗ نﻮﻜﺘـﺳو( ﺔﻴـﻗﺎﻔـﺗﻻا هﺬـﻫ ﺐـﺟﻮﻤـﺑ ﻪـﺗﺎـﻣاﺰﺘـﻟا
.ﺪﻘﻌﻟﺎﺑ
3.Riyad Capital in its capacity as the Client’s Attorney
The Client hereby unconditionally and irrevocably appoints the Company as its attorney-in-fact with full power of delegation and substitution, to deal with all parties )such as brokers, custodians, counterparts( in order to execute, sign and deliver any documents which may be deemed by the Company or any advisor to be necessary in order to provide Services, particularly concerning the purchase and sale of any Securities and Commodities or rights or future contracts as per Instructions issued by the Client. Any document to be executed by this power may be executed by an officer of the Company.
ﻞﻴﻤﻌﻠﻟ ﻞﻴﻛو ﺎﻬﺘﻔﺼﺑ ﺔﻴﻟﺎﻤﻟا ضﺎﻳﺮﻟا ﺔﻛﺮﺷ. 3
ﻼﻴﻛو ــﺔﻛــﺮﺸﻟا ﺾﻘﻨــﻠﻟ ــﻞﺑــﺎﻗ ﺮــﻴﻏ ﻞﻜــﺸﺑو طــﺮﺷ وأ ﺪــﻴﻗ نوــﺪﺑ ﻪــﺒﺟﻮــﻤﺑ ﻞﻴﻤــﻌﻟا ﻦﻴــﻌﻳ ﻞﺜـﻣ) فاﺮـﻃﻻا ﻊﻴﻤـﺟ ﻊـﻣ ﻪﻨـﻋ ﺔـﺑﺎﻴـﻧ ﻞـﻣﺎﻌﺘﻠـﻟ ﺾـﻳﻮﻔﺘـﻟا ﺔﻴـﺣﻼـﺻ ﻞـﻣﺎﻜـﺑ ﻊﺘﻤﺘـﻳ ﻪﻨـﻋ ﺎـﺿﻮﻔـﻣ ﻖــﺋﺎــﺛﻮــﻟا ﻢﻴﻠــﺴﺗو ﻊﻴــﻗﻮــﺗو ﺬﻴﻔﻨــﺗ ﻞــﺟأ ﻦــﻣ (ةﺮﻴﻈﻨــﻟا فاﺮــﻃﻻاو ﻆﻔﺤــﻟا ءﺎﻨــﻣأو ءﺎﻄــﺳﻮــﻟا ﻊﻴـﺑ وأ ءاﺮـﺷ ﺔﻘﻔـﺻ ﺔـﻳأ ﺺـﺧﻷﺎـﺑو تﺎـﻣﺪـﺨﻟا ﻢـﻳﺪﻘـﺗ مﺎﻤـﺗﻹ ﺔـﻳروﺮـﺿ ﺔـﻛﺮـﺸﻟا ﺎـﻫﺮﺒﺘﻌـﺗ ﻲﺘـﻟا
.ﻞﻴﻤﻌـــﻟا تﺎﻤﻴﻠﻌـــﺗ ً ﻰﻠـــﻋ ءﺎﻨـــﺑ ﺔﻴﻠﺒﻘﺘـــﺴﻣ دﻮﻘـــﻋ وأ xxxxxxx وأ xxxxxxx xxxxxxxxxxx قاروأ ﺔـــﻳﻷ ﻲـﻟوﺆﺴـﻣ ﺪـﺣأ ﻞﺒـﻗ ﻦـﻣ ﺔﻴـﺣﻼﺼـﻟا هﺬـﻬﻟ ﺎﻘـﻓو ﺎﻬﻌﻴـﻗﻮـﺗ ﻦﻴﻌﺘـﻳ ﺔﻘﻴـﺛو يأ ﻊﻴـﻗﻮـﺗ ﻦﻜﻤـﻳو
.ﺔﻛﺮﺸﻟا
4.The Services
4.1 The Company provides, pursuant to this Agreement, and subject always to the Client’s classification and the terms and conditions hereof, the following Services:
๏ Creating investment Portfolio or Portfolios for the Client according to its requirements, and providing relevant administrative services thereto.
๏ Executing: executing Client Instructions regarding dealings in Securities for the account of the Client, in accordance with the Instructions.
๏ Arranging Custody: making possible arrangements and maintaining records in order to provide custody of the Client’s Securities by the Company or arranging for other parties to provide safe custody services of Securities, as necessary, according to Clause 13 of this Agreement.
๏ Advising: providing advice to the Client on the merits of dealing in particular Securities based on the Client classification, as per the Laws and Regulations
4.2 If the Client is classified as an Execution-Only Customer, the Company will only deal as the Client’s agent in accordance with the Instructions that it receives from the Client and the Company will not provide any advice to the Client. The Client shall take full responsibility on any decision to execute a Transaction, and any consequences resulting therefrom without any liability on the Company.
تﺎﻣﺪﺨﻟا.4
طوﺮـﺷو ﻞﻴﻤﻌـﻟا ﻒﻴﻨﺼـﺗ ةﺎـﻋاﺮـﻣ ﻊـﻣ ،ﺔﻴـﻗﺎﻔـﺗﻻا هﺬـﻫ ﺐـﺟﻮﻤـﺑ ﺔـﻛﺮـﺸﻟا مﺪﻘـﺗ فﻮـﺳ 4.1
:ﺔﻴﻟﺎﺘﻟا تﺎﻣﺪﺨﻟا ،تﺎﻗوﻻا ﻞﻛ ﻲﻓ ﺔﻴﻗﺎﻔﺗﻻا مﺎﻜﺣأو
تﺎـﻣﺪـﺨﻟا ﻢـﻳﺪﻘـﺗو ﻪـﺗﺎﺒﻠﻄﺘـﻣ ﻰﻠـﻋ ءﺎﻨـﺑ ﻞﻴﻤﻌﻠـﻟ ﺔـﻳرﺎﻤﺜﺘـﺳا ﻆـﻓﺎﺤـﻣ وأ ﺔﻈﻔﺤـﻣ ءﺎﺸـﻧإ ๏
.ﻚﻟﺬﺑ ﺔﻘﻠﻌﺘﻤﻟا ﺔﻳرادﻻا
ﺎﻘﻓو ﻞﻴﻤﻌﻟا بﺎﺴﺤﻟ ﺔﻴﻟﺎﻤﻟا قاروﻻا ﻲﻓ ﻞﻣﺎﻌﺘﻟﺎﺑ ﻞﻴﻤﻌﻟا تﺎﻤﻴﻠﻌﺗ ﺬﻴﻔﻨﺗ :ﺬﻴﻔﻨﺘﻟا ๏
.تﺎﻤﻴﻠﻌﺘﻠﻟ
ﻆﻔــﺣ ﻞــﺟأ ﻦــﻣ تﻼﺠــﺳ ﻰﻠــﻋ ظﺎﻔﺤــﻟاو ﺔﻨﻜﻤﻤــﻟا تﺎﺒﻴــﺗﺮﺘــﻟا ذﺎﺨــﺗا :ﻆﻔﺤــﻟا ﺐﻴــﺗﺮــﺗ ๏ ىﺮـﺧأ فاﺮـﻃأ ﻊـﻣ ﺐﻴـﺗﺮﺘـﻟا وأ ﺔـﻛﺮـﺸﻟا ﺐـﻧﺎـﺟ ﻦـﻣ ﻞﻴﻤﻌـﻟﺎـﺑ ﺔـﺻﺎﺨـﻟا ﺔﻴـﻟﺎﻤـﻟا قاروﻻا ﺎﻘــــﻓو ﻚــــﻟذ ﻲﻀﺘﻘــــﻳ ﺎﻤﺜﻴــــﺣ ﺔﻴــــﻟﺎﻤــــﻟا قاروﻸــــﻟ ﻦــــﻣﻻا ﻆﻔﺤــــﻟا تﺎــــﻣﺪــــﺧ ﻢــــﻳﺪﻘﺘــــﻟ
.ﺔﻴﻗﺎﻔﺗﻻا هﺬﻫ ﻦﻣ( 13( ةﺮﻘﻔﻠﻟ
،ةدﺪـﺤﻣ ﺔﻴـﻟﺎـﻣ قاروأ ﻲـﻓ ﻞـﻣﺎﻌﺘـﻟا ﺎـﻳاﺰـﻣ نﺄﺸـﺑ ﻞﻴﻤﻌﻠـﻟ ةرﻮﺸﻤـﻟا ﻢـﻳﺪﻘـﺗ :ةرﻮﺸﻤـﻟا ๏
ﺢﺋاﻮﻠﻟاو ﺔﻤﻈﻧﻷا تﺎﺒﻠﻄﺘﻣ ﺐﺴﺣ ﻞﻴﻤﻌﻟا ﻒﻴﻨﺼﺗ ﻰﻠﻋ ءﺎﻨﺑ
ﻂﻘــﻓ ﻞــﻣﺎﻌﺘــﺗ فﻮــﺳ ﺔــﻛﺮــﺸﻟا نﺈــﻓ ،ﻂﻘــﻓ ﺬﻴﻔﻨــﺗ ﻞﻴﻤﻌــﻛ ﻞﻴﻤﻌــﻟا ﻒﻴﻨﺼــﺗ ﻢــﺗ اذإ 4.2 ﻞﻤــﺤﺘﻳو ةرﻮﺸــﻣ ﺔــﻳأ ﻪــﻟ مﺪﻘــﺗ ﻦــﻟو ﻪﻨــﻣ ﺎــﻫﺎﻘﻠﺘــﺗ ﻲﺘــﻟا تﺎﻤﻴﻠﻌﺘﻠــﻟ ﺎﻘﺒــﻃ ﻞﻴﻤﻌﻠــﻟ xxxxxxxxx ﺎﻬﻴﻠـﻋ ﺔﺒـﺗﺮﺘﻤـﻟا ﺞـﺋﺎﺘﻨـﻟاو ﺔﻨﻴﻌـﻣ ﺔﻘﻔـﺻ ﺬﻴﻔﻨـﺗ راﺮـﻗ ﻦـﻋ ﺔﻴـﻟوﺆﺴﻤـﻟا ﻞـﻣﺎـﻛ هدﺮﻔﻤـﺑ ﻞﻴﻤﻌـﻟا
.ﻚﻟﺬﺑ ﺔﻛﺮﺸﻠﻟ ﺔﻘﻟﺎﻋ يأ نود
5.Fees and Commissions
5.1 The Client acknowledges that the Services provided to it will be subject to the fees and commissions determined by the Company from time to time, knowing that the current Fee List as of the date of this Agreement is attached hereto as Annex 1. The Client represents and agrees that such fees may be subject to change from time to time, of which the Company will inform all its clients through the means adopted by the Company, including electronic channels. The Client must notify the Company of any objection to such changes in writing, within seven )7( days from the date of announcement of the amended Fee List, and ask the Company to discontinue the provision of the Services. In any case, the Company may discontinue the Services under this Agreement if the Client objects to the amended Fee List. The Fee List shall apply to all Transactions and dealings from its effective date, as announced.
5.2 The Client acknowledges that the Services provided to it will also be subject to fees and commissions determined by the exchange market dealt in and the Client will bear such fees and commissions. The Client also acknowledges that the Company will not be held liable for any change of the fees and commissions, and that the fees and commissions will be deducted from the Client’s Investment Account in order to be paid.
5.3 The Client acknowledges that the Services provided to it by the parties appointed by the Company from time to time )such as external brokers and external custodians( to perform specific Services will be subject also to fees and commissions determined by such parties and the Client will bear such fees and commissions. The Client also acknowledges that the Company will not be held liable for any change of the fees and commissions, and that the fees and commissions will be deducted from the Client’s Investment Account in order to be paid.
5.4 The Client agrees that the Company may charge the Investment count, without prior notice, any fees or commissions as a result of the provision of Services and the execution of the Client’s Instructions in accordance with the Fee List. Moreover, the Company will charge the Client any expenses that may incur in the course of executing Instructions and providing Services.
5.5 The Company requires all Transactions in Securities to be effected on a delivery against payment basis.
5.6 The Client shall be responsible for all expenses, taxes, fees or other costs or liabilities incurred by the Company in connection with this Agreement, except as otherwise provided in the Fee List. Such other charges may include without limitation:
1) Any judgment, settlement or other costs and expenses, including legal costs, incurred in connection with any actual or threatened action or proceedings relating to this Agreement and the Services provided to the Client.
2) All taxes which may be due or payable on the Securities and the income attributable to the Portfolio or the Investment Account.
3) Registration fees of Securities and custody services.
4) All other costs and expenses reasonably incurred by the Company in connection with the Portfolio and the Services provided to the Client, including without limitation sub-custodian fees.
5.7 The Client authorises the Company to pay automatically, from the Investment Account, the costs of all Transactions made in favour of the Client or its account, including amounts owed by the Client for the purchase of Securities, fees for money transfers, and customary transactional and brokerage fees, as well as any other amounts owed by the Client.
تﻻﻮﻤﻌﻟاو مﻮﺳﺮﻟا . 5
ﺔـﻛﺮـﺸﻟا ﺎـﻫدﺪـﺤﺗ تﻻﻮﻤـﻋو مﻮـﺳﺮـﻟ ﻊﻀﺨـﺗ ﻪـﻟ ﺔـﻣﺪﻘﻤـﻟا تﺎـﻣﺪـﺨﻟا نﺄـﺑ ﻞﻴﻤﻌـﻟا ﺮﻘـﻳ 5.1 ﺦــﻳرﺎــﺗ ﻲــﻓ ﺎﻤــﻛ ﺔﻴــﻟﺎﺤــﻟا مﻮــﺳﺮــﻟا ﺔﻤــﺋﺎــﻗ( 1) ﻢــﻗر ﻖﺤﻠﻤــﻟا ﻲــﻓ ﻖــﻓﺮــﻣو ،ﺮــﺧﻵ ﺖــﻗو ﻦــﻣ ﺮـــﺧﻷ ﺖـــﻗو ﻦـــﻣ ﺮﻴﻴﻐﺘﻠـــﻟ ﻊﻀﺨـــﺗ مﻮـــﺳﺮـــﻟا هﺬـــﻫ نﺄـــﺑ ﻖـــﻓاﻮـــﻳو ﻞﻴﻤﻌـــﻟا ﺮﻘـــﻳو ،ﺔﻴـــﻗﺎﻔـــﺗﻻا ةﺪﻤﺘﻌﻤـﻟا ﻞـﺋﺎـﺳﻮـﻟا xxxxxx ﻦـﻋ ءﻼﻤﻌـﻟا ﺔـﻓﺎﻜـﻟ ﺮﻴﻴﻐـﺗ يأ ﻦـﻋ نﻼـﻋﻹﺎـﺑ ﺔـﻛﺮـﺸﻟا مﻮﻘﺘـﺳو ضاﺮﺘـﻋا يأ ﻦـﻋ ﺔـﻛﺮـﺸﻟا غﻼـﺑإ ﻞﻴﻤﻌﻠـﻟو .ﺔﻴـﻧوﺮﺘﻜـﻟﻻا تاﻮﻨﻘـﻟا ﺎﻬﻨﻤـﺿ ﻦـﻣو ﺔـﻛﺮـﺸﻟا ىﺪـﻟ مﻮـﺳﺮـﻟا ﺔﻤـﺋﺎـﻗ ﻦـﻋ نﻼـﻋﻻا ﺦـﻳرﺎـﺗ ﻦـﻣ مﺎـﻳأ( 7) ةﺮﺘـﻓ لﻼـﺧ ﺔـﺑﺎﺘـﻛ مﻮـﺳﺮـﻟا هﺬـﻫ ﺮﻴﻴﻐـﺗ ﻰﻠـﻋ ﺔـﻛﺮـﺸﻠﻟ ﻖﺤـﻳ لاﻮـﺣﻻا ﻊﻴﻤـﺟ ﻲـﻓو ،تﺎـﻣﺪـﺨﻟا ﻢـﻳﺪﻘـﺗ ﻒـﻗو ﺔـﻛﺮـﺸﻟا ﻦـﻣ ﺐﻠﻄـﻟاو ﺔـﻟﺪﻌﻤـﻟا ﺔﻤـﺋﺎـﻗ ﻰﻠـﻋ ﻞﻴﻤﻌـﻟا ضاﺮﺘـﻋا لﺎـﺣ ﻲـﻓ ﺔﻴـﻗﺎﻔـﺗﻻا هﺬـﻫ ﺐـﺟﻮﻤـﺑ تﺎـﻣﺪـﺨﻟا ﻢـﻳﺪﻘـﺗ ﻒـﻗو تﺎﻘﻔﺼـﻟاو تﻼـﻣﺎﻌﺘـﻟا ﻊﻴﻤـﺟ ﻰﻠـﻋ ﺔـﻳرﺎـﺳ ﺔـﻟﺪﻌﻤـﻟا مﻮـﺳﺮـﻟا نﺄـﺑ ً ﺎﻤﻠـﻋ ،ﺔـﻟﺪﻌﻤـﻟا مﻮـﺳﺮـﻟا
.ﻪﻨﻋ نﻼﻋﻻا ﻢﺘﻳ ﺎﻣ ﺐﺴﺣ ﺎﻫدﺎﻔﻧ ﺦﻳرﺎﺗ ﻦﻣ
ﺎــﻫدﺪــﺤﺗ تﻻﻮﻤــﻋو مﻮــﺳﺮــﻟ ﺎﻀــﻳأ ﻊﻀﺨــﺗ ﻪــﻟ ﺔــﻣﺪﻘﻤــﻟا تﺎــﻣﺪــﺨﻟا نﺄــﺑ ﻞﻴﻤﻌــﻟا ﺮﻘــﻳ 5.2 ﺎﻬﻠﻴﻤـﺤﺗ ﻢﺘﻴـﺳ تﻻﻮﻤﻌـﻟاو مﻮـﺳﺮـﻟا هﺬـﻫ نﺄـﺑو ﺎﻬﻴـﻓ ﻞـﻣﺎﻌﺘـﻟا ﻢﺘـﻳ ﻲﺘـﻟا ﺔﻴـﻟﺎﻤـﻟا قاﻮـﺳﻻا مﻮــﺳﺮــﻟا هﺬــﻫ ﺮﻴﻐــﺗ ﻦــﻋ ﺔــﻟوﺆﺴــﻣ نﻮﻜــﺗ ﻦــﻟ ﺔــﻛﺮــﺸﻟا نﺄــﺑ ﻞﻴﻤﻌــﻟا ﺮﻘــﻳ ﺎﻤــﻛ ،ﻞﻴﻤﻌــﻟا ﻰﻠــﻋ
.ﺎﻫﺪﻳﺪﺴﺘﻟ يرﺎﻤﺜﺘﺳﻻا ﻪﺑﺎﺴﺣ ﻦﻣ ﺎﻬﻤﺼﺨﺑ مﻮﻘﺘﺳو تﻻﻮﻤﻌﻟاو
ﺔـﻛﺮـﺸﻟا ﺎﻬﻨﻴﻌـﺗ ﻲﺘـﻟا فاﺮـﻃﻻا ﻞﺒـﻗ ﻦـﻣ ﻪﺤـﻟﺎﺼـﻟ ﺔـﻣﺪﻘﻤـﻟا تﺎـﻣﺪـﺨﻟا نﺄـﺑ ﻞﻴﻤﻌـﻟا ﺮﻘـﻳ 5.3 ﺔﻨﻴﻌـﻣ تﺎـﻣﺪـﺧ ءادﻻ (ﻦﻴﻴـﺟرﺎﺨـﻟا ﻆﻔﺤـﻟا ءﺎﻨـﻣأو ﻦﻴﻴـﺟرﺎﺨـﻟا ءﺎﻄـﺳﻮـﻟا ﻞﺜـﻣ) ﺮـﺧﻷ ﺖـﻗو ﻦـﻣ تﻻﻮﻤﻌـﻟاو مﻮـﺳﺮـﻟا هﺬـﻫ نﺄـﺑو فاﺮـﻃﻻا ﻚﻠـﺗ ﺎـﻫدﺪـﺤﺗ تﻻﻮﻤـﻋو مﻮـﺳﺮـﻟ ﺎﻀـﻳأ ﻊﻀﺨـﺗ ﺮﻴﻐـﺗ ﻦـﻋ ﺔـﻟوﺆﺴـﻣ نﻮﻜـﺗ ﻦـﻟ ﺔـﻛﺮـﺸﻟا نﺄـﺑ ﻞﻴﻤﻌـﻟا ﺮﻘـﻳ ﺎﻤـﻛ ،ﻞﻴﻤﻌـﻟا ﻰﻠـﻋ ﺎﻬﻠﻴﻤـﺤﺗ ﻢﺘﻴـﺳ
.ﺎﻫﺪﻳﺪﺴﺘﻟ يرﺎﻤﺜﺘﺳﻻا ﻪﺑﺎﺴﺣ ﻦﻣ ﺎﻬﻤﺼﺨﺑ مﻮﻘﺘﺳو تﻻﻮﻤﻌﻟاو مﻮﺳﺮﻟا هﺬﻫ
رﺎﻄـــﺧإ نود ،يرﺎﻤﺜﺘـــﺳﻻا بﺎﺴﺤـــﻟا ﻰﻠـــﻋ ﺔـــﻛﺮـــﺸﻟا ﺪﻴﻘـــﺗ نأ ﻰﻠـــﻋ ﻞﻴﻤﻌـــﻟا ﻖـــﻓاﻮـــﻳ 5.4
،ﻞﻴﻤﻌــﻟا تﺎﻤﻴﻠﻌــﺗ ﺬﻴﻔﻨــﺗو تﺎــﻣﺪــﺨﻟا ﻢــﻳﺪﻘــﺗ ﻦــﻋ ﺔﺠــﺗﺎــﻧ تﻻﻮﻤــﻋ وأ مﻮــﺳر ﺔــﻳأ ،ﻖﺒــﺴﻣ تﺎﻤﻴﻠﻌﺘــﻟا ﺬﻴﻔﻨــﺗ ﻞﻴﺒــﺳ ﻲــﻓ ﺔــﻛﺮــﺸﻟا ﺎــﻫﺪﺒﻜﺘــﺗ تﺎــﻓوﺮﺼــﻣ ﺔــﻳأو مﻮــﺳﺮــﻟا ﺔﻤــﺋﺎﻘــﻟ ً ﺎﻘــﻓو
.تﺎﻣﺪﺨﻟا ﻢﻳﺪﻘﺗو
ﻞـﺑﺎﻘـﻣ ﻢﻴﻠـﺴﺘﻟا سﺎـﺳأ ﻰﻠـﻋ ﺔﻴـﻟﺎﻤـﻟا قاروﻻا تﺎﻘﻔـﺻ ﻊﻴﻤـﺟ ﺬﻴﻔﻨـﺗ ﺔـﻛﺮـﺸﻟا طﺮﺘـﺸﺗ 5.5
.ﻊﻓﺪﻟا
تﺎــﻣاﺰﺘــﻟﻻاو ﻒﻴــﻟﺎﻜﺘــﻟاو ﺐــﺋاﺮﻀــﻟاو مﻮــﺳﺮــﻟاو تﺎــﻓوﺮﺼﻤــﻟا ﺔــﻓﺎــﻛ ﻞﻴﻤﻌــﻟا ﻞﻤــﺤﺘﻳ 5.6
فﻼـﺧ ﻰﻠـﻋ ﺺﻨـﻳ ﺎـﻣ ءﺎﻨﺜﺘـﺳﺎـﺑ ،ﺔﻴـﻗﺎﻔـﺗﻻا هﺬـﻬﺑ ﻖﻠﻌﺘـﻳ ﺎﻤﻴـﻓ ﺔـﻛﺮـﺸﻟا ﺎـﻫﺪﺒﻜﺘـﺗ ﻲﺘـﻟا ىﺮـﺧﻻا
:ﺮﺼﺣ نود ىﺮﺧﻻا مﻮﺳﺮﻟا ﻚﻠﺗ ﻞﻤﺸﺗ ﺪﻗو ،مﻮﺳﺮﻟا ﺔﻤﺋﺎﻗ ﻲﻓ ﻚﻟذ
ﻢﺘـﻳ ﻲﺘـﻟا ﺔﻴـﻧﻮـﻧﺎﻘـﻟا ﻒﻴـﻟﺎﻜﺘـﻟا ﺎﻬﻴـﻓ ﺎﻤـﺑ ىﺮـﺧأ تﺎـﻓوﺮﺼـﻣ وأ ﻒﻴـﻟﺎﻜـﺗ وأ ﺔـﻳﻮﺴـﺗ وأ ﻢﻜـﺣ يأ ﺔﻴـــﻗﺎﻔـــﺗﻻا هﺬـــﻬﺑ ﻖﻠﻌﺘـــﺗ ﺔﻠﻤﺘﺤـــﻣ وأ ﺔﻴﻠﻌـــﻓ ﺔﻴﻀـــﻗ وأ ىﻮـــﻋد ﺔـــﻳأ صﻮﺼﺨـــﺑ ﺎـــﻫﺪﺒﻜـــﺗ
.ﻞﻴﻤﻌﻠﻟ ﺔﻣﺪﻘﻤﻟا تﺎﻣﺪﺨﻟاو
بﻮﺴﻨﻤـﻟا ﻞـﺧﺪـﻟاو ﺔﻴـﻟﺎﻤـﻟا قاروﻻا ﻰﻠـﻋ ﻊـﻓﺪـﻟا ﺔﺒـﺟاﻮـﻟاو ﺔﻘﺤﺘـﺴﻤﻟا ﺐـﺋاﺮﻀـﻟا ﻊﻴﻤـﺟ ( 2
.يرﺎﻤﺜﺘﺳﻻا بﺎﺴﺤﻟا وأ ﺔﻈﻔﺤﻤﻟا ﻰﻟإ
.ﻆﻔﺤﻟا تﺎﻣﺪﺧو ﺔﻴﻟﺎﻤﻟا قاروﻻا ﻞﻴﺠﺴﺗ مﻮﺳر ( 3
ﺎﻤﻴـﻓ ﺔـﻟﻮﻘﻌـﻣ ةرﻮﺼـﺑ ﺔـﻛﺮـﺸﻟا ﺎـﻫﺪﺒﻜﺘـﺗ ﻲﺘـﻟا ىﺮـﺧﻻا تﺎـﻓوﺮﺼﻤـﻟاو مﻮـﺳﺮـﻟا ﻊﻴﻤـﺟ ( 4
ﻆﻔﺤـﻟا ﻦﻴـﻣأ مﻮـﺳر ﺮﺼـﺣ نود ﺎﻬﻴـﻓ ﺎﻤـﺑ ،ﻞﻴﻤﻌﻠـﻟ ﺔـﻣﺪﻘﻤـﻟا تﺎـﻣﺪـﺨﻟاو ﺔﻈﻔﺤﻤـﻟﺎـﺑ ﻖﻠﻌﺘـﻳ
.ﻦﻃﺎﺒﻟا ﻦﻣ
ﻞﻴﻤﻌـﻟﺎـﺑ صﺎﺨـﻟا يرﺎﻤﺜﺘـﺳﻻا بﺎﺴﺤـﻟا ﻦـﻣ ﺎﻴـﺋﺎﻘﻠـﺗ دﺪـﺴﺗ نﺄـﺑ ﺔـﻛﺮـﺸﻟا ﻞﻴﻤﻌـﻟا ضﻮﻔـﻳ 5.7 ﻎــﻟﺎﺒﻤــﻟا ﻚــﻟذ ﻼــﻣﺎــﺷ ،ﻪــﺑﺎﺴﺤــﻟ وأ ﻞﻴﻤﻌــﻟا ﺢــﻟﺎﺼــﻟ ﻢﺘــﺗ ﻲﺘــﻟا تﺎﻘﻔﺼــﻟا ﻒﻴــﻟﺎﻜــﺗ ﻊﻴﻤــﺟ تﺎﻴﻠﻤﻌـﻟا مﻮـﺳرو لاﻮـﻣﻻا ﻞـﻳﻮﺤـﺗ مﻮـﺳرو ﺔﻴـﻟﺎﻤـﻟا قاروﻻا ءاﺮـﺸﻟ ﻞﻴﻤﻌـﻟا ﻦـﻣ ﺔـﺑﻮﻠﻄﻤـﻟا
.ﻞﻴﻤﻌﻟا ﻦﻣ ﺔﺑﻮﻠﻄﻤﻟا ﻎﻟﺎﺒﻤﻟا ﻚﻟﺬﻛو ،ﺔﻃﺎﺳﻮﻟاو
6. Minimum Credit Balance required to be maintained in the Investment Account
The Client acknowledges and agrees that the Instructions will be carried out only if a credit amount is maintained in its Investment Account and until the amounts of the executed Transactions and all Client’s liabilities and obligations to the Company have been fully satisfied.
7.Client Funds and Investment in Foreign Currencies
7.1 The Client agrees that if the currency of the Investment Account is other than Saudi Riyals, credit balances may be deposited in the name of the Company with correspondent Xxxxx in or outside the Kingdom of Saudi Arabia. Withdrawals of such currency from the Investment Account may be made by draft in a form approved by the Company to the extent approved by it based on the Client’s Instructions and always subject to the provisions of this Agreement. Withdrawals or deposits in a currency other than the currency of the Investment Account will be debited or credited, as the case may be, at the Company’s discretion either to an existing sub-account or, in the case of a deposit, to a new sub-account in the currency received. The Client hereby agrees that the Company shall not be held liable for any reductions in the value of the account as a result of fluctuations in foreign currency exchange rates, or as a result of taxes or fees imposed by any relevant jurisdiction, or as a result of having any legal or administrative restrictions imposed on the transfer of such monies. Also, exchange rate induced gains shall accrue to the benefit of the Client. The Client acknowledges and agrees that the Company shall not be responsible for any delay as a result of the transfer that may occur by any external party.
7.2 The Company shall be entitled to make any currency conversion it considers necessary or desirable for the purposes of complying with its obligations or preserving its rights under this Agreement or any Transaction thereunder. Any such conversion shall be effected by it in such manner and at such rates as the Company may, at its discretion, determine ( having due regard to the prevailing rates).
يرﺎﻤﺜﺘﺳﻻا بﺎﺴﺤﻟا ﻲﻓ ﻪﺑ ظﺎﻔﺘﺣﻻا بﻮﻠﻄﻤﻟا ﺪﻴﺻﺮﻠﻟ ﻰﻧدﻻا ﺪﺤﻟا. 6
ﻲـﻓ ﻦـﺋاد ﺪﻴـﺻر ﻎﻠﺒـﻣ دﻮـﺟو ﺪﻨـﻋ ﻂﻘـﻓ ﺎـﻫﺬﻴﻔﻨـﺗ ﻢﺘﻴـﺳ تﺎﻤﻴﻠﻌﺘـﻟا نأ ﻖـﻓاﻮـﻳو ﻞﻴﻤﻌـﻟا ﺮﻘـﻳ ﻞﻴﻤﻌـﻟا تﺎـﻣاﺰﺘـﻟا ﻊﻴﻤـﺠﺑو ةﺬﻔﻨﻤـﻟا تﺎﻘﻔﺼـﻟا ﺔﻤﻴﻘـﺑ ءﺎـﻓﻮـﻟا ﻢﺘـﻳ ﻰﺘـﺣ يرﺎﻤﺜﺘـﺳﻻا ﻪـﺑﺎﺴـﺣ
ﻞﻣﺎﻛ ﻞﻜﺸﺑ ﺔﻛﺮﺸﻟا هﺎﺠﺗ ﻪﻴﻠﻋ ﺔﺒﺗﺮﺘﻤﻟا
ﺔﻴﺒﻨﺟﻷا تﻼﻤﻌﻟﺎﺑ ﻪﺑﺎﺴﺣو ﻞﻴﻤﻌﻟا لاﻮﻣأ. 7
لﺎـﻳﺮـﻟا ﺮﻴـﻏ ﺔﻠﻤﻌـﺑ يرﺎﻤﺜﺘـﺳﻻا بﺎﺴﺤـﻟا لاﻮـﻣأ ﻆﻔـﺣ ﻢـﺗ اذإ ﻪـﻧأ ﻰﻠـﻋ ﻞﻴﻤﻌـﻟا ﻖـﻓاﻮـﻳ 7.1 كﻮﻨـﺑ ىﺪـﻟ ﺎﻬﻤـﺳﺎـﺑ ﺔﻠﻤﻌـﻟا ﻚﻠﺘـﺑ ﺔﻨـﺋاﺪـﻟا ةﺪـﺻرﻻا عدﻮـﺗ نأ ﺔـﻛﺮـﺸﻠﻟ xxxxx xxxxxx ،يدﻮﻌﺴـﻟا بﺎﺴﺤــــﻟا ﻦــــﻣ ﺔﻠﻤﻌــــﻟا ﻚﻠﺘــــﺑ ﺐﺤﺴــــﻟا ﻦﻜﻤــــﻳو .ﺎﻬــــﺟرﺎــــﺧ وأ ﺔﻜﻠﻤﻤــــﻟا ﻞــــﺧاد ﺔﻠــــﺳاﺮــــﻣ يﺬــﻟا رﺪﻘــﻟﺎــﺑ ﺔــﻛﺮــﺸﻟا ﻦــﻣ ةﺪﻤﺘﻌــﻣ ﺔﻐﻴﺼــﺑ نﻮﻜــﺗ ﺔﻴــﻟﺎــﻣ ﺔــﻟاﻮــﺣ ﺔﻄــﺳاﻮــﺑ يرﺎﻤﺜﺘــﺳﻻا ﻞـﻛ ﻲـﻓ ﺔﻴـﻗﺎﻔـﺗﻻا هﺬـﻫ مﺎﻜـﺣأ ةﺎـﻋاﺮـﻣ ﻊـﻣ ﻞﻴﻤﻌـﻟا ﺐﻠـﻃ ﻰﻠـﻋ ءﺎﻨـﺑ ﺔـﻛﺮـﺸﻟا ﻪﻴﻠـﻋ ﻖـﻓاﻮـﺗ بﺎﺴﺤـﻟا ﺔﻠﻤـﻋ ﺮﻴـﻏ ﺔﻠﻤﻌـﺑ ﻢﺘـﺗ ﻲﺘـﻟا تﺎـﻋاﺪـﻳﻻا فﺎﻀـﺗو تﺎـﺑﻮﺤﺴـﻟا ﻢﺼﺨـﺗ ﺎﻤـﻛ .تﺎـﻗوﻻا ﺔــﻟﺎــﺣ ﻲــﻓ وأ ،ﻢــﺋﺎــﻗ ﻲــﻋﺮــﻓ بﺎﺴــﺣ ﻲــﻓ ﺎــﻣإ ً ﺎﺒــﺳﺎﻨــﻣ ﺔــﻛﺮــﺸﻟا هاﺮــﺗ ﺎﻤﺒــﺴﺣ يرﺎﻤﺜﺘــﺳﻻا ﺔـﻛﺮـﺸﻟا نأ ﻰﻠـﻋ اﺬـﻬﺑ ﻞﻴﻤﻌـﻟا ﻖـﻓاﻮـﻳو .ةدراﻮـﻟا ﺔﻠﻤﻌـﻟﺎـﺑ ﺪـﻳﺪـﺟ ﻲـﻋﺮـﻓ بﺎﺴـﺣ ﻲـﻓ ،عاﺪـﻳﻻا فﺮــﺻ رﺎﻌــﺳأ تﺎﺒﻠﻘﺘــﻟ ﺔﺠﻴﺘــﻧ بﺎﺴﺤــﻟا ﺔﻤﻴــﻗ ﻲــﻓ ضﺎﻔﺨــﻧا يأ ﻦــﻋ ﺔــﻟوﺆﺴــﻣ نﻮﻜــﺗ ﻦــﻟ ﻲـﺋﺎﻀﻘـﻟا صﺎﺼﺘـﺧﻻا تاذ ﺔـﻟوﺪـﻟا ﻲـﻓ ﺔـﺿوﺮﻔـﻣ مﻮـﺳر وأ ﺐـﺋاﺮـﺿ ﺔـﻳأ ﺐﺒـﺴﺑ وأ ،تﻼﻤﻌـﻟا ﻲــﻓو .لاﻮــﻣﻻا ﻚﻠــﺗ ﻞــﻳﻮﺤــﺗ ﻰﻠــﻋ ﺔــﻳرادإ وأ ﺔﻴــﻣﺎﻈــﻧ دﻮﻴــﻗ يأ دﻮــﺟو ﺐﺒــﺴﺑ وأ ،ﻲﻨﻌﻤــﻟا ﺮﻘـﻳ ﺎﻤـﻛ .ﻞﻴﻤﻌـﻟا ﺢـﻟﺎﺼـﻟ فﺮﺼـﻟا ﺮﻌـﺳ تﺎـﻗوﺮـﻓ ﻦـﻋ ﺞﺘﻨـﺗ ﻲﺘـﻟا ﺐـﺳﺎﻜﻤـﻟا دﻮﻌـﺗ ﻞـﺑﺎﻘﻤـﻟا فﺮـﻃ ﻦـﻣ ثﺪـﺤﻳ ﻞـﻳﻮﺤﺘـﻟا ﻲـﻓ ﺮﻴـﺧﺄـﺗ يأ ﺔﻴـﻟوﺆﺴـﻣ ﻞﻤـﺤﺘﺗ ﻻ ﺔـﻛﺮـﺸﻟا نﺄـﺑ ﻖـﻓاﻮـﻳو ﻞﻴﻤﻌـﻟا
.ﻲﺟرﺎﺧ
ضﺮﻐــﻟ ﺎﺒــﺳﺎﻨــﻣ وا ﺎــﻳروﺮــﺿ هﺮﺒﺘﻌــﺗ تﻼﻤﻌــﻟا ﻦﻴــﺑ ﻞــﻳﻮﺤــﺗ يأ ءاﺮــﺟإ ﺔــﻛﺮــﺸﻠﻟ ﻖﺤــﻳ 7.2 يأ وأ ﺔﻴــﻗﺎﻔــﺗﻻا هﺬــﻫ ﺐــﺟﻮﻤــﺑ ﺔﺒــﺗﺮﺘﻤــﻟا ﺎﻬــﻗﻮﻘــﺣ ﻰﻠــﻋ ظﺎﻔﺤــﻟا وأ ﺎﻬــﺗﺎــﻣاﺰﺘــﻟﺎــﺑ ماﺰﺘــﻟﻻا ﺎــﻫدﺪــﺤﺗ ﻲﺘــﻟا رﺎﻌــﺳﻻاو ﺔﻘــﻳﺮﻄــﻟﺎــﺑ ﻞــﻳﻮﺤﺘــﻟا ﻚــﻟذ ﺬﻴﻔﻨــﺗ ﻢﺘﻴــﺳو .ﺎﻬﺒــﺟﻮﻤــﺑ ﻢﺘــﺗ ﺔﻘﻔــﺻ ( تﻼﻤﻌﻟا فﺮﺼﻟ ةﺪﺋﺎﺴﻟا رﺎﻌﺳﻻا رﺎﺒﺘﻋﻻا ﻲﻓ ﺬﺧﻻا ﻊﻣ) ﺎﻫﺮﻳﺪﻘﺗ ﺾﺤﻤﺑ ﺔﻛﺮﺸﻟا
8.Instruction Execution Procedures
8.1 If the Client wishes to deal in a Security, the Client shall issue Instructions to the Company relating thereto. The Client acknowledges that all the Instructions require that the Client provide the Company with specific details for each Transaction separately, according to the requirements of the relevant exchange market in which the dealing will take place, as well as the Laws and Regulations. Such details include determining the name of the security, order type, whether Buy or Sell, execution price, execution date, and any other information that the Company may request in order to execute the Client’s Instructions.
8.2 The Client must deliver its Instructions to the Company by the official means acceptable by the Company, which is either in writing by filling in the relevant forms, orally through a registered phone line, or through any other electronic means acceptable by the Company. Written Instructions must be signed or electronically authenticated as per the Company’s requirements. The Client acknowledges that the Instructions shall be effective only upon receipt by the Company in a form that is valid and acceptable thereto.
8.3 All Transactions executed by the Company on behalf of the Client in accordance with this Agreement are not optional; meaning that the Client makes all decisions in relation to the Buy or Sell of Securities and instructs the Company accordingly. The Company will not execute any Transaction without receiving Instructions from the Client, except as mentioned in Clause 11. The execution of Transactions by the Company according to any Instructions does not mean that the Company approves of such Transactions or Instructions.
تﺎﻤﻴﻠﻌﺘﻟا ﺬﻴﻔﻨﺗ تاءاﺮﺟإ. 8
ﻰــﻟإ تﺎﻤﻴﻠﻌــﺗ رﺪﺼــﻳ نأ ﻪﻴﻠــﻋ ﺐــﺟو ،ﺔﻴــﻟﺎــﻣ ﺔــﻗرو ﻲــﻓ ﻞــﻣﺎﻌﺘــﻟﺎــﺑ ﻞﻴﻤﻌــﻟا ﺐــﻏر اذإ 8.1 ﺔـﻛﺮـﺸﻟا ﺪـﻳوﺰﺘـﺑ ﻞﻴﻤﻌـﻟا مﻮﻘـﻳ نأ ﺐﻠﻄﺘـﺗ تﺎﻤﻴﻠﻌﺘـﻟا ﻊﻴﻤـﺟ نﺄـﺑ ﻞﻴﻤﻌـﻟا ﺮﻘـﻳ .ﻚـﻟﺬـﺑ ﺔـﻛﺮـﺸﻟا ﺎﻬﻴـﻓ ﻞـﻣﺎﻌﺘـﻟا ﻢﺘﻴـﺳ ﻲﺘـﻟا ﺔﻴـﻟﺎﻤـﻟا قﻮﺴـﻟا تﺎﺒﻠﻄﺘـﻣ ﺐـﺴﺣ ةﺪـﺣ ﻰﻠـﻋ ﺔﻴﻠﻤـﻋ ﻞـﻛ ﻞﻴـﺻﺎﻔﺘـﺑ ﺮﻌﺴـﻟا ،ﻊﻴـﺑ وأ ءاﺮـﺷ ﺮـﻣﻻا عﻮـﻧ ،ﺔﻴـﻟﺎﻤـﻟا ﺔـﻗرﻮـﻟا ﻢـﺳا ﺪـﻳﺪـﺤﺗ ﺎﻬﻨـﻣو ،ﺢـﺋاﻮﻠـﻟاو ﺔﻤﻈـﻧﻻاو تﺎﻤﻴﻠﻌــﺗ ﺬﻴﻔﻨﺘــﻟ ﺔــﻛﺮــﺸﻟا ﺎﻬﺒﻠﻄــﺗ ﺔــﻣﻮﻠﻌــﻣ يأو ،ﺬﻴﻔﻨﺘــﻟا ﺦــﻳرﺎــﺗ ،ﻪــﺑ ﺬﻴﻔﻨﺘــﻟا بﻮﻠﻄﻤــﻟا
.ﻞﻴﻤﻌﻟا
ىﺪــﻟ ﺔــﻟﻮﺒﻘﻤــﻟا ﺔﻴﻤــﺳﺮــﻟا قﺮﻄــﻟﺎــﺑ ﺔــﻛﺮــﺸﻟا ﻰــﻟإ ﻪــﺗﺎﻤﻴﻠﻌــﺗ ﻞﻴﻤﻌــﻟا ﻢﻠــﺴﻳ نأ ﺐﺠــﻳ 8.2 ﻒـﺗﺎـﻫ لﻼـﺧ ﻦـﻣ ﻪـﻫﺎﻔـﺷ وأ ،ﻚـﻟﺬـﻟ ﺔﺼﺼﺨﻤـﻟا جذﺎﻤﻨـﻟا ﺔﺌﺒﻌﺘـﺑ ﺔـﺑﺎﺘـﻛ ﺎـﻣإ ﻲـﻫو ﺔـﻛﺮـﺸﻟا نﻮﻜـﺗ نأ ﺐﺠـﻳو .ﺔـﻛﺮـﺸﻟا ىﺪـﻟ ﺔـﻟﻮﺒﻘـﻣ نﻮﻜـﺗ ﺔﻴـﻧوﺮﺘﻜـﻟإ ﺔﻠﻴـﺳو يأ لﻼـﺧ ﻦـﻣ وأ ،ﻞـﺠﺴﻣ ﻞﻴﻤﻌـﻟا ﺮﻘـﻳو .ﺔـﻛﺮـﺸﻟا تﺎﺒﻠﻄﺘـﻣ ﺐـﺴﺣ ً ﺎﻴـﻧوﺮﺘﻜـﻟإ ﺔﻘـﺛﻮـﻣ وأ ﺔﻌـﻗﻮـﻣ ﺔـﺑﻮﺘﻜﻤـﻟا تﺎﻤﻴﻠﻌﺘـﻟا لﻮﺒﻘـﻣو ﺢﻴﺤـﺻ ﻞﻜﺸـﺑ ﺔـﻛﺮـﺸﻟا ﻞﺒـﻗ ﻦـﻣ ﺎﻬـﻣﻼﺘـﺳا ﺪﻨـﻋ ﻂﻘـﻓ ةﺬـﻓﺎـﻧ ﺮﺒﺘﻌـﺗ تﺎﻤﻴﻠﻌﺘـﻟا نﺄـﺑ
.ﺔﻛﺮﺸﻠﻟ
ﺔﻴـﻗﺎﻔـﺗﻻا هﺬـﻫ ﺐـﺟﻮﻤـﺑ ﻞﻴﻤﻌـﻟا ﻦـﻋ ﺔـﺑﺎﻴـﻧ ﺔـﻛﺮـﺸﻟا ﺎـﻫﺬﻔﻨـﺗ ﻲﺘـﻟا تﺎﻘﻔﺼـﻟا ﻊﻴﻤـﺟ نإ 8.3 ءاﺮـــﺸﺑ ﺔﻘﻠﻌﺘﻤـــﻟا تاراﺮﻘـــﻟا ﻊﻴﻤـــﺟ ﺬـــﺨﺘﻳ ﻞﻴﻤﻌـــﻟا نأ ﻰﻨﻌﻤـــﺑ ؛ﺔـــﻳرﺎﻴﺘـــﺧا ﺮﻴـــﻏ تﺎﻘﻔـــﺻ ﻲـــﻫ ﺔـﻳأ ﺔـﻛﺮـﺸﻟا ﺬﻔﻨـﺗ ﻦـﻟو ،ﻚـﻟذ ﻰﻠـﻋ ءﺎﻨـﺑ ﺔـﻛﺮـﺸﻟا ﻪﻴـﺟﻮﺘـﺑ مﻮﻘـﻳو ﺎﻬﻌﻴـﺑ وأ ﺔﻴـﻟﺎﻤـﻟا قاروﻻا ﺬﻴﻔﻨــﺗ نإ(. 11) ةﺮﻘﻔــﻟا ﺖﺤــﺗ هﺮــﻛذ ﻢــﺗ ﺎــﻣ ءﺎﻨﺜﺘــﺳﺎــﺑ ﻞﻴﻤﻌــﻟا ﻦــﻣ تﺎﻤﻴﻠﻌــﺗ نوﺪــﺑ ﺔﻘﻔــﺻ ﻚﻠــﺗ ﻰﻠــﻋ ﺔــﻛﺮــﺸﻟا ﺔﻘــﻓاﻮــﻣ ﻲﻨﻌــﻳ ﻻ تﺎﻤﻴﻠﻌــﺗ يﻷ ً ﺎﻘــﻓو ﺔــﻛﺮــﺸﻟا ﺔﻄــﺳاﻮــﺑ تﺎﻘﻔﺼــﻟا
.ﺎﻬﻟ ﺎﻫراﺮﻗإ وأ تﺎﻤﻴﻠﻌﺘﻟا وأ تﺎﻘﻔﺼﻟا
8.4 The Client shall bear sole responsibility for ensuring that the Instructions issued to the Company are in compliance with the Client’s investment objectives and in compliance with the applicable Laws and Regulations and other regulatory restrictions imposed on the Client. There shall be no other obligation or liability on the Company with respect to the execution of the Client’s Instructions.
8.5 Instructions may be cancelled or amended in the same manner as they may be given, or any other manner approved by the Company. Cancellation and amendment of Instructions shall be subject to timely receipt by the Company of such Instructions and shall be limited to the unexecuted portion of any amended or cancelled Instruction. The Company shall also cancel Instructions as requested by the financial market in which they are dealing.
8.6 In the event that the Client desires to place a”Good-Till- Cancelled“ order, the Client agrees to advise the Company by one of the means used to issue the order. In the event that the Client does request such a ”Good-Till-Cancelled“ order, the Client agrees that such an order shall be valid until canceled by one of the means used to issue its order. Such a ”Good-Till-Cancelled“ order can be revoked if the Client specifically cancelled it by one of the previously mentioned modes. A ”Good-Till-Cancelled“ order will remain valid for the maximum period permissible by the concerned exchange market.
8.7 The Client understands that Instructions may be carried out only on such days and at such times when the Company and the relevant financial markets are open for business.
8.8 The Company will work in good faith to serve the interests of the Client and will exert due care when executing Transactions for the Client’s account in accordance with his/her Instructions in relation to the Services specified under this Agreement.
8.9 The Client acknowledges that it is not acting as an agent of or intermediary for any other natural or juridical person when asking the Company to execute specific Transactions. The Client also acknowledges and agrees to be treated as a client for all purposes related to such Transactions )including settlement of Transactions(. The Client undertakes to comply with all applicable money laundering legislation.
8.10 The Client shall immediately notify the Company in writing of the identity of the persons authorised to give written Instructions on the Client’s behalf. If the Client authorises more than one individual person, each of such persons shall be entitled to give Instructions individually unless the Client notifies the Company otherwise.
8.11 The Client consents to the Company recording all Instructions in relation to securities business with the Client including telephone communications and electronic records. The Client expressly agrees that such communications and recordings may be used as proof of the contents of such Instructions, and shall be decisive in any court or any arbitration proceedings
ﻊـﻣ ﺔﻘـﻓاﻮﺘـﻣ ﺔـﻛﺮـﺸﻠﻟ ةردﺎﺼـﻟا ﻪـﺗﺎﻤﻴﻠﻌـﺗ نأ نﺎﻤـﺿ ﺔﻴـﻟوﺆﺴـﻣ هﺪـﺣو ﻞﻴﻤﻌـﻟا ﻞﻤـﺤﺘﻳ 8.4 لﻮﻤﻌﻤـﻟا ﺢـﺋاﻮﻠـﻟاو ﺔﻤﻈـﻧﻻا ﻊـﻣ ﻲـﺣاﻮﻨـﻟا ﻞـﻛ ﻦـﻣ ﻰـﺷﺎﻤﺘـﺗو ﺔـﻳرﺎﻤﺜﺘـﺳﻻا ﻞﻴﻤﻌـﻟا ضاﺮـﻏأ يأ وأ ﺔﻴـﻟوﺆﺴـﻣ يأ كﺎﻨـﻫ ﺲﻴـﻟو .ﻞﻴﻤﻌـﻟا ﻰﻠـﻋ ﻊﻘـﺗ ﻲﺘـﻟا ىﺮـﺧﻻا ﺔﻴﻤﻴﻈﻨﺘـﻟا دﻮﻴﻘـﻟاو ﺎﻬـﺑ
.ﻞﻴﻤﻌﻟا ﻦﻣ ةردﺎﺼﻟا تﺎﻤﻴﻠﻌﺘﻟا ﺬﻴﻔﻨﺘﺑ ﻖﻠﻌﺘﻳ ﺎﻤﻴﻓ ﺔﻛﺮﺸﻟا ﻰﻠﻋ ﺮﺧآ ماﺰﺘﻟا
ﻦـﻣ ﺎـﻫﺮﻴﻐـﺑ وأ ﺎﻬـﺑ ﺖـﻣﺪـﻗ ﻲﺘـﻟا ﺔﻘـﻳﺮﻄـﻟا ﺲﻔﻨـﺑ ﺎﻬﻠـﻳﺪﻌـﺗ وأ تﺎﻤﻴﻠﻌﺘـﻟا ءﺎﻐـﻟإ ﻦﻜﻤـﻳ 8.5 ﺔـﻛﺮـﺸﻟا مﻼﺘـﺳﻻ ﺎﻬﻠـﻳﺪﻌـﺗو تﺎﻤﻴﻠﻌﺘـﻟا ءﺎﻐـﻟإ ﻊﻀﺨـﻳو .ﺔـﻛﺮـﺸﻟا ﻞﺒـﻗ ﻦـﻣ ةﺪﻤﺘﻌﻤـﻟا قﺮﻄـﻟا ﺬﻔﻨﻤـﻟا ﺮﻴـﻏ ءﺰـﺠﻟا ﻰﻠـﻋ ﻂﻘـﻓ ﻖﺒﻄﻨـﺗو ﺐـﺳﺎﻨﻤـﻟا ﺖـﻗﻮـﻟا ﻲـﻓ تﻼـﻳﺪﻌﺘـﻟاو تﺎﻤﻴﻠﻌﺘـﻟا ﻚﻠـﺗ ﺐـﺴﺣ تﺎﻤﻴﻠﻌﺘـﻟا ءﺎﻐـﻟﺈـﺑ ﺔـﻛﺮـﺸﻟا مﻮﻘﺘـﺳ ﺎﻤـﻛ .ﻞـﻳﺪﻌﺘـﻟا وأ ءﺎﻐـﻟﻻﺎـﺑ ﺔﻴﻨﻌﻤـﻟا تﺎﻤﻴﻠﻌﺘـﻟا ﻦـﻣ
.ﺎﻬﻴﻓ ﻞﻣﺎﻌﺘﻟا ﻢﺘﻴﺳ ﻲﺘﻟا ﺔﻴﻟﺎﻤﻟا قﻮﺴﻟا ﺐﻠﻃ
غﻼــﺑإ ﻰﻠــﻋ ﻖــﻓاﻮــﻳ xxxxxxxx ،“ءﺎﻐــﻟﻻا ﻰﺘــﺣ ﺢــﻟﺎــﺻ” ﺮــﻣأ ءﺎﻄــﻋإ ﻲــﻓ ﻞﻴﻤﻌــﻟا ﺐــﻏر اذإ 8.6 نأ ﻰﻠـﻋ ﻞﻴﻤﻌـﻟا ﻖـﻓاﻮـﻳ ﺎﻤـﻛ .هﺮـﻣأ راﺪـﺻإ ﻲـﻓ ﺔـﻣﺪﺨﺘـﺴﻤﻟا ﻞـﺋﺎـﺳﻮـﻟا ىﺪـﺣﺈـﺑ ﻚـﻟﺬـﺑ ﺔـﻛﺮـﺸﻟا ﻞـﺋﺎـﺳﻮـﻟا ىﺪـﺣﺈـﺑ هؤﺎﻐـﻟإ ﻢﺘـﻳ نأ ﻰـﻟإ لﻮﻌﻔﻤـﻟا يرﺎـﺳ ﻰﻘﺒﻴـﺳ “ءﺎﻐـﻟﻻا ﻰﺘـﺣ ﺢـﻟﺎﺼـﻟا” ﺮـﻣﻻا ﻞﻴﻤﻌـﻟا مﺎـﻗ اذإ “ءﺎﻐـﻟﻻا ﻰﺘـﺣ ﺢـﻟﺎﺼـﻟا” ﺮـﻣﻻا ءﺎﻐـﻟإ ﻦﻜﻤـﻳو .هﺮـﻣأ راﺪـﺻإ ﻲـﻓ ﺔـﻣﺪﺨﺘـﺴﻤﻟا ﻰﺘــﺣ ﺢــﻟﺎﺼــﻟا” ﺮــﻣﻻا ﻰﻘﺒــﻳو ﺎﻘــﺑﺎــﺳ ةرﻮــﻛﺬﻤــﻟا ﻞــﺋﺎــﺳﻮــﻟا ىﺪــﺣﺈــﺑ ﺢــﺿاو ﻞﻜﺸــﺑ ﻪــﺋﺎﻐــﻟﺈــﺑ
.ﺔﻗﻼﻌﻟا تاذ ﺔﻴﻟﺎﻤﻟا قﻮﺴﻟا ﻞﺒﻗ ﻦﻣ ﺎﻬﺑ حﻮﻤﺴﻣ ةﺪﻣ ﻰﺼﻗﻻ اﺬﻓﺎﻧ “ءﺎﻐﻟﻻا
ﺔـــﻛﺮـــﺸﻟا ﻞﻤـــﻋ تﺎـــﻗوأو مﺎـــﻳأ ﻲـــﻓ ﻂﻘـــﻓ ﻢﺘـــﻳ تﺎﻘﻔﺼـــﻟا ﺬﻴﻔﻨـــﺗ نأ ﻞﻴﻤﻌـــﻟا كرﺪـــﻳ 8.7
.ﺔﻗﻼﻌﻟا تاذ ﺔﻴﻟﺎﻤﻟا قاﻮﺳﻻاو
ﺔﺒــﺟاﻮــﻟا ﺔــﻳﺎﻨﻌــﻟا لﺬﺒــﺗو ﻞﻴﻤﻌــﻟا ﺔﺤﻠﺼــﻣ ﺔــﻣﺪــﺨﻟ ﺔﻴــﻧ ﻦﺴﺤــﺑ ﺔــﻛﺮــﺸﻟا ﻞﻤﻌــﺗ فﻮــﺳ 8.8
ﻲــﻓ ةدﺪــﺤﻤﻟا تﺎــﻣﺪــﺨﻟا نﺄﺸــﺑ ﻞﻴﻤﻌــﻟا ﻦــﻋ ةردﺎــﺻ تﺎﻤﻴﻠﻌــﺗ يأ تﺬﻔــﻧ ﺎﻤﻠــﻛ ةدﺎﺘﻌﻤــﻟا
.ﺔﻴﻗﺎﻔﺗﻻا هﺬﻫ
وأ ﻲﻌﻴﺒـــﻃ ءاﻮـــﺳ ،ﺮـــﺧآ ﺺﺨـــﺷ يﻻ ﻂﻴـــﺳو وأ xxxxxxxxxxx xxxxxxx ﻻ ﻪـــﻧأ ﻞﻴﻤﻌـــﻟا ﺮﻘـــﻳ 8.9 فﻮـﺳ ﻪـﻧأ ﻖـﻓاﻮـﻳو ﻞﻴﻤﻌـﻟا ﺮﻘـﻳو ،ﺔﻨﻴﻌـﻣ تﺎﻘﻔـﺻ ﺬﻴﻔﻨـﺗ ﺔـﻛﺮـﺸﻟا ﻦـﻣ ﻪﺒﻠـﻃ ﺪﻨـﻋ ،يرﺎﺒﺘـﻋا ﺔـﻳﻮﺴـﺗ ﻚـﻟذ ﻼـﻣﺎـﺷ) تﺎﻘﻔﺼـﻟا ﻚﻠﺘـﺑ ﺔﻘﻠﻌﺘﻤـﻟا ضاﺮـﻏﻻا ﻊﻴﻤـﺠﻟ ﺔﺒـﺴﻨﻟﺎـﺑ ﻞﻴﻤﻌـﻛ ﻞـﻣﺎﻌـﻳ
.ﺔﻳرﺎﺴﻟا لاﻮﻣﻻا ﻞﺴﻏ ﺔﻤﻈﻧا ﻊﻴﻤﺠﺑ ماﺰﺘﻟﻻﺎﺑ ﻞﻴﻤﻌﻟا ﺪﻬﻌﺘﻳو .(تﺎﻘﻔﺼﻟا
ءﺎﻄــﻋﺈــﺑ ﻦﻴــﺿﻮﻔﻤــﻟا صﺎﺨــﺷﻻا ﺔــﻳﻮﻬــﺑ ارﻮــﻓ ﺔــﻛﺮــﺸﻟا رﺎﻌــﺷإ ﻞﻴﻤﻌــﻟا ﻰﻠــﻋ ﺐﺠــﻳ 8.10
،ﺪـﺣاو ﺺﺨـﺷ ﻦـﻣ ﺮﺜـﻛأ ﺾـﻳﻮﻔﺘـﺑ ﻞﻴﻤﻌـﻟا مﺎـﻗ لﺎـﺣ ﻲـﻓو .ﻲﻄـﺧ رﺎﻌـﺷإ لﻼـﺧ ﻦـﻣ تﺎﻤﻴﻠﻌـﺗ ﻞﻴﻤﻌـﻟا مﻮﻘـﻳ ﻢـﻟ ﺎـﻣ ةدﺮﻔﻨـﻣ تﺎﻤﻴﻠﻌـﺗ ءﺎﻄـﻋإ صﺎﺨـﺷﻻا ءﻻﺆـﻫ ﻦـﻣ ﻞﻜـﻟ ﻖﺤـﻳ فﻮﺴـﻓ
.ﻚﻟذ ﺮﻴﻐﺑ ﺔﻛﺮﺸﻟا رﺎﻌﺷﺈﺑ
طﺎﺸﻨـﺑ ﺔﻘﻠﻌﺘﻤـﻟا ﻪـﺗﺎﻤﻴﻠﻌـﺗ ﻊﻴﻤـﺟ ﻞﻴﺠﺴﺘـﺑ ﺔـﻛﺮـﺸﻟا مﻮﻘـﺗ نأ ﻰﻠـﻋ ﻞﻴﻤﻌـﻟا ﻖـﻓاﻮـﻳ 8.11 ﻞﻴﻤﻌــﻟا ﻖــﻓاﻮــﻳو ،ﺔﻴــﻧوﺮﺘﻜــﻟﻻا تﻼﺠﺴــﻟاو ﺔﻴﻔــﺗﺎﻬــﻟا تﻻﺎﺼــﺗﻻا ﺎﻬﻨــﻣو ﺔﻴــﻟﺎﻤــﻟا قاروﻻا ﻞﻴـﻟﺪـﻛ عاﺰـﻧ يأ ﻞـﺣ ﻲـﻓ ﺎﻬـﻣاﺪﺨﺘـﺳا ﻢﺘﻴـﺳ تﻼﺠﺴـﻟاو تﻼﻴﺠﺴﺘـﻟا ﻚﻠـﺗ نأ ﻰﻠـﻋ ﺔـﺣاﺮـﺻ ﺎﻬـﻋﻮـﺿﻮﻤـﻟ تﺎﺒـﺛﺈـﻛ ﺎﻬـﻣاﺪﺨﺘـﺳا ﺔـﻟﺎـﺣ ﻲـﻓ ﺔﻤـﺳﺎـﺣ ﺮﺒﺘﻌـﺗو تﺎﻤﻴﻠﻌﺘـﻟا ﻚﻠـﺗ ﻞﻴـﺻﺎﻔـﺗ ﻰﻠـﻋ
ﺔﻴﻤﻴﻜﺤﺗ تاءاﺮﺟإ وأ ﺔﻤﻜﺤﻣ ﺔﻳأ ﻲﻓ
8.12 The Client hereby agrees that the Company may act upon any telephone Instructions received by it from the Client or any of the Client’s authorised agents whom the Client so designates in writing and informs the Company of their names. Before accepting telephone Instructions from an agent of the Client, the Company will validate the agent’s identity by conducting the regulatory methods used. Instructions received in this manner on behalf of the Client’s authorised agents shall be considered valid and binding upon the Client. The Company shall not be held liable for the consequences of any action which it may appropriately take in executing such Instructions including, without limitations, the purchases, sales, receipt, and delivery of securities, and the payment and receipt of funds. Moreover, the Client shall hold the Company harmless and indemnify it against any liability,
loss, damages, claims, lawsuits or expenses of any nature which may result from the Company acting, in good faith, on such Instructions, regardless of whether the Company has acted in error in executing said Instructions; unless its conduct came as a result of negligence or wilful misconduct.
8.13 The Company may rely on Instructions in whatever form, which purport to have been given by the Client and which the Company reasonably accepts in good faith to have been given by the Client. The Company will not be obliged to confirm the authenticity of such Instructions provided that, in this case, the Company took all necessary measures to verify the identity of the Client. The Company shall not be liable to the Client in respect of any loss or damage incurred as a result of the implementation of the Instructions. Without prejudice to the provisions of Clause 28 )Riyad Capital’s Responsibilities(, the Company shall not be liable to the Client for any losses or other liabilities arising from any of the following:
1) the unauthorised use or forging of the Client’s or an authorised representative’s signature provided that in such event that the Company will have undertaken all necessary, or appropriate measures to verify the identity of the Client;
2) the unauthorised use of electronic channels through which the Instructions were implemented;
3) any error or ambiguity in any Instruction received by the Company.
8.14 The Client understands and acknowledges that the Company will exert due care when executing the Client’s Instructions, but shall not bear any liability for any loss, fall in prices or expenses whatsoever incurred by the Client resulting from delay in executing any Transaction, including any change in market conditions before a particular Transaction could be executed, unless such delay is attributable to negligence or wilful misconduct on the part of the Company.
8.4 The Client understands and acknowledges that the Company has the right not to execute Instructions if it deemed
)at its sole discretion( that they do not or may not comply with any Laws and Regulations or if the Company considered that the details given by the Client are incomplete or unclear, without any responsibility or obligation to the Client. If the Company refuses to accept or execute a Transaction or Instruction, then the Company shall immediately inform the Client thereof, without the need to explain its decision to the Client.
ﻰﻠــﻋ ءﺎﻨــﺑ ﻞﻤﻌــﺗ نأ ﺔــﻛﺮــﺸﻠﻟ ﻦﻜﻤــﻳ ﻪــﻧأ ﻰﻠــﻋ ﺔﻴــﻗﺎﻔــﺗﻻا ﺐــﺟﻮﻤــﺑ ﻞﻴﻤﻌــﻟا ﻖــﻓاﻮــﻳ 8.12 ﻦــﻳﺬــﻟا ﻦﻴــﺿﻮﻔﻤــﻟا ﻪــﺋﻼــﻛو ﻦــﻣ يأ وأ ﻞﻴﻤﻌــﻟا ﻦــﻣ ﺎﻬﻴــﻟإ دﺮــﺗ ﻲﺘــﻟا ﺔﻴﻔــﺗﺎﻬــﻟا تﺎﻤﻴﻠﻌﺘــﻟا ﻞﻴــﻛو ﻦــﻣ ﺔﻴﻔــﺗﺎﻬــﻟا تﺎﻤﻴﻠﻌﺘــﻟا لﻮﺒــﻗ ﻞﺒــﻗو .ﻢﻬــﺋﺎﻤــﺳﺄــﺑ ﺔــﻛﺮــﺸﻟا ﻎﻠﺒــﻳو ﺔــﺑﺎﺘــﻛ ﻢﻬﻨﻴﻌــﻳ
. ً ﺎﻴــﻣﺎﻈــﻧ ﺔﻌﺒﺘﻤــﻟا ﺔﻘــﻳﺮﻄــﻟﺎــﺑ ﻞﻴــﻛﻮــﻟا ﺔــﻳﻮــﻫ ﺔﺤــﺻ ﻦــﻣ ﻖﻘﺤﺘــﻟﺎــﺑ ﺔــﻛﺮــﺸﻟا مﻮﻘــﺗ ،ﻞﻴﻤﻌــﻟا ﻢﺘــﻳ ﻞﻜﺸــﻟا اﺬــﻬﺑ ﻞﻴﻤﻌﻠــﻟ ﻦﻴــﺿﻮﻔﻤــﻟا ءﻼــﻛﻮــﻟا ﻦــﻋ ﺔــﺑﺎﻴــﻧ دﺮــﺗ تﺎﻤﻴﻠﻌــﺗ ﺔــﻳأ نﺈــﻓ ،ﻪﻴﻠــﻋو ﺞـﺋﺎﺘـﻧ ﻦـﻋ ﺔﻴـﻟوﺆﺴـﻣ ﻰـﻧدأ ﺔـﻛﺮـﺸﻟا ﻞﻤـﺤﺘﺗ ﻻو .ﻞﻴﻤﻌﻠـﻟ ﺔـﻣﺰﻠـﻣو ﺔﺤﻴﺤـﺻ ﺎﻬـﻧأ ﻰﻠـﻋ ﺎـﻫرﺎﺒﺘـﻋا نود ،ﻚــﻟذ ﻞﻤﺸــﻳو ،تﺎﻤﻴﻠﻌﺘــﻟا ﻚﻠــﺗ ﺬﻴﻔﻨــﺗ ﻲــﻓ ﺐــﺳﺎﻨﻤــﻟا ﻞﻜﺸــﻟﺎــﺑ ﻪــﺑ مﻮﻘــﺗ ءاﺮــﺟإ يأ ﺔـﻓﺎـﺿﻹﺎـﺑو .لاﻮـﻣﻻا ﺾﺒـﻗو ﻊـﻓدو ،ﺔﻴـﻟﺎﻤـﻟا قاروﻻا ﻢﻴﻠـﺴﺗو مﻼﺘـﺳاو ﻊﻴـﺑو ءاﺮـﺷ ،ﺪـﻳﺪـﺤﺗ ﺔـــﻳأ ﻦـــﻋ ﺎﻬﻀـــﻳﻮﻌـــﺗو ﺔـــﻛﺮـــﺸﻟا ﻰﻠـــﻋ ءﺐـــﻋ يأ ﻞﻴﻤـــﺤﺗ مﺪﻌـــﺑ ﻞﻴﻤﻌـــﻟا مﺰﺘﻠـــﻳ ،ﻚـــﻟذ ﻰـــﻟإ نﺎـﻛ ً ﺎـﻳأ ﻒـﻳرﺎﺼـﻣ يأ وأ ﺔﻴـﺋﺎﻀـﻗ يوﺎـﻋد وأ تﺎﺒـﻟﺎﻄـﻣ وأ راﺮـﺿأ وأ ﺮـﺋﺎﺴـﺧ وأ تﺎﻴـﻟوﺆﺴـﻣ اذإ ﺎﻤـﻋ ﺮﻈﻨـﻟا ﺾﻐـﺑو ،تﺎﻤﻴﻠﻌﺘـﻟا ﻚﻠـﺗ ﻰﻠـﻋ ءﺎﻨـﺑ ﺔﻴـﻧ ﻦﺴﺤـﺑ ﺎﻬـﻓﺮﺼﺘـﻟ ﺔﺠﻴﺘـﻧ ﺄﺸﻨـﺗ ﺎﻬـﻋﻮـﻧ ﻦــﻋ ﺞــﺗﺎــﻧ ﺎﻬــﻓﺮﺼــﺗ نﺎــﻛ لﺎــﺣ ﻲــﻓ ﻻإ ،تﺎﻤﻴﻠﻌﺘــﻟا ﻚﻠــﺗ ﺬﻴﻔﻨــﺗ ﻲــﻓ ﺊــﻃﺎــﺧ ﻞﻜﺸــﺑ ﺖــﻓﺮﺼــﺗ
.ﺪﻤﻌﺘﻣ فﺮﺼﺗ ءﻮﺳ وأ لﺎﻤﻫإ
ﺎﻬـﻧأ ﺎﻬﻨـﻣ ﻢﻬﻔـﻳ ﻲﺘـﻟاو ﺖـﻧﺎـﻛ ﻞﻜـﺷ يﺄـﺑ تﺎﻤﻴﻠﻌﺘـﻟا ﻰﻠـﻋ ﺪﻤﺘﻌـﺗ نأ ﺔـﻛﺮـﺸﻠﻟ ﻦﻜﻤـﻳ 8.13 ﺔـﻛﺮـﺸﻟاو .ﻞﻴﻤﻌـﻟا ﻦـﻣ ةردﺎـﺻ ﺎﻬـﻧأ ﻰﻠـﻋ ﺔﻴـﻧ ﻦﺴﺤـﺑ ﺔـﻛﺮـﺸﻟا ﺎﻬﻠﺒﻘـﺗو ﻞﻴﻤﻌـﻟا ﻦـﻣ ترﺪـﺻ يا وا ﺎﻴـﺑﺎﺘـﻛ وا ﺎﻴـﻬﻔﺷ ترﺪـﺻا ءاﻮـﺳ تﺎﻤﻴﻠﻌﺘـﻟا ﻚﻠـﺗ ﺔﻴـﻗاﺪﺼـﻣ ﻦـﻣ ﺪـﻛﺄﺘـﻟﺎـﺑ ﺔـﻣﺰﻠـﻣ ﺖـﺴﻴﻟ ﺪـﻛﺄﺘﻠـﻟ ﺔـﻣزﻼـﻟا ﺮﻴـﺑاﺪﺘـﻟا تﺬـﺨﺗا ﺪـﻗ ﺔـﻟﺎﺤـﻟا هﺬـﻫ ﻲـﻓ ﺔـﻛﺮـﺸﻟا نﻮﻜـﺗ نأ طﺮـﺸﺑ ىﺮـﺧا قﺮـﻃ وأ ةرﺎﺴـﺧ يﺄـﺑ ﻖﻠﻌﺘـﻳ ﺎﻤﻴـﻓ ﻞﻴﻤﻌـﻟا هﺎﺠـﺗ ﺔﻴـﻟوﺆﺴـﻣ ﺔـﻳأ ﺎﻬﻴﻠـﻋ ﻊﻘـﺗ ﻦـﻟو ﻞﻴﻤﻌـﻟا ﺔـﻳﻮـﻫ ﻦـﻣ تﺎﻴـﻟوﺆﺴـﻣ) (28) ةﺮﻘﻔـﻟا طوﺮـﺸﺑ لﻼـﺧﻻا نودو .تﺎﻤﻴﻠﻌﺘـﻟا ﻖﻴﺒﻄﺘـﻟ ﺔﺠﻴﺘـﻧ ﻪـﺑ ﻖﺤﻠـﻳ رﺮـﺿ وأ ﺮـﺋﺎﺴـﺧ ﺔـﻳأ ﻦـﻋ ﻞﻴﻤﻌـﻟا هﺎﺠـﺗ ﺔـﻟوﺆﺴـﻣ نﻮﻜـﺗ ﻦـﻟ ﺔـﻛﺮـﺸﻟا نﺈـﻓ ،(ﺔﻴـﻟﺎﻤـﻟا ضﺎـﻳﺮـﻟا ﺔـﻛﺮـﺷ
:ﻲﺗﻻا ﻦﻣ يأ ﻦﻋ ﺄﺸﻨﺗ ىﺮﺧأ تﺎﻣاﺰﺘﻟا
ﻚـﻟذ ﺮـﻳوﺰـﺗ وأ ضﻮﻔﻤـﻟا ﻪﻠﺜﻤـﻣ ﻊﻴـﻗﻮـﺗ وأ ﻞﻴﻤﻌـﻟا ﻊﻴـﻗﻮﺘـﻟ عوﺮـﺸﻤﻟا ﺮﻴـﻏ ماﺪﺨﺘـﺳﻻا ( 1
وأ ﺔـﻣزﻼـﻟا ﺮﻴـﺑاﺪﺘـﻟا تﺬـﺨﺗا ﺪـﻗ ﺔـﻛﺮـﺸﻟا نﻮﻜـﺗ نأ طﺮﺘـﺸﻳ ﺔـﻟﺎﺤـﻟا هﺬـﻫ ﻲـﻓ ﻪـﻧأ ﻰﻠـﻋ) ﻊﻴـﻗﻮﺘـﻟا
ﻞﻴﻤﻌﻟا ﺔﻳﻮﻫ ﻦﻣ ﺪﻛﺄﺘﻠﻟ ﺔﺒﺳﺎﻨﻤﻟا
.تﺎﻤﻴﻠﻌﺘﻟا ﺬﻴﻔﻨﺗ ﺎﻬﻟﻼﺧ ﻦﻣ ﻢﺗ ﻲﺘﻟا ﺔﻴﻧوﺮﺘﻜﻟﻻا تاﻮﻨﻘﻠﻟ عوﺮﺸﻤﻟا ﺮﻴﻏ ماﺪﺨﺘﺳﻻا ( 2
ﺔﻛﺮﺸﻟا ﺎﻬﺘﻤﻠﺘﺳا ﻲﺘﻟا تﺎﻤﻴﻠﻌﺘﻟا ﻲﻓ ضﻮﻤﻏ وأ ﺄﻄﺧ يأو ( 3
تﺎﻤﻴﻠﻌــﺗ ﺎــﻫﺬﻴﻔﻨــﺗ ﺪﻨــﻋ ﺔﺒــﺟاﻮــﻟا ﺔــﻳﺎﻨﻌــﻟا لﺬﺒﺘــﺳ ﺔــﻛﺮــﺸﻟا نﺄــﺑ ﺮﻘــﻳو ﻞﻴﻤﻌــﻟا كرﺪــﻳ 8.14
يأ وأ رﺎﻌــﺳﻻا ﻲــﻓ ضﺎﻔﺨــﻧا وأ ةرﺎﺴــﺧ ﺔــﻳأ ﻦــﻋ ﺔﻴــﻟوﺆﺴــﻣ ﺔــﻳأ ﻞﻤــﺤﺘﺗ ﻻ ﺎﻬﻨﻜــﻟ ،ﻞﻴﻤﻌــﻟا
،ﺔﻘﻔــﺻ ﺔــﻳأ ﺬﻴﻔﻨــﺗ ﻲــﻓ ﺮﻴــﺧﺄﺘــﻟا ﺔﺠﻴﺘــﻧ ﻞﻴﻤﻌــﻟا ﺎــﻫﺪﺒﻜﺘــﻳ عﻮــﻧ يأ ﻦــﻣ تﺎــﻓوﺮﺼــﻣ وأ ءﺎﺒــﻋأ اﺬــﻫ نﺎــﻛ اذإ ﻻإ ،ﺔﻨﻴﻌــﻣ ﺔﻘﻔــﺻ ﺬﻴﻔﻨــﺗ ﻞﺒــﻗ قﻮﺴــﻟا عﺎــﺿوأ ﻲــﻓ ﺮﻴﻐــﺗ يأ ﻚــﻟذ ﻞﻤﺸــﻳو
.ﺔﻛﺮﺸﻟا ﺐﻧﺎﺟ ﻦﻣ ﺪﻤﻌﺘﻤﻟا فﺮﺼﺘﻟا ءﻮﺳ وأ ﺮﻴﺼﻘﺘﻟا ﻰﻟإ ىﺰﻌﻳ ﺮﻴﺧﺄﺘﻟا
ﻖﻠﻄﻤـﺑ) تﺮﺒﺘـﻋا اذإ تﺎﻤﻴﻠﻌﺘـﻟا ﺬﻴﻔﻨـﺗ مﺪـﻋ ﺔـﻛﺮـﺸﻠﻟ زﻮﺠـﻳ ﻪـﻧﺄـﺑ ﺮﻘـﻳو ﻞﻴﻤﻌـﻟا كرﺪـﻳ 8.15 اذإ وأ ،ﺢـﺋاﻮﻠـﻟاو ﺔﻤﻈـﻧﻻا ﻊـﻣ ﻖـﻓاﻮﺘـﺗ ﻻ ﺪـﻗ وأ ﻖـﻓاﻮﺘـﺗ ﻻ ﺔﻴﻨﻌﻤـﻟا ﺔﻘﻔﺼـﻟا نأ(ﺎـﻫﺮـﻳﺪﻘـﺗ ﻰــﻧدأ نود ﺔﺤــﺿاو ﺮﻴــﻏ وأ ﺔﺼــﻗﺎــﻧ ﻞﻴﻤﻌــﻟا ﺎﻬــﻣﺪــﻗ ﻲﺘــﻟا ﻞﻴــﺻﺎﻔﺘــﻟا نأ ﺔــﻛﺮــﺸﻟا تﺮﺒﺘــﻋا ﺔﻴﻠﻤـﻋ ﺔـﻳأ ﺬﻴﻔﻨـﺗ وأ لﻮﺒـﻗ ﻦـﻋ ﺔـﻛﺮـﺸﻟا عﺎﻨﺘـﻣا لﺎـﺣ ﻲـﻓو .ﻞﻴﻤﻌـﻟا هﺎﺠـﺗ ماﺰﺘـﻟا وأ ﺔﻴـﻟوﺆﺴـﻣ مﺪﻘــﺗ نأ ﺎﻬﻴﻠــﻋ ﻦﻴﻌﺘــﻳ ﻻو ،ﻚــﻟﺬــﺑ ﻞﻴﻤﻌــﻟا غﻼــﺑﺈــﺑ ً ارﻮــﻓ ﺔــﻛﺮــﺸﻟا مﻮﻘﺘــﺳ ،تﺎﻤﻴﻠﻌــﺗ وأ
.ﺎﻫراﺮﻘﻟ ﺢﻴﺿﻮﺗ يأ ﻞﻴﻤﻌﻠﻟ
8.16 The Company shall not exercise voting rights or deal with the purchase of control and other offers or the restructuring of capital investments related to the Client’s investment; and its role shall be limited to providing materials related thereto pursuant to written Instructions from the Client. If the Client requests to be provided with such material, then it authorises the Company to bill it for any relevant costs or fees incurred by the Company for those Services.
8.17 The Company may aggregate the Client’s orders with its own orders or with the orders of other clients, provided that no Client will be disadvantaged by such aggregation. Aggregation may operate to the Client’s advantage where this leads to lower Transaction costs or to a better price. Aggregation may delay execution or settlement. All client orders that are aggregated will receive the average price of execution for all orders that are executed. The Client agrees to the aggregation of its orders on this basis.
8.18 All Transactions undertaken on behalf of the Client are subject to the exchange market’s law where the Transactions are executed or its affiliated clearing house, if any, and to the rules, regulations, legislations, interpretations, customs and usages of the exchange or market and its clearing house, and may also be subject to the laws and regulations of other corresponding countries.
8.19 If the Company is unable to fully execute an Instruction and only partially executes the Instruction, the Client shall nevertheless be bound with respect to the part actually executed, unless the relevant Instruction expressly provides to the contrary. Where the Client’s order is aggregated and the aggregated order is only partially filled, the Client will be allocated an entitlement on a pro rata basis.
8.20 The Client acknowledges that placing contingent orders, such as a ”Stop-Loss“ order will be based on the regulations of the exchange market where the Transactions are executed, as some markets do not accept such orders. Also, such orders will not necessarily limit the Client’s losses in the event that market conditions make it impossible to execute such orders.
9.Option Contracts
9.1 General Restrictions
9.1.1 The following restrictions shall apply to Option Contracts:
9.1.2 All Transactions shall be on a fully funded cash basis only. They must be fully covered and not entered into on margin.
9.1.3 Short selling off underlying contracts, Securities, Commodities or metals is not allowed.
9.1.4 Trading in Option Contracts shall be according to the following:
1) purchasing by the Client of puts and calls;
2) liquidating by the Client of long positions in puts and calls.
3) selling by the Client of covered calls.
4) selling by the Client of covered puts as described in Paragraph (9.5.5)
ةﺮﻄﻴــﺴﻟا ءاﺮــﺷ ﻊــﻣ ﻞــﻣﺎﻌﺘــﻟا وأ ﺖــﻳﻮﺼﺘــﻟا xxxxxx ﺔــﺳرﺎﻤﻤــﺑ ﺔــﻛﺮــﺸﻟا مﻮﻘــﺗ ﻦــﻟ 8.16 ﺮﺼﺘﻘــﻳو ﻞﻴﻤﻌــﻟا تارﺎﻤﺜﺘــﺳﺎــﺑ ً ﺔﻘﻠﻌﺘﻤــﻟا لﺎﻤــﻟا سأر ﺔﻠﻜﻴــﻫ ةدﺎــﻋإ وأ ىﺮــﺧﻻا ضوﺮﻌــﻟاو ﺐﻠـﻃ اذإو .ﻞﻴﻤﻌـﻟا ﻦـﻣ ﺔﻴـﺑﺎﺘـﻛ تﺎﻤﻴﻠﻌـﺗ ﻰﻠـﻋ ءﺎﻨـﺑ ﻚـﻟﺬـﺑ ﺔﻘﻠﻌﺘﻤـﻟا داﻮﻤـﻟا ﻢـﻳﺪﻘﺘـﺑ ﺎـﻫرود ﺔـﻗﻼـﻋ تاذ مﻮـﺳر وأ ﻒﻴـﻟﺎﻜـﺗ ﺔـﻳأ ﺪﻴﻘـﺑ ﺔـﻛﺮـﺸﻟا ضﻮﻔـﻳ xxxxxx ،داﻮﻤـﻟا ﻚﻠﺘـﺑ هﺪـﻳوﺰـﺗ ﻞﻴﻤﻌـﻟا
.تﺎﻣﺪﺨﻟا ﻚﻠﺗ ﻞﺑﺎﻘﻣ ﺔﻛﺮﺸﻟا ﺎﻫﺪﺒﻜﺘﺗ
،ﻦـﻳﺮـﺧآ ءﻼﻤـﻋ ﺮـﻣاوأ وأ ﺎﻬـﺑ ﺔـﺻﺎﺨـﻟا ﺮـﻣاوﻻا ﻊـﻣ ﻞﻴﻤﻌـﻟا ﺮـﻣاوأ ﻊﻴﻤـﺠﺗ ﺔـﻛﺮـﺸﻠﻟ زﻮﺠـﻳ 8.17
ﺔﺤﻠﺼــﻣ ﻲــﻓ ﻊﻴﻤــﺠﺘﻟا نﻮﻜــﻳو .ﻞﻴﻤﻌــﻟا ﺔﺤﻠﺼﻤــﺑ اً ﺮﻀــﻣ ﻊﻴﻤــﺠﺘﻟا اﺬــﻫ نﻮﻜــﻳ ﻻ نأ طﺮــﺸﺑ
.ﻞﻀــﻓأ ﺮﻌــﺳ ﻰﻠــﻋ لﻮﺼﺤــﻟا ﻰــﻟإ وأ تﺎﻘﻔﺼــﻟا ﺔﻔﻠﻜــﺗ ﺾﻔــﺧ ﻰــﻟإ يدﺆــﻳ نﺎــﻛ اذإ ﻞﻴﻤﻌــﻟا ءﻼﻤﻌـﻟا ﺮـﻣاوأ ﻊﻴﻤـﺟ ﻞﺼﺤـﺗو .ﺎﻬﺘـﻳﻮﺴـﺗ وأ تﺎﻘﻔﺼـﻟا ﺬﻴﻔﻨـﺗ ﺮﻴـﺧﺄـﺗ ﻰـﻟإ ﻊﻴﻤـﺠﺘﻟا يدﺆـﻳ ﺪـﻗو ﻖـﻓاﻮـﻳو .ةﺬﻔﻨﻤـﻟا ﺮـﻣاوﻻا ﻊﻴﻤـﺠﻟ ﺔﺒـﺴﻨﻟﺎـﺑ ﺬﻴﻔﻨﺘـﻟا ﺮﻌـﺳ ﻂـﺳﻮﺘـﻣ ﻰﻠـﻋ ﺎﻬﻌﻴﻤـﺠﺗ ﻢﺘـﻳ ﻲﺘـﻟا
ﻞﻴﻤﻌﻟا سﺎﺳﻷا اﺬﻫ ﻰﻠﻋ هﺮﻣاوأ ﻊﻴﻤﺠﺗ ﻰﻠﻋ
ﻢﺘـﻳ ﻲﺘـﻟا ﺔﻴـﻟﺎﻤـﻟا قﻮﺴـﻟا مﺎﻈﻨـﻟ ﻞﻴﻤﻌـﻟا ﻦـﻋ ﺔـﺑﺎﻴـﻧ ﻢﺘـﺗ ﻲﺘـﻟا تﺎﻘﻔﺼـﻟا ﻊﻴﻤـﺟ ﻊﻀﺨـﺗ 8.18 ﻢﻈﻨــﻟاو ﺪــﻋاﻮﻘﻠــﻟو ،تﺪــﺟو نإ ،ﺎﻬــﻟ ﺔﻌــﺑﺎﺘــﻟا ﺔــﺻﺎﻘﻤــﻟا ﺔــﻓﺮــﻏ وأ ﺎﻬﻴــﻓ تﺎﻘﻔﺼــﻟا ﺬﻴﻔﻨــﺗ قﻮﺴـﻟا ﻚﻠـﺗ ﻲـﻓ ﺔﻌﺒﺘﻤـﻟا تﺎـﻣاﺪﺨﺘـﺳﻻاو فاﺮـﻋﻻاو تاﺮﻴـﺴﻔﺘﻟاو تﺎﻌـﻳﺮـﺸﺘﻟاو ﺢـﺋاﻮﻠـﻟاو ىﺮــﺧﻻا ناﺪﻠﺒــﻟا ﻦﻴــﻧاﻮﻘــﻟ ﻚــﻟذ ﻰــﻟإ ﺔــﻓﺎــﺿﻻﺎــﺑ ﻊﻀﺨــﺗ ﺪــﻗو ،ﺔــﺻﺎﻘﻤــﻟا ﺔــﻓﺮــﻏ وأ ﺔﻴــﻟﺎﻤــﻟا
ﺔﻴﻨﻌﻤﻟا
،ﻂﻘـﻓ ﺎﻴـﺋﺰـﺟ ﺎـﻫﺬﻴﻔﻨﺘـﺑ ﺖـﻣﺎـﻗو ﺔﻠـﻣﺎـﻛ تﺎﻤﻴﻠﻌﺘـﻟا ﺬﻴﻔﻨـﺗ ﻦـﻣ ﺔـﻛﺮـﺸﻟا ﻦﻜﻤﺘـﺗ ﻢـﻟ اذإ 8.19 ﺔـﻗﻼﻌـﻟا تاذ تﺎﻤﻴﻠﻌﺘـﻟا ﺖﺼـﻧ اذإ ﻻإ ،ﻼﻌـﻓ ﺬﻔﻨﻤـﻟا ءﺰـﺠﻟﺎـﺑ ﺎـﻣﺰﻠـﻣ ﻞﻴﻤﻌـﻟا نﻮﻜـﻳ فﻮﺴـﻓ تﺎﻤﻴﻠﻌﺘــﻟا ﺬﻴﻔﻨــﺗ ﻢــﺗو ﻞﻴﻤﻌــﻟا تﺎﻤﻴﻠﻌــﺗ ﻊﻴﻤــﺠﺗ لﺎــﺣ ﻲــﻓو .ﺔــﺣاﺮــﺻ ﻚــﻟذ فﻼــﺧ ﻰﻠــﻋ ﻰﻠــﻋ ةﺬﻔﻨﻤــﻟا تﺎﻤﻴﻠﻌﺘــﻟا ﻚﻠــﺗ ﻦــﻣ ﻞﻴﻤﻌــﻟا ﺐﻴﺼــﻧ دﺪــﺤﺘﻳ فﻮﺴــﻓ ، ً ﺎﻴــﺋﺰــﺟ ﺔﻌﻤــﺠﻤﻟا
.ﻲﺒﺳﺎﻨﺗ xxxx
xxxxx نﻮﻜـﻳ ،“ةرﺎﺴﺨـﻟا ﻒـﻗو” ﺮـﻣاوأ ﻞﺜـﻣ ،ﺔـﻃوﺮـﺸﻤﻟا ﺮـﻣاوﻻا راﺪـﺻإ نﺄـﺑ ﻞﻴﻤﻌـﻟا ﺮﻘـﻳ 8.20 ﻞﺒﻘــﺗ ﻻ قاﻮــﺳﻻا ﺾﻌــﺑ نأ ﺚﻴــﺣ ،ﻞــﻣﺎﻌﺘــﻟا ﺎﻬﻴــﻓ ﻢﺘــﻳ ﻲﺘــﻟا ﺔﻴــﻟﺎﻤــﻟا قﻮﺴــﻟا ﺔﻤﻈــﻧأ ﻰﻠــﻋ لﺎـﺣ ﻲـﻓ هﺮـﺋﺎﺴـﺧ ﻦـﻣ ةروﺮﻀـﻟﺎـﺑ ﻒـﻗﻮـﺗ ﻦـﻟ ﺮـﻣاوﻻا هﺬـﻫ ﻞﺜـﻣ نأ ﺎﻤـﻛ .ﺮـﻣاوﻻا هﺬـﻫ ﻞﺜـﻣ
.ﺮﻣاوﻻا ﻚﻠﺗ ﺬﻴﻔﻨﺗ ﺔﻴﻧﺎﻜﻣإ مﺪﻋ ﻰﻟإ قﻮﺴﻟا فوﺮﻇ تدأ
رﺎﻴﺨﻟا دﻮﻘﻋ.9
ﺔﻣﺎﻋ دﻮﻴﻗ 9.1
:ﺔﻴﻟﺎﺘﻟا دﻮﻴﻘﻟا ﻖﺒﻄﻨﺗ فﻮﺳ ،تارﺎﻴﺨﻟا دﻮﻘﻋ ﻰﻟإ ﺔﺒﺴﻨﻟﺎﺑ 9.1.1
ةﺎﻄﻐـــﻣ نﻮﻜـــﺗ نأو ﻂﻘـــﻓ يﺪﻘـــﻧ سﺎـــﺳأ ﻰﻠـــﻋ تﺎﻘﻔﺼـــﻟا ﻊﻴﻤـــﺟ نﻮﻜـــﺗ نأ ﺐﺠـــﻳ 9.1.2
ﺶﻣﺎﻬﺑ ﺲﻴﻟو ﻞﻣﺎﻜﻟﺎﺑ
وأ ﺔﻴـﻟﺎﻤـﻟا قاروﻻا وأ دﻮﻘﻌـﻟا ﻰـﻟإ ﺔﺒـﺴﻨﻟﺎـﺑ فﻮﺸﻜﻤـﻟا ﻰﻠـﻋ ﻊﻴـﺑ ءاﺮـﺟﺈـﺑ ﺢﻤﺴـﻳ لا 9.1.3
.ندﺎﻌﻤﻟا وأ ﻊﻠﺴﻟا
:ﻲﺗﻻا ﺐﺴﺣ تارﺎﻴﺨﻟا دﻮﻘﻋ ﻰﻟإ ﺔﺒﺴﻨﻟﺎﺑ ﻪﺑ حﻮﻤﺴﻤﻟا ﺪﻴﺣﻮﻟا لواﺪﺘﻟا نﻮﻜﻴﺳ 9.1.4
ءاﺮﺸﻟا ﻖﺣ رﺎﻴﺧو ﻊﻴﺒﻟا ﻖﺣ رﺎﻴﺧ ﻞﻴﻤﻌﻟا ءاﺮﺷ ( 1
.ءاﺮﺸﻟا ﻖﺣ رﺎﻴﺧو ﻊﻴﺒﻟا ﻖﺣ رﺎﻴﺧ دﻮﻘﻋ ﻲﻓ ةﺎﻄﻐﻣ ﺰﻛاﺮﻤﻟ ﻞﻴﻤﻌﻟا ﺔﻴﻔﺼﺗ ( 2
ةﺎﻄﻐﻤﻟا ءاﺮﺸﻟا ﻖﺣ ﺰﻛاﺮﻤﻟ ﻞﻴﻤﻌﻟا ﻊﻴﺑ ( 3
.(9.5.5) ةﺮﻘﻔﻟا ﻲﻓ دراﻮﻟا راﺮﻗﻻا ﻲﻓ ﺢﺿﻮﻣ ﻮﻫ ﺎﻤﻛ ﻰﻄﻐﻤﻟا ﻊﻴﺒﻟا ﻖﺣ ﻞﻴﻤﻟا ﻊﻴﺑ ( 4
9.2 Contract opening
The Client may enter into Commodities, Securities and Options contracts, and place orders with the Company on any Business Day )or any other day agreed by the Company in writing(, subject to the terms and conditions of this Agreement. The Client and the Company shall agree to the type, value and price of the Transaction, and the date of exchange relating to Commodities, Securities or Options to be bought and sold, as well as other details relevant to the contract. The Company reserves the right to refuse to enter into any contract or to refuse to accept any order of the Client at any time and for any reason whatsoever.
9.3 Contract Closing
9.3.1 ”Contract Closing“ shall mean the specific action taken by the Client or the Company, in accordance with the terms of this Agreement and the terms specified in this paragraph, to liquidate a Contract. Any reference to ”liquidated“ or ”closed“ in relation to a Contract shall be a reference to any such Contract after such action has taken place. Such action shall be taken at such time as the Company shall specify prior to the day of maturity of the Contract. Should the Client fail to close any such Contract by such time, the Company shall be authorised, but not obligated, to do so, on behalf of the Client at such prices and otherwise on such terms, as the Company in its sole discretion, deems fit. The rights of the buyer of any Option must be exercised, or relinquished by selling the Option, by such time as the Company shall specify on the exercise date agreed for such Contract, and thereafter all such rights shall expire. The Client shall pay to the Company, on demand, all losses, liabilities, costs, expenses, charges, fees, taxes or similar sums arising, directly or indirectly, out of, or in connection with, a Contract Closing, whether payable at the time of a Contract Closing or at any time thereafter
9.3.2 Without prejudice to any other rights of the Company under this Agreement, the Company may, at any time and without prior notice, carry out the following:
1) Sell, exercise, offset or liquidate any or all long contracts;
2) Sell, offset or liquidate any or all short contracts;
3) Cancel any outstanding orders or close out any or all existing Contracts
4) Buy or sell Contracts to enter into, liquidate, spread or straddle positions with respect to any Contracts, whether long or short, and held in any of the Client’s accounts with the Company.
9.3.3 Without prejudice to any other rights of the Company under this Agreement, in the event that the Company determines at any time, in its sole discretion, that any Security may not be available as required for the purposes of any Contract, such Security shall be designated as a ” Restricted Security“. Prior to entering into any short Contract, the Client shall ensure that the Securities which are the subject of such Contract are not Restricted Securities. In relation to any Contract involving a Restricted Security:
دﻮﻘﻌﻟا ﺢﺘﻓ 9.2
ىﺪـﻟ ﺮـﻣاوﻻا ﻊـﺿوو تارﺎﻴﺨـﻟاو ﺔﻴـﻟﺎﻤـﻟا قاروﻻاو ﻊﻠـﺴﻟا دﻮﻘـﻋ ﻲـﻓ لﻮـﺧﺪـﻟا ﻞﻴﻤﻌﻠـﻟ زﻮﺠـﻳ مﺎﻜــﺣﻻ ﺎﻘــﻓو (ً ﺎﻴﻄــﺧ ﺔــﻛﺮــﺸﻟا ﻪﻴﻠــﻋ ﻖــﻓاﻮــﺗ ﺮــﺧآ مﻮــﻳ يأ وأ) ﻞﻤــﻋ مﻮــﻳ يأ ﻲــﻓ ﺔــﻛﺮــﺸﻟا ﺎﻬﺘﻤﻴـــﻗو ﺔﻘﻔﺼـــﻟا عﻮـــﻧ ﻰﻠـــﻋ ﺔـــﻛﺮـــﺸﻟاو ﻞﻴﻤﻌـــﻟا ﻖﻔﺘـــﻳو .ﺎﻬـــﻃوﺮـــﺷو ﺔﻴـــﻗﺎﻔـــﺗﻻا هﺬـــﻫ ﻢﺘﻴـــﺳ ﻲﺘـــﻟا تارﺎﻴﺨـــﻟا وأ ﺔﻴـــﻟﺎﻤـــﻟا قاروﻻا وأ ﻊﻠـــﺴﻠﻟ ﺔﺒـــﺴﻨﻟﺎـــﺑ لدﺎﺒﺘـــﻟا ﺦـــﻳرﺎـــﺗو ﺎـــﻫﺮﻌـــﺳو ﻲــﻓ ﺎﻬﻘﺤــﺑ ﺔــﻛﺮــﺸﻟا ﻆﻔﺘﺤــﺗو .ﺔــﻗﻼﻌــﻟا تاذ ىﺮــﺧﻻا ﺪﻘﻌــﻟا ﻞﻴــﺻﺎﻔــﺗو ﺎﻬﻌﻴــﺑو ﺎــﻫؤاﺮــﺷ
.نﺎﻛ ﺐﺒﺳ يﻻو ﺖﻗو يأ ﻲﻓ ﻞﻴﻤﻌﻟا ﻦﻣ ﺮﻣأ يأ لﻮﺒﻗ ﺾﻓر وأ ﺪﻘﻋ يأ ماﺮﺑإ ﺾﻓر
دﻮﻘﻌﻟا لﺎﻔﻗإ 9.3
هﺬـﻫ مﺎﻜـﺣﻻ ﺎً ﻘـﻓو ﺔـﻛﺮـﺸﻟا وأ ﻞﻴﻤﻌـﻟا هدﺪـﺤﻳ يﺬـﻟا ءاﺮـﺟﻻا ﻮـﻫ “ﺪﻘﻌـﻟا لﺎﻔـﻗإ" 9.3.1 نﻮﻜـــﺗو .ﺪﻘﻌـــﻟا ﺔﻴﻔﺼﺘـــﻟ ةﺮﻘﻔـــﻟا هﺬـــﻫ ﻲـــﻓ ةدﺪـــﺤﻤﻟا مﺎﻜـــﺣﻻاو ﺎﻬـــﻃوﺮـــﺷو ﺔﻴـــﻗﺎﻔـــﺗﻻا يأ ﻰـﻟإ ةرﺎـﺷإ ﺪﻘﻌـﻟا ﻰـﻟإ ﺔﺒـﺴﻨﻟﺎـﺑ “لﺎﻔـﻗﻻا ﻢـﺗ” وأ “ﺔﻴﻔﺼﺘـﻟا ﺖﻤـﺗ” ﺢﻠﻄﺼـﻣ ﻰـﻟا ةرﺎـﺷﻻا ﺔـﻛﺮـﺸﻟا هدﺪـﺤﺗ ﺖـﻗو يأ ﻲـﻓ ءاﺮـﺟﻻا اﺬـﻫ ﻞﺜـﻣ ذﺎﺨـﺗا ﻢﺘـﻳو .رﻮـﻛﺬﻤـﻟا ءاﺮـﺟﻼـﻟ ﻊﻀﺨـﻳ ﺪﻘـﻋ
،ةدﺪـﺤﻤﻟا ةﺮﺘﻔـﻟا ﻲـﻓ ﺪﻘـﻋ يأ لﺎﻔـﻗإ ﻲـﻓ ﻞﻴﻤﻌـﻟا ﻞـﺸﻓ اذإو .ﺪﻘﻌـﻟا قﺎﻘﺤﺘـﺳا مﻮـﻳ ﻞﺒـﻗ ﺔﺒـﺳﺎﻨـﻣ ﺎـﻫاﺮـﺗ ﻲﺘـﻟا طوﺮـﺸﻟاو رﺎﻌـﺳﻻﺎـﺑ ﻞﻴﻤﻌـﻟا ﻦـﻋ ﺔـﺑﺎﻴـﻧ ﻚـﻟذ ﻞﻌـﻓ ﺔـﻛﺮـﺸﻠﻟ ﻖﺤـﻳ فﻮﺴـﻓ قﻮﻘﺤــﻟا ﺔــﺳرﺎﻤــﻣ ﺐﺠــﻳو .ﻚــﻟﺬــﺑ ﺔــﻣﺰﻠــﻣ نﻮﻜــﺗ نأ نود ﻦﻜــﻟ ،ﻖﻠﻄﻤــﻟا ﺎــﻫﺮــﻳﺪﻘــﺗ ﺐــﺴﺣ ﻲﺘـﻟا ةﺮﺘﻔـﻟا لﻼـﺧ ﻚـﻟذو رﺎﻴﺨـﻟا ﻊﻴـﺑ لﻼـﺧ ﻦـﻣ ﺎﻬﻨـﻋ ﻲﻠـﺨﺘﻟا وأ رﺎﻴـﺧ يأ يﺮﺘـﺸﻤﻟ ةﺪـﺋﺎﻌـﻟا ﻚـﻟذ ﺪﻌـﺑو ،ﺪﻘﻌـﻟا ﻚـﻟذ ﻰـﻟإ ﺔﺒـﺴﻨﻟﺎـﺑ ﻪﻴﻠـﻋ ﻖﻔﺘﻤـﻟا ﺔـﺳرﺎﻤﻤـﻟا ﺦـﻳرﺎـﺗ ﻲـﻓ ﺔـﻛﺮـﺸﻟا ﺎـﻫدﺪـﺤﺗ ﺮـــﺋﺎﺴﺨـــﻟا ﻊﻴﻤـــﺟ ﺐﻠﻄـــﻟا ﺪﻨـــﻋ ﺔـــﻛﺮـــﺸﻠﻟ ﻞﻴﻤﻌـــﻟا ﻊـــﻓﺪـــﻳو .قﻮﻘﺤـــﻟا ﻚﻠـــﺗ ﻊﻴﻤـــﺟ ﻲـــﻬﺘﻨﺗ xxxxxxxx xxxxx ﺐــﺋاﺮﻀــﻟاو بﺎﻌــﺗﻻاو مﻮــﺳﺮــﻟاو ﻒــﻳرﺎﺼﻤــﻟاو ﻒﻴــﻟﺎﻜﺘــﻟاو ﺔﻴــﻟﺎﻤــﻟا تﺎــﻣاﺰﺘــﻟﻻاو ﺔﺒـﺟاو ﺖـﻧﺎـﻛ ءاﻮـﺳ ،ﺪﻘﻌـﻟا لﺎﻔـﻗإ ﻦـﻋ ةﺮـﺷﺎﺒـﻣ ﺮﻴـﻏ وأ ةﺮـﺷﺎﺒـﻣ ةرﻮﺼـﺑ ﺄﺸﻨـﺗ ﻎـﻟﺎﺒـﻣ ﻦـﻣ ﻚـﻟذ
.ﻖﺤﻟا ﺖﻗو يأ ﻲﻓ وأ ﺪﻘﻌﻟا لﺎﻔﻗإ ﺖﻗو ﻊﻓﺪﻟا
ﻖﺤـﻳ ،ﺔﻴـﻗﺎﻔـﺗﻻا هﺬـﻫ ﺎﻬﻴﻠـﻋ ﺺﻨـﺗ ﺔـﻛﺮـﺸﻠﻟ ىﺮـﺧأ xxxxx ﺔـﻳﺄـﺑ سﺎﺴﻤـﻟا مﺪـﻋ ﻊـﻣ 9.3.2
:ﻲﻠﻳ ﺎﻤﺑ مﻮﻘﺗ نأ ﻖﺒﺴﻣ رﺎﻌﺷإ نودو ﺖﻗو يأ ﻲﻓ ﺔﻛﺮﺸﻠﻟ
وأ ﺎﻬــــﻟاﺪﺒﺘــــﺳا وأ ﺎﻬﺘــــﺳرﺎﻤــــﻣ وأ ﺔﻤﻴﻘــــﻟا ةدﺪــــﺴﻤﻟا دﻮﻘﻌــــﻟا ﻊﻴﻤــــﺟ وأ ﻦــــﻣ يأ ﻊﻴــــﺑ ( 1
؛ﺎﻬﺘﻴﻔﺼﺗ
؛ﺎﻬﺘﻴﻔﺼﺗ وأ ﺎﻬﻟاﺪﺒﺘﺳا وأ ﺔﻓﻮﺸﻜﻤﻟا دﻮﻘﻌﻟا ﻊﻴﻤﺟ وأ ﻦﻣ يأ ﻊﻴﺑ ( 2
تﺎـﺑﺎﺴـﺣ ﺔﻴﻔﺼـﺗو ﺔﻤـﺋﺎﻘـﻟا دﻮﻘﻌـﻟا ﻊﻴﻤـﺟ وأ ﻦـﻣ يأ لﺎﻔـﻗإ وأ ﺔﻘـﻟﺎـﻋ ﺮـﻣاوأ يأ ءﺎﻐـﻟإ ( 3
؛ ﺔﻛﺮﺸﻟا ىﺪﻟ ﻞﻴﻤﻌﻟا
ﻰـﻟإ ﺔﺒـﺴﻨﻟﺎـﺑ ﺰـﻛاﺮﻤـﻟا ﻊﻴـﺳﻮـﺗ وأ ﺪـﻳﺪﻤـﺗ وأ ﺔﻴﻔﺼـﺗ وأ ماﺮـﺑإ ﻞـﺟأ ﻦـﻣ دﻮﻘﻌـﻟا ﻊﻴـﺑ وأ ءاﺮـﺷ ( 4
تﺎـﺑﺎﺴـﺣ ﻦـﻣ يأ ﻲـﻓ ةدﻮـﺟﻮﻤـﻟاو ،ﺔـﻓﻮﺸﻜـﻣ وأ ﺔﻤﻴﻘـﻟا ةدﺪـﺴﻣ ﺖـﻧﺎـﻛ ءاﻮـﺳ ،دﻮﻘـﻋ ﺔـﻳأ
.ﺔﻛﺮﺸﻟا ىﺪﻟ ﻞﻴﻤﻌﻟا
اذإ ،ﺔﻴـﻗﺎﻔـﺗﻻا هﺬـﻫ ﻰﻀﺘﻘﻤـﺑ ىﺮـﺧﻻا ﺔـﻛﺮـﺸﻟا xxxxx ﻦـﻣ يﺄـﺑ سﺎﺴﻤـﻟا مﺪـﻋ ﻊـﻣ 9.3.3 ﺐـﺴﺣ ﺮـﻓﻮﺘـﺗ ﻻ ﺪـﻗ ﺔﻴـﻟﺎـﻣ ﺔـﻗرو يأ نأ ﺎـﻫﺮـﻳﺪﻘـﺗ ﺾﺤﻤـﺑو ﺖـﻗو يأ ﻲـﻓ ﺔـﻛﺮـﺸﻟا ترﺮـﻗ ﺔﻴـــﻟﺎـــﻣ ﺔـــﻗرو” ـــﻛ ﻒﻨﺼﺘـــﺳ ﺔﻴـــﻟﺎﻤـــﻟا ﺔـــﻗرﻮـــﻟا ﻚﻠـــﺗ نﺈـــﻓ ،ﺪﻘـــﻋ يأ ضاﺮـــﻏﻻ بﻮﻠﻄﻤـــﻟا ﻦـﻣ ﺪـﻛﺄﺘـﻳ نأ فﻮﺸﻜـﻣ ﺪﻘـﻋ يأ ﻲـﻓ لﻮـﺧﺪـﻟا ﻞﺒـﻗ ﻞﻴﻤﻌـﻟا ﻰﻠـﻋ ﻦﻴﻌﺘـﻳ ،اﺬـﻟو .“ةرﻮﻈـﺤﻣ يأ ﻰـﻟإ ﺔﺒـﺴﻨﻟﺎـﺑو .“ةرﻮﻈـﺤﻣ ﺔﻴـﻟﺎـﻣ ﺎـﻗاروأ” ﺖـﺴﻴﻟ ﺪﻘﻌـﻟا ﻚـﻟﺬـﺑ ﺔـﺻﺎﺨـﻟا ﺔﻴـﻟﺎﻤـﻟا قاروﻻا نأ
:ةرﻮﻈﺤﻣ ﺔﻴﻟﺎﻣ ﺎﻗاروأ ﻦﻤﻀﺘﻳ ﺪﻘﻋ
1. The Company shall have the right, at any time, to buy, offset or otherwise liquidate, without prior notice to the Client, any short contract )notwithstanding any loss incurred by the Client under such short contract
2. The Client will be liable for any short position;
3.The Company may, at its sole discretion, require the Client to buy in any short position and pay for the Securities without prior notice.
9.4 Risk Disclosure Statement for Futures & Option Contracts
This brief statement does not disclose all the risks and other significant aspects of trading in Securities, futures and options. In light of these risks, the Client should undertake such Transactions only if it understands the nature of the contracts )and contractual relationships( into which it is entering and the extent of its potential exposure to risk. Trading in futures and options is not suitable for all clients. The Client should carefully consider whether trading is appropriate in light of its experience, objectives, financial resources and other relevant circumstances; and it should refer to a financial adviser, as it shall be solely responsible for trading in futures and Option Contracts and the resulting risks.
9.4.1 Risk-Reducing Orders and Strategies
The placing of certain orders )e.g. stop-loss orders, where permitted by local law, or stop-limit orders(, which are intended to limit losses to certain amounts may not be effective because market conditions may make it impossible to execute such orders. Strategies using combinations of positions, such as spread and straddle positions may be as risky as taking simple long or short positions.
9.4.2 Options Contracts: Variable Degree of Risk
9.4.2.1 Transactions in options carry a high degree of risk. The Client should familiarise itself with the type of option)i.e. put or call( which they contemplate trading and the risks associated with them. The Client should calculate the extent to which the value of the options must increase for its position to become profitable, taking into account the premium and all associated Transaction costs.
9.4.2.2 The purchaser of options may exercise or not exercise the options or allow the options to expire. The exercise of an option results either in a cash settlement or in the purchaser acquiring or delivering the underlying instrument. If the option is on a future, the purchaser shall acquire a futures position with associated liabilities for margin. If the purchased options expire worthless, the Client shall completely loose its investment, including the option premium plus all Transaction costs. If the Client is contemplating purchasing deep-out-of-the- money options, the Client should be aware that the chance of such options becoming profitable is usually remote.
وأ ﻪـــﻟاﺪﺒﺘـــﺳا وأ فﻮﺸﻜـــﻣ ﺪﻘـــﻋ يأ ءاﺮـــﺸﺑ ﺖـــﻗو يأ ﻲـــﻓ مﻮﻘـــﺗ نأ ﺔـــﻛﺮـــﺸﻠﻟ ﻖﺤـــﻳ .1
ﻞﻴﻤﻌـﻟا ﺎـﻫﺪﺒﻜﺘـﻳ ةرﺎﺴـﺧ ﺔـﻳأ ﻦـﻋ ﺮﻈﻨـﻟا فﺮﺼـﺑ) ﻞﻴﻤﻌﻠـﻟ ﻖﺒـﺴﻣ رﺎﻌـﺷإ ﻪﻴـﺟﻮـﺗ نود ﻪﺘﻴﻔﺼـﺗ
(فﻮﺸﻜﻤﻟا ﺪﻘﻌﻟا ﻚﻟذ ﻰﻀﺘﻘﻤﺑ
فﻮﺸﻜﻣ ﺰﻛﺮﻣ يأ ﻦﻋ ﻻوﺆﺴﻣ ﻞﻴﻤﻌﻟا نﻮﻜﻳ .2
فﻮﺸﻜﻤــﻟا ﺰــﻛﺮﻤــﻟا ءاﺮــﺷ ﻞﻴﻤﻌــﻟا ﻦــﻣ ﺐﻠﻄــﺗ نأ ﺎــﻫﺮــﻳﺪﻘــﺗ ﺾﺤﻤــﺑو ﺔــﻛﺮــﺸﻠﻟ زﻮﺠــﻳو .3
ﻖﺒﺴﻣ رﺎﻌﺷإ نوﺪﺑ ﺔﻴﻟﺎﻤﻟا قاروﻻا ﺔﻤﻴﻗ ﻊﻓدو
تارﺎﻴﺨـــﻟا دﻮﻘـــﻋو ﺔﻴﻠﺒﻘﺘـــﺴﻤﻟا دﻮﻘﻌـــﻟا ﻰـــﻟإ ﺔﺒـــﺴﻨﻟﺎـــﺑ ﺮـــﻃﺎﺨﻤـــﻟا ﻦـــﻋ حﺎﺼـــﻓﻻا نﺎﻴـــﺑ 9.4
ﺔﻴﻟﺎﻤﻟا قاروﻻﺎﺑ ﺔﺻﺎﺨﻟا
ﺔﻤﻬﻤــﻟا ﺐــﻧاﻮﺠــﻟاو ﺮــﻃﺎﺨﻤــﻟا ﻊﻴﻤــﺠﻟ ﻼــﻣﺎــﻛ ﺎــﺣﺎﺼــﻓإ ﻦﻤﻀﺘــﻳ ﻻ ﺮﺼﺘﺨﻤــﻟا نﺎﻴﺒــﻟا اﺬــﻫ نإ ءﻮــﺿ ﻲــﻓو .تارﺎﻴﺨــﻟا دﻮﻘــﻋو ﺔﻴﻠﺒﻘﺘــﺴﻤﻟا دﻮﻘﻌــﻟاو ﺔﻴــﻟﺎﻤــﻟا قاروﻻﺎــﺑ ﻞــﻣﺎﻌﺘﻠــﻟ ىﺮــﺧﻻا ﻢﻬﻔـــﻳ نﺎـــﻛ اذإ ﻻإ تﺎﻘﻔﺼـــﻟا هﺬـــﻬﺑ ﻞـــﻣﺎﻌﺘـــﻳ ﻻ نأ ﻞﻴﻤﻌـــﻟا ﻰﻠـــﻋ ﻦﻴﻌﺘـــﻳ ،رﺎﻄـــﺧﻻا هﺬـــﻫ نأ ﺚﻴــﺣ ،ﺮﻄــﺨﻠﻟ ﻪــﺿﺮﻌــﺗ ىﺪــﻣو ﺎﻬــﻣﺮﺒــﻳ ﻲﺘــﻟا(ﺔــﻳﺪــﻗﺎﻌﺘــﻟا تﺎــﻗﻼﻌــﻟاو) دﻮﻘﻌــﻟا ﺔﻌﻴﺒــﻃ
.رﻮﻬﻤـﺠﻟا ﺔـﻣﺎـﻋ ﻦـﻣ ﻦﻴﻠـﻣﺎﻌﺘﻤـﻟا اﺮﻴﺜـﻛ ﺐـﺳﺎﻨـﻳ ﻻ تارﺎﻴﺨـﻟاو ﺔﻴﻠﺒﻘﺘـﺴﻤﻟا دﻮﻘﻌـﻟﺎـﺑ ﻞـﻣﺎﻌﺘـﻟا ﻪـﻓاﺪـﻫأو ﻪـﺗﺮﺒـﺧ ءﻮـﺿ ﻲـﻓ ﻪـﻟ ﺎﺒـﺳﺎﻨـﻣ ﻞـﻣﺎﻌﺘـﻟا نﺎـﻛ اذا ﺎـﻣ رﺎﺒﺘـﻋﻻا ﻲـﻓ ﺬـﺧﺄـﻳ نأ ﻪﻴﻠـﻋ ﻚـﻟﺬـﻛ ﻰـﻟإ عﻮـﺟﺮـﻟا ﻞﻴﻤﻌـﻟا ﻰﻠـﻋو .ﺔـﻗﻼﻌـﻟا تاذ ىﺮـﺧﻻا ﻪـﻓوﺮـﻇو ﺔﻴـﻟﺎﻤـﻟا هدراﻮـﻣو ﺔـﻳرﺎﻤﺜﺘـﺳﻻا ﺞﺘﻨــﻳ ﺎــﻣو رﺎﻴﺨــﻟا دﻮﻘــﻋو ﺔﻴﻠﺒﻘﺘــﺴﻤﻟا دﻮﻘﻌــﻟا ﻲــﻓ ﻪــﺗﻻواﺪــﺗ نأ ﺚﻴــﺣ ﻲــﻟﺎﻤــﻟا هرﺎﺸﺘــﺴﻣ
.ﻂﻘﻓ ﻪﺘﻴﻟوﺆﺴﻣ ﺖﺤﺗ نﻮﻜﺗ ﺮﻃﺎﺨﻣ ﻦﻣ ﺎﻬﻨﻋ
ﺮﻄﺨﻟا ﻦﻣ ﻞﻴﻠﻘﺘﻟا ﺮﻣاوأو تﺎﻴﺠﻴﺗاﺮﺘﺳﻻا 9.4.1
مﺎﻈﻨـﻟا ﺐـﺟﻮﻤـﺑ ازﺎﺠـﻣ اﺬـﻫ نﺎـﻛ ﺎﻤﺜﻴـﺣ ،“ةرﺎﺴﺨـﻟا ﻒـﻗو” ﺮـﻣاوأ ﻞﺜـﻣ) ﺔﻨﻴﻌـﻣ ﺮـﻣاوأ ﻊـﺿو نإ ﻎـﻟﺎﺒـﻣ ﺪﻨـﻋ ةرﺎﺴﺨﻠـﻟ ﺪـﺣ ﻊـﺿو ﻰـﻟإ ﺔـﻓدﺎﻬـﻟا(xxxxx xxxx ﺪﻨـﻋ ﻒـﻗﻮﺘـﻟا ﺮـﻣاوأ” وأ ،ﻲﻠـﺤﻤﻟا ﻞﻴﺤﺘﺴﻤﻟا وأ ﺐﻌﺼﻟا ﻦﻣ ﻞﻌﺠﺗ ﺪﻗ قﻮﺴﻟا فوﺮﻇ نأ ﺚﻴﺣ ،ةﺪﻴﻔﻣ نﻮﻜﺗ ﻻ ﺪﻗ ﺔﻨﻴﻌﻣ ” ﺰـﻛاﺮﻤـﻛ ،ﺰـﻛاﺮﻤـﻟا ﻦـﻣ ﺔﻠﻤـﺟ مﺪﺨﺘـﺴﺗ ﻲﺘـﻟا تﺎﻴﺠﻴـﺗاﺮﺘـﺳﻻا نﻮﻜـﺗ ﺪـﻗو .ﺮـﻣاوﻻا ﻚﻠـﺗ ﺬﻴﻔﻨـﺗ
.ﺔﻄﻴﺴﺒﻟا “ﺔﻓﻮﺸﻜﻤﻟا” وأ “ةدﺪﺴﻤﻟا” ﺰﻛاﺮﻤﻟا ﻦﻋ ةرﻮﻄﺧ ﻞﻘﺗ ﻻ “ﺪﻳﺪﻤﺘﻟا“و “ﻊﻴﺳﻮﺘﻟا
ﺮﻄﺨﻟا ﺔﺟرد توﺎﻔﺗ :تارﺎﻴﺨﻟا دﻮﻘﻋ 9.4.2
ﻰﻠــﻋ ﻦﻴﻌﺘــﻳو .ﺮﻄــﺨﻟا ﻦــﻣ ﺔﻴــﻟﺎــﻋ ﺔــﺟرد ﻰﻠــﻋ تارﺎﻴﺨــﻟا دﻮﻘﻌــﺑ ﻞــﻣﺎﻌﺘــﻟا يﻮﻄﻨــﻳ 9.4.2.1 يﻮﻨــﻳ يﺬــﻟا )ءاﺮــﺷ رﺎﻴــﺧ مأ ﻊﻴــﺑ رﺎﻴــﺧ يأ( رﺎﻴﺨــﻟا ﺪﻘــﻋ عﻮــﻧ ﻰﻠــﻋ ً اﺪﻴــﺟ فﺮﻌﺘــﻳ نأ ﻞﻴﻤﻌــﻟا نأ ﺐﺠﻳ يﺬﻟا ىﺪﻤﻟا ﺐﺴﺤﻳ نأ ﻞﻴﻤﻌﻟا ﻰﻠﻋ ﻚﻟﺬﻛ .ﻪﻟ ﺔﺒﺣﺎﺼﻤﻟا ﺮﻃﺎﺨﻤﻟاو ﻪﺑ ﻞﻣﺎﻌﺘﻟا ﻂــﺴﻘﻟا رﺎﺒﺘــﻋﻻا ﻲــﻓ ﺬــﺧﻻا ﻊــﻣ ، ً ﺎﺤــﺑﺮــﻣ هﺰــﻛﺮــﻣ xxxxxx ﻲﻜــﻟ تارﺎﻴﺨــﻟا ﺔﻤﻴــﻗ ﻪﻴــﻟإ ﻊﻔــﺗﺮــﺗ
.ﺔﻘﻟﺎﻌﻟا تاذ ﺔﻘﻔﺼﻟا ﻒﻴﻟﺎﻜﺗ ﻊﻴﻤﺟو عﻮﻓﺪﻤﻟا
وأ ﺎﻬـﺳرﺎﻤـﻳ وأ تارﺎﻴﺨـﻟا ﺔـﺳرﺎﻤـﻣ ﻦـﻋ لﺪﻌـﻳ نأ تارﺎﻴﺨـﻟا دﻮﻘـﻋ يﺮﺘـﺸﻤﻟ ﻦﻜﻤـﻳ 9.4.2.2
ﺔــﻳﻮﺴﺘــﻟا ﻰــﻟإ ﺎــﻣإ تارﺎﻴﺨــﻟا ﺔــﺳرﺎﻤــﻣ يدﺆــﺗو .ﻪﺘــﺳرﺎﻤــﻣ نود رﺎﻴﺨــﻟا ءﺎﻀﻘــﻧا ةﺪــﻣ ﺮﻈﺘﻨــﻳ
.ﺔﺤﻠﺼﻤـﻟا ﻚﻠـﺗ ﻢﻴﻠـﺴﺗ ﻰـﻟإ وأ ﺔﻴﻨﻌﻤـﻟا ﺔﺤﻠﺼﻤـﻟا ﻰﻠـﻋ يﺮﺘـﺸﻤﻟا ذاﻮﺤﺘـﺳا ﻰـﻟإ وأ ﺔـﻳﺪﻘﻨـﻟا ﻲﻠﺒﻘﺘـﺴﻣ ﺪﻘـﻋ ﺰـﻛﺮـﻣ يﺮﺘـﺸﻤﻟا ﻚﻠﺘﻤـﻳ فﻮﺴـﻓ ، ً ﺎﻴﻠﺒﻘﺘـﺴﻣ اﺪﻘـﻋ ﺺﺨـﻳ رﺎﻴﺨـﻟا نﺎـﻛ اذإو ﻻ ةاﺮــﺘﺸﻤﻟا تارﺎﻴــﺨﻟا ﺖﺤــﺒﺻأ اذإو .xxxxxx xxxxxxxx ــﻢﻳﺪﻘــﺘﺑ ﺔــﺒﺣﺎــﺼﻣ تــﺎﻣاﺰــﺘﻟا ﻦﻤﻀــﺘﻳ ﻂــﺴﻗ ﻞــﻣﺎــﻛ ﻪﻴــﻓ ﺎﻤــﺑ هرﺎﻤﺜﺘــﺳا ﻞــﻣﺎــﻛ ﺮﺴﺨﻴــﺳ ﻞﻴﻤﻌــﻟا نﺈــﻓ ،ﺎﻬــﺋﺎﻬﺘــﻧا ﺖــﻗو ﺎﻬــﻟ ﺔﻤﻴــﻗ قﺎﻄـﻧ xxxxx ةﺮﻌﺴـﻣ تارﺎﻴـﺧ ءاﺮـﺷ ﻲـﻓ ﻞﻴﻤﻌـﻟا نﺎـﻛ اذاو .ﺔﻘﻔﺼـﻟا ﻒﻴـﻟﺎﻜـﺗ ﻊﻴﻤـﺟو رﺎﻴﺨـﻟا ﻦـﻣ حﺎـﺑرأ ﻖﻴﻘﺤـﺗ ﺔـﺻﺮـﻓ نأ كرﺪـﻳ نأ ﻪﻴﻠﻌـﻓ (deep-out-of-the-money) ﻲـﻟﺎﺤـﻟا ﺮﻌﺴـﻟا
اﺪﺟ ﺔﻠﻴﺌﺿ تارﺎﻴﺨﻟا هﺬﻫ
9.4.2.3 Selling an option generally entails considerably greater risk than purchasing options; as a result, the Company may allow the Client to only sell covered options. Although the premium received by the seller is fixed, the seller may sustain a loss well in excess of the amount equal to the full value of the option in addition to Transaction costs and the premium already paid. The seller shall also be exposed to the risk of the purchaser exercising the option and the seller shall be obligated to either settle the option in cash or to acquire or deliver the underlying instrument.
9.4.2.4 Certain exchanges in some jurisdictions allow the deferred payment of option premiums, exposing the purchaser to liability for margin payments not exceeding the amount of the premium. The purchaser is still subject to the risk of losing the premium and Transaction costs. When the option is exercised or expired, the purchaser is responsible for any unpaid premium that remains outstanding at that time.
9.4.2.5 The Client acknowledges and agrees to be responsible for monitoring all its open option positions.
9.4.2.6 In the event of any automatic exercise of the ”in-the- money long Options“, the Client shall be liable to cover the value of the underlying Securities assigned to the Client. In the case of ”long put Options“, the resulting short positions shall be covered immediately by the Client.
9.4.2.7 The Company reserves the right to close any Options or Securities positions, at its sole discretion, when necessary.
9.4.3 Terms and Condition of Contracts
The Client should seek the advice of a competent third party,
other than the Company, if it is not completely acquainted with the terms and conditions of the specific futures or options contracts that it is trading, and the obligations associated with them )e.g. the circumstance under which the Client may become obligated to deliver or take delivery of the underlying instrument of a future contract as well as the prevailing expiration dates of and restrictions applying to options, when these contracts are exercised(. Under certain circumstances, the specifications of an existing contract )including the price of exercising an option( may be modified by the exchange or clearing house to reflect changes in the underlying interest.
9.4.4 Suspension or Restriction of Trading and Pricing
Market conditions )e.g. illiquidity( or the implementation of the rules in certain markets )e.g. the suspension of trading in any contract or contract month because of price limits or ‘circuit breakers’( may increase the risk of loss by making it difficult or impossible to effect Transactions or liquidate or offset positions. If the Client has sold options, this may increase the risk of loss. Furthermore, normal pricing relationships between the underlying instrument and the future, and the underlying instrument and the option may not exist. This can occur when, for example, the futures contract underlying the option is subject to price limits while the option is not. The absence of an
underlying reference price may make it difficult to determine the ”fair value“.
ءاﺮـــﺷ ﺮﻄـــﺧ ﺮﻴﺜﻜـــﺑ قﻮﻔـــﺗ ﺮﻄـــﺨﻟا ﻦـــﻣ ﺔـــﺟرد ﻰﻠـــﻋ ﺎـــﻣﻮﻤـــﻋ رﺎﻴﺨـــﻟا ﻊﻴـــﺑ يﻮﻄﻨـــﻳ 9.4.2.3 نأ ﻊـﻣو .ﻂﻘـﻓ “ةﺎﻄﻐﻤـﻟا” تارﺎﻴﺨـﻟا ﻊﻴﺒـﺑ ﻞﻴﻤﻌﻠـﻟ ﺢﻤﺴﺘـﺳ ﺔـﻛﺮـﺸﻟا نﺈـﻓ ،اﺬـﻟو ،تارﺎﻴﺨـﻟا ةدﺎــﻳز ﺪــﻳﺰــﺗ ةرﺎﺴــﺧ ﺪﺒﻜﺘــﻳ نأ ﻦﻜﻤــﻳ ﻊــﺋﺎﺒــﻟا نأ ﻻإ ،ﺖــﺑﺎــﺛ ﻊــﺋﺎﺒــﻟا ﻪﻤﻠﺘــﺴﻳ يﺬــﻟا ﻂــﺴﻘﻟا ﺔﻘﻔﺼـﻟا ﻒﻴـﻟﺎﻜـﺗ ﻰـﻟإ ﺔـﻓﺎـﺿإ رﺎﻴﺨـﻟا ﻎﻠﺒـﻣ ﻞـﻣﺎـﻛ يوﺎﺴـﻳ يﺬـﻟا ﻎﻠﺒﻤـﻟا ﻚـﻟذ ﻦـﻋ ﺔـﻇﻮﺤﻠـﻣ رﺎﻴﺨـﻟا ﺔـﺳرﺎﻤﻤـﺑ يﺮﺘـﺸﻤﻟا مﺎﻴـﻗ ﺮﻄـﺨﻟ ﻊـﺋﺎﺒـﻟا ضﺮﻌﺘـﻳ ﺎﻤـﻛ .هﺪـﻳﺪـﺴﺗ ﻖﺒـﺳ يﺬـﻟا ﻂـﺴﻘﻟاو
رﺎﻴﺨﻟا عﻮﺿﻮﻣ ةادﻻا وأ ﺪﻘﻌﻟا ﻢﻴﻠﺴﺗ وا اﺪﻘﻧ
ﻂـﺴﻗ ﻊـﻓد ﻞﻴـﺟﺄﺘـﺑ ﺢﻤﺴـﺗ ﺔﻨﻴﻌـﻣ ناﺪﻠـﺑ ﻲـﻓ ﻊﻠـﺴﻟاو ﻢﻬـﺳﻻا قاﻮـﺳأ ﺾﻌـﺑ نإ 9.4.2.4
ﺔﻤﻴـــﻗ زوﺎﺠﺘـــﺗ ﻻ ﺶـــﻣﺎـــﻫ تﺎﻌـــﻓد ﻦـــﻋ ﺔﻴـــﻟوﺆﺴﻤﻠـــﻟ يﺮﺘـــﺸﻤﻟا ضﺮﻌـــﻳ ﺎـــﻣ اﺬـــﻫو ،رﺎﻴﺨـــﻟا
.ﺔﻘﻔﺼـﻟا ﻒﻴـﻟﺎﻜـﺗو ﻂـﺴﻘﻟا ةرﺎﺴـﺧ ﺮﻄـﺨﻟ ﺔـﺿﺮـﻋ ﻞﻈـﻳ يﺮﺘـﺸﻤﻟا نﺈـﻓ ،ﻚـﻟذ ﻊـﻣو .ﻂـﺴﻘﻟا عﻮـﻓﺪـﻣ ﺮﻴـﻏ ﻂـﺴﻗ يأ ﻦـﻋ ﻻوﺆﺴـﻣ ﻪـﺋﺎﻬﺘـﻧا وأ رﺎﻴﺨـﻟا ﺔـﺳرﺎﻤـﻣ ﺪﻨـﻋ يﺮﺘـﺸﻤﻟا نﻮﻜـﻳ ﺎﻤـﻛ
ﺖﻗﻮﻟا ﻚﻟذ ﻲﻓ ﻖﺤﺘﺴﻣو
.ﺎﻬﺑ ﻆﻔﺘﺤﻳ ﻲﺘﻟا تارﺎﻴﺨﻟا ﺰﻛاﺮﻣ ﻻوﺆﺴﻣ نﻮﻜﻳ نأ ﻰﻠﻋ ﻖﻓاﻮﻳو ﻞﻴﻤﻌﻟا ﺮﻘﻳو 9.4.2.5
قﺎﻄــﻧ ﻦﻤــﺿ ةدﺪــﺴﻤﻟا ﺰــﻛاﺮﻤــﻟا” صﻮﺼﺨــﺑ ﺔﻴــﺋﺎﻘﻠــﺗ ﺔــﺳرﺎﻤــﻣ يأ ﺔــﻟﺎــﺣ ﻲــﻓو 9.4.2.6 رﺎﻴﺨــــﻟا عﻮــــﺿﻮــــﻣ ﺔﻴــــﻟﺎﻤــــﻟا قاروﻻا ﺔﻤﻴــــﻗ ﺔﻴﻄﻐــــﺗ ﺔﻴــــﻟوﺆﺴــــﻣ ﻞﻴﻤﻌــــﻟا ﻞﻤــــﺤﺘﻳ ،“ﺮﻌﺴــــﻟا ﺔﻴﻄﻐــﺗ ﻞﻴﻤﻌــﻟا ﻰﻠــﻋ ﺐﺠــﻳ ،“ةدﺪــﺴﻤﻟا ﻊﻴﺒــﻟا ﻖــﺣ تارﺎﻴــﺧ” ﺔــﻟﺎــﺣ ﻲــﻓو .ﻪــﻟ ﺔﺼﺼﺨﻤــﻟا
.رﻮﻔﻟا ﻰﻠﻋ ﻚﻟذ ﻦﻋ ﺔﺠﺗﺎﻨﻟا ﺔﻓﻮﺸﻜﻤﻟا ﺰﻛاﺮﻤﻟا
يأ لﺎﻔـﻗﺈـﺑ ﻖﻠﻄﻤـﻟا ﺎـﻫﺮـﻳﺪﻘـﺗ ﻰﻠـﻋ ءﺎﻨـﺑ مﻮﻘـﺗ نأ ﻲـﻓ ﺎﻬﻘﺤـﺑ ﺔـﻛﺮـﺸﻟا ﻆﻔﺘﺤـﺗو 9.4.2.7
ﻚﻟذ مﺰﻟ ﻰﺘﻣ ﺔﻴﻟﺎﻣ قاروأ وأ تارﺎﻴﺧ
دﻮﻘﻌﻟا طوﺮﺷو مﺎﻜﺣأ 9.4.3
وأ ﺔﻴﻠﺒﻘﺘــﺴﻤﻟا دﻮﻘﻌــﻟﺎــﺑ ﺔــﺻﺎﺨــﻟا طوﺮــﺸﻟاو مﺎﻜــﺣﻷﺎــﺑ ﺎــﻣﺎﻤــﺗ ﺎﻤﻠــﻣ ﻞﻴﻤﻌــﻟا ﻦﻜــﻳ ﻢــﻟ اذإ ﻲﺘـﻟا عﺎـﺿوﻷﺎـﻛ( ﺎﻬـﺑ ﺔﻄﺒـﺗﺮﻤـﻟا تﺎـﻣاﺰﺘـﻟﻻا ﻊﻴﻤـﺠﺑو ﺎﻬـﺑ ﻞـﻣﺎﻌﺘـﻳ ﻲﺘـﻟا ةدﺪـﺤﻤﻟا تارﺎﻴﺨـﻟا ﺪﻘﻌـــﻟا ﻰـــﻟإ ﺔﺒـــﺴﻨﻟﺎـــﺑ ﺔﻴﻨﻌﻤـــﻟا ةرادﻻا وأ ﺪﻘﻌـــﻟا ﻢﻴﻠـــﺴﺗ وأ مﻼﺘـــﺳﺎـــﺑ ً ﺎـــﻣﺰﻠـــﻣ ﺎﻬـــﺑ نﻮﻜـــﻳ ﻪﻴـﻓ ﻦﻜﻤـﻳ يﺬـﻟا ﺖـﻗﻮـﻟﺎـﺑ ﺔﻘﻠﻌﺘﻤـﻟا دﻮﻴﻘـﻟاو ءﺎﻬﺘـﻧﻻا ﺦـﻳراﻮـﺗو تارﺎﻴﺨـﻟا ﻰـﻟإو ﻲﻠﺒﻘﺘـﺴﻤﻟا حﺮـﺸﻟ ﺔـﻛﺮـﺸﻟا ﺮﻴـﻏ ﺺﺘﺨـﻣ ﺚـﻟﺎـﺛ فﺮـﻃ ﻦـﻣ ةرﻮﺸﻤـﻟا ﺐﻠﻄـﻳ نأ ﻪﻴﻠـﻋ نﺈـﻓ ،)رﺎﻴﺨـﻟا ﺔـﺳرﺎﻤـﻣ ﺎﻤـﺑ( ﺔﻤـﺋﺎﻘـﻟا دﻮﻘﻌـﻟا تﺎﻔـﺻاﻮـﻣ ﻞـﻳﺪﻌـﺗ ﺔﻨﻴﻌـﻣ تﻻﺎـﺣ ﻲـﻓ ﻦﻜﻤـﻳ ﻚـﻟﺬـﻛ .ﻞـﺋﺎﺴﻤـﻟا هﺬـﻫ أﺮﻄـﺗ ﻲﺘـﻟا تاﺮﻴﻐﺘـﻟا ﺲﻜﻌـﻳ ﺎﻤـﺑ ﺔـﺻﺎﻘﻤـﻟا ﺔـﻓﺮـﻏ وأ قﻮﺴـﻟا ﻦـﻣ )رﺎﻴﺨـﻟا ﺔـﺳرﺎﻤـﻣ ﺮﻌـﺳ ﺎﻬﻴـﻓ
.ﺔﻨﻴﻌﻤﻟا ةادﻻا وأ ﺪﻘﻌﻟا ﻰﻠﻋ
ﺮﻴﻌﺴﺘﻟاو لواﺪﺘﻟا ﻊﻨﻣ وأ ﻖﻴﻠﻌﺗ 9.4.4
ﺾﻌــﺑ ﺔﻤﻈــﻧﺄــﺑ ﺔﻘﻠﻌﺘﻤــﻟا تاءاﺮــﺟﻻا وأ )ﺔــﻟﻮﻴــﺴﻟا ﺮــﻓﻮــﺗ مﺪــﻋ: ﻼﺜــﻣ( قﻮﺴــﻟا فوﺮــﻇ نإ price ﺮﻴﻌﺴﺘــﻟا دوﺪــﺣ ﺐﺒــﺴﺑ يﺮــﻬﺷ ﺪﻘــﻋ وأ ﺪﻘــﻋ يأ ﻲــﻓ لواﺪﺘــﻟا ﻖﻴﻠﻌــﺗ( قاﻮــﺳﻻا ﻦــﻣ ﻞﻌﺠــﺗ ﺎــﻣﺪﻨــﻋ ةرﺎﺴﺨــﻟا ﺮﻄــﺧ ﻦــﻣ ﺪــﻳﺰــﺗ نأ ﻦﻜﻤــﻳ ( limits or circuit) breakers ﻞﻴﻤﻌــﻟا عﺎــﺑ اذإو .ﺰــﻛاﺮﻤــﻟا ﺔــﻟدﺎﻌــﻣ وأ ﺔﻴﻔﺼــﺗ وأ تﺎﻘﻔﺼــﻟا ﺬﻴﻔﻨــﺗ ﻞﻴﺤﺘــﺴﻤﻟا وأ ﺐﻌﺼــﻟا ﺪـﺟﻮـﺗ ﻻ ﺪـﻗ ،ﻚـﻟذ ﻰـﻟإ ﺔـﻓﺎـﺿﻻﺎـﺑ .ةرﺎﺴﺨـﻟا ﺮﻄـﺧ ةدﺎـﻳز ﻰـﻟإ ﻚـﻟذ يدﺆـﻳ ﺪـﻗ ،تارﺎﻴـﺧ دﻮﻘـﻋ وأ ﺪﻘﻌـﻟا ﻦﻴـﺑو ،ﻲﻠﺒﻘﺘـﺴﻤﻟا ﺪﻘﻌـﻟاو ﺔﻴﻨﻌﻤـﻟا ةادﻻا وأ ﺪﻘﻌـﻟا ﻦﻴـﺑ ﺔﻴﻌﻴﺒـﻃ ﺔـﻳﺮﻌـﺳ ﺔـﻗﻼـﻋ رﺎﻴﺨﻠـﻟ ﻲﻠﺒﻘﺘـﺴﻤﻟا ﺪﻘﻌـﻟا نﻮﻜـﻳ ﺎـﻣﺪﻨـﻋ ثﺪـﺤﻳ نأ ﻦﻜﻤـﻳ ﺎـﻣ اﺬـﻫو .رﺎﻴﺨـﻟاو ﺔﻴﻨﻌﻤـﻟا ةادﻻا نأ ﺎﻤــﻛ .رﺎﻴﺨــﻟا ﻰــﻟإ ﺔﺒــﺴﻨﻟﺎــﺑ دوﺪــﺤﻟا هﺬــﻫ ﻞﺜــﻣ ﺪــﺟﻮــﺗ ﻻ ﺎﻤﻨﻴــﺑ ﺮﻴــﺴﻌﺘﻟا دوﺪــﺤﻟ ً ﺎﻌــﺿﺎــﺧ
.“ﺔﻟدﺎﻌﻟا” ﺔﻤﻴﻘﻟا ﺮﻳﺪﻘﺗ ﺐﻌﺼﻟا ﻦﻣ ﻞﻌﺠﻳ ﺪﻗ ﻲﺳﺎﺳأ ﻲﻌﺟﺮﻣ ﺮﻌﺳ xxxx
9.4.5 Deposited Cash and Property
The Client should familiarise itself with the protection accorded to cash amounts or other property it deposits for domestic and foreign Transactions, particularly in the event of a company insolvency or bankruptcy. The extent to which the Client may recover its monies or properties may be subject to non-Saudi legislation or local rules, particularly the Laws and Regulations pertaining to protections accorded to the Client’s monies and property, and the laws pertaining to the segregation of assets and property. Risks which has been specifically identifiable as the Client’s own shall be pro-rated in the same manner as cash for purposes of distribution in an event of default.
9.5 Client Representations
In addition to the Client representations set forth in Clause 30, the Client acknowledges, understands and accepts that:
9.5.1 When purchasing an Option the Client will be subject to the risk of losing the entire purchase price of the Option )that is the premium paid for the Option plus all Transaction costs);
9.5.2 The Client should not purchase Options unless the Client is able to sustain a total loss of the premium and all Transaction costs incurred in purchasing such Option;
9.5.3 In order to realise any value from the Option, the Client will have to either offset or exercise the Option position. The Client should be aware that owing to market conditions, it may be difficult or impossible to offset an existing Option position on an exchange.
9.5.4 In selling a covered call Option, the Client will be subject to the full risk of a decline in price of the underlying position which will be reduced by the premium received in return for selling the call. In exchange for the premium received for selling the call, the Client will also be giving up the potential gains resulting from an increase in price of the underlying position above the Option strike price upon exercise or expiration of the Option.
9.5.5In selling a covered put, also known as cash-secured put writing, the Client will be subject to the full risk of a decline in price of the underlying interest, potentially to zero. In exchange for the premium for selling the put, the Client will bear a risk of loss equal to at least the decline )less the premium received( in value of the underlying interest below the Option strike price, upon exercise or expiration of the Option.
9.5.6 the Client does not satisfy, on a timely basis, the Company’s money or Security calls, the Company is authorised, at its sole discretion and without further notification to the Client, to take any and all steps it deems necessary to protect itself in connection with Option Transactions for Client’s account, including without limitation
1. the right to buy or sell )including short or short exempt( for Client’s account and liability any part or all of the shares represented by Options handled, purchased, sold, or endorsed by the Company for the Client’s account, or
2. to buy for the Client’s account and liability, as the Company may deem necessary or appropriate. The Client agrees to reimburse the Company for any and all expenses or losses incurred in connection with
ىﺮﺧﻷا تﺎﻜﻠﺘﻤﻤﻟاو ﺔﻳﺪﻘﻨﻟا ﻎﻟﺎﺒﻤﻟا عاﺪﻳإ 9.4.5
تﺎﻜﻠﺘﻤﻤـﻟا وأ ﺔـﻳﺪﻘﻨـﻟا ﻎـﻟﺎﺒﻤﻠـﻟ ﺔـﺣﻮﻨﻤﻤـﻟا ﺔـﻳﺎﻤـﺤﻟا ﻎـﻟﺎﺒﻤـﺑ ﺎـﻣﺎﻤـﺗ ﺎﻤﻠـﻣ نﻮﻜـﻳ نأ ﻞﻴﻤﻌـﻟا ﻰﻠـﻋ وأ ﺔـﻛﺮـﺸﻟا رﺎﺴـﻋإ ﺔـﻟﺎـﺣ ﻲـﻓ ً ﺎـﺻﻮﺼـﺧو ،ﺔﻴـﺟرﺎﺨـﻟاو ﺔﻴﻠـﺤﻤﻟا تﺎﻘﻔﺼـﻟا ضﺮﻐـﻟ ﺎﻬـﻋدﻮـﻳ ﻲﺘـﻟا ﺮﻴـﻏ ﺢـﺋاﻮـﻟ وأ ﺔﻤﻈـﻧﻻ ﻪـﺗﺎﻜﻠﺘﻤـﻣ وأ ﻪـﻟاﻮـﻣﻻ ﻞﻴﻤﻌـﻟا ةدﺎﻌﺘـﺳا ﺔﻴـﻧﺎﻜـﻣإ ﻊﻀﺨـﺗ ﺪـﻗو .ﺎﻬـﺳﻼـﻓإ ﺔـﻳﺎﻤـﺤﻟا تاءاﺮـﺟﺈـﺑ ﺔﻘﻠﻌﺘﻤـﻟا ﺢـﺋاﻮﻠـﻟاو ﺪـﻋاﻮﻘـﻟا ﺎﻤﻴـﺳ ﻻ ،ﺔﻴﻠـﺤﻣ ﺪـﻋاﻮـﻗ وأ ةدﺪـﺤﻣ ﺔـﻳدﻮﻌـﺳ ﻢﺘﻴـﺳو .ﺔﻴﻜﻠﻤـﻟاو لﻮـﺻﻻا ﻞﺼﻔـﺑ ﺔﻘﻠﻌﺘﻤـﻟا ﺔﻤﻈـﻧﻻاو ،ﻪﺘﻴﻜﻠـﻣو ﻞﻴﻤﻌـﻟا لاﻮـﻣﻻ ﺔـﺣﻮﻨﻤﻤـﻟا سﺎـﺳأ ﻰﻠـﻋ ﻞﻴﻤﻌـﻟا ﺺﺨـﺗ ﻲﺘـﻟا رﺎﻄـﺧﻻا ﺎﻬـﻧأ ﻰﻠـﻋ ﺔـﻗﺪـﺑ ﺎـﻫﺪـﻳﺪـﺤﺗ ﻦﻜﻤـﻳ ﻲﺘـﻟا رﺎﻄـﺧﻻا ﻊـﻳزﻮـﺗ ﺔــﻟﺎــﺣ ﻲــﻓ ﻊــﻳزﻮﺘــﻟا ضاﺮــﻏﻻ ﻚــﻟذو ،ﺔــﻳﺪﻘﻨــﻟا ﻎــﻟﺎﺒﻤﻠــﻟ ﺔــﻣﺪﺨﺘــﺴﻤﻟا ﺔــﻳﻮﺌﻤــﻟا ﺔﺒــﺴﻨﻟا ﺲﻔــﻧ
.رﺎﺴﻋﻻا
ﻞﻴﻤﻌﻟا تاراﺮﻗإ 9.5
كرﺪـــﻳو ﻞﻴﻤﻌـــﻟا ﺮﻘـــﻳ (30) ةﺮﻘﻔـــﻟا ﻲـــﻓ ﺎﻬﻴﻠـــﻋ صﻮﺼﻨﻤـــﻟا ﻞﻴﻤﻌـــﻟا تاراﺮـــﻗإ ﻰـــﻟإ ﺔـــﻓﺎـــﺿﻹﺎـــﺑ
:ﻲﻠﻳ ﺎﻣ ﻰﻠﻋ ﻖﻓاﻮﻳو
ﻮـﻫو( ﻼً ـﻣﺎـﻛ رﺎﻴﺨـﻟا ءاﺮـﺷ ﺮﻌـﺳ ةرﺎﺴـﺧ ﺮﻄـﺨﻟ ﺔـﺿﺮـﻋ ﻞﻴﻤﻌـﻟا نﻮﻜـﻳ ،رﺎﻴـﺧ ﺪﻘـﻋ ءاﺮـﺷ ﺪﻨـﻋ 9.5.1
.ﺔﻘﻔﺼﻟا ﻊﻴﻤﺟ ﻒﻴﻟﺎﻜﺗ ﻰﻟإ ﺔﻓﺎﺿإ رﺎﻴﺨﻟا ﻞﺑﺎﻘﻣ عﻮﻓﺪﻤﻟا ﻂﺴﻘﻟا
ﻞـﻣﺎـﻛ ةرﺎﺴـﺧ ﻞﻤـﺤﺗ ﻰﻠـﻋ اردﺎـﻗ ﻦﻜـﻳ ﻢـﻟﺎـﻣ رﺎﻴـﺧ دﻮﻘـﻋ يﺮﺘـﺸﻳ ﻻأ ﻞﻴﻤﻌـﻟا ﻰﻠـﻋ ﺐﺠـﻳ 9.5.2
.رﺎﻴﺨﻟا اﺬﻫ ءاﺮﺸﻟ ﺎﻫﺪﺒﻜﺗ ﻢﺘﻳ ﻲﺘﻟا ﺔﻘﻔﺼﻟا ﻒﻴﻟﺎﻜﺗ ﻊﻴﻤﺟو ﻂﺴﻘﻟا
.ﻪــﺳرﺎﻤــﻳ وأ رﺎﻴﺨــﻟا لﺪﺒﺘــﺴﻳ نأ ﺎــﻣإ ﻞﻴﻤﻌــﻟا ﻰﻠــﻋ ﻦﻴﻌﺘــﻳ رﺎﻴﺨــﻟا ﻦــﻣ ﺔﻤﻴــﻗ ﺔــﻳأ ﻖﻴﻘﺤــﺗ 9.5.3
ﻞﻴﺤﺘــﺴﻤﻟا وأ ﺐﻌﺼــﻟا ﻦــﻣ نﻮﻜــﻳ ﺎﻤــﺑر ،قﻮﺴــﻟا فوﺮﻈــﻟ ً اﺮﻈــﻧ ﻪــﻧﺄــﺑ ﻢﻠﻌــﻳ نأ ﻞﻴﻤﻌــﻟا ﻰﻠــﻋو
.قﻮﺴﻟا ﻲﻓ ﻢﺋﺎﻗ رﺎﻴﺧ ﺰﻛﺮﻣ لاﺪﺒﺘﺳا
ضﺎﻔﺨـﻧا ﻲـﻓ ﻞﺜﻤﺘـﻳ ﻞـﻣﺎـﻛ ﺮﻄـﺨﻟ ﺔـﺿﺮـﻋ ﻞﻴﻤﻌـﻟا نﻮﻜـﻳ ،ﻰﻄﻐـﻣ ءاﺮـﺷ رﺎﻴـﺧ ﻊﻴـﺑ ﺪﻨـﻋ 9.5.4 ﻞــﺑﺎﻘــﻣ ﻲــﻓو .رﺎﻴﺨــﻟا ﻊﻴــﺑ ءﺎﻘــﻟ ضﻮﺒﻘﻤــﻟا ﻂــﺴﻘﻟا ﻪﻨــﻣ ﺪــﺤﻳ يﺬــﻟاو ﻲﻨﻌﻤــﻟا ﺰــﻛﺮﻤــﻟا ﺮﻌــﺳ ﻦــﻋ ﺔﻤــﺟﺎﻨــﻟا ﺔﻠﻤﺘﺤﻤــﻟا حﺎــﺑرﻻا ﻦــﻋ ً ﺎﻀــﻳأ ﻞﻴﻤﻌــﻟا ﻰﻠــﺨﺘﻳ ،رﺎﻴﺨــﻟا ﻊﻴــﺑ ﻦــﻋ ضﻮﺒﻘﻤــﻟا ﻂــﺴﻘﻟا وأ رﺎﻴﺨــﻟا ﺔــﺳرﺎﻤــﻣ ﺪﻨــﻋ رﺎﻴﺨــﻟا ﺬﻴﻔﻨــﺗ ﺮﻌــﺳ ﻦــﻋ هﻼــﻋأ رﻮــﻛﺬﻤــﻟا ﻲﻨﻌﻤــﻟا ﺰــﻛﺮﻤــﻟا ﺮﻌــﺳ عﺎﻔــﺗرا
.ﻪﺋﺎﻬﺘﻧا
نﻮﻜـﻳ ،اﺪﻘـﻧ نﻮﻤﻀـﻣ ﻊﻴـﺑ رﺎﻴـﺧ ﺮـﻳﺮـﺤﺘﺑ ﺎﻀـﻳأ فﺮﻌـﻳ ﺎـﻣ ﻮـﻫو ،ﻰﻄﻐـﻣ ﻊﻴـﺑ رﺎﻴـﺧ ﻊﻴـﺑ ﺪﻨـﻋ 9.5.5 ﻲـﻓو .ﺮﻔﺼـﻟا ﺎﻤـﺑر ﻰـﻟإ ،ﺔﻴﻨﻤﻀـﻟا ةﺪـﺋﺎﻔـﻟا ﺮﻌـﺳ طﻮﺒـﻫ ﻲـﻓ ﻞﺜﻤﺘـﻳ ﻞـﻣﺎـﻛ ﺮﻄـﺨﻟ ﺔـﺿﺮـﻋ ﻞﻴﻤﻌـﻟا ﺔﻤﻴــﻗ لدﺎﻌــﺗ ةرﺎﺴــﺧ ﺮﻄــﺧ ً ﺎﻀــﻳأ ﻞﻴﻤﻌــﻟا ﻞﻤــﺤﺘﻳ ،ﻊﻴﺒــﻟا رﺎﻴــﺧ ﻊﻴﺒــﻟ عﻮــﻓﺪﻤــﻟا ﻂــﺴﻘﻟا ﻞــﺑﺎﻘــﻣ نود ﺎﻤـﻟ ﺔﻴﻨﻤﻀـﻟا ةﺪـﺋﺎﻔـﻟا ﺔﻤﻴـﻗ ﻲـﻓ )ضﻮﺒﻘﻤـﻟا ﻂـﺴﻘﻟا ﻪﻨـﻣ ﺎﺼـﻗﺎـﻧ( ﻞـﻗﻻا ﻰﻠـﻋ طﻮﺒـﻬﻟا
.ﻪﺋﺎﻬﺘﻧا وأ رﺎﻴﺨﻟا ﺔﺳرﺎﻤﻣ ﺪﻨﻋ رﺎﻴﺨﻟا ﺬﻴﻔﻨﺗ ﺮﻌﺳ
نﺎﻤﻀــﻟا وأ ﺔــﻳﺪﻘﻨــﻟا ﺔﻴﻄﻐﺘــﻟا ﻲــﻓﻮﺘــﺴﻳو ﺔــﻛﺮــﺸﻟا تﺎﺒﻠﻄــﻟ ﻞﻴﻤﻌــﻟا ﺐﺠﺘــﺴﻳ ﻢــﻟ اذا 9.5.6 ﺮـﺧآ رﺎﻌـﺷإ نوﺪـﺑو ،ﺎـﻫﺮـﻳﺪﻘـﺗ ﺐـﺴﺤﺑو ﺔـﻛﺮـﺸﻠﻟ xxxx xxxxxx ،ﺐـﺳﺎﻨﻤـﻟا ﺖـﻗﻮـﻟا ﻲـﻓ بﻮﻠﻄﻤـﻟا ﻲﺘـﻟا رﺎﻴﺨـﻟا تﺎﻘﻔﺼـﺑ ﻖﻠﻌﺘـﻳ ﺎﻤﻴـﻓ ﺎﻬﺴﻔـﻧ ﺔـﻳﺎﻤـﺤﻟ ﺔـﻳروﺮـﺿ ﺎـﻫاﺮـﺗ تاءاﺮـﺟإ ﺔـﻳأ ﺬـﺨﺘﺗ نأ ،ﻞﻴﻤﻌﻠـﻟ
،ﺮﺼﺤﻟا ﻻ لﺎﺜﻤﻟا ﻞﻴﺒﺳ ﻰﻠﻋ ،ﻚﻟذ ﻲﻓ ﺎﻤﺑ ،ﻞﻴﻤﻌﻟا بﺎﺴﺤﻟ ﻢﺘﺗ
تﺎــﻓﻮﺸﻜــﻟا ءﺎﻔــﻋإ وأ تﺎــﻓﻮﺸﻜــﻟا ﻰﻠــﻋ ﻊﻴﺒــﻟا ﻚــﻟذ ﺎﻤــﺑ( ﻊﻴﺒــﺗ وأ يﺮﺘــﺸﺗ نأ ﻲــﻓ ﻖﺤــﻟا (1 تارﺎﻴﺨـــﻟا ﻲـــﻓ ﺔﻠﺜﻤﻤـــﻟا ﻢﻬـــﺳﻻا ﻊﻴﻤـــﺟ وأ ﻦـــﻣ ً اءﺰـــﺟ ،ﻪﺘﻴـــﻟوﺆﺴـــﻣ ﻰﻠـــﻋو ﻞﻴﻤﻌـــﻟا بﺎﺴﺤـــﻟ وأ ،ﻞﻴﻤﻌﻟا بﺎﺴﺤﻟ ﺔﻛﺮﺸﻟا ﻞﺒﻗ ﻦﻣ ةﺮﻬﻈﻤﻟا وأ ،ﺔﻋﺎﺒﻤﻟا وأ ةاﺮﺘﺸﻤﻟا وأ ﻞﻣﺎﻌﺘﻟﺎﺑ ﺔﻴﻨﻌﻤﻟا
ﺎﺒـﺳﺎﻨـﻣ وا ﺎـﻳروﺮـﺿ ﺔـﻛﺮـﺸﻟا هاﺮـﺗ ﺎﻤﺒـﺴﺣو ،ﻪﺘﻴـﻟوﺆﺴـﻣ ﻰﻠـﻋو ﻞﻴﻤﻌـﻟا بﺎﺴﺤـﻟ يﺮﺘـﺸﺗ نأ (2
مﺎﻴﻘﻠﻟ ﺎﻫﺪﺒﻜﺘﺗ ﻲﺘﻟا ﺮﺋﺎﺴﺨﻟا وأ ﻒﻳرﺎﺼﻤﻟا ﻊﻴﻤﺟ ﻦﻋ ﺔﻛﺮﺸﻟا ﺾﻳﻮﻌﺗ ﻰﻠﻋ ﻞﻴﻤﻌﻟا ﻖﻓاﻮﻳو
.تاءاﺮﺟﻻا هﺬﻬﺑ
9.5.7 The Client alone bears full responsibility for taking action to exercise an Option Contract; provided, however, that with respect to certain expiring Options, the Company is authorised to permit exercise by exception to take place automatically pursuant to the rules of the Options Clearing Corporation as in effect from time to time unless the Client specifically advises the Company to the contrary in writing. This procedure affects Options that are in the money by a predetermined amount, as set forth in the rules of the Options Clearing Corporation.
9.5.8 The OCC assigns exercise notices on a random basis, except that with respect to Options on certain debt instruments )Treasury Bonds, Treasury Notes, Treasury Bills, and GNMAs(. OCC may preferentially assign exercise notices of block-size )e.g., covering $1,000,000.00 or more of underlying Securities( to block-size writing positions, and OCC may preferentially assign smaller exercise notices to smaller writing positions.
10.Set-off and Settlement Proceedings
The Client authorises the Company to settle all Transactions and automatically debit the Client’s Investment Account for all fees and expenses resulting from Transactions executed on behalf of the Client or for its account, including all amounts required by the Company to purchase Securities, account fees, fund transfer fees, Transaction fees and brokerage fees. The authorisation shall also include the payment of all expenses, taxes, fees and other financial burdens resulting from the completion of any Buy or Sell Instructions issued by the Client to the Company.
11.Actions Permitted Without Instructions
Unless and until the Company receives an Instruction to the contrary, the Company shall be entitled )but not obliged( to
sell )provided that there shall be a relevant market therefore( all subscription and other rights issued with respect to the Securities held on behalf of the Client and with respect to which it has not received an Instruction within a reasonable time prior to the expiration of such rights.
12.Lending of Securities
The Company is not authorised to lend Securities allocated to the Client to any third party.
13.Custody Services
13.1 The Client acknowledges and agrees that the Company, acting as custodian, will keep the local Securities of the Client, which are subject to the relevant terms for custody in deposit centres in the Kingdom of Saudi Arabia, in an account by the name of the Client at a depository center, in accordance with the Laws and Regulations and other regulatory requirements issued by the CMA.
13.2 The Client acknowledges and agrees that the Company may register Securities which are not subject to the relevant terms for custody in deposit centres in the Kingdom of Saudi Arabia in the name of its Client, in its own name or in the name of its nominees or the nominees of any securities depository in which the Client’s Securities may be held, in favour of the Client and on its account. The Company or its nominee may sign on behalf of the Client in order to transfer Securities or certify the ownership of the Securities to tax or other governmental authorities.
ﺪﻘـﻋ ﺔـﺳرﺎﻤﻤـﻟ مزﻼـﻟا ءاﺮـﺟﻻا ذﺎﺨـﺗا ﻦـﻋ ﺔﻴـﻟوﺆﺴﻤـﻟا ﻞـﻣﺎـﻛ هﺪـﺣو ﻞﻴﻤﻌـﻟا ﻞﻤـﺤﺘﻳ 9.5.7
نأ ﺔﻄﻳﺮﺷ ؛رﺎﻴﺨﻟا ﺔـﺳرﺎﻤﻤـﻟا ﺬﻴﻔﻨﺘـﺑ حﺎﻤﺴـﻟﺎـﺑ ﺔـﺿﻮﻔـﻣ ،ﺔﻴﻨﻌـﻣ ﺔﻴـﻬﺘﻨﻣ تارﺎﻴﺨـﺑ ﻖﻠﻌﺘـﻳ ﺎﻤﻴـﻓ ،ﺔـﻛﺮـﺸﻟا نﻮﻜـﺗ ﺔـﻳرﺎﺴـﻟا OCC )) تارﺎﻴﺨـﻟا دﻮﻘـﻋ ﺔـﻳﻮﺴـﺗ ﺔﺴـﺳﺆـﻣ ﺪـﻋاﻮﻘـﻟ ﺎﻘـﻓو ً ﺎﻴـﺋﺎﻘﻠـﺗ ﻲـﺋﺎﻨﺜﺘـﺳا ﻞﻜﺸـﺑ ﻞﻜﺸـﺑو ً ﺎﻴﻄـﺧ ﻚـﻟذ فﻼﺨـﺑ ﺔـﻛﺮـﺸﻟا رﺎﻌـﺷﺈـﺑ ﻞﻴﻤﻌـﻟا ﻢﻘـﻳ ﻢـﻟﺎـﻣ ،ﺮـﺧﻻ ﺖـﻗو ﻦـﻣ لﻮﻌﻔﻤـﻟا ﻲـﻓ ﺢـﺿﻮـﻣ ﻮـﻫ ﺎﻤـﻛ ، ﺎﻘﺒـﺴﻣ دﺪـﺤﻣ ﻎﻠﺒﻤـﺑ ﺔﺤـﺑاﺮـﻟا تارﺎﻴﺨـﻟا ﻰﻠـﻋ ﺮـﺛﺆـﻳ ءاﺮـﺟإ اﺬـﻫو .دﺪـﺤﻣ
تارﺎﻴﺨﻟا دﻮﻘﻋ ﺔﻳﻮﺴﺗ ﺔﺴﺳﺆﻣ ﺪﻋاﻮﻗ
،ﻞـﺟﻻا ﺔﻠـﻳﻮﻄـﻟا ﺔﻨـﻳﺰـﺨﻟا تاﺪﻨـﺳ( ﺔﻨﻴﻌـﻣ ﻦـﻳد تاودﺄـﺑ ﺔﻄﺒـﺗﺮﻤـﻟا تارﺎﻴﺨـﻟا اﺪـﻋ ﺎﻤﻴـﻓ 9.5.8 ﺔـﻧﻮﻤﻀﻤـﻟا ﺔـﻳرﺎﻘﻌـﻟا تﺎـﻧﻮـﻫﺮـﻟا تاﺪﻨـﺳ ،ﺔﻨـﻳﺰـﺨﻟا ﺮﻴـﺗاﻮـﻓ ،ﻞـﺟﻻا ةﺮﻴﺼﻘـﻟا ﺔﻨـﻳﺰـﺨﻟا تاﺪﻨـﺳ ﻰﻠـﻋ ﺬﻴﻔﻨﺘـﻟا تارﺎﻌـﺷإ تارﺎﻴﺨـﻟا دﻮﻘـﻋ ﺔـﻳﻮﺴـﺗ ﺔﺴـﺳﺆـﻣ ﺺﺼﺨـﺗ GNMAs)) ﺔـﻟوﺪـﻟا ﻦـﻣ تارﺎﻌــﺷإ ﻲﻠﻴﻀﻔــﺗ سﺎــﺳأ ﻰﻠــﻋ ً ﺎﻀــﻳأ ﺔﺴــﺳﺆﻤــﻟا هﺬــﻫ ﺺﺼﺨــﺗ ﺪــﻗو .ﻲــﺋاﻮﺸــﻋ سﺎــﺳأ قاروﻻا ﻦـﻣ ﺮﺜـﻛأ وأ ﻲﻜـﻳﺮـﻣأ رﻻود1.000.000 ﻲﻄﻐـﺗ ﻲﺘـﻟا يأ( ىﺮﺒﻜـﻟا تﺎﻘﻔﺼﻠـﻟ ﺬﻴﻔﻨـﺗ ﻰﻠـﻋ ً ﺎﻀـﻳأ ﺺﺼﺨـﺗ نأ ﻦﻜﻤـﻳو ،ىﺮﺒـﻛ رﺎﻴـﺧ دﻮﻘـﻋ ﺮـﻳﺮـﺤﺗ ﺰـﻛاﺮـﻣ ﻰـﻟإ )رﺎﻴﺨـﻟﺎـﺑ ﺔﻴﻨﻌﻤـﻟا ﺔﻴـﻟﺎﻤـﻟا ﺎﻤﺠﺣ ﺮﻐﺻأ رﺎﻴﺧ دﻮﻘﻋ ﺮﻳﺮﺤﺗ ﺰﻛاﺮﻤﻟ ﺮﻐﺻأ ﺬﻴﻔﻨﺗ تارﺎﻌﺷإ ﻲﻠﻴﻀﻔﺗ سﺎﺳأ
ﺔﻳﻮﺴﺘﻟا تاءاﺮṣإو ﺔﺻﺎﻘﻤﻟا.10
ﻊﻴﻤـﺠﻟ يرﺎﻤﺜﺘـﺳﻻا بﺎﺴﺤـﻟا ﻦـﻣ ﻲـﺋﺎﻘﻠـﺗ داﺪـﺴﻟاو ﺔـﻳﻮﺴﺘـﻟا ءاﺮـﺟﺈـﺑ ﺔـﻛﺮـﺸﻟا ﻞﻴﻤﻌـﻟا ضﻮﻔـﻳ
ً ﻼـﻣﺎـﺷ ،ﻪـﺑﺎﺴﺤـﻟ وأ ﻞﻴﻤﻌـﻟا ﺢـﻟﺎﺼـﻟ ﻢﺘـﺗ ﻲﺘـﻟا تﺎﻘﻔﺼـﻟا ﻦـﻋ ﺔﺠـﺗﺎﻨـﻟا مﻮـﺳﺮـﻟاو ﻒﻴـﻟﺎﻜﺘـﻟا مﻮــﺳرو بﺎﺴﺤــﻟا مﻮــﺳرو ﺔﻴــﻟﺎﻤــﻟا قاروﻻا ءاﺮــﺸﻟ ﺔــﻛﺮــﺸﻟا ﻦــﻣ ﺔــﺑﻮﻠﻄﻤــﻟا ﻎــﻟﺎﺒﻤــﻟا ﻚــﻟذ ﻒـﻳرﺎﺼﻤـﻟا ﻊﻴﻤـﺟ ﺪـﻳﺪـﺴﺗ ﻚـﻟذ ﻞﻤﺸـﻳ ﺎﻤـﻛ .ﺔـﻃﺎـﺳﻮـﻟاو تﺎﻴﻠﻤﻌـﻟا مﻮـﺳرو لاﻮـﻣﻻا ﻞـﻳﻮﺤـﺗ ﺎﻘـﻓو ءاﺮـﺷ وأ ﻊﻴـﺑ ﺔﻴﻠﻤـﻋ مﺎﻤـﺗإ ﻦـﻋ ﺔﻤـﺟﺎﻨـﻟا ىﺮـﺧﻻا ﺔﻴـﻟﺎﻤـﻟا ءﺎﺒـﻋﻻاو مﻮـﺳﺮـﻟاو ﺐـﺋاﺮﻀـﻟاو
.ﺔﻛﺮﺸﻟا ﻰﻟإ ﻞﻴﻤﻌﻟا ﺎﻬﻬﺟﻮﻳ ﻲﺘﻟا تﺎﻤﻴﻠﻌﺘﻠﻟ
تﺎﻤﻴﻠﻌﺗ نوﺪﺑ ةزﺎﺠﻤﻟا تاءاﺮṣﻻا.11
ﻦﻜــﻟو( ﺔــﻛﺮــﺸﻠﻟ ﻖﺤــﻳ ،ﺎﻬــﻣﻼﺘــﺳا ﻦﻴﺤــﻟو ،ﻚــﻟذ فﻼﺨــﺑ تﺎﻤﻴﻠﻌــﺗ ﺔــﻛﺮــﺸﻟا ﻢﻠﺘــﺴﺗ ﻢــﻟ اذإ xxxxxx ﻊﻴﻤــﺟ )ﻚــﻟﺬــﻟ ﺔﺒــﺳﺎﻨــﻣ قﻮــﺳ كﺎﻨــﻫ نﻮﻜــﻳ نأ طﺮــﺷ( ﻊﻴﺒــﺗ نأ )ﺎﻬﻴﻠــﻋ ً ﺎــﻣاﺰــﻟ ﺲﻴــﻟ ﻞﻴﻤﻌـﻟا ﻢـﺳﺎـﺑ ﺔـﻇﻮﻔﺤﻤـﻟا ﺔﻴـﻟﺎﻤـﻟا قاروﻻا صﻮﺼﺨـﺑ ةردﺎﺼـﻟا ىﺮـﺧﻻا قﻮﻘﺤـﻟاو بﺎﺘﺘـﻛﻻا
.قﻮﻘﺤﻟا ﻚﻠﺗ ءﺎﻀﻘﻧا ﻞﺒﻗ لﻮﻘﻌﻣ ﺖﻗو لﻼﺧ تﺎﻤﻴﻠﻌﺗ ﺎﻬﻧﺄﺸﺑ ﻢﻠﺘﺴﺗ ﻢﻟ ﻲﺘﻟاو
ﺔﻴﻟﺎﻤﻟا قاروﻻا ضاﺮﻗإ.12
.ﺮﺧآ فﺮﻃ يأ ﻰﻟإ ﻞﻴﻤﻌﻠﻟ ﺔﺼﺼﺨﻤﻟا ﺔﻴﻟﺎﻤﻟا قاروﻻا ضاﺮﻗإ ﺔﻛﺮﺸﻠﻟ زﻮﺠﻳ ﻻ
ﻆﻔﺤﻟا تﺎﻣﺪﺧ.13
ﻆﻔﺘﺤـــﺗ فﻮـــﺳ ،ﻆﻔﺤـــﻟا ﻦﻴـــﻣأ ﺎﻬﺘﻔﺼـــﺑ ،ﺔـــﻛﺮـــﺸﻟا نأ ﻰﻠـــﻋ ﻖـــﻓاﻮـــﻳو ﻞﻴﻤﻌـــﻟا ﺮﻘـــﻳ 13.1 ﺰـﻛﺮـﻣ ﻲـﻓ ﻆﻔﺤـﻟا طوﺮـﺷ ﺎﻬﻴﻠـﻋ ﻖﺒﻄﻨـﺗ ﻲﺘـﻟاو ﻞﻴﻤﻌﻠـﻟ ﺔـﺻﺎﺨـﻟا ﺔﻴﻠـﺤﻤﻟا ﺔﻴـﻟﺎﻤـﻟا قاروﻷﺎـﺑ ﻚـﻟذو ،عاﺪـﻳﻻا ﺰـﻛﺮـﻣ ىﺪـﻟ ﻞﻴﻤﻌـﻟا ﻢـﺳﺎـﺑ بﺎﺴـﺣ ﻲـﻓ ﺔـﻳدﻮﻌﺴـﻟا ﺔﻴـﺑﺮﻌـﻟا ﺔﻜﻠﻤﻤـﻟﺎـﺑ عاﺪـﻳﻻا ﺔﻴــﻟﺎﻤــﻟا قﻮﺴــﻟا ﺔﺌﻴــﻫ ﻦــﻋ ةردﺎﺼــﻟا ﺔﻴــﻣﺎﻈﻨــﻟا تﺎﺒﻠﻄﺘﻤــﻟاو ﺢــﺋاﻮﻠــﻟاو ﺔﻤﻈــﻧﻻا ﺐــﺴﺣ
.ﺔﻳدﻮﻌﺴﻟا
ﻻ ﻲــﺘﻟا ﺔــﻴﻟﺎــﻤﻟا قاروﻻا ﻞﻴﺠﺴــﺘﺑ مﻮﻘــﺘﺳ ــﺔﻛــﺮﺸﻟا نأ ﻰــﻠﻋ ــﻖﻓاــﻮﻳو ﻞﻴﻤــﻌﻟا ﺮــﻘﻳ 13.2 ﻞﻴﻤﻌـﻟا ﻢـﺳﺎـﺑ ﺔـﻳدﻮﻌﺴـﻟا ﺔﻴـﺑﺮﻌـﻟا ﺔﻜﻠﻤﻤـﻟﺎـﺑ عاﺪـﻳﻻا ﺰـﻛﺮـﻣ ﻲـﻓ ﻆﻔﺤـﻟا طوﺮـﺷ ﺎﻬﻴﻠـﻋ ﻖﺒﻄﻨـﺗ ﻲﺘـﻟا ﺔﻴـﻟﺎﻤـﻟا قاروﻻا عاﺪـﻳإ ﺰـﻛاﺮـﻣ ﻦـﻣ يأ ﻢﻬﻨﻴﻌـﻳ ﻦـﻣ وأ ﻢﻬﻨﻴﻌـﺗ ﻦـﻣ ﻢـﺳﺎـﺑ وأ ﺎﻬﻤـﺳﺎـﺑ وأ
،ﺔـﻛﺮـﺸﻠﻟ زﻮﺠـﻳو .ﻪـﺑﺎﺴـﺣ ﻰﻠـﻋو ﻞﻴﻤﻌـﻟا ﺢـﻟﺎﺼـﻟ ﻞﻴﻤﻌﻠـﻟ ةﺪـﺋﺎﻌـﻟا ﺔﻴـﻟﺎﻤـﻟا قاروﻻا ﺎﻬﻴـﻓ عدﻮـﺗ ﺎﻬﺘﻴﻜﻠــﻣ تﺎﺒــﺛإ وأ ﺔﻴــﻟﺎﻤــﻟا قاروﻻا ﻞــﻳﻮﺤﺘــﻟ ﻞﻴﻤﻌــﻟا ﻦــﻋ ﺔــﺑﺎﻴــﻧ ﻊﻴــﻗﻮﺘــﻟا ﻢﻬﻨﻴﻌــﺗ ﻦــﻣ وأ
.ىﺮﺧأ ﺔﻴﻣﻮﻜﺣ ﺔﻬﺟ يﻷ وأ ﺔﻴﺒﻳﺮﻀﻟا تﺎﻄﻠﺴﻠﻟ
13.3 With respect to the custody of non-Saudi Securities, the Company shall appoint a foreign custodian )the ”External Custodian“( to provide custody services to the Client. The Client agrees that if the concerned Security has been purchased outside the Saudi exchange market, the ownership of such Security may be recorded in the name of the Company or the External Custodian, or according to the requirements of the relevant exchange market.
13.4 Where the Client’s Securities are to be held with a custodian or External Custodian, the Company will enter into a written agreement with that custodian for the provision of suitable Services, in accordance with the applicable Laws and Regulations or any other regulatory requirements which may be applicable from time to time.
13.5 The Company in its capacity as custodian shall be responsible, based on the Services that it provides to the Client, for the following:
1) acting as the Client’s agent in claiming and receiving any dividends, interest or any other payments and taking up any rights accruing to the Client; and
2) exercising any conversion or subscription rights based on written Instructions from the Client, through any means of communication acceptable by the Company, provided that such Instructions will be valid and complete.
The only obligation of the Company shall consist of exerting all reasonable efforts in discharging the responsibilities set forth in paragraph 13.4 above, in accordance with the legal requirements of the relevant market.
13.6 The Client acknowledges and agrees that in the event of the custodian’s default, it may have to participate pro rata in any irreconcilable shortfall which may occur.
13.7 The Client acknowledges that keeping the Client’s Securities at an External Custodian could consequentially cause any settlement claims, legal and regulatory requirements in the relevant jurisdiction, which may differ from those which apply in the Kingdom of Saudi Arabia, in particular in relation to the segregation of client assets.
ﻦﻴـﻣأ ﻦﻴﻴﻌﺘـﺑ ﺔـﻛﺮـﺸﻟا مﻮﻘﺘـﺳ ،ﺔـﻳدﻮﻌﺴـﻟا ﺮﻴـﻏ ﺔﻴـﻟﺎﻤـﻟا قاروﻻا ﻆﻔﺤـﺑ ﻖﻠﻌﺘـﻳ ﺎﻤﻴـﻓ 13.3 ﻖــﻓاﻮــﻳ ﻪﻴﻠــﻋو ،ﻞﻴﻤﻌﻠــﻟ ﻆﻔﺤــﻟا تﺎــﻣﺪــﺧ ﻢــﻳﺪﻘﺘــﻟ )“ﻲــﺟرﺎــﺧ ﻆﻔــﺣ ﻦﻴــﻣأ”( ﻲﺒﻨــﺟأ ﻆﻔــﺣ قﻮــﺳ ﻲــﻓ ﺎــﻫؤاﺮــﺷ ﻢــﺗ ﺔﻴــﻟﺎــﻣ ﺔــﻗرو ﺔﻴﻨﻌﻤــﻟا ﺔﻴــﻟﺎﻤــﻟا ﺔــﻗرﻮــﻟا ﺖــﻧﺎــﻛ اذإ ﻪــﻧأ ﻰﻠــﻋ ﻞﻴﻤﻌــﻟا وأ ﺔــﻛﺮــﺸﻟا ﻢــﺳﺎــﺑ ﺎﻬﺘﻴﻜﻠــﻣ ﻞــﺠﺴﺗ نأ xxxxxx xxxxxxxx ،ﺔــﻳدﻮﻌﺴــﻟا ﺔﻴــﻟﺎﻤــﻟا قﻮﺴــﻟا ﺮﻴــﻏ ﺔﻴــﻟﺎــﻣ ﺔﻗﻼﻌﻟا تاذ ﺔﻴﻟﺎﻤﻟا قﻮﺴﻟا تﺎﺒﻠﻄﺘﻣ ﺐﺴﺣ وأ ،ﻲﺟرﺎﺨﻟا ﻆﻔﺤﻟا ﻦﻴﻣأ ﻢﺳﺎﺑ
ﻆﻔـﺣ ﻦﻴـﻣأ وأ ﻆﻔـﺣ ﻦﻴـﻣأ ىﺪـﻟ ﻞﻴﻤﻌـﻟﺎـﺑ ﺔـﺻﺎﺨـﻟا ﺔﻴـﻟﺎﻤـﻟا قاروﻻا ﻆﻔـﺣ xxxxx ﺎﻤﻨﻴـﺣ 13.4 ﻢــﻳﺪﻘــﺗ طوﺮــﺷ ﻰﻠــﻋ ﻆﻔﺤــﻟا ﻦﻴــﻣأ ﻊــﻣ ﺎﻴــﺑﺎﺘــﻛ قﺎﻔــﺗﻻﺎــﺑ ﺔــﻛﺮــﺸﻟا مﻮﻘــﺗ فﻮــﺳ ،ﻲــﺟرﺎــﺧ ﺪــﻗ ىﺮــﺧأ ﺔﻴــﻣﺎﻈــﻧ تﺎﺒﻠﻄﺘــﻣ ﺔــﻳأو ﺢــﺋاﻮﻠــﻟاو ﺔﻤﻈــﻧﻸــﻟ ﺎﻘــﻓو ﻚــﻟذو ﺔﺒــﺳﺎﻨﻤــﻟا تﺎــﻣﺪــﺨﻟا
.ﺮﺧﻷ ﺖﻗو ﻦﻣ ﻖﺒﻄﻨﺗ
ﻰﻠــﻋ ءﺎﻨــﺑ ﻚــﻟذو ،ﺔﻴــﻟﺎﺘــﻟا تﺎﻴــﻟوﺆﺴﻤــﻟا ﻆﻔﺤــﻟا ﻦﻴــﻣأ ﺎﻬﺘﻔﺼــﺑ ﺔــﻛﺮــﺸﻟا ﻰﻠــﻋ ﻊﻘــﺗ 13.5
:ﻞﻴﻤﻌﻠﻟ ﺎﻬﻣﺪﻘﺗ ﻲﺘﻟا تﺎﻣﺪﺨﻟا
ىﺮــﺧأ تﺎــﻋﻮــﻓﺪــﻣ ﺔــﻳأ وأ ﺪــﺋاﻮــﻓ وأ حﺎــﺑرأ ﺔــﻳﺄــﺑ ﺔﺒــﻟﺎﻄﻤــﻟا ﻲــﻓ ﻞﻴﻤﻌﻠــﻟ xxxxxxxxx ﻞﻤﻌــﻟا (1
.ﻞﻴﻤﻌﻠﻟ ﻖﺤﺘﺴﺗ xxxx xxxx ﺪﺋاﻮﻔﻟاو حﺎﺑرﻻا ﻚﻠﺗ مﻼﺘﺳاو
ﻦــﻣ ةردﺎﺼــﻟا ﺔﻴــﺑﺎﺘﻜــﻟا تﺎﻤﻴﻠﻌﺘــﻟا ﻰﻠــﻋ ءﺎﻨــﺑ بﺎﺘﺘــﻛا وأ ﻞــﻳﻮﺤــﺗ xxxxxx ﺔــﻳأ ﺔــﺳرﺎﻤــﻣ (2
تﺎﻤﻴﻠﻌﺘــﻟا ﻚﻠــﺗ نﻮﻜــﺗ نأ طﺮــﺸﺑ ،ﺔــﻛﺮــﺸﻟا ىﺪــﻟ ةﺪﻤﺘﻌﻤــﻟا ﻞــﺋﺎــﺳﻮــﻟا ىﺪــﺣﺈــﺑ ﻞﻴﻤﻌــﻟا
.ﺔﻠﻣﺎﻛو ﺔﺤﻴﺤﺻ تﺎﻴـﻟوﺆﺴﻤـﻟا ﺬﻴﻔﻨـﺗ ﻲـﻓ ﺔـﻟﻮﻘﻌﻤـﻟا ﺎـﻫدﻮﻬـﺟ ماﺪﺨﺘـﺳا ﻲـﻓ ﺪﻴـﺣﻮـﻟا ﺔـﻛﺮـﺸﻟا ماﺰﺘـﻟا ﻞﺜﻤﺘـﻳو تاذ قﻮﺴــﻟا ﻲــﻓ ﺔﻴــﻣﺎﻈﻨــﻟا تﺎﺒﻠﻄﺘﻤــﻟا ﺐــﺴﺣو(، 4,13( ةﺮﻘﻔــﻟا هﺬــﻫ ﻲــﻓ ةرﻮــﻛﺬﻤــﻟا
.ﺔﻗﻼﻌﻟا
ﻦﻴﻌﺘـﻳ ﺪﻘـﻓ ،داﺪـﺴﻟا ﻦـﻋ ﻆﻔﺤـﻟا ﻦﻴـﻣأ ﺰـﺠﻋ ﺔـﻟﺎـﺣ ﻲـﻓ ﻪـﻧأ ﻰﻠـﻋ ﻞﻴﻤﻌـﻟا ﻖـﻓاﻮـﻳو ﺮﻘـﻳ 13.6
.ﻪﺘﻳﻮﺴﺗ رﺬﻌﺘﻳو ثﺪﺤﻳ ﺺﻘﻧ يأ ﻲﻓ ﻲﺒﺳﺎﻨﺗ سﺎﺳأ ﻰﻠﻋ ﺔﻛرﺎﺸﻤﻟا ﻪﻴﻠﻋ
ﻆﻔــﺣ ﻦﻴــﻣأ ىﺪــﻟ ﻞﻴﻤﻌــﻟﺎــﺑ ﺔــﺻﺎﺨــﻟا ﺔﻴــﻟﺎﻤــﻟا قاروﻷﺎــﺑ ظﺎﻔﺘــﺣﻻا نﺄــﺑ ﻞﻴﻤﻌــﻟا ﺮﻘــﻳ 13.7 ﻲـﻓ ﺔﻴـﻣﺎﻈـﻧ وأ ﺔﻴـﻧﻮـﻧﺎـﻗ تﺎﺒﻠﻄﺘـﻣ وأ ﺔـﻳﻮﺴـﺗ تﺎﺒﻠﻄﺘـﻣ ﻪﻴﻠـﻋ ﺐـﺗﺮﺘـﻳ نأ ﻦﻜﻤﻤـﻟا ﻦـﻣ ﻲـﺟرﺎـﺧ ﺎﻤﻴـﻓ صﻮﺼﺨـﻟا ﻪـﺟو ﻰﻠـﻋو ،ﺔﻜﻠﻤﻤـﻟا ﻲـﻓ ﻖﺒﻄـﻣ ﻮـﻫ ﺎﻤـﻋ ﻒﻠﺘﺨـﺗ ﺪـﻗ ﺔـﻗﻼﻌـﻟا يذ ﺪﻠﺒـﻟا
.ءﻼﻤﻌﻟا لﻮﺻأ ﻞﺼﻔﺑ ﻖﻠﻌﺘﻳ
14.Reporting to Clients
14.1 The Company shall send the Client the account statements and contract notes detailing the Transactions made on its Portfolio and the value of assets available in its account. The information contained in these statements shall be accurate as of the date of these statements and shall be used for informational purposes only.
14.2 The Client agrees to review the statements and notify the Company in the event of any error within 15 days from the date of the statement. These statements shall be considered valid, unless the Company is notified in writing about an error contained in them within the above mentioned time limit.
15.Notices
15.1 Any notice, consent, request, claim, demand, contract note, account statement or any other communication )together the ” Notices“( given or made hereunder )other than Instructions from the Client to the Company which are discussed in Clause 8 above( shall be deemed to be sufficiently given or made, if in writing and delivered by registered mail or first class mail
)with way bill confirmation( or facsimile delivered or sent to the relevant party or email at his/her registered address at the Company or as may be advised by a party to the other party from time-to-time by notice in accordance with this Clause.
ءﻼﻤﻌﻠﻟ ﺮﻳرﺎﻘﺘﻟا ﻢﻳﺪﻘﺗ.14
ﻞﻴﻤﻌـﻟا ﻰـﻟإ تﺎﻘﻔﺼـﻟا ﺬﻴﻔﻨـﺗ تارﺎﻌـﺷإو بﺎﺴﺤـﻟا تﺎـﻓﻮﺸـﻛ لﺎـﺳرﺈـﺑ ﺔـﻛﺮـﺸﻟا مﻮﻘـﺗ 14.1 لﻮـــﺻﻻا ﺔﻤﻴـــﻗو ﻞﻴﻤﻌـــﻟا ﺔﻈﻔﺤـــﻣ ﻰﻠـــﻋ ﺖﻤـــﺗ ﻲﺘـــﻟا تﺎﻘﻔﺼـــﻟا ﻞﻴـــﺻﺎﻔـــﺗ ﺢـــﺿﻮـــﺗ ﻲﺘـــﻟا ﺦـﻳرﺎﺘـﺑ تﺎـﻓﻮﺸﻜـﻟا هﺬـﻫ ﻲـﻓ ةدراﻮـﻟا تﺎـﻣﻮﻠﻌﻤـﻟا نﻮﻜـﺗو ،ﻞﻴﻤﻌـﻟا بﺎﺴـﺣ ﻲـﻓ ةدﻮـﺟﻮﻤـﻟا ﻂﻘﻓ مﻼﻋﻻا ضﺮﻐﻟ نﻮﻜﺗ تﺎﻓﻮﺸﻜﻟا هﺬﻫ نﺄﺑ ﺎﻤﻠﻋ ﻒﺸﻜﻟا ﻚﻟذ داﺪﻋإ
ﺄﻄـﺧ يأ عﻮـﻗو ﺔـﻟﺎـﺣ ﻲـﻓ ﺔـﻛﺮـﺸﻟا رﺎﻄـﺧإو تﺎـﻓﻮﺸﻜـﻟا ﺔﻌـﺟاﺮـﻣ ﻰﻠـﻋ ﻞﻴﻤﻌـﻟا ﻖـﻓاﻮـﻳ 14.2
تﺎـﻓﻮﺸﻜـﻟا هﺬـﻫ ﺮﺒﺘﻌـﺗ فﻮـﺳو .ﻒﺸﻜـﻟا ﺦـﻳرﺎـﺗ ﻦـﻣ ً ﺎـﻣﻮـﻳ 15 لﻼـﺧ تﺎـﻓﻮﺸﻜـﻟا هﺬـﻫ ﻲـﻓ
.ةدﺪﺤﻤﻟا ةﺪﻤﻟا لﻼﺧ ﺎﻬﻴﻓ ﺄﻄﺧ دﻮﺟو ﻦﻋ ﺎﻴﻄﺧ ﺔﻛﺮﺸﻟا غﻼﺑإ ﻢﺘﻳ ﻢﻟ ﺎﻣ ﺔﺤﻴﺤﺻ
تارﺎﻌﺷﻻا.15
تارﺎﻌـﺷإ وأ تﺎﻤﻴﻠﻌـﺗ وأ ﺐﻠﻄـﻣ وأ ﺔﺒـﻟﺎﻄـﻣ وأ ﺐﻠـﻃ وأ ﺔﻘـﻓاﻮـﻣ وأ رﺎﻌـﺷإ ل ﺮﺒﺘﻌـﻳ 15.1 ﺪـﺟﻮـﻳ )“تارﺎﻌـﺷﻻا” ﺔﻌﻤﺘﺠـﻣ( ﺮـﺧآ لﺎﺼـﺗا يأ وأ بﺎﺴﺤـﻟا تﺎـﻓﻮﺸـﻛ وأ تﺎﻘﻔﺼـﻟا ﺬﻴﻔﻨـﺗ ﺎﻬـﻟوﺎﻨـﺗ ﻢـﺗ ﻲﺘـﻟا ﺔـﻛﺮـﺸﻟا ﻰـﻟإ ﻞﻴﻤﻌـﻟا ﻦـﻣ تﺎﻤﻴﻠﻌﺘـﻟا ﺮﻴـﻏ( ﺔﻴـﻗﺎﻔـﺗﻻا هﺬـﻫ ﺐـﺟﻮﻤـﺑ ﻢﺘـﻳ وأ وأ ﻞــﺠﺴﻤﻟا ﺪــﻳﺮﺒــﻟا ﺔﻄــﺳاﻮــﺑ ﻪﻤﻴﻠــﺴﺗ ﻢــﺗو ً ﺎﻴﻄــﺧ نﺎــﻛ اذإ ﺎﻴــﻓﺎــﻛ )هﻼــﻋأ( 8(ةﺮﻘﻔــﻟا ﻲــﻓ يذ فﺮﻄـﻟا ﻰـﻟإ ﻞـﺳﺮﻤـﻟا وأ ﻢﻠـﺴﻤﻟا ﺲـﻛﺎﻔـﻟﺎـﺑ وأ )ﺪﻴـﻛﺄـﺗ ﻞـﺻو ﻊـﻣ( زﺎﺘﻤﻤـﻟا ﺪـﻳﺮﺒـﻟا ﺔـﻣﺪـﺧ ﻪـﺑ ﺮﻄـﺨﻳ ﺎـﻣ ﺐـﺴﺤﺑ وأ ﺔـﻛﺮـﺸﻟا ىﺪـﻟ ﻞـﺠﺴﻤﻟا ناﻮﻨﻌـﻟا ﻰﻠـﻋ ﻲـﻧوﺮﺘﻜـﻟﻻا ﺪـﻳﺮﺒـﻟا وأ ﺔـﻗﻼﻌـﻟا
.ةﺮﻘﻔﻟا هﺬﻬﻟ ﺎﻘﻓو رﺎﻌﺷﺈﺑ ﺮﺧﻻ ﺖﻗو ﻦﻣ ﺮﺧﻻا فﺮﻄﻟا ﻦﻴﻓﺮﻄﻟا ﺪﺣأ
15.2 Any Notice shall be deemed to have been made and received when delivered to the appropriate address, or if sent by registered mail or first class mail;
15.3 Damages resulting from the use of the postal services and other means of communication, especially from loss, delay, misunderstanding, mutilation or double dispatch, shall be borne by the Client, provided that the Company has not acted with negligence. In case of litigation, the onus of proof is borne by the Client.
نﺎـﻛ اذإ ﻢـﺋﻼﻤـﻟا ناﻮﻨﻌـﻟا ﻰـﻟإ ﻪﻤﻴﻠـﺴﺗ ىﺪـﻟ ﻢﻠﺘـﺳاو هﺬﻴﻔﻨـﺗ ﻢـﺗ ﻪـﻧأ رﺎﻌـﺷﻻا ﺮﺒﺘﻌـﻳ 15.2
.زﺎﺘﻤﻤﻟا ﺪﻳﺮﺒﻟا ﺔﻣﺪﺧ ﺔﻄﺳاﻮﺑ وأ ﻞﺠﺴﻤﻟا ﺪﻳﺮﺒﻟﺎﺑ ﻼﺳﺮﻣ
لﺎﺼــﺗﻻا ﻞــﺋﺎــﺳوو ﺪــﻳﺮﺒــﻟا تﺎــﻣﺪــﺧ ماﺪﺨﺘــﺳا ﻦــﻋ ﺔﺌــﺷﺎﻨــﻟا راﺮــﺿﻻا ﻞﻴﻤﻌــﻟا ﻞﻤــﺤﺘﻳ 15.3 وأ حﻮـﺿﻮـﻟا مﺪـﻋ وأ ﻢﻬﻔـﻟا ءﻮـﺳ وأ ﺮﻴـﺧﺄﺘـﻟا وأ ناﺪﻘﻔـﻟا ﻦـﻋ ﺔﺠـﺗﺎﻨـﻟا ﻚﻠـﺗ ﺔـﺻﺎـﺧ ،ىﺮـﺧﻻا نﻮﻜـﻳ ﻲـﺿﺎﻘﺘـﻟا ﺔـﻟﺎـﺣ ﻲـﻓو .ﺔـﻛﺮـﺸﻟا لﺎﻤـﻫإ ﻦـﻋ ﺔﺠـﺗﺎـﻧ نﻮﻜـﺗ ﻻ نأ طﺮـﺸﺑ ،رﺮﻜﻤـﻟا لﺎـﺳرﻻا
ﻞﻴﻤﻌﻟا ﻰﻠﻋ تﺎﺒﺛﻻا ءựﻋ
16.Aggregation of Client Assets
16.1 The Company )or its designated custodian( shall keep the books, records and statements related to the Client, in order to provide a complete record of all Securities being held on behalf of the Client.
16.2 The Client agrees that only Securities owned by the Client will be placed in the Client’s account. The Client agrees that the Company or its nominee shall retain any taxes or service fees legally due on the sale of Securities in the Client’s account for payment of such amounts to the appropriate authorities.
16.3 The Client acknowledges and agrees that, if there are local Securities that are not subject to the relevant terms of custody in deposit centres in the Kingdom of Saudi Arabia, the Client’s Securities may be pooled with the Securities of other clients of the Company. The Client acknowledges that the Client’s Securities or entitlements may not be separately identifiable by certificates or other physical documents or electronic records and agrees that it shall not have any rights to the redelivery of the same Securities as originally deposited with any custodian but will instead be entitled to the Securities of the same number, class, denomination and issue as those originally deposited.
ءﻼﻤﻌﻟا لﻮﺻأ ﻊﻴﻤﺠﺗ.16
ﺮـﺗﺎـﻓﺪـﻟﺎـﺑ ظﺎﻔﺘـﺣﻻﺎـﺑ ﻆﻔﺤـﻟا ﻦﻴـﻣأ مﺎﻬﻤـﺑ مﺎﻴﻘﻠـﻟ ﻪﻨﻴﻌـﺗ ﻦـﻣ وأ ﺔـﻛﺮـﺸﻟا مﻮﻘـﺗ فﻮـﺳ 16.1
ﺔﻴـﻟﺎﻤـﻟا قاروﻻا ﻊﻴﻤـﺟ ﻦـﻋ ﻞـﻣﺎـﻛ ﻞـﺠﺳ ءﺎﻄـﻋﻹ ﻞﻴﻤﻌـﻟﺎـﺑ ﺔـﺻﺎﺨـﻟا تﺎـﻓﻮﺸﻜـﻟاو تﻼﺠﺴـﻟاو
.ﻞﻴﻤﻌﻟا ﻦﻋ ﺔﺑﺎﻴﻨﻟﺎﺑ ﺎﻬﻈﻔﺣ ﻢﺘﻳ ﻲﺘﻟا
.ﺎﻬﻜﻠﻤـﻳ ﻲﺘـﻟا ﺔﻴـﻟﺎﻤـﻟا قاروﻻا ﻂﻘـﻓ ﻪـﺑﺎﺴـﺣ ﻲـﻓ عدﻮﺘـﺳ ﻪـﻧأ ﻰﻠـﻋ ﻞﻴﻤﻌـﻟا ﻖـﻓاﻮـﻳ 16.2 ﺔــﻣﺪــﺧ مﻮــﺳر وأ ựــﺋاﺮــﺿ ﺔــﻳأ ﻢﺼﺨﺘــﺳ ،ﻪﻨﻴﻌــﺗ ﻦــﻣ وأ ﺔــﻛﺮــﺸﻟا نأ ﻰﻠــﻋ ﻞﻴﻤﻌــﻟا ﻖــﻓاﻮــﻳو ﻚﻠـﺗ ﻊـﻓد ﻞـﺟأ ﻦـﻣ ﻞﻴﻤﻌـﻟا بﺎﺴـﺣ ﻲـﻓ ﺔﻴـﻟﺎﻤـﻟا قاروﻻا ﻊﻴـﺑ ﺪﻨـﻋ ً ﺎـﻣﺎﻈـﻧ ﺔﻘﺤﺘـﺴﻣ ﻆﻔـﺣ
.ﺔﻴﻨﻌﻤﻟا تﺎﻬﺠﻠﻟ ﻎﻟﺎﺒﻤﻟا
ﻲـﻓ ﻞﻴﻤﻌـﻟﺎـﺑ ﺔـﺻﺎﺨـﻟا ﺔﻴـﻟﺎﻤـﻟا قاروﻻا ﻊﻴﻤـﺠﺗ ﻦﻜﻤـﻳ ﻪـﻧأ ﻰﻠـﻋ ﻖـﻓاﻮـﻳو ﻞﻴﻤﻌـﻟا ﺮﻘـﻳ 16.3 عاﺪـــﻳﻻا ﺰـــﻛﺮـــﻣ ﻲـــﻓ ﻆﻔﺤـــﻟا طوﺮـــﺷ ﺎﻬﻴﻠـــﻋ ﻖﺒﻄﻨـــﺗ ﻻ ﺔﻴﻠـــﺤﻣ ﺔﻴـــﻟﺎـــﻣ قاروأ دﻮـــﺟو لﺎـــﺣ ةﺪــﺋﺎﻌــﻟا ﺔﻴــﻟﺎﻤــﻟا قاروﻻا ﻊــﻣ ﺔــﻳدﻮﻌــﺳ ﺮﻴــﻏ ﺔﻴــﻟﺎــﻣ قاروأو ﺔــﻳدﻮﻌﺴــﻟا ﺔﻴــﺑﺮﻌــﻟا ﺔﻜﻠﻤﻤــﻟﺎــﺑ ﻦﻜﻤــﻳ ﻻ ﺪــﻗ ﻪــﺗﺎﻘﺤﺘــﺴﻣ وأ ﺔﻴــﻟﺎﻤــﻟا ﻪــﻗاروأ نﺄــﺑ ﻞﻴﻤﻌــﻟا ﺮﻘــﻳو .ﻦــﻳﺮــﺧﻻا ﺔــﻛﺮــﺸﻟا ءﻼﻤﻌــﻟ
،ﺔﻴــﻧوﺮﺘﻜــﻟإ تﻼﺠــﺳ وأ ﺔــﻳدﺎــﻣ ﺔﻴﻜﻠــﻣ ﻖــﺋﺎــﺛو وأ تادﺎﻬــﺷ ﻲــﻓ ﻞﺼﻔﻨــﻣ ﻞﻜﺸــﺑ ﺎــﻫﺪــﻳﺪــﺤﺗ ﺔﻴـﻟﺎﻤـﻟا قاروﻻا تاﺪﻨﺘـﺴﻣ ﻞـﺻأ مﻼﺘـﺳا ﻲـﻓ ﻖﺤـﻟا ﻪـﻟ نﻮﻜـﻳ ﻦـﻟ ﻪـﻧأ ﻰﻠـﻋ ﻞﻴﻤﻌـﻟا ﻖـﻓاﻮـﻳو ﻪﻘــﺣ ﻦــﻣ نﻮﻜﻴــﺳ ﻦﻜــﻟو ،ﺔــﻛﺮــﺸﻟا ﻪﻨﻴﻌــﺗ ﻆﻔــﺣ ﻦﻴــﻣأ يأ وأ ﺔــﻛﺮــﺸﻟا ىﺪــﻟ ﺖــﻋدوأ ﻲﺘــﻟا ﺎﻬﺘﺌـﻓو ﺎﻬـﻋﻮـﻧ ﺲﻔﻨـﺑو ﻞـﺻﻻا ﻲـﻓ ﺎﻬـﻋاﺪـﻳإ ﻢـﺗ ﻲﺘـﻟا ﻚﻠـﺗ دﺪـﻋ ﺲﻔﻨـﺑ ﺔﻴـﻟﺎـﻣ قاروأ مﻼﺘـﺳا
ﺎﻫراﺪﺻإو
17.Securities Transfer Procedures
17.1 The Client acknowledges and agrees that the transfer of Securities owned by the Client shall be subject to the laws, regulations and legal requirements of the relevant market and jurisdiction.
17.2 The Client acknowledges that the Instructions regarding the transfer of
Securities owned by it shall be subject to the Company’s approved procedures.
17.3 The certificates of unlisted Securities must be registered in the Client’s name. In this case, the custodian shall only provide local pick- up, delivery, as well as safekeeping services. Securities must be delivered to and from the custodian, from the latter’s offices or any other suitable office for safe keeping as instructed by the custodian.
ﺔﻴﻟﺎﻤﻟا قاروﻻا ﻞﻳﻮﺤﺗ تاءاﺮṣإ. 17
ﻞﻴﻤﻌـﻟا ﺎﻬﻜﻠﻤـﻳ ﻲﺘـﻟا ﺔﻴـﻟﺎﻤـﻟا قاروﻻا ﻞـﻳﻮﺤـﺗ تاءاﺮـﺟإ نأ ﻰﻠـﻋ ﻖـﻓاﻮـﻳو ﻞﻴﻤﻌـﻟا ﺮﻘـﻳ 17.1
.ﺔﻗﻼﻌﻟا تاذ ﺪﻠﺒﻟاو ﺔﻴﻟﺎﻤﻟا قﻮﺴﻟا ﻲﻓ ﺔﻴﻧﻮﻧﺎﻘﻟا تﺎﺒﻠﻄﺘﻤﻟاو ﺢﺋاﻮﻠﻟاو ﺔﻤﻈﻧﻸﻟ ﻊﻀﺨﺗ
ựـــﺴﺣ ﻢﺘﺘـــﺳ ﻪـــﻟ ﺔـــﻛﻮﻠﻤﻤـــﻟا ﺔﻴـــﻟﺎﻤـــﻟا قاروﻻا ﻞـــﻳﻮﺤـــﺗ تﺎﻤﻴﻠﻌـــﺗ نﺄـــﺑ ﻞﻴﻤﻌـــﻟا ﺮﻘـــﻳ 17.2
ﺔﻛﺮﺸﻟا ىﺪﻟ ةﺪﻤﺘﻌﻤﻟا تاءاﺮﺟﻻا
هﺬــﻫ ﻲــﻓو .ﻞﻴﻤﻌــﻟا ﻢــﺳﺎــﺑ ﺔــﺟرﺪــﻣ ﺮﻴــﻏ ﺔﻴــﻟﺎــﻣ قاروأ تادﺎﻬــﺷ يأ ﻞــﺠﺴﺗ نأ ựﺠــﻳ 17.3 ﺎﻬﻈﻔـﺣو ﻲﻠـﺤﻤﻟا ﻢﻴﻠـﺴﺘﻟاو مﻼﺘـﺳﻻا تﺎـﻣﺪـﺧ ﻢـﻳﺪﻘﺘـﺑ ﻂﻘـﻓ ﻆﻔﺤـﻟا ﻦﻴـﻣأ مﻮﻘـﻳ ،ﺔـﻟﺎﺤـﻟا ựـﺗﺎﻜـﻣ ﻲـﻓ ﻆﻔﺤـﻟا ﻦﻴـﻣأ ﻰـﻟإو ﻦـﻣ ﺔﻴـﻟﺎﻤـﻟا قاروﻻا ﻞﻴـﺻﻮـﺗ ﻢﺘـﻳ نأ ựﺠـﻳ .ﻦـﻣآ نﺎﻜـﻣ ﻲـﻓ ﻆﻔﺤﻟا ﻦﻴﻣأ تﺎﻬﻴﺟﻮﺗ ựﺴﺣ ﻦﻣﻻا ﻆﻔﺤﻠﻟ ựﺳﺎﻨﻣ ựﺘﻜﻣ يأ وأ ﻆﻔﺤﻟا ﻦﻴﻣأ
18.Appointment of Third Parties to Provide Services
18.1 The Company reserves the right, in the context and circumstances authorised by the applicable Laws and Regulations, to delegate to one or more external entities, the task of providing services forming part of the Services under this Agreement
تﺎﻣﺪﺨﻟا ﻢﻳﺪﻘﺘﻟ ﺮﻴﻐﻟا ﻦﻣ فاﺮﻃأ ﻦﻴﻴﻌﺗ. 18
،ﺔـﻳرﺎﺴـﻟا ﺔﻤﻈـﻧﻻاو ﻦﻴـﻧاﻮﻘـﻟا ﺎـﻫﺰﻴﺠـﺗ ﻲﺘـﻟا فوﺮﻈـﻟاو لاﻮـﺣﻻا ﻦﻤـﺿ ،ﺔـﻛﺮـﺸﻠﻟ ﻖﺤـﻳ 18.1
ﻦـﻣ اءﺰـﺟ ﻞﻜﺸـﺗ تﺎـﻣﺪـﺧ ﻢـﻳﺪﻘـﺗ ﺔﻤﻬﻤـﺑ ﺔﻴـﺟرﺎﺨـﻟا تﺎﺴـﺳﺆﻤـﻟا ﻦـﻣ ﺮﺜـﻛأ وأ ﺪً ـﺣاو ضﻮﻔـﺗ نأ
.ﺔﻴﻗﺎﻔﺗﻻا هﺬﻫ ﺎﻬﻴﻠﻋ ﺺﻨﺗ ﻲﺘﻟا تﺎﻣﺪﺨﻟا
18.2 The Company may, on such terms as it sees fit, arrange for any third party )such as a bank, broker, trust company, member firm of any securities exchange, or other financial institution( whether inside or outside the Kingdom of Saudi Arabia, to act as broker or securities dealer and to provide custodian or any other services in respect of Securities in the Portfolio.
18.3 The Client agrees and acknowledges that the fees and expenses for third party services incurred by the Company pursuant to Clause 16 will be deducted from the Client’s account
18.4 The Client acknowledges that the Company is entitled to enter into special commission arrangements in accordance with the Laws and Regulations. A special commission arrangement is an arrangement whereby the Company receives services or products in addition to trade execution services from an intermediary, in return for the commission paid on Transactions directed through that intermediary. The Company may also receive a commission from a product provider in respect of any deals that the Company executes concerning that provider’s financial products.
18.5 The Client fully understands and acknowledges that, in effecting the purchase and sale of Securities at the Client’s Instructions, the Company may utilise the services of third parties)listed above(, as the Company may from time to time determine. If, through breach, bankruptcy or default on the Client’s part, the Company fails or ceases to comply with any contractual undertaking to such third parties, the Client will fully indemnify the Company for and in respect of all costs, damages, expenses and charges arising in respect thereof. The Company will exercise reasonable care in the selection of correspondent bank)s( agent)s(, custodian)s( and other third parties, including those outside the Kingdom of Saudi Arabia, which the Company may appoint from time to time in order to implement any of the Client’s Instructions. However, the Company shall not be responsible for any losses, damages, liabilities or expenses incurred by the Client arising from the failure or default of any such third parties and other persons as aforesaid to perform their functions accurately, or within the customary or requisite time period. The Company’s only obligation will be to use its reasonable endeavours to cause such third parties or other persons to remedy any error on its part in its next following statement or process. In no event shall the Company be responsible for any indirect or consequential damage or loss. For the Client’s protection, the Client fully agrees to maintain all communications regarding its Instructions to Buy or Sell any Securities and Commodities for the Client’s account with the responsible officers of the Company and not with the Company’s third parties.
18.6 The Company undertakes to exercise reasonable professional care and apply the standards required under the Laws and Regulations, in the selection of third parties to render services in connection with any Securities and Transactions therein. The Client accepts that any third party, firm or individual, shall act as an independent contractor, not as an agent of the Company, and the Company shall not be liable or responsible for any act or omission by any such party nor shall the Company be responsible for any losses, damages, liabilities or expenses incurred by the Client arising from the failure of any such party to perform their functions correctly, accurately or within the customary or requisite time, or from the insolvency of any such party
،ﻚﻨـﺑ ﻞﺜـﻣ( ﺮـﺧآ فﺮـﻃ يأ ﻊـﻣ ựـﺗﺮـﺗ نأ ،ﺔﺒـﺳﺎﻨـﻣ ﺎـﻫاﺮـﺗ ﻲﺘـﻟا طوﺮـﺸﻟﺎـﺑ ،ﺔـﻛﺮـﺸﻠﻟ زﻮﺠـﻳ 18.2 يأ وأ ،ﺔﻴـــﻟﺎﻤـــﻟا قاروﻼـــﻟ قﻮـــﺳ يأ ﻲـــﻓ ﻮﻀـــﻋ ﺔـــﻛﺮـــﺷ وأ ،ﺔـــﻧﺎـــﻣأ ﺔـــﻛﺮـــﺷ وأ ،ﻂﻴـــﺳو وأ قاروأ ﻂﻴـﺳو وأ ﺔـﻟﻮﻤﻌـﻟﺎـﺑ ﻂﻴـﺳﻮـﻛ ﻞﻤﻌﻠـﻟ ﺔﻜﻠﻤﻤـﻟا xxxxx وأ ﻞـﺧاد )ىﺮـﺧأ ﺔﻴـﻟﺎـﻣ ﺔﺴـﺳﺆـﻣ ﺔﻴـــﻟﺎﻤـــﻟا قاروﻻا ﻰـــﻟإ ﺔﺒـــﺴﻨﻟﺎـــﺑ ىﺮـــﺧأ تﺎـــﻣﺪـــﺧ ﺔـــﻳأ وأ ﻆﻔﺤـــﻟا تﺎـــﻣﺪـــﺧ ﻢـــﻳﺪﻘـــﺗو ﺔﻴـــﻟﺎـــﻣ
ﺔﻈﻔﺤﻤﻟا ﻲﻓ ةدﻮﺟﻮﻤﻟا
ﻞﺒــﻗ ﻦــﻣ ﺔﻨﻴﻌﻤــﻟا فاﺮــﻃﻻا ﻒﻴــﻟﺎﻜــﺗو مﻮــﺳر ﻞﻤــﺤﺗ ﻰﻠــﻋ ﻖــﻓاﻮــﻳو ﻞﻴﻤﻌــﻟا ﺮﻘــﻳ 18.3
.ﻪﺑﺎﺴﺣ ﻦﻣ ﺎﻬﻤﺼﺧ ﻢﺘﻴﺳ ،ةﺮﻘﻔﻟا هﺬﻫو 16 ةﺮﻘﻔﻟا ﻰﻠﻋ ءﺎﻨﺑ ،تﺎﻣﺪﺧ ﻢﻳﺪﻘﺘﻟ ﺔﻛﺮﺸﻟا
ﺢـﺋاﻮﻠـﻟ ﺎﻘـﻓو ﺔـﺻﺎـﺧ تﻻﻮﻤـﻋ تﺎﺒﻴـﺗﺮـﺗ ﻲـﻓ لﻮـﺧﺪـﻟا ﺔـﻛﺮـﺸﻠﻟ ﻖﺤـﻳ ﻪـﻧﺄـﺑ ﻞﻴﻤﻌـﻟا ﺮﻘـﻳ 18.4 ﺔــﻛﺮــﺸﻟا ﻪﺒــﺟﻮﻤــﺑ ﻢﻠﺘــﺴﺗ ựﻴــﺗﺮــﺗ ﻦــﻋ ةرﺎﺒــﻋ ﻮــﻫ ﺔــﺻﺎﺨــﻟا تﻻﻮﻤﻌــﻟا ựﻴــﺗﺮــﺗو .ﺔﻤﻈــﻧﻻاو ﺔــﻟﻮﻤــﻋ ﻞــﺑﺎﻘــﻣ ﻂﻴــﺳو ﻦــﻣ ﺔﻘﻔﺼــﻟا ﺬﻴﻔﻨــﺗ تﺎــﻣﺪــﺧ ﻰــﻟإ ﺔــﻓﺎــﺿﻻﺎــﺑ تﺎﺠﺘﻨــﻣ وأ تﺎــﻣﺪــﺧ مﻼﺘــﺳا ﺔــﻛﺮــﺸﻠﻟ زﻮﺠــﻳ ﺎﻤــﻛ .ﻂﻴــﺳﻮــﻟا ﻚــﻟذ لﻼــﺧ ﻦــﻣ ةﺬﻔﻨﻤــﻟا تﺎﻴﻠﻤﻌــﻟا ﻰﻠــﻋ ﻊــﻓﺪــﺗ صﻮﺼﺨـﺑ ﺔـﻛﺮـﺸﻟا ﺎـﻫﺬﻔﻨـﺗ ﺔﻘﻔـﺻ ﺔـﻳﻻ ﺔﺒـﺴﻨﻟﺎـﺑ ﻚـﻟذو تﺎﺠﺘﻨـﻣ مﺪﻘـﺗ ﺔﻬـﺟ يأ ﻦـﻣ ﺔـﻟﻮﻤـﻋ
ﺔﻬﺠﻟا ﻚﻠﺘﻟ ﺔﻴﻟﺎﻤﻟا تﺎﺠﺘﻨﻤﻟا
قاروﻻا ﻊﻴــﺑ وأ ءاﺮــﺷ ﺔﻴﻠﻤــﻋ ﺬﻴﻔﻨــﺗ ﺪﻨــﻋ ﻪــﻧأ ﻰﻠــﻋ ﻖــﻓاﻮــﻳو ﺎــﻣﺎﻤــﺗ ﻞﻴﻤﻌــﻟا كرﺪــﻳ 18.5 ةرﻮـــﻛﺬﻤـــﻟا( ىﺮـــﺧ فاﺮـــﻃأ تﺎـــﻣﺪـــﺨﺑ ﺔـــﻛﺮـــﺸﻟا ﻦﻴﻌﺘـــﺴﺗ ،ﻪـــﺗﺎﻤﻴﻠﻌـــﺗ ﻰﻠـــﻋ ءﺎﻨـــﺑ ﺔﻴـــﻟﺎﻤـــﻟا وأ ﻞﻴﻤﻌـﻟا ựـﻧﺎـﺟ ﻦـﻣ ﺔﻔـﻟﺎﺨـﻣ تدأ اذإ .ﺮـﺧآ ﻰـﻟإ ﺖـﻗو ﻦـﻣ ﺔـﻛﺮـﺸﻟا ﻢـﻫدﺪـﺤﺗ ﻲﺘـﻟاو )ﻪـﻟﺎـﻋأ يﺪـﻗﺎﻌـﺗ ﺪـﻬﻌﺗ يﺄـﺑ ماﺰﺘـﻟﻻا ﻦـﻋ ﺎﻬـﻋﺎﻨﺘـﻣا وأ ﺔـﻛﺮـﺸﻟا ماﺰﺘـﻟا مﺪـﻋ ﻰـﻟإ هﺮﻴﺼﻘـﺗ وأ ﻪـﺳﻼـﻓإ ﻒﻴـﻟﺎﻜﺘـﻟا ﻊﻴﻤـﺟ ﻦـﻋ ﻞـﻣﺎﻜـﻟﺎـﺑ ﺔـﻛﺮـﺸﻟا ﺾـﻳﻮﻌـﺗ ﻞﻴﻤﻌـﻟا xxxx xxxxxx ،ىﺮـﺧﻻا فاﺮـﻃﻻا ﻊـﻣ ﺔـــﻳﺎﻨﻌـــﻟا ﺔـــﻛﺮـــﺸﻟا لﺬﺒـــﺗ فﻮـــﺳو .ﻚـــﻟذ ﻦـــﻋ ﺔﺠـــﺗﺎﻨـــﻟا مﻮـــﺳﺮـــﻟاو تﺎـــﻓوﺮﺼﻤـــﻟاو راﺮـــﺿﻻاو ﻚـﻟذ ﻲـﻓ ﻦﻤـﺑ ،ىﺮـﺧﻻا فاﺮـﻃﻻاو ﻆﻔﺤـﻟا ءﺎﻨـﻣأو ﺔﻠـﺳاﺮﻤـﻟا كﻮﻨﺒـﻟا رﺎﻴﺘـﺧا ﻲـﻓ ﺔﺒـﺳﺎﻨﻤـﻟا يأ ﺬﻴﻔﻨﺘـﻟ ﺮـﺧآ ﻰـﻟإ ﺖـﻗو ﻦـﻣ ﺔـﻛﺮـﺸﻟا ﻢﻬﻨﻴﻌـﺗو ﺔـﻳدﻮﻌـﺳ ﺮﻴـﻏ ناﺪﻠـﺑ ﻲـﻓ نوﺪـﺟاﻮﺘـﻳ ﻦـﻣ تﺎـﻣاﺰﺘـﻟا وأ راﺮـﺿأ وأ ﺮـﺋﺎﺴـﺧ ﺔـﻳأ ﻦـﻋ ﺔـﻟوﺆﺴـﻣ نﻮﻜـﺗ ﻦـﻟ ﺔـﻛﺮـﺸﻟا ﻦﻜـﻟ .ﻞﻴﻤﻌـﻟا تﺎﻤﻴﻠﻌـﺗ ﻦـﻣ ىﺮﺧﻻا فاﺮﻃﻻا ﻦﻣ يأ ựﻧﺎﺟ ﻦﻣ ﺮﻴﺼﻘﺗ وأ ﻞﺸﻔﻟ ﺔﺠﻴﺘﻧ ﻞﻴﻤﻌﻟا ﺎﻫﺪﺒﻜﺘﻳ تﺎﻓوﺮﺼﻣ وأ ﺔﻴﻨـﻣﺰـﻟا ةﺮﺘﻔـﻟا ﻲـﻓ وأ ،ﺔـﻗﺪـﺑ ﻢﻬـﻣﺎﻬـﻣ ءادأ ﻲـﻓ هﺮـﻛذ مﺪﻘـﺗ ﺎﻤـﻛ ﻦـﻳﺮـﺧﻻا صﺎﺨـﺷﻻا وأ ﺔـﻟﻮﻘﻌﻤـﻟا ﺎـﻫدﻮﻬـﺟ ماﺪﺨﺘـﺳا ﻲـﻓ ﺪﻴـﺣﻮـﻟا ﺔـﻛﺮـﺸﻟا ماﺰﺘـﻟا ﻞﺜﻤﺘـﻳو .ﺔـﺑﻮﻠﻄﻤـﻟا وأ ةدﺎﺘﻌﻤـﻟا ﻲــﻓ ﻢﻬﺒــﻧﺎــﺟ ﻦــﻣ ﺄﻄــﺧ يأ ﺔﺠــﻟﺎﻌــﻣ ﻰﻠــﻋ ﻦــﻳﺮــﺧﻻا صﺎﺨــﺷﻻا وأ ىﺮــﺧﻻا فاﺮــﻃﻻا ﺚﺤــﻟ ﺔـﻳأ ﻦـﻋ ﺔـﻟوﺆﺴـﻣ لﺎـﺣ يﺄـﺑ ﺔـﻛﺮـﺸﻟا نﻮﻜـﺗ ﻦـﻟو .ﻪﻴﻠـﺗ ﻲﺘـﻟا تاﻮﻄـﺨﻟا وأ بﺎﺴﺤـﻟا ﻒﺸـﻛ ﻊﻴﻤــﺟ ءﺎﻘــﺑإ ﻰﻠــﻋ ﻞﻴﻤﻌــﻟا ﻖــﻓاﻮــﻳ ،ﻞﻴﻤﻌــﻟا ﺔــﻳﺎﻤــﺤﻟو .ﻲﻌﺒــﺗ وأ ﺮــﺷﺎﺒــﻣ ﺮﻴــﻏ رﺮــﺿ وأ ةرﺎﺴــﺧ ﻲـﻟوﺆﺴـﻣ ﻊـﻣ ﻪـﺑﺎﺴﺤـﻟ xxxxx xxxxxxx قاروأ ﺔـﻳأ ﻊﻴـﺑ وأ ءاﺮـﺸﺑ ﻪـﺗﺎﻤﻴﻠﻌﺘـﺑ ﺔـﺻﺎﺨـﻟا تﻻﺎﺼـﺗﻻا
.ﺔﻛﺮﺸﻟا ىﺪﻟ ىﺮﺧﻻا فاﺮﻃﻻا ﻊﻣ ﺲﻴﻟو ﻦﻴﺼﺘﺨﻤﻟا ﺔﻛﺮﺸﻟا
ﺔــﺑﻮﻠﻄﻤــﻟا ﺮﻴــﻳﺎﻌﻤــﻟا ﻖﻴﺒﻄــﺗو ﺔﺒــﺳﺎﻨﻤــﻟا ﺔﻴﻨﻬﻤــﻟا ﺔــﻳﺎﻨﻌــﻟا ﺔــﺳرﺎﻤﻤــﺑ ﺔــﻛﺮــﺸﻟا مﺰﺘﻠــﺗ 18.6 يﺄــﺑ ﻖﻠﻌﺘــﺗ تﺎــﻣﺪــﺧ ﻢــﻳﺪﻘﺘــﻟ ىﺮــﺧﻻا فاﺮــﻃﻻا رﺎﻴﺘــﺧا ﻲــﻓ ،ﺔﻤﻈــﻧﻻاو ﺢــﺋاﻮﻠــﻟا ựــﺟﻮﻤــﺑ نﺎـﻛ ﺔـﻛﺮـﺷ ،ﺮـﺧآ فﺮـﻃ يأ نأ ﻰﻠـﻋ ﻞﻴﻤﻌـﻟا ﻖـﻓاﻮـﻳو .ﺎﻬـﺑ ﻢﺘـﺗ ﻲﺘـﻟا تﺎﻘﻔﺼـﻟاو ﺔﻴـﻟﺎـﻣ قاروأ ﻰـﻧدأ ﻞﻤـﺤﺘﺗ ﻦـﻟ ﺔـﻛﺮـﺸﻟا نأو ،ﺔـﻛﺮـﺸﻠﻟ xxxxxxx ﺲﻴـﻟو ،ﻞﻘﺘـﺴﻣ ﺪـﻗﺎﻌﺘﻤـﻛ ﻞﻤﻌـﻳ ، ً ادﺮـﻓ وأ ﺔـﻟوﺆﺴـﻣ نﻮﻜـﺗ ﻦـﻟو ﺚـﻟﺎـﺛ فﺮـﻃ يأ ﻞﺒـﻗ ﻦـﻣ ﻞﻌـﻓ ﻦـﻋ ﺮﻴﺼﻘـﺗ وأ ﻞﻌـﻓ يأ ﻦـﻋ ﺔﻴـﻟوﺆﺴـﻣ فﺮـﻃ يأ ﻞـﺸﻔﻟ ﺔﺠﻴﺘـﻧ ﻞﻴﻤﻌـﻟا ﺎـﻫﺪﺒﻜﺘـﻳ تﺎـﻓوﺮﺼـﻣ وأ تﺎـﻣاﺰﺘـﻟا وأ راﺮـﺿأ وأ ﺮـﺋﺎﺴـﺧ يأ ﻦـﻋ رﺎﺴــﻋإ ﻦــﻋ وأ ،بﻮﻠﻄﻤــﻟا ﺖــﻗﻮــﻟا ﻲــﻓ وأ ﻖﻴــﻗدو ﺢﻴﺤــﺻ ﻞﻜﺸــﺑ ﻪﻔــﺋﺎــﻇو ءادأ ﻲــﻓ ﺚــﻟﺎــﺛ
.ﻪﺗﺎﻣاﺰﺘﻟﺎﺑ ءﺎﻓﻮﻟا ﻰﻠﻋ ﻪﺗرﺪﻗ مﺪﻋو فﺮﻄﻟا ﻚﻟذ
19.Disclosure of Identity and Confidentiality
19.1 Details of the Portfolio and Transactions undertaken for the account of the Client in relation thereto shall be treated as confidential. However, the Client agrees that the Company discloses its information to any other party according to regulations such as:
ﺔﻳﺮﺴﻟاو ﺔﻳﻮﻬﻟا ﻦﻋ حﺎﺼﻓﻹا .19
ﻻإ ،ـﺔﻣـﺎﺗ ـﺔﻳـﺮﺴﺑ ﻞﻴﻤـﻌﻟا ـﺢﻟﺎـﺼﻟ ـﺔﻣﺮﺒـﻤﻟا تﺎﻘﻔـﺼﻟاو ﺔﻈﻔﺤـﻤﻟا ﻞـﻴﺻﺎـﻔﺗ ـﻊﻣ ـﻞﻣﺎﻌـﺘﻟا ﻢـﺘﻳ فﺮـﻃ يﻷ ﻪـﺑ ﺔـﺻﺎﺨـﻟا تﺎـﻣﻮﻠﻌﻤـﻟا ﻦـﻋ حﺎﺼـﻓﻻا ﺔـﻛﺮـﺸﻠﻟ ﻖﺤـﻳ ﻪـﻧأ ﻰﻠـﻋ ﻖـﻓاﻮـﻳ ﻞﻴﻤﻌـﻟا نأ
:ﻲﻟﺎﺘﻟﺎﻛ ﺔﻤﻈﻧﻸﻟ ﺎﻘﺒﻃ ،ﺮﺧآ
1) Pursuant to any applicable law or regulation,
2) By order of a competent court of law,
3) In response to an inquiry by an exchange or any regulatory or other governmental authority concerning information reasonably required by them in the course of their official duties,
4) To perform a particular Service for the Client including but not limited to, executing, settling and arranging custody services.
19.2 The Client agrees that the Company may disclose details of the Client’s relationship with the Company to third parties with whom the Company deals in the performance of the agreed Services on behalf of the Client, for their confidential and internal use or as a requirement of processing Transactions on behalf of the Client. The Client understands that such information may sometimes become subject to disclosure under the laws of other jurisdictions.
؛مﺎﻈﻧ وأ نﻮﻧﺎﻗ يﻷ ﺎﻘﻓو ( 1
؛ﺔﺼﺘﺨﻣ ﺔﻤﻜﺤﻣ ﻦﻣ ﺮﻣﺄﺑ ( 2
ﻖﻠﻌﺘـﻳ ىﺮـﺧأ ﺔﻴـﻣﻮﻜـﺣ وأ ﺔﻴﻤﻴﻈﻨـﺗ ﺔﺌﻴـﻫ ﺔـﻳأ وأ ﺔﻴـﻟﺎـﻣ قﻮـﺳ ﻦـﻣ رﺎﺴﻔﺘـﺳﻻ ﺔـﺑﺎﺠﺘـﺳا ( 3
؛ﺔﻴﻤﺳﺮﻟا ﺎﻬﻣﺎﻬﻣ قﺎﻴﺳ ﻲﻓ لﻮﻘﻌﻣ ﻞﻜﺸﺑ ﺎﻬﺒﻠﻄﺗ تﺎﻣﻮﻠﻌﻤﺑ
تﺎـﻣﺪـﺧ ựﻴـﺗﺮـﺗو ﺔـﻳﻮﺴـﺗو ﺬﻴﻔﻨـﺗ ،ﺪـﻳﺪـﺤﺗ نود ﻼـﻣﺎـﺷ ،ﻞﻴﻤﻌﻠـﻟ ﺔﻨﻴﻌـﻣ ﺔـﻣﺪـﺧ ءادﻷو ( 4
.ﻆﻔﺤﻟا
ﻊـﻣ ﻞﻴﻤﻌـﻟا ﺔـﻗﻼـﻋ ﻞﻴـﺻﺎﻔـﺗ ﻦـﻋ حﺎﺼـﻓﻻا ﺔـﻛﺮـﺸﻠﻟ زﻮﺠـﻳ ﻪـﻧأ ﻰﻠـﻋ ﻞﻴﻤﻌـﻟا ﻖـﻓاﻮـﻳ 19.2 ﺢـﻟﺎﺼـﻟ ﺎﻬﻴﻠـﻋ ﻖﻔﺘﻤـﻟا تﺎـﻣﺪـﺨﻟا ﺬﻴﻔﻨـﺗ ﻲـﻓ ﺔـﻛﺮـﺸﻟا ﻪﻌـﻣ ﻞـﻣﺎﻌﺘـﺗ ﺚـﻟﺎـﺛ فﺮﻄـﻟ ﺔـﻛﺮـﺸﻟا ﺢـــﻟﺎﺼـــﻟ تﺎﻘﻔﺼـــﻟا ءاﺮـــﺟﻷ ựﻠﻄﻤـــﻛ وأ يﺮـــﺴﻟاو ﻲﻠـــﺧاﺪـــﻟا ﻪـــﻣاﺪﺨﺘـــﺳﻻ ﻚـــﻟذو ،ﻞﻴﻤﻌـــﻟا ﻦﻴـﻧاﻮـﻗ ựـﺟﻮﻤـﺑ حﺎﺼـﻓﻼـﻟ ﺎـﻧﺎﻴـﺣأ ﻊﻀﺨـﺗ ﺪـﻗ تﺎـﻣﻮﻠﻌﻤـﻟا ﻚﻠـﺗ نأ ﻞﻴﻤﻌـﻟا كرﺪـﻳو .ﻞﻴﻤﻌـﻟا
.ىﺮﺧأ ناﺪﻠﺑ
20.Conflict of Interest
20.1 The Client acknowledges and agrees that, in the course of executing Transactions or performing Services under this Agreement, the Company and persons or entities related to the Company )including, without limitation, branches, subsidiaries, affiliates and other clients of the Company( may have a material interest in a Transaction or investment that constitutes or is likely to constitute a conflict between the interests of the Company and the interest of the Client.
20.2 Without limitation to the foregoing, the Company has the right to the following, from time to time:
1) Have a position in Securities held, purchased or sold for the Client’s account;
2) Purchase or sell such Securities for its other clients;
3) Have a relationship with companies whose Securities are held, purchased or sold for the Client’s account;
4) Sell to the Client Securities issued, or to be issued, by the Company;
5) Execute Transactions on behalf of the Client in which the Company or any or more of its related parties has directly or indirectly a material interest or where a related party of the Company executes the Transaction as principal therein or in which the Company or a related party has a relationship with another party which may, in either case, involve a conflict with the Company’s duty to the Client;
6) Buy Securities from or sell Securities to the Client, as a principal on its own account, or as an agent for a related party of the Company;
7) Act as agent for the Client, in relation to a Transaction in which the Company or a related party is also acting as an agent for the counterpart's;
8) Execute the Client’s Instructions in Securities the issue or offer for sale of which was underwritten, managed or arranged by the Company or a related party during the preceding twelve months or earlier;
9) Be remunerated for acting as an agent for the counterpart’s to the Transaction as well as for acting as agent for the Client; or
10) Execute any Transaction relating to Securities as to which the Company or one of its related parties has a long or short position in.
ﺢﻟﺎﺼﻤﻟا ịرﺎﻀﺗ.20
ựـﺟﻮﻤـﺑ تﺎـﻣﺪـﺨﻟا ءادأ وأ تﺎﻘﻔﺼـﻟا ﺬﻴﻔﻨـﺗ ﻞﻴﺒـﺳ ﻲـﻓ ﻪـﻧأ ﻰﻠـﻋ ﻖـﻓاﻮـﻳو ﻞﻴﻤﻌـﻟا ﺮﻘـﻳ 20.1 ﻼﻣـﺎﺷ ( ﺎﻬـﺑ ﺔﻄﺒـﺗﺮﻤـﻟا تﺂﺸﻨﻤـﻟاو صﺎﺨـﺷﻼـﻟو ﺔـﻛﺮـﺸﻠﻟ نﻮﻜـﻳ نأ زﻮﺠـﻳ ،ﺔﻴـﻗﺎﻔـﺗﻻا هﺬـﻫ ﻦــــﻳﺮــــﺧﻻا ءﻼﻤﻌــــﻟاو ﺔﻌــــﺑﺎﺘــــﻟا تﺎــــﻛﺮــــﺸﻟا ،ﺔﻴــــﻋﺮﻔــــﻟا تﺎــــﻛﺮــــﺸﻟا ،عوﺮﻔــــﻟا ،ﺪــــﻳﺪــــﺤﺗ نود ﻦﻴـﺑ برﺎﻀـﺗ ﻞﻜﺸـﻳ نأ ﻞﻤﺘﺤـﻳ وأ ﻞﻜﺸـﻳ رﺎﻤﺜﺘـﺳا وأ ﺔﻘﻔـﺻ ﻲـﻓ ﺔـﻳﺮـﻫﻮـﺟ ﺔﺤﻠﺼـﻣ )ﺔـﻛﺮـﺸﻠﻟ
.ﻞﻴﻤﻌﻟا ﺢﻟﺎﺼﻣو ﺔﻛﺮﺸﻟا ﺢﻟﺎﺼﻣ
:ﻲﺗﻻا ﻲﻓ ﻖﺤﻟا ﺮﺧآ ﻰﻟإ ﺖﻗو ﻦﻣ ﺔﻛﺮﺸﻠﻟ نإ مﺪﻘﺗ ﺎﻤﻟ ﺪﻴﻴﻘﺗ نوﺪﺑ 20.2
بﺎﺴﺤــﻟ ﺔــﻋﺎﺒﻤــﻟا وأ ﺔــﻳﺮﺘــﺸﻤﻟا وأ ﺔﻴﻨﺘﻘﻤــﻟا ﺔﻴــﻟﺎﻤــﻟا قاروﻻا ﻲــﻓ ﺰــﻛﺮــﻣ ﺎﻬــﻟ نﻮﻜــﻳ نأ ( 1
.ﻞﻴﻤﻌﻟا
.ﻦﻳﺮﺧﻻا ﺎﻬﺋﻼﻤﻌﻟ ﺔﻴﻟﺎﻤﻟا قاروﻻا ﻚﻠﺗ ﻊﻴﺑ وأ ءاﺮﺷ ( 2
ﻚﻠـﺗ ﻊﻴـﺑ وأ ﺔﻴـﻟﺎﻤـﻟا ﺎﻬـﻗاروﺄـﺑ ظﺎﻔﺘـﺣﻻا ﻢﺘـﻳ ﻲﺘـﻟا تﺎـﻛﺮـﺸﻟا ﻊـﻣ ﺔـﻗﻼـﻋ ﺎﻬـﻟ نﻮﻜـﻳ نأ ( 3
.ﻞﻴﻤﻌﻟا ﺢﻟﺎﺼﻟ ﺎﻬﺋاﺮﺷ وأ قاروﻻا
.ﺔﻛﺮﺸﻟا ﻦﻋ رﺪﺼﺘﺳ ﻲﺘﻟا وأ ةردﺎﺼﻟا ﺔﻴﻟﺎﻤﻟا قاروﻻا ﻞﻴﻤﻌﻠﻟ ﻊﻴﺒﺗ نأ ( 4
تاذ فاﺮـﻃﻻا ﻦـﻣ ﺮﺜـﻛأ وأ ﺪـﺣﻻ وأ ﺎﻬﻴـﻓ ﺔـﻛﺮـﺸﻠﻟ نﻮﻜـﺗ ﻞﻴﻤﻌـﻟا ﺢـﻟﺎﺼـﻟ تﺎﻘﻔـﺻ ﺬﻴﻔﻨـﺗ ( 5 تﺎﻘﻔﺼــﻟا وأ ،ﺔــﻳﺮــﻫﻮــﺟ ﺔﺤﻠﺼــﻣ يأ ةﺮــﺷﺎﺒــﻣ ﺮﻴــﻏ وأ ةﺮــﺷﺎﺒــﻣ ﺔﻘــﻳﺮﻄــﺑ ءاﻮــﺳ ﺎﻬــﺑ ﺔــﻗﻼﻌــﻟا ﺔـﻗﻼـﻋ ﺔـﻗﻼﻌـﻟا يذ فﺮﻄﻠـﻟ نﻮﻜـﻳ وأ ،ﺎﻬﻴـﻓ ﻞﻴـﺻﺄـﻛ ﺔـﻗﻼـﻋ وذ فﺮـﻃ ﺎـﻫﺬﻴﻔﻨﺘـﺑ مﻮﻘـﻳ ﻲﺘـﻟا هﺎﺠـﺗ ﺔـﻛﺮـﺸﻟا ựـﺟاو ﻊـﻣ ﺎـﺑرﺎﻀـﺗ ﻦﻴﺘـﻟﺎﺤـﻟا ﻦـﻣ يأ ﻲـﻓ ﻦﻤﻀﺘـﺗ ﻲﺘـﻟاو ،ﺮـﺧآ فﺮـﻃ ﻊـﻣ ﺎﻬﻴـﻓ
.ﻞﻴﻤﻌﻟا
xxxxxxx وأ صﺎﺨـﻟا ﺎﻬـﺑﺎﺴﺤـﻟ ﻞﻴـﺻﺄـﻛ ءاﻮـﺳ ﻪـﻟ ﺎﻬﻌﻴـﺑ وأ ﻞﻴﻤﻌـﻟا ﻦـﻣ ﺔﻴـﻟﺎـﻣ ﺔـﻗرو ءاﺮـﺷ ( 6
.ﺔﻛﺮﺸﻟﺎﺑ ﺔﻗﻼﻋ يذ فﺮﻄﻟ
ﺔـﻗﻼـﻋ يذ فﺮـﻃ وأ ﺔـﻛﺮـﺸﻟا ﺎﻬﻴـﻓ ﻞﻤﻌـﺗ ﺔﻘﻔﺼـﻟ ﺔﺒـﺴﻨﻟﺎـﺑ ،ﻞﻴﻤﻌﻠـﻟ xxxxxxx ﻞﻤﻌـﻟا ( 7
ﺎﻀﻳأ ﺮﻴﻈﻧ فﺮﻄﻟ ﻼﻴﻛو
تاذ فاﺮـﻃﻻا ﺪـﺣأ وأ ﺔـﻛﺮـﺸﻟا ﺎﻬﻴـﻓ ﺖـﻣﺎـﻗ ﺔﻴـﻟﺎـﻣ قاروأ ﻲـﻓ ﻞﻴﻤﻌـﻟا تﺎﻤﻴﻠﻌـﺗ ﺬﻴﻔﻨـﺗ ( 8
ً اﺮــﻬﺷ ﺮــﺸﻋ ﻲﻨــﺛﻻا لﻼــﺧ .ﺎــﻫراﺪــﺻﻻ ựﻴــﺗﺮﺘــﻟا وأ ،ﺎﻬــﺗرادإ وأ ﺎﻬﺘﻴﻄﻐﺘــﺑ ﺪــﻬﻌﺘﻟﺎــﺑ ﺔــﻗﻼﻌــﻟا
ﺎﻬﻠﺒﻗ وأ ﺔﻴﺿﺎﻤﻟا
ﻚــﻟﺬــﻛو ﺔﻘﻔﺼــﻟا ﻲــﻓ ﺮﻴﻈﻨــﻟا فﺮﻄﻠــﻟ xxxxxxxxx ﻞﻤﻌــﻟا ءﺎﻘــﻟ بﺎﻌــﺗأ ﻰﻠــﻋ ﻞﺼﺤــﺗ نأ ( 9
.ﻞﻴﻤﻌﻠﻟ xxxxx ﻞﻤﻌﻟا ﻞﺑﺎﻘﻣ
ﺰـﻛﺮـﻣ ﺎﻬﻴـﻓ ﺔـﻗﻼـﻋ يذ فﺮـﻃ وأ ﺔـﻛﺮـﺸﻠﻟ نﻮﻜـﻳ ﺔﻴـﻟﺎـﻣ ﺔـﻗرﻮـﺑ ﻖﻠﻌﺘـﺗ ﺔﻘﻔـﺻ يأ ﺬﻴﻔﻨـﺗ (10
فﻮﺸﻜﻣ وأ ﻰﻄﻐﻣ يرﺎﻤﺜﺘﺳا
20.3 The Company may provide advice and other services to third parties whose interests may be in conflict or competition with the Client’s interest. The Company will not deliberately favour any person over the Client, but will not be responsible for any loss which may result from such competition. The Client agrees that such interests, Transactions or any other benefits may give rise to a conflict of interest and need not be disclosed by the Company to the Client.
وأ ضرﺎﻌﺘــﺗ ﺪــﻗ ىﺮــﺧأ فاﺮــﻃﻻ ىﺮــﺧأ تﺎــﻣﺪــﺧو ةرﻮﺸﻤــﻟا ﻢــﻳﺪﻘــﺗ ﺔــﻛﺮــﺸﻠﻟ زﻮﺠــﻳ 20.3 ﺺﺨـﺷ يأ ﻞﻴﻀﻔـﺗ مﺪـﻋ ﺔـﻛﺮـﺸﻟا ﻲـﻋاﺮـﺗ فﻮـﺳو .ﻞﻴﻤﻌـﻟا ﺢـﻟﺎﺼـﻣ ﻊـﻣ ﻢﻬﺤـﻟﺎﺼـﻣ ﺲـﻓﺎﻨﺘـﺗ ﻚﻠــﺗ ﻦــﻋ ﺞﺘﻨــﺗ ﺪــﻗ ةرﺎﺴــﺧ ﺔــﻳأ ﻦــﻋ ﺔــﻟوﺆﺴــﻣ نﻮﻜــﺗ ﻦــﻟ ﺎﻬﻨﻜــﻟو ﺪﺼــﻗ ﻦــﻋ ﻞﻴﻤﻌــﻟا ﻰﻠــﻋ ﺪـﻗ ىﺮـﺧأ ﺢـﻟﺎﺼـﻣ ﺔـﻳأ وأ تﺎﻘﻔﺼـﻟا وأ ﺔﺤﻠﺼﻤـﻟا ﻚﻠـﺗ نأ ﻰﻠـﻋ ﻞﻴﻤﻌـﻟا ﻖـﻓاﻮـﻳو .ﺔﺴـﻓﺎﻨﻤـﻟا
.ﻞﻴﻤﻌﻠﻟ ﺎﻬﻨﻋ حﺎﺼﻓﻻا ﻰﻟإ جﺎﺘﺤﺗ ﻻ ﺔﻛﺮﺸﻟا نأو ﺢﻟﺎﺼﻤﻟا ﻲﻓ ﺎﺑرﺎﻀﺗ ﺊﺸﻨﺗ
21.Investment Information and Advice
21.1 The Company may from time to time make available to its clients generally investment-related information, research, advice and recommendations, but the Company shall be under no obligation to do so.
21.3 The Client acknowledges knowing that all information, research, advice, or recommendations provided by the Company to clients are prepared from and based upon sources that the Company believes to be reliable, but the accuracy of such sources and the accuracy of the Company’s inferences and conclusions drawn therefrom cannot be guaranteed. In addition, any statements made by the Company reflect only the Company’s information and judgment at the date given and the Company undertakes no obligation to update earlier information or advice. Moreover, information or advice provided to the Client might not take account of research which is being carried out for the Company, its affiliated companies, market makers or anything that may assist its or their own trading activities, and might not be provided at the same time as it is made available within the Company or to other parties. The Client further acknowledges that all general advice might not take account of the particular goals and circumstances of the Client. Accordingly, the Company will bear no responsibility or liability whatsoever under this Agreement for any information, advice, recommendations or research provided to the Client. The Client therefore acknowledges that it shall conduct its own investigation and analysis of any such information, before taking any investment decision in reliance thereon.
21.3 Publications and reports containing investment information, research advice and recommendations are issued by the Company for private distribution to its clients and may not be reproduced, distributed or published by the Client for any purpose, except with the Company’s written consent.
ﺔﻳرﺎﻤﺜﺘﺳﻻا تارﺎﺸﺘﺳﻻاو تﺎﻣﻮﻠﻌﻤﻟا .21
تﺎــﻣﻮﻠﻌــﻣ ،ﺔــﻣﺎــﻋ ﺔﻔﺼــﺑ ﺎﻬــﺋﻼﻤﻌــﻟ ﺮــﻓﻮــﺗ نأ ﺮــﺧآ ﻰــﻟإ ﺖــﻗو ﻦــﻣ ﺔــﻛﺮــﺸﻠﻟ زﻮﺠــﻳ 21.1
ﻚﻟﺬﺑ ماﺰﺘﻟا يأ نود ﻦﻜﻟو ،رﺎﻤﺜﺘﺳﻻﺎﺑ ﻖﻠﻌﺘﺗ تﺎﻴﺻﻮﺗو تارﺎﺸﺘﺳاو ثﺎﺤﺑأو
ﻲﺘـﻟا تﺎﻴـﺻﻮﺘـﻟا وأ ،تارﺎﺸﺘـﺳﻻاو ثﺎﺤـﺑﻻاو تﺎـﻣﻮﻠﻌﻤـﻟا ﻞـﻛ نﺄـﺑ ﻢﻠﻌـﻟﺎـﺑ ﻞﻴﻤﻌـﻟا ﺮﻘـﻳ 21.2 ﻻ ـﻪﻧأ ﻻإ ،ـﺔﻗـﻮﺛـﻮﻣ ﺎـﻬﻧأ ـﺔﻛـﺮﺸﻟا ﺪﻘﺘـﻌﺗ ردﺎـﺼﻣ ـﻦﻣ ةﺪـﻌﻣ ءﻼﻤﻌﻟا ـﻰﻟإ ـﺔﻛـﺮﺸﻟا ﺎـﻬﻣﺪـﻘﺗ ﻚـﻟﺬـﻛو ،ﺎﻬﻨـﻣ ﻪﺼﻠﺨﺘـﺴﺗ وأ ﺔـﻛﺮـﺸﻟا ﻪﺠﺘﻨﺘـﺴﺗ ﺎـﻣ ﺔـﻗدو ردﺎﺼﻤـﻟا ﻚﻠـﺗ ﺔـﻗد نﺎﻤـﺿ ﻦﻜﻤـﻳ ﺦـﻳرﺎﺘـﻟا ﻚـﻟذ ﻲـﻓ ةﺮـﻓﻮﺘﻤـﻟا تﺎـﻣﻮﻠﻌﻤـﻟا ﻂﻘـﻓ ﻲﻄﻌـﺗ ﺔـﻛﺮـﺸﻟا ﺎﻬـﻣﺪﻘـﺗ ﻲﺘـﻟا تﺎـﻧﺎﻴﺒـﻟا نأ تﺎـﻣﻮﻠﻌﻤـﻟا نأ ﻦـﻋ ﻼﻀـﻓ ،ﺔﻘـﺑﺎـﺳ ةرﺎﺸﺘـﺳا وأ تﺎـﻣﻮﻠﻌـﻣ ﺔـﻳأ ﺚـﻳﺪـﺤﺘﺑ ﺔـﻛﺮـﺸﻟا مﺰﺘﻠـﺗ ﻻو وأ ﺔــﻛﺮــﺸﻠﻟ ةﺪﻌﻤــﻟا ثﺎﺤــﺑﻻا رﺎﺒﺘــﻋﻻا ﻲــﻓ ﺬــﺧﺄــﺗ ﻻ ﺪــﻗ ﻞﻴﻤﻌﻠــﻟ ﺔــﻣﺪﻘﻤــﻟا ةرﻮﺸﻤــﻟا وأ
،ﺎﻬـﺑ صﺎﺨـﻟا لواﺪﺘـﻟا لﺎﻤـﻋأ ﻲـﻓ ﺎـﻫﺪـﻋﺎﺴـﻳ ﺎـﻣ وأ قﻮﺴـﻟا ﻲﻌـﻧﺎﺼـﻟ وأ ﺔﻌـﺑﺎﺘـﻟا تﺎـﻛﺮـﺸﻠﻟ وأ ىﺮـﺧﻻا فاﺮـﻃﻼـﻟ وأ ﺔـﻛﺮـﺸﻟا ﻦﻤـﺿ ﻪﻴـﻓ ﺮـﻓﻮﺘـﺗ يﺬـﻟا ﺖـﻗﻮـﻟا ﻲـﻓ مﺪﻘـﺗ ﻻ ﺪـﻗ ﻚـﻟﺬـﻛو رﺎﺒﺘـﻋﻻا ﻲـﻓ ﺬـﺧﺄـﺗ ﻻ ﺪـﻗ ﺔـﻣﺎﻌـﻟا تارﺎﺸﺘـﺳﻻا نﺄـﺑ ﻞﻴﻤﻌـﻟا ﺮﻘـﻳو .ﺖـﻗﻮـﻟا ﻚـﻟذ ﺲﻔـﻧ ﻲـﻓ ﺔﻴــﻟوﺆﺴــﻣ ﺔــﻳأ ﻞﻤــﺤﺘﺗ ﻻ ﺔــﻛﺮــﺸﻟا نﺈــﻓ ،ﻪﻴﻠــﻋو .ﻞﻴﻤﻌﻠــﻟ ﺔــﺻﺎﺨــﻟا فوﺮﻈــﻟاو فاﺪــﻫﻻا وأ ةرﺎﺸﺘـﺳا وأ تﺎـﻣﻮﻠﻌـﻣ يأ ﻦـﻋ ﺔﻴـﻗﺎﻔـﺗﻻا هﺬـﻫ ựـﺟﻮﻤـﺑ ﺖـﻧﺎـﻛ ﺎﻤﻬـﻣ ﺔﻴـﻟﺎـﻣ وأ ﺔﻴـﻧﻮـﻧﺎـﻗ ﻚﻠـــﺗ ﺔـــﺳارﺪـــﺑ ﻪﺴﻔﻨـــﺑ مﻮﻘﻴـــﺳ ﻪـــﻧﺄـــﺑ ﻞﻴﻤﻌـــﻟا ﺮﻘـــﻳو .ﻞﻴﻤﻌﻠـــﻟ مﺪﻘـــﺗ ثﺎﺤـــﺑأ وأ تﺎﻴـــﺻﻮـــﺗ ﺎﻬﻴﻠﻋ اﺪﻤﺘﻌﻣ يرﺎﻤﺜﺘﺳا راﺮﻗ يأ ذﺎﺨﺗا ﻞﺒﻗ ﺎﻬﻠﻴﻠﺤﺗو تﺎﻣﻮﻠﻌﻤﻟا
تارﺎﺸﺘـــﺳاو ثﺎﺤـــﺑأو تﺎـــﻣﻮﻠﻌـــﻣ ﻰﻠـــﻋ يﻮﺘﺤـــﺗ ﻲﺘـــﻟا ﺮـــﻳرﺎﻘﺘـــﻟاو تاﺮـــﺸﻨﻟا رﺪﺼـــﺗ 21.3
زﻮﺠـﻳ ﻻو ﺎﻬـﺋﻼﻤـﻋ ﻰﻠـﻋ صﺎﺨـﻟا ﻊـﻳزﻮﺘﻠـﻟ ﺔـﻛﺮـﺸﻟا ﻞﺒـﻗ ﻦـﻣ رﺎﻤﺜﺘـﺳﻻا لﺎﺠـﻣ ﻲـﻓ تﺎﻴـﺻﻮـﺗو
.ﺔﻛﺮﺸﻟا ﻦﻣ ﻲﺑﺎﺘﻛ نذﺈﺑ ﻻإ ،نﺎﻛ ضﺮﻏ يﻷ ﺎﻬﻌﻳزﻮﺗ وأ ﺎﻫﺮﺸﻧ وأ ﺎﻬﺨﺴﻧ ةدﺎﻋإ ﻞﻴﻤﻌﻠﻟ
22.Risk Disclosure and Restrictions with Respect to Brokerage Activities
22.1 The Client confirms and acknowledges that:
1. The Client shall be responsible for independently considering and receiving advice to understand the risks inherent in investing or trading in local and non-Saudi Securities which it intends to trade in.
2. Securities which may form the subject of this Agreement, in whole or in part, are not guaranteed or insured, and that any such Securities are subject to loss, including the loss of the original value, due to the vagaries of the financial market or markets in which they are traded. Accordingly, the value of the Client’s Investment Account with the Company may decline or appreciate. The Client hereby agrees that the Company shall not be held liable for any depreciation in the value of its investment Portfolio with the Company that may be caused by market conditions or for loss of opportunity whereby the value of an asset in the Investment Account generally could have been increased, or any other loss or decline resulting from any act or omission in the performance of its duties hereunder.
3. Securities may be subject to restrictions as to maturity, exit, sale, redemption, liquidity, conversion and valuation.
4. All foreign currency exchange risk arising from any Transaction or from the compliance by the Company with its obligation or the exercise by it of its rights under this Agreement shall be borne by the Client.
ﺔﻃﺎﺳﻮﻟا تﺎﻣﺪﺨﺑ ﻖﻠﻌﺘﻳ ﺎﻤﻴﻓ دﻮﻴﻘﻟاو ﺮﻃﺎﺨﻤﻟا ﻦﻋ حﺎﺼﻓﻹا . 22
:نﺎﺑ ﺮﻘﻳو ﻞﻴﻤﻌﻟا ﺪﻛﺆﻳ 22.1
ةرﻮﺸﻤــﻟا ﺬــﺧأو ،ﺔﻨــﻣﺎﻜــﻟا ﺮــﻃﺎﺨﻤــﻟا ﻲــﻓ ﻞﻘﺘــﺴﻣ ﻞﻜﺸــﺑ ﺮﻈﻨــﻟا ﻦــﻋ لوﺆﺴــﻣ ﻞﻴﻤﻌــﻟا ( 1
ﺔــﻳدﻮﻌﺴــﻟا ﺮﻴــﻏو ﺔﻴﻠــﺤﻤﻟا ﺔﻴــﻟﺎﻤــﻟا قاروﻻا ﻲــﻓ لواﺪﺘــﻟا وأ رﺎﻤﺜﺘــﺳﻻا ﻲــﻓ ،ﺎﻬﻤﻬــﻓ نﺄﺸــﺑ
.ﺎﻬﻴﻓ ﻞﻣﺎﻌﺘﻟا يﻮﻨﻳ ﻲﺘﻟا
ﺎﻬﻴﻠــﻋ ﺲﻴــﻟ ﺎﻴــﺋﺰــﺟ وأ ﺎﻴﻠــﻛ ﺔﻴــﻗﺎﻔــﺗﻻا هﺬــﻫ عﻮــﺿﻮــﻣ ﻞﻜﺸــﺗ ﺪــﻗ ﻲﺘــﻟا ﺔﻴــﻟﺎﻤــﻟا قاروﻻا ( 2
ةرﺎﺴـﺧ ﻚـﻟذ ﻲـﻓ ﺎﻤـﺑ ؛ةرﺎﺴﺨﻠـﻟ ﺔـﺿﺮـﻋ ﺔﻴـﻟﺎﻤـﻟا قاروﻻا هﺬـﻫ ﻦـﻣ ﺎـﻳأ نأو ﻦﻴـﻣﺄـﺗ وأ نﺎﻤـﺿ
.ﺎﻬﻴــﻓ ﺎﻬــﻟواﺪــﺗ ﻢﺘــﻳ ﻲﺘــﻟا ﺔﻴــﻟﺎﻤــﻟا قاﻮــﺳﻻا وأ قﻮﺴــﻟا تﺎﺒﻠﻘــﺗ ựﺒــﺴﺑ ﻲﻠــﺻﻻا ﻎﻠﺒﻤــﻟا ﻞﻴﻤﻌـﻟا ﻖـﻓاﻮـﻳو ﻊﻔـﺗﺮـﺗ وأ ﺾﻔﺨﻨـﺗ ﺪـﻗ ﺔـﻛﺮـﺸﻟا ىﺪـﻟ ﻞﻴﻤﻌـﻟا ﺔﻈﻔﺤـﻣ ﺔﻤﻴـﻗ نﺈـﻓ ،ﻪﻴﻠـﻋو ﺔــﻳرﺎﻤﺜﺘــﺳﻻا ﻪﺘﻈﻔﺤــﻣ ﻲــﻓ ضﺎﻔﺨــﻧا يأ ﻦــﻋ ﺔــﻟوﺆﺴــﻣ نﻮﻜــﺗ ﻦــﻟ ﺔــﻛﺮــﺸﻟا نأ ﻰﻠــﻋ اﺬــﻬﺑ ﻰــﻟإ ﺎــﻣﻮﻤــﻋ يدﺆﺘــﺳ ﺖــﻧﺎــﻛ ﺔــﺻﺮــﻓ ناﺪﻘــﻓ وأ قﻮﺴــﻟا عﺎــﺿوأ ựﺒــﺴﺑ ﺎﻬــﻳﺪــﻟ ةدﻮــﺟﻮﻤــﻟا ﺮــﺧآ ضﺎﻔﺨــﻧا وأ ةرﺎﺴــﺧ ﺔــﻳأ ﻦــﻋ وأ ،ﺔﻈﻔﺤﻤــﻟا ﻲــﻓ ةدﻮــﺟﻮﻤــﻟا لﻮــﺻﻻا ﺪــﺣأ ﺔﻤﻴــﻗ ةدﺎــﻳز
.ﺔﻴﻗﺎﻔﺗﻻا هﺬﻫ ựﺟﻮﻤﺑ ﻞﻌﻓ ءادأ ﻦﻋ عﺎﻨﺘﻣا وأ ﻞﻌﻓ يأ ﻦﻋ ﺞﺘﻨﻳ
ﻊﻴﺒــــﻟاو جوﺮــــﺨﻟاو قﺎﻘﺤﺘــــﺳﻻا ةﺮﺘﻔــــﺑ ﻖﻠﻌﺘــــﺗ دﻮﻴﻘــــﻟ ﻊﻀﺨــــﺗ ﺪــــﻗ ﺔﻴــــﻟﺎﻤــــﻟا قاروﻻا ( 3
ﻢﻴﻴﻘﺘﻟاو ﻞﻳﻮﺤﺘﻟاو ﺔﻟﻮﻴﺴﻟاو دادﺮﺘﺳﻻاو
ﺔـﻛﺮـﺸﻟا ﺎـﻫﺬﻔﻨـﺗ ﺔﻘﻔـﺻ يأ ﻦـﻋ ﺔﺠـﺗﺎﻨـﻟا ﻲﺒﻨـﺟﻻا فﺮﺼـﻟا ﺮـﻃﺎﺨـﻣ ﻊﻴﻤـﺟ ﻞﻴﻤﻌـﻟا ﻞﻤـﺤﺘﻳ ( 4
.ﺔﻴﻗﺎﻔﺗﻻا هﺬﻫ ựﺟﻮﻤﺑ ﺎﻬﻗﻮﻘﺤﻟ ﺎﻬﺘﺳرﺎﻤﻣ ﻦﻋ وأ ﺎﻬﻣاﺰﺘﻟﺎﺑ ﺔﻛﺮﺸﻟا ﺪﻴﻘﺗ ﻦﻋ وأ
22.2 Future Contracts
22.2.1 Trading in future contracts entails entering into an agreement to receive or deliver an instrument at a future date. In some cases, however, positions are settled in cash. Such Transactions in futures carry a high degree of risk. The small amount of initial margin relative to the value of the futures contract means that a small up-front investment can lead to large losses or profits. In most cases, the amount of initial margin is small relative to the value of the futures contract so that Transactions are highly ‘leveraged’. A relatively small market movement shall have a proportionately larger impact on the funds the Client has deposited or shall have to deposit. This may work against the Client as well as for the Client. The Client may sustain a total loss of initial margin funds and any additional funds deposited with the Company to maintain its position.
22.2.2 If the market moves against the Client’s position or margin levels are increased, the Client may be requested to pay substantial additional funds on short notice to maintain its position. If the Client fails to comply with a request for additional funds within the time prescribed, its position may be liquidated at a loss and it shall be liable for any resulting deficit. Future contracts may involve potential obligations. The Client must be aware of the ensuing consequences.
22.3 Option Contracts
Buying options carries less risk than selling them because if the price moves against the Client’s position, the Client could simply let the contract expire. Total loss would thus be limited to the premium cost, in addition to commission or any other additional costs and fees associated with the Transaction. Buyers may thus choose to settle the options contracts or allow them to expire.
Selling an option generally entails considerably greater risk than purchasing options. Although the premium received by the seller is fixed, the seller may sustain a loss well in excess of that amount. The seller shall be liable for additional margin to maintain the position, if the market moves against its position. The seller shall also be exposed to the risk of the purchaser exercising the option and the seller shall be obligated to either settle the option in cash or to acquire or deliver the underlying instrument. If the option is on a future, the seller shall acquire a position in a future with associated liabilities for margin )see the section on Futures Contracts above(. If the position is covered by the seller holding a corresponding position in the underlying instrument or a future or another option, the risk may be reduced. If the option is not covered, the risk of loss can be unlimited.
22.4 Contingent Liability Transactions
Contingent liability Transactions made on margin require that a series of payments be made towards the purchase price, instead of paying the whole price at once. If the Client deals in futures Contracts for Differences (CFD’s)or sells options contracts, it may sustain a total loss of initial margin funds and any additional funds deposited with the Company to maintain the Client’s position. If the market moves against its position, the Client may be called upon to pay substantial additional funds on short notice to maintain its position. If the Client fails to comply with a request for additional funds within the time prescribed, its position may be liquidated at a loss and it shall be liable for any resulting deficit. Additional payment obligation may still ensue under certain conditions; these would come in addition to any monies paid when the contract was entered into.
ﺔﻴﻠﺒﻘﺘﺴﻤﻟا دﻮﻘﻌﻟا 22.2
ﻢﻴﻠـﺴﺗ وأ مﻼﺘـﺳﻻ ﺔﻴـﻗﺎﻔـﺗا ماﺮـﺑإ ﻰﻠـﻋ ﺔﻴﻠﺒﻘﺘـﺴﻤﻟا دﻮﻘﻌـﻟا ﻲـﻓ لواﺪﺘـﻟا يﻮﻄﻨـﻳ 22.2.1 ﻞﻤﺘـﺸﺗو . ً اﺪﻘـﻧ ﺔﻴـﻟﺎﻤـﻟا ﺰـﻛاﺮﻤـﻟا ﺔـﻳﻮﺴـﺗ ﻢﺘـﺗ ،تﻻﺎﺤـﻟا ﺾﻌـﺑ ﻲـﻓ ﻦﻜـﻟ .ﻖـﺣﻻ ﺦـﻳرﺎـﺗ ﻲـﻓ ةادأ ﻎﻠﺒﻤــﻟا ﻲﻨﻌــﻳو .ﺮــﻃﺎﺨﻤــﻟا ﻦــﻣ ﺔﻴــﻟﺎــﻋ ﺔــﺟرد ﻰﻠــﻋ ﺔﻴﻠﺒﻘﺘــﺴﻤﻟا دﻮﻘﻌــﻟا ﻲــﻓ تﺎﻘﻔﺼــﻟا هﺬــﻫ ﺮﻴﻐﺼــﻟا رﺎﻤﺜﺘــﺳﻻا نأ ﻲﻠﺒﻘﺘــﺴﻤﻟا ﺪﻘﻌــﻟا ﺔﻤﻴﻘــﺑ ﻖﻠﻌﺘﻤــﻟا ﻲــﺋﺪﺒﻤــﻟا ﺶــﻣﺎﻬــﻟا ﻦــﻣ ﺮﻴﻐﺼــﻟا ﺶـﻣﺎﻬـﻟا ﻎﻠﺒـﻣ نﻮﻜـﻳ ،تﻻﺎﺤـﻟا ﻢﻈﻌـﻣ ﻲـﻓو .ةﺮﻴﺒـﻛ حﺎـﺑرأ وأ ﺮـﺋﺎﺴـﺧ ﻰـﻟإ يدﺆـﻳ ﺪـﻗ ﻖﺒـﺴﻤﻟا تاذ” تﺎﻘﻔﺼـــﻟا نﻮﻜـــﺗ ﺚﻴﺤـــﺑ ﻲﻠﺒﻘﺘـــﺴﻤﻟا ﺪﻘﻌـــﻟا ﺔﻤﻴـــﻗ ﻰـــﻟإ ﺔﺒـــﺴﻨﻟﺎـــﺑ ً اﺮﻴﻐـــﺻ ﻲـــﺋﺪﺒﻤـــﻟا ﻰﻠــﻋ ﺮﻴﺒــﻛ ﻞﻜﺸــﺑ قﻮﺴــﻟا ﻲــﻓ ً ﺎﻴﺒــﺴﻧ ﺔﻴــﻧﺪﺘــﻣ ﺔــﻛﺮــﺣ ﺮــﺛﺆــﺗ ﺎﻤــﻛ .“ةﺮﻴﺒــﻛ ﺪــﺋاﻮــﻓ وأ ﺮــﻃﺎﺨــﻣ ﻲــﻓ ﻚــﻟذ ựﺼــﻳ ﻻ وأ ựﺼــﻳ ﺪــﻗو .ﺎﻬــﻋاﺪــﻳإ ﻪﻴﻠــﻋ ﻦﻴﻌﺘــﻳ وأ ﻞﻴﻤﻌــﻟا ﺎﻬــﻋدوأ ﻲﺘــﻟا لاﻮــﻣﻻا ﻲــﺋﺪﺒﻤــﻟا ﺶــﻣﺎﻬــﻟا لاﻮــﻣﻻ ﺔﻴــﻟﺎﻤــﺟإ ةرﺎﺴــﺧ ﻞﻴﻤﻌــﻟا ﻞﻤــﺤﺘﻳ نأ زﻮﺠــﻳ ﺎﻤــﻛ .ﻞﻴﻤﻌــﻟا ﺔﺤﻠﺼــﻣ
.هﺰﻛﺮﻣ ﻰﻠﻋ ظﺎﻔﺤﻠﻟ ﺔﻛﺮﺸﻟا ىﺪﻟ ﺔﻋدﻮﻣ ﺔﻴﻓﺎﺿإ لاﻮﻣأ يأو
نأ زﻮﺠـﻳ ،ﺶـﻣﺎﻬـﻟا تﺎـﻳﻮﺘـﺴﻣ ﺖﻌﻔـﺗرا وأ ﻞﻴﻤﻌـﻟا ﺰـﻛﺮـﻣ ﺲﻜﻌـﺑ قﻮﺴـﻟا كﺮـﺤﺗ اذإ 22.2.2 اذإو .هﺰـﻛﺮـﻣ ﻰﻠـﻋ ظﺎﻔﺤﻠـﻟ ةﺮﻴﺼـﻗ ﺔﻠـﻬﻣ ﻲـﻓ ﺔـﻳروﺮـﺿ ﺔﻴـﻓﺎـﺿإ لاﻮـﻣأ ﻊـﻓد ﻞﻴﻤﻌـﻟا ﻦـﻣ ựﻠﻄـﻳ ﺔﻴﻔﺼــﺗ زﻮﺠــﻳ ،دﺪــﺤﻤﻟا ﺖــﻗﻮــﻟا لﻼــﺧ ﺔﻴــﻓﺎــﺿإ لاﻮــﻣأ ựﻠﻄــﻟ لﺎﺜﺘــﻣﻻا ﻦــﻋ ﻞﻴﻤﻌــﻟا ﻒﻠــﺨﺗ دﻮﻘﻌـﻟا ﻞﻤﺘـﺸﺗ ﺪـﻗو .ﺞـﺗﺎـﻧ ﺰـﺠﻋ يأ ﻦـﻋ ﺔﻴـﻟوﺆﺴﻤـﻟا ﻚـﻟﺬـﺑ ﻞﻤـﺤﺘﻳو ةرﺎﺴﺨـﺑ ﻲـﻟﺎﻤـﻟا هﺰـﻛﺮـﻣ
.ﻚﻟذ ﺞﺋﺎﺘﻧ ﻰﻠﻋ ﻊﻠﻄﻳ نأ ﻞﻴﻤﻌﻟا ựﺟاو ﻦﻣو تﺎﻣاﺰﺘﻟﻻا ﺾﻌﺑ ﻰﻠﻋ ﺔﻴﻠﺒﻘﺘﺴﻤﻟا
تارﺎﻴﺨﻟا دﻮﻘﻋ 22.3
ﻪـﻧﻷ ،ﺎﻬﻌﻴـﺑ ﺎﻬﻴﻠـﻋ ﻞﻤﺘـﺸﻳ ﻲﺘـﻟا ﺮـﻃﺎﺨﻤـﻟا ﻦـﻣ ﻞـﻗأ ﺮـﻃﺎﺨـﻣ ﻰﻠـﻋ تارﺎﻴﺨـﻟا دﻮﻘـﻋ ءاﺮـﺷ ﻞﻤﺘـﺸﻳ
،ﻲـﻟﺎﺘـﻟﺎـﺑو .ﺔـﻃﺎﺴﺒـﺑ ﺪﻘﻌـﻟا ءﺎﻬـﻧإ ﺮﻴـﺧﻻا اﺬـﻫ نﺎﻜـﻣﺈﺒـﻓ ،ﻞﻴﻤﻌـﻟا ﺰـﻛﺮـﻣ ﺲﻜﻌـﺑ ﺮﻌﺴـﻟا كﺮـﺤﺗ اذإ ựــﻧﺎــﺟ ﻰــﻟإ ةوﻼﻌــﻟا ﺔﻔﻠﻜــﺗ ﻰﻠــﻋ ﺮﺼﺘﻘــﺗ نأ ﺔــﻟﺎﺤــﻟا هﺬــﻫ ﻲــﻓ ﺔﻴــﻟﺎﻤــﺟﻻا ةرﺎﺴﺨــﻟا نﺄــﺷ ﻦــﻣ وﺮﺘـﺸﻣ ﺪﻤﻌـﻳ نأ زﻮﺠـﻳو .ﺔﻘﻔﺼـﻟﺎـﺑ ﺔﻄﺒـﺗﺮـﻣ ىﺮـﺧأ ﺔﻴـﻓﺎـﺿإ مﻮـﺳرو ﻒﻴـﻟﺎﻜـﺗ يأ وأ ﺔـﻟﻮﻤﻌـﻟا دﻮﻘﻌﻟا هﺬﻫ ءﺎﻬﺘﻧﺎﺑ ﺢﻤﺴﻳ وأ تارﺎﻴﺨﻟا دﻮﻘﻋ ﺬﻴﻔﻨﺗ وأ ﺔﻳﻮﺴﺗ ﻰﻟإ تارﺎﻴﺨﻟا دﻮﻘﻋ
ﺎﻬﻴﻠــﻋ يﻮﻄﻨــﻳ ﻲﺘــﻟا ﺮــﻃﺎﺨﻤــﻟا ﻦــﻣ ﺮﻴﺜﻜــﺑ ﺮﺒــﻛأ ﺮــﻃﺎﺨــﻣ ﻰﻠــﻋ ﺎــﻣﻮﻤــﻋ رﺎﻴــﺧ ﺪﻘــﻋ ﻊﻴــﺑ يﻮﻄﻨــﻳ ﻞﻤـﺤﺘﻳ نأ زﻮﺠـﻳ ﻪـﻧأ ﻻإ ،ﺔﺘـﺑﺎـﺛ ﻊـﺋﺎﺒـﻟا ﺎﻬﻴﻠـﻋ ﻞﺼﺤـﻳ ﻲﺘـﻟا ةوﻼﻌـﻟا نأ ﻦـﻣ ﻢـﻏﺮـﻟا ﻰﻠﻌـﻓ .هؤاﺮـﺷ ﺶـﻣﺎﻬـﻟا ﻦـﻋ ﻻً وﺆﺴـﻣ ﻊـﺋﺎﺒـﻟا نﻮﻜـﻳ ﺎـﻫﺪﻨـﻋو .ةﺮﻴﺒـﻛ ﺔﺒـﺴﻨﺑ ﻎﻠﺒﻤـﻟا اﺬـﻫ زوﺎﺠﺘـﺗ ةرﺎﺴـﺧ ﻊـﺋﺎﺒـﻟا ﻊـﺋﺎﺒـﻟاً ﺎﻀـﻳأ ضﺮﻌﺘـﻳو .هﺰـﻛﺮـﻣ ﺲﻜﻌـﺑ قﻮﺴـﻟا ﺖـﻛﺮـﺤﺗ لﺎـﺣ ﻲـﻓ ﺰـﻛﺮﻤـﻟا ﻰﻠـﻋ ظﺎﻔﺤﻠـﻟ ﻲـﻓﺎـﺿﻻا ﺪﻘﻌـﻟا ﺔـﻳﻮﺴﺘـﺑ ﺎـﻣإ .ً ﺎـﻣﺰﻠـﻣ ﻊـﺋﺎﺒـﻟا xxxxx ﺎﻨـﻫو ،يﺮﺘـﺸﻤﻟا ựـﻧﺎـﺟ ﻦـﻣ رﺎﻴﺨـﻟا ﺪﻘـﻋ ﺬﻴﻔﻨـﺗ ﺮﻄـﺨﻟ ﺪﻘــــﻋ ﻲــــﻓ رﺎﻴﺨــــﻟا نﺎــــﻛ اذإو .ﺎﻬﻤﻴﻠــــﺴﺗ وأ ﺔﻴــــﺳﺎــــﺳﻻا ةادﻻا ﻰﻠــــﻋ ذاﻮﺤﺘــــﺳﻻا وأ اﺪﻘــــﻧ ﻪــﺑ ﺔﻄﺒــﺗﺮﻤــﻟا تﺎــﻣاﺰﺘــﻟﻻا ﻊــﻣ ﻲﻠﺒﻘﺘــﺴﻣ ﺪﻘــﻋ ﻲــﻓ ﺰــﻛﺮــﻣ ﻰﻠــﻋ ﻊــﺋﺎﺒــﻟا ذﻮﺤﺘــﺴﻳ ،ﻲﻠﺒﻘﺘــﺴﻣ ﺔﻴﻄﻐـﺗ ﺖﻤـﺗ اذإو .)هﻼـﻋأ ﺔﻴﻠﺒﻘﺘـﺴﻤﻟا دﻮﻘﻌـﻟﺎـﺑ صﺎﺨـﻟا ﻢﺴﻘـﻟا ﺮﻈـﻧأ( ﺶـﻣﺎﻬـﻟا ﻰـﻟإ ﺔﺒـﺴﻨﻟﺎـﺑ ﺪﻘــﻋ ﻲــﻓ وأ ﺔﻴــﺳﺎــﺳﻻا ةادﻻا ﻲــﻓ ﻼــﺛﺎﻤــﻣ ً اﺰــﻛﺮــﻣ ﻚﻠﻤــﻳ يﺬــﻟا ﻊــﺋﺎﺒــﻟا ﻞﺒــﻗ ﻦــﻣ ﺰــﻛﺮﻤــﻟا نﻮﻜـﻳ ﺪﻘـﻓ ،رﺎﻴﺨـﻟا ﺔﻴﻄﻐـﺗ ﻢﺘـﺗ ﻢـﻟ اذإو .ﺮـﻃﺎﺨﻤـﻟا ﺾﻔـﺧ زﻮﺠـﻳ ،ﺮـﺧآ رﺎﻴـﺧ ﺪﻘـﻋ وأ ً ﻲﻠﺒﻘﺘـﺴﻣ
.دوﺪﺤﻣ ﺮﻴﻏ ةرﺎﺴﺨﻟا ﺮﻄﺧ
طوﺮﺸﻤﻟا ماﺰﺘﻟﻻا تاذ تﺎﻘﻔﺼﻟا 22.4
ﻦـﻣ ﺔﻠﺴﻠـﺳ ﺪـﻳﺪـﺴﺗ ﺶـﻣﺎﻬـﻟا نﺄﺸـﺑ ىﺮـﺠﺗ ﻲﺘـﻟا طوﺮـﺸﻤﻟا ماﺰﺘـﻟﻻا تاذ تﺎﻘﻔﺼـﻟا ﻲـﻋﺪﺘـﺴﺗ اذإو .ةﺪــﺣاو ﺔﻌــﻓد ﻞــﻣﺎﻜــﻟا ﺮﻌﺴــﻟا ﻊــﻓد ﻦــﻣ ﻻً ﺪــﺑ ،ءاﺮــﺸﻟا ﺮﻌــﺳ ﺪــﻳﺪــﺴﺗ هﺎﺠــﺗﺎــﺑ تﺎﻌــﻓﺪــﻟا ﺪﻘــﻓ ،تارﺎﻴﺨــﻟا دﻮﻘــﻋ عﺎــﺑ وأ تﺎــﻗوﺮﻔــﻟا ﻞــﺑﺎﻘــﻣ ﺔﻴﻠﺒﻘﺘــﺴﻤﻟا دﻮﻘﻌــﻟا ﻲــﻓ ﻞﻴﻤﻌــﻟا ﻞــﻣﺎﻌــﺗ ﺔـﻛﺮـﺸﻟا ىﺪـﻟ ﺔـﻋدﻮـﻣ ﺔﻴـﻓﺎـﺿإ لاﻮـﻣأ يأو ﻲـﺋﺪﺒﻤـﻟا ﺶـﻣﺎﻬـﻟا لاﻮـﻣﻷ ﺔﻴـﻟﺎﻤـﺟإ ةرﺎﺴـﺧ ﻞﻤـﺤﺘﻳ ﻞﻴﻤﻌـﻟا ﻦـﻣ ﺎـﺑﻮﻠﻄـﻣ نﻮﻜـﻳ ﺪـﻗ ،هﺰـﻛﺮـﻣ ﺲﻜﻌـﺑ قﻮﺴـﻟا ﺖـﻛﺮـﺤﺗ اذإو .هﺰـﻛﺮـﻣ ﻰﻠـﻋ ظﺎﻔﺤﻠـﻟ ﻦـﻋ ﻞﻴﻤﻌـﻟا ﻒﻠـﺨﺗ اذإو .هﺰـﻛﺮـﻣ ﻰﻠـﻋ ظﺎﻔﺤﻠـﻟ ةﺮﻴﺼـﻗ ﺔﻠـﻬﻣ ﻲـﻓ ﺔـﻳروﺮـﺿ ﺔﻴـﻓﺎـﺿإ لاﻮـﻣأ ﻊـﻓد ﻲــﻟﺎﻤــﻟا هﺰــﻛﺮــﻣ ﺔﻴﻔﺼــﺗ زﻮﺠــﺗ ،دﺪــﺤﻤﻟا ﺖــﻗﻮــﻟا ﻲــﻓ ﺔﻴــﻓﺎــﺿإ لاﻮــﻣأ ﻊــﻓد ựﻠﻄــﻟ لﺎﺜﺘــﻣﻻا ماﺰﺘــﻟا ﻚــﻟذ ﻰﻠــﻋ ً ﺎﻀــﻳأ ựــﺗﺮﺘــﻳ ﺪــﻗ .ﻚــﻟذ ﻦــﻋ ﺞﺘﻨــﻳ ﺰــﺠﻋ يأ ﺔﻴــﻟوﺆﺴــﻣ ﻞﻤــﺤﺘﻳو ةرﺎﺴﺨــﺑ لاﻮـﻣأ يأ ﻰـﻟإ فﺎﻀـﺗ نأ ﻎـﻟﺎﺒﻤـﻟا هﺬـﻫ نﺄـﺷ ﻦـﻣو ،ﺔﻨﻴﻌـﻣ طوﺮـﺷ ﻖـﻓو ﻲـﻓﺎـﺿﻻا ﺪـﻳﺪـﺴﺘﻟﺎـﺑ
.ﺪﻘﻌﻟا ماﺮﺑإ ﺪﻨﻋ ﺎﻬﻌﻓد ﻢﺗ
22.5 Commissions and Other Charges
Before the Client begins to trade, it should be fully aware of all commissions, fees and other charges for which it shall be liable when trading. These charges shall affect its net profit)if any( or increase its loss. In the case of futures contracts, where the commission is calculated as a percentage, it shall usually be a percentage of the total contract value and not a percentage of its initial investment amount.
22.6 Transactions in Other Jurisdictions
Transactions in different markets may expose the Client to additional risks. Such markets may be subject to regulation which may offer different or diminished investor protection. Before trading in such markets, the Client should inquire about any rules relevant to its particular Transactions. The Client’s local regulatory authority shall be unable to compel the enforcement of the rules of regulatory authorities or markets in other jurisdictions where its Transactions have been effected. The Client should know from the Company with which it is dealing about all the details of the types of measures and compensations available in both the Client’s home jurisdiction and other relevant jurisdictions before the Client starts to trade.
22.7 Electronic Trading Systems
Most trading systems through open-outcry and electronic trading systems are supported by computer based systems for order routing, execution, matching, registration or clearing of trades. These systems are vulnerable to temporary disruption or stoppage as a result of equipment and software failure, which may result in the failure of implementing the Client’s order according to Instructions or the failure to implement its Instructions at all. The Client’s ability to recover certain losses may be subject to limits on liability imposed by the system provider, the market, the clearing house or member firms of the financial market. Such limits may vary; the Client should ask the Company with which it is dealing for details in this respect.
22.8 Off-Exchange Transactions
In some jurisdictions, companies are permitted to effect off- exchange Transactions. In such a case, the company with which the Client is dealing may act as its counterpart's to the Transaction. It may be difficult or impossible to liquidate an existing position, to assess the value, determine a fair price or to gauge the exposure to risk. As a result, these Transactions may involve increased risks. Off-exchange Transactions may be less regulated or subject to a separate regulatory regime. Before undertaking such Transactions, the Client should familiarise itself with the applicable rules and associated risks and bear such risks.
22.9 Defaulting on Obligations
The Company’s inability to meet its obligations or inability of any of its intermediaries or other parties to execute the Client’s Transaction may lead to the Client’s position being liquidated or closed without its consent. Under certain circumstances, the Client may not be able to recover its interests or real property offered as collateral. The Client may also have to accept whatever cash payments are available.
ىﺮﺧﻷا ءﺎﺒﻋﻻاو تﻻﻮﻤﻌﻟا 22.5
مﻮــﺳﺮــﻟاو تﻻﻮﻤﻌــﻟا ﻊﻴﻤــﺠﺑ مﺎــﺗ ﻢﻠــﻋ ﻰﻠــﻋ نﻮﻜــﻳ نأ ựﺠــﻳ ،لواﺪﺘــﻟﺎــﺑ ﻞﻴﻤﻌــﻟا أﺪﺒــﻳ نأ ﻞﺒــﻗ ﻪﺤـﺑر ﻰﻠـﻋ ءﺎﺒـﻋﻻا هﺬـﻫ ﺮـﺛﺆـﺗو .لواﺪﺘـﻟﺎـﺑ ﻪـﻣﺎﻴـﻗ ﺪﻨـﻋ ﺎﻬﺘﻴـﻟوﺆﺴـﻣ ﻞﻤـﺤﺘﻳ ﻲﺘـﻟا ىﺮـﺧﻻا ءﺎﺒـﻋﻻاو بﺎﺴﺘـﺣا ﻢﺘـﻳ ﻲﺘـﻟا ﺔﻴﻠﺒﻘﺘـﺴﻤﻟا دﻮﻘﻌـﻟا ﺔـﻟﺎـﺣ ﻲـﻓو .ﻪـﺗرﺎﺴـﺧ ﻦـﻣ ﺪـﻳﺰـﺗ وأ )ﺪـﺟو نإ( ﻲـﻓﺎﺼـﻟا ﺔﻤﻴـﻗ ﻲـﻟﺎﻤـﺟإ ﻦـﻣ ﺔـﻳﻮﺌـﻣ ﺔﺒـﺴﻧ ً ةدﺎـﻋ ءﺎﺒـﻋﻻا ﻦـﻣ عﻮﻨـﻟا اﺬـﻫ نﻮﻜـﻳ ،ﺔـﻳﻮﺌـﻣ ﺔﺒـﺴﻨﻛ ﺔـﻟﻮﻤﻌـﻟا
.ﻲﻟوﻻا يرﺎﻤﺜﺘﺳﻻا ﻪﻐﻠﺒﻣ ﻦﻣ ﺔﻳﻮﺌﻣ ﺔﺒﺴﻧ ﻞﻜﺸﻳ ﻻو ﺪﻘﻌﻟا
ىﺮﺧأ لود ﻲﻓ تﺎﻘﻔﺼﻟا ءاﺮṣإ 22.6
نأ زﻮﺠـﻳو .ﺔﻴـﻓﺎـﺿإ ﺮـﻃﺎﺨﻤـﻟ ﻞﻴﻤﻌـﻟا ضﺮﻌـﺗ ﺪـﻗ ،ىﺮـﺧﻻا قاﻮـﺳﻻا ﻲـﻓ ﺬﻔﻨـﺗ ﻲﺘـﻟا تﺎﻘﻔﺼـﻟا نا
،ﻚـﻟﺬـﻟ .ﺮﻤﺜﺘـﺴﻤﻠﻟ ﺔـﻳﺎﻤـﺤﻟا ﻦـﻣ ﻼﺒﻠـﻗ وا ﺎﻔﻠﺘﺨـﻣ ﺎـﻋﻮـﻧ ﺮـﻓﻮـﺗ ﺪـﻗ ﺔﻤﻈـﻧﻷ قاﻮـﺳﻻا هﺬـﻫ ﻊﻀﺨـﺗ ﻖﻠﻌﺘــﺗ ﺪــﻋاﻮــﻗ يأ ﻦــﻋ ﻢﻠﻌﺘــﺴﻳ نأ قاﻮــﺳﻻا هﺬــﻫ ﻲــﻓ لواﺪﺘــﻟا ﻞﺒــﻗ ﻞﻴﻤﻌــﻟا ﻰﻠــﻋ ﻦﻴﻌﺘــﻳ ﺬﻴﻔﻨـﺗ ضﺮـﻓ ﻦـﻣ ﻦﻜﻤﺘـﺗ ﻦـﻟ ﻞﻴﻤﻌﻠـﻟ ﺔﻴﻠـﺤﻤﻟا ﺔﻴﻤﻴﻈﻨﺘـﻟا ﺔﻄﻠـﺴﻟا نأ ﺎﻤـﺑ ،ﺔـﺻﺎﺨـﻟا ﻪـﺗﺎﻘﻔﺼـﺑ
،ﻲـﻟﺎﺘـﻟﺎـﺑو .ﻞﻴﻤﻌـﻟا ﺔﻘﻔـﺻ ﺎﻬﻴـﻓ ﻢﺘـﺗ ىﺮـﺧأ لود ﻲـﻓ ﺎﻬـﻗاﻮـﺳأ ﺪـﻋاﻮـﻗ وأ ﺔـﺻﺎﺨـﻟا ﺎـﻫﺪـﻋاﻮـﻗ ﺔـﻟود ﻲـﻓ ةﺮـﻓﻮﺘﻤـﻟا تﺎﻀـﻳﻮﻌﺘـﻟاو ﺮﻴـﺑاﺪﺘـﻟا عاﻮـﻧأ ﻞﻴـﺻﺎﻔـﺗ ﺔـﻛﺮـﺸﻟا ﻦـﻣ ﻞﻴﻤﻌـﻟا ﻢﻠﻌـﻳ نأ ﻲﻐﺒﻨـﻳ لواﺪﺘﻟﺎﺑ ﻞﻴﻤﻌﻟا ﺮﺷﺎﺒﻳ نأ ﻞﺒﻗ ﺔﻠﺼﻟا تاذ لوﺪﻟا ﻦﻣ ﺎﻫﺮﻴﻏو ﻞﻴﻤﻌﻟا
ﻲﻧوﺮﺘﻜﻟﻻا لواﺪﺘﻟا ﻢﻈﻧ 22.7
ﺔـﻣﻮـﻋﺪـﻣ ﻲـﻧوﺮﺘﻜـﻟﻻا لواﺪﺘـﻟاو حﻮﺘﻔﻤـﻟا ﻲﻨﻠﻌـﻟا داﺰﻤـﻟا لﻼـﺧ ﻦـﻣ لواﺪﺘـﻟا ﻢﻈـﻧ ﻢﻈﻌـﻣ نإ ﺔــﻳﻮﺴــﺗ وأ ﻞﻴﺠﺴﺘــﻟاو ﺔــﻣءﻼﻤــﻟاو ﺬﻴﻔﻨﺘــﻟاو ءاﺮــﺸﻟاو ﻊﻴﺒــﻟا ﺮــﻣاوأ ﻪﻴــﺟﻮﺘــﻟ ﺔﻴــﺑﻮــﺳﺎــﺣ ﺔﻤﻈــﻧﺄــﺑ ﻞﻄﻌــﺗ ﺔﺠﻴﺘــﻧ ﻞﻤﻌــﻟا ﻦــﻋ ﻒــﻗﻮﺘﻠــﻟ وأ ﺔﺘــﻗﺆــﻣ لﺎﻄــﻋﻻ ﺔــﺿﺮﻌــﻣ ﺔﻤﻈــﻧﻻا هﺬــﻫو .تﺎﻘﻔﺼــﻟا ﻞﻴﻤﻌـﻟا تﺎﻤﻴﻠﻌـﺗ ựـﺴﺤﺑ ﻞﻴﻤﻌـﻟا ﺮـﻣأ ﺬﻴﻔﻨـﺗ مﺪـﻋ ﻰـﻟإ يدﺆـﻳ ﺪـﻗ ﺎﻤـﻣ .تﺎﻴﺠـﻣﺮﺒـﻟاو تاﺪﻌﻤـﻟا ﺔﻨﻴﻌـﻣ ﺮـﺋﺎﺴـﺧ ةدﺎﻌﺘـﺳا ﻰﻠـﻋ ﻞﻴﻤﻌـﻟا ةرﺪـﻗ ﻊﻀﺨـﺗ ﺪـﻗو قﻼـﻃﻻا ﻰﻠـﻋ هﺬﻴﻔﻨـﺗ مﺪـﻋ ﻰـﻟإ وأ وأ ﺔــﺻﺎﻘﻤــﻟا ﺔــﻓﺮــﻏ وأ قﻮﺴــﻟا وأ مﺎﻈﻨــﻟا ّ دوﺰــﻣ ựــﻧﺎــﺟ ﻦــﻣ ﺔــﺿوﺮﻔﻤــﻟا ﺔﻴــﻟوﺆﺴﻤــﻟا دوﺪــﺤﻟ ﺔﻬـﺟ ﻦﻴـﺑ هﺬـﻫ ﺔﻴـﻟوﺆﺴﻤـﻟا دوﺪـﺣ ﻒﻠﺘﺨـﺗ نأ زﻮﺠـﻳو .ﺔﻴـﻟﺎﻤـﻟا قﻮﺴـﻟا ﻲـﻓ ءﺎﻀـﻋﻻا تﺎـﻛﺮـﺸﻟا اﺬــﻬﺑ ﻞﻴــﺻﺎﻔــﺗ ﺎﻬﻌــﻣ ﻞــﻣﺎﻌﺘــﻳ ﻲﺘــﻟا ﺔــﻛﺮــﺸﻟا ﻦــﻣ ựﻠﻄــﻳ نأ ﻞﻴﻤﻌــﻟا ﻰﻠــﻋ ﻦﻴﻌﺘــﻳ اﺬــﻟ ،ىﺮــﺧأو
.صﻮﺼﺨﻟا
ﺔﻴﻟﺎﻤﻟا قﻮﺴﻟا قﺎﻄﻧ xxxx تﺎﻘﻔﺼﻟا ءاﺮṣإ 22.8
نأ زﻮﺠــﻳو .ﺔﻴــﻟﺎﻤــﻟا قﻮﺴــﻟا قﺎﻄــﻧ xxxxxx تﺎﻘﻔــﺻ ءاﺮــﺟﺈــﺑ تﺎــﻛﺮــﺸﻠﻟ ﺢﻤﺴــﻳ لوﺪــﻟا ﺾﻌــﺑ ﻲــﻓ ﻦـﻣ نﻮﻜـﻳ ﺪـﻗو .ﺔﻘﻔﺼـﻟا ﻲـﻓ ﻞﻴﻤﻌﻠـﻟ ﻞـﺑﺎﻘﻤـﻟا فﺮﻄـﻟا ﺔﻔـﺻ ﺔـﻟﺎﺤـﻟا هﺬـﻫ ﻲـﻓ ﺔـﻛﺮـﺸﻟا ﺬـﺨﺘﺗ وأ ،لدﺎـﻋ ﺮﻌـﺳ ﺪـﻳﺪـﺤﺗ وأ ،ﺔﻤﻴﻘـﻟا ﺮـﻳﺪﻘـﺗ وأ ،ﻢـﺋﺎـﻗ ﻲـﻟﺎـﻣ ﺰـﻛﺮـﻣ ﺔﻴﻔﺼـﺗ ﻞﻴﺤﺘـﺴﻤﻟا وأ ựﻌﺼـﻟا ﺮـﻃﺎﺨـﻣ ﻰﻠـﻋ تﺎﻘﻔﺼـﻟا هﺬـﻫ ﻞﻤﺘـﺸﺗ نأ بﺎﺒـﺳﻻا هﺬـﻬﻟ زﻮﺠـﻳو .ﺮﻄـﺨﻠﻟ ضﺮﻌﺘـﻟا ىﺪـﻣ ﻢﻴﻴﻘـﺗ ﺔﻌــﺿﺎــﺧ وأ ﺎﻤﻴﻈﻨــﺗ ﻞــﻗأ ﺔﻴــﻟﺎﻤــﻟا قﻮﺴــﻟا قﺎﻄــﻧ xxxxxx تﺎﻘﻔﺼــﻟا نﻮﻜــﺗ ﺪــﻗ ﺎﻤــﻛ .ةﺪــﻳاﺰﺘــﻣ ﺎﻬـﺑ لﻮﻤﻌﻤـﻟا ﺪـﻋاﻮﻘـﻟا ﻰﻠـﻋ ﻊﻠﻄـﻳ نأ ﻞﻴﻤﻌـﻟا ﻰﻠـﻋ ﻦﻴﻌﺘـﻳ ﻚـﻟﺬـﻟ .ﻞﺼﻔﻨـﻣ ﻲﻤﻴﻈﻨـﺗ بﻮﻠـﺳﻻ
.تﺎﻘﻔﺼﻟا ﻚﻠﺗ تﺎﻌﺒﺗ ﻞﻤﺤﺗو تﺎﻘﻔﺼﻟا ﻦﻣ عﻮﻨﻟا اﺬﻫ ءاﺮﺟإ ﻞﺒﻗ ﺔﻠﺼﻟا تاذ ﺮﻃﺎﺨﻤﻟاو
تﺎﻣاﺰﺘﻟﻻﺎﺑ ءﺎﻓﻮﻟا ﻲﻓ ﺮﻴﺼﻘﺘﻟا 22.9
وأ ﺎﻬـﺋﺎﻄـﺳو ﻦـﻣ يأ ةرﺪـﻗ مﺪـﻋ وأ ﺎﻬـﺗﺎـﻣاﺰﺘـﻟﺎـﺑ ءﺎـﻓﻮـﻟا ﻰﻠـﻋ ﺔـﻛﺮـﺸﻟا ةرﺪـﻗ مﺪـﻋ يدﺆـﺗ ﺪـﻗ ﻪـﻗﻼـﻏإ وأ ﻞﻴﻤﻌﻠـﻟ ﻲـﻟﺎﻤـﻟا ﺰـﻛﺮﻤـﻟا ﺔﻴﻔﺼـﺗ ﻰـﻟإ ﻞﻴﻤﻌـﻟا ﺔﻘﻔـﺻ ﺬﻴﻔﻨـﺗ ﻰﻠـﻋ ﻦـﻳﺮـﺧﻻا فاﺮـﻃﻻا وأ ﻪﺼﺼــﺣ ةدﺎﻌﺘــﺳا ﻦــﻣ ﻞﻴﻤﻌــﻟا ﻦﻜﻤﺘــﻳ ﻻ ﺪــﻗ ﺔﻨﻴﻌــﻣ فوﺮــﻇ ﻲــﻓو .ﻪﺘﻘــﻓاﻮــﻣ نود ﻦــﻣ ﺔــﻳﺪﻘــﻧ تﺎﻌــﻓد يأ لﻮﺒﻘــﺑ ﻞﻴﻤﻌــﻟا xxxxxx نأ زﻮﺠــﻳ ﺎﻤــﻛ .تﺎــﻧﺎﻤﻀــﻛ ﺔــﻣﺪﻘﻤــﻟا ﺔﺘــﺑﺎﺜــﻟا ﻪــﻟاﻮــﻣأ
.ةﺮﻓﻮﺘﻣ
23.Clearing Houses
In order to execute the Instructions, the Company may deal with clearing houses or enter into arrangements with third parties. These parties may not be connected with the Company and subject to different rules, regulations and settlement systems. The Company shall not be responsible for any errors arising from any such persons, unless it is proven that the Company did not exercise reasonable care in the selection of such third parties.
ﺔﺻﺎﻘﻤﻟا فﺮﻏ.23
ﻦـﻣ فاﺮـﻃأ تﺎﺒﻴـﺗﺮـﺗ ﻲـﻓ لﻮـﺧﺪـﻟا وأ ﺔـﺻﺎﻘﻤـﻟا فﺮـﻏ ماﺪﺨﺘـﺳﺎـﺑ مﻮﻘـﺗ نأ ﺔـﻛﺮـﺸﻠﻟ ﻦﻜﻤـﻳ ﺔﻌــﺿﺎــﺧو ﺔــﻛﺮــﺸﻟﺎــﺑ ﺔــﻗﻼــﻋ ﺎﻬــﻟ ﺲﻴــﻟ فاﺮــﻃﻻا ﻚﻠــﺗ نﻮﻜــﺗ ﺪــﻗو .تﺎﻤﻴﻠﻌﺘــﻟا ءادﻻ ﺮﻴﻐــﻟا يأ ﻦـﻋ ﺔـﻟوﺆﺴـﻣ ﺔـﻛﺮـﺸﻟا نﻮﻜـﺗ ﻦـﻟو .ﺔﻔﻠﺘﺨـﻣ ﺔـﻳﻮﺴـﺗ ﺔﻤﻈـﻧأو ﺔﻔﻠﺘﺨـﻣ ﺢـﺋاﻮـﻟو ﺔﻤﻈـﻧﻻ ﺔــﺳرﺎﻤﻤــﺑ ﻢﻘــﺗ ﻢــﻟ ﺔــﻛﺮــﺸﻟا نأ ﺖﺒــﺛ اذإ ﻻإ صﺎﺨــﺷﻻا ءﻻﺆــﻫ ﻦــﻣ يأ xxxx xxxxxxxxx ءﺎﻄــﺧأ
.ﺮﻴﻐﻠﻟ ﺎﻫرﺎﻴﺘﺧا ﺪﻨﻋ ﺔﺒﺟاﻮﻟا ﺔﻳﺎﻨﻌﻟا
00.Xxxxxxx Commission in Saudi Stock Market Discount
Riyad Capital provides in this clause a program to offer its clients ” Discount on Trading Commission“ when execution securities transactions in the Saudi Stock Market. As the commission received by Riyad Capital will be after calculating the discount percent on the trading commission and this discount is taken as an agreement between Riyad Capital and the client
24.1 Procedure of Executing Discount on Commission
The discounting process will be done directly by calculating the discount as soon as the order is sent to the market and excluding it from the blocked amount. The following procedure determine the discount rate :
1- At the end of each Gregorian month, the company will take into account the gross commission for the client throughout the past months.
2- based non annex (1), riyad capital will determine the clients category and the discount rate that will be applied to him for the next months.
Riyad Capital will keep repeat the mentioned steps on monthly bases .
3- In the case the client desires to modify a part or all of what is mentioned in the article, he must seek the Company’s approval via the existing policies.
24.2 Modification or Cancelation
Riyad Capital has the right based on their absolute judgement and procedural requirements to modify or cancel the discount system on the commission and notify the client with the decision made. The modification or cancelation will be considered effective after thirty dates from the client’s notification date without an objection from him.
Annex (1) : Client Categories
Below annex clarifies the clients categorisation based on the total trading commission of the client and based on which decides the discount rate which Riyad Capital grants the client after excluding Tadawul commission.
:ﺔﻳدﻮﻌﺴﻟا ﺔﻴﻟﺎﻤﻟا قﻮﺴﻟا ﻲﻓ ﺔﻴﻟﺎﻤﻟا قاروﻻا لواﺪﺗ تﻻﻮﻤﻋ ﻢﺼﺧ. 24
ﻢﺼﺨـﻟا ﺔﺒـﺴﻧ “ﻰﻠـﻋ لﻮﺼﺤـﻟا ﺎﻬـﺋﻼﻤﻌـﻟ ﺮـﻓﻮـﻳ ﺞـﻣﺎـﻧﺮـﺑ ﺔﻴـﻗﺎﻔـﺗﻻا هﺬـﻫ ﻲـﻓ ﺔﻴـﻟﺎﻤـﻟا ضﺎـﻳﺮـﻟا مﺪﻘـﺗ ﺚﻴـﺣ ،ﺔـﻳدﻮﻌﺴـﻟا ﺔﻴـﻟﺎﻤـﻟا قاﻮـﺳﻻا ﻲـﻓ ﺔﻴـﻟﺎﻤـﻟا قاروﻻا لواﺪـﺗ تﺎﻴﻠﻤـﻋ ءاﺮـﺟإ ﺪﻨـﻋ ” ﺔـﻟﻮﻤﻌـﻟا ﻰﻠـﻋ ﺔﺒــﺴﻧ بﺎﺴﺘــﺣا ﺪﻌــﺑ نﻮﻜــﺗ ﻞﻴﻤﻌــﻟا ﻦــﻣ ﺔﻴــﻟﺎﻤــﻟا ضﺎــﻳﺮــﻟا ﺎــﻫﺬــﺧﺄــﺗ ﻲﺘــﻟا لواﺪﺘــﻟا ﺔــﻟﻮﻤــﻋ ﺔﺒــﺴﻧ نأ ﻞﻴﻤﻌﻟاو ﺔﻴﻟﺎﻤﻟا ضﺎﻳﺮﻟا ﻦﻴﺑ قﺎﻔﺗا ﺔﺑﺎﺜﻤﺑ ﻢﺼﺨﻟا اﺬﻫ نﻮﻜﻳو لواﺪﺘﻟا ﺔﻟﻮﻤﻋ ﻰﻠﻋ ﻢﺼﺨﻟا
ﺔﻟﻮﻤﻌﻟا ﻰﻠﻋ ﻢﺼﺨﻟا ﺔﻴﻠﻤﻋ ﺬﻴﻔﻨﺗ ءاﺮﺟإ 24.1 ﺮــﻣﻻا لﺎــﺧدإ دﺮــﺠﻤﺑ ﻢﺼﺨــﻟا بﺎﺴﺘــﺣا لﻼــﺧ ﻦــﻣ ةﺮــﺷﺎﺒــﻣ ﺔــﻟﻮﻤﻌــﻟا ﻰﻠــﻋ ﻢﺼﺨــﻟا ﺔﻴﻠﻤــﻋ مﻮﻘــﺗ ﺎﻘــﻓو ﻞﻴﻤﻌﻠــﻟ ﻢﺼﺨــﻟا ﺔﺒــﺴﻧ ﺪــﻳﺪــﺤﺗ ﻢﺘــﻳو .ﻪﻴﻠــﻋ زﻮﺠﺤﻤــﻟا ﻎﻠﺒﻤــﻟا ﻦــﻣ عﺎﻄﻘﺘــﺳا ﻢــﺛ قﻮﺴﻠــﻟ
:ﺔﻴﻟﺎﺘﻟا تاءاﺮﺟﻺﻟ
لﻼـﺧ ﻞﻴﻤﻌﻠـﻟ لواﺪﺘـﻟا تﻻﻮﻤـﻋ ﻲـﻟﺎﻤـﺟإ ﺪـﺻﺮـﺑ يدﻼﻴـﻣ ﺮـﻬﺷ ﻞـﻛ ﺔـﻳﺎﻬـﻧ ﻲـﻓ ﺔـﻛﺮـﺸﻟا مﻮﻘـﺗ - 1
.ﺔﻘﺑﺎﺴﻟا ﺮﻬﺷﻻا
ﺔﺒــﺴﻧو ،ﻞﻴﻤﻌــﻟا ﺔﺌــﻓ ﺎﻬﺘﻄــﺳاﻮــﺑ ﺔﻴــﻟﺎﻤــﻟا ضﺎــﻳﺮــﻟا دﺪﺤﺘــﺳ(، 1( ﻢــﻗر ﻖﺤﻠﻤــﻟا ﻰﻠــﻋ ادﺎﻤﺘــﻋا - 2
راﺮﻜﺘـﺑ ﺎـﻳﺮـﻬﺷ ﺔﻴـﻟﺎﻤـﻟا ضﺎـﻳﺮـﻟا مﻮﻘـﺗو ﻲـﻟﺎﺘـﻟا ﺮـﻬﺸﻟا ﻲـﻓ ﻞﻴﻤﻌـﻟا ﺎﻬﻴﻠـﻋ ﻞﺼﺤـﻳ فﻮـﺳ ﻲﺘـﻟا ﻢﺼﺨـﻟا
.هﻼﻋأ ةرﻮﻛﺬﻤﻟا تاﺮﻘﻔﻟا
ﻻوأ لﻮﺼـﺤﻟا ﺔـﻴﻗﺎـﻔﺗﻻـﺎﺑ درو ـﺎﻣ ـﻞﻛ وأ ءـﺰﺟ ﻰـﻠﻋ تﻼﻳﺪـﻌﺗ ـﺔﻳأ ءاـﺮﺟإ ﻞﻴﻤـﻌﻟا ﺔـﺒﻏر لـﺎﺣ ـﻲﻓ - 3
.ﺎﻬﺑ لﻮﻤﻌﻤﻟا ﺔﻤﻈﻧﻻا ựﺴﺣ ﻚﻟذو ﺔﻛﺮﺸﻟا ﺔﻘﻓاﻮﻣ ﻰﻠﻋ
ءﺎﻐﻟإ وأ ﻞﻳﺪﻌﺗ 24.2
ءﺎﻐـﻟإ وأ ﻞـﻳﺪﻌﺘـﺑ مﻮﻘـﺗ نأ ﺔﻴـﻣﺎﻈﻨـﻟا تﺎﺒﻠﻄﺘﻤـﻟاو ﻖﻠﻄﻤـﻟا ﺎـﻫﺮـﻳﺪﻘـﺗ ựـﺴﺣ ﺔﻴـﻟﺎﻤـﻟا ضﺎـﻳﺮﻠـﻟ زﻮﺠـﻳ اﺬـﻓﺎـﻧ ءﺎﻐـﻟﻻا وأ ﻞـﻳﺪﻌﺘـﻟا ﺮﺒﺘﻌـﻳو ،ﺬـﺨﺘﻤﻟا راﺮﻘـﻟﺎـﺑ ﻞﻴﻤﻌـﻟا رﺎﻌـﺷإو ﺔـﻟﻮﻤﻌـﻟا ﻰﻠـﻋ ﻢﺼﺨـﻟا ﺞـﻣﺎـﻧﺮـﺑ
ﻪﺿاﺮﺘﻋا مﺪﻋو راﺮﻘﻟﺎﺑ ﻞﻴﻤﻌﻟا رﺎﻌﺷإ ﺦﻳرﺎﺗ ﻦﻣ ﺎﻣﻮﻳ ﻦﻴﺛﻼﺛ ﺪﻌﺑ
ءﻼﻤﻌﻟا تﺎﺌﻓ : (1) ﻢﻗر ﻖﺤﻠﻤﻟا ﺔﺒــﺴﻧ دﺪــﺤﺗو ﻞﻴﻤﻌــﻟا تﻻﻮﻤــﻋ ﻲــﻟﺎﻤــﺟﻻ ﺎﻘــﻓو تﺎﺌﻔــﻟ ءﻼﻤﻌــﻟا ﻒﻴﻨﺼــﺗ ﻖﺤﻠﻤــﻟا اﺬــﻫ ﺢــﺿﻮــﻳ
:لواﺪﺗ ﺔﻟﻮﻤﻋ ﺔﺒﺴﻧ عﺎﻄﺘﻗا ﺪﻌﺑ ﻞﻴﻤﻌﻟا ﻰﻠﻋ ﺔﻴﻟﺎﻤﻟا ضﺎﻳﺮﻟا ﺎﻬﻘﺒﻄﺗ ﻲﺘﻟا ﻢﺼﺨﻟا
Category | Total Trading Commission in the previous months (SAR) | Discount on E-Channels | Discount in Centers | |
From to | ||||
1 | 0 | 11990.99 | %0 | |
2 | 1200 | 2999.99 | %15 | %0 |
3 | 3000 | 3000 and above | %50 | %15 |
ﺰﻛاﺮﻤﻟا ﻰﻠﻋ ﻢﺼﺨﻟا ﺔﺒﺴﻧ | ﺔﻴﻧوﺮﺘﻜﻟﻻا | ﻢﺼﺨﻟا ﺔﺒﺴﻧ تاﻮﻨﻘﻟا ﻰﻠﻋ | لواﺪﺘﻟا تﻻﻮﻤﻋ ﻲﻟﺎﻤﺟإ (لﺎﻳر) ﺔﻘﺑﺎﺴﻟا ﺮﻬﺷﻷا لﻼﺧ | ﺔـــــﺌــﻔـﻟا | |
ﻰﻟا ﻦﻣ | |||||
%0 | 11990.99 | 0 | 1 | ||
%0 | %15 | 2999.99 | 1200 | 2 | |
%15 | %50 | قﻮﻓ ﺎﻤﻓ 3000 | 3000 | 3 | |
25.Binding Upon Heirs and Successors
If the Client is a natural person, the Client hereby agrees that this Agreement and all the terms thereof shall be binding upon its heirs, executors, administrator, personal representatives and successors and agrees that this Agreement shall not be terminated automatically upon its death or disability. If the Client is a legal person, the Client agrees that this Agreement and all the terms thereof shall be binding upon its successors and agree that this Agreement shall not terminate automatically upon its liquidation or dissolution nor upon the death of any partner or dissolution or liquidation of any partner or shareholder.
26.Waiver and Assignment
26.1 No term or provision of this Agreement may be waived or modified, unless in writing and signed by the Company with the party against whom such waiver or modification is sought to be enforced. The Company’s failure to insist at any time upon strict compliance with this Agreement or with any of the terms hereunder or any continued course of such conduct on its part shall in no event constitute or be considered a waiver by the Company of any of its rights or privileges nor will any single or partial exercise of any such right preclude any further exercise thereof nor the exercise of any other right power or privilege.
ءﺎﻔﻠﺨﻟاو ﺔﺛرﻮﻠﻟ ﺔﻴﻗﺎﻔﺗﻻا ﺔﻴﻣاﺰﻟإ.25
ﺎﻬـﻃوﺮـﺷ ﻊﻴﻤـﺟو ﺔﻴـﻗﺎﻔـﺗﻻا هﺬـﻫ نأ ﻰﻠـﻋ ﻖـﻓاﻮـﻳ xxxxx xxxxxx ،ﺔﻴﻌﻴﺒـﻃ ﺔﻴﺼﺨـﺷ ﻞﻴﻤﻌـﻟا نﺎـﻛ نإ نأ ﻰﻠــﻋ ﻖــﻓاﻮــﻳو ﻪــﺋﺎﻔﻠــﺧو ﻦﻴﻴﺼﺨﺸــﻟا ﻪﻴﻠﺜﻤــﻣو ﻪﺘــﻛﺮــﺗ ﺮــﻳﺪــﻣو ﻪﺘﻴــﺻو يﺬﻔﻨــﻣو ﻪﺘــﺛرﻮــﻟ ﺔــﻣﺰﻠــﻣ xxxxxxxx ﺔــﻳرﺎﺒﺘــﻋا ﺔﻴﺼﺨــﺷ ﻞﻴﻤﻌــﻟا نﺎــﻛ اذإو .هﺰــﺠﻋ وأ ﻪــﺗﺎــﻓﻮــﺑ ﺎﻴــﺋﺎﻘﻠــﺗ ﻲﻀﻘﻨــﺗ ﻦــﻟ ﺔﻴــﻗﺎﻔــﺗﻻا هﺬــﻫ ﺎﻴـﺋﺎﻘﻠـﺗ ﻲﻀﻘﻨـﺗ ﻦـﻟ ﺎﻬـﻧأ ﻰﻠـﻋو ﻪـﺋﺎﻔﻠـﺨﻟ ﺔـﻣﺰﻠـﻣ ﺎﻬـﻃوﺮـﺷ ﻊﻴﻤـﺟو ﺔﻴـﻗﺎﻔـﺗﻻا هﺬـﻫ نأ ﻰﻠـﻋ ﻖـﻓاﻮـﻳ ﻢﻫﺎﺴﻣ وأ ﻚﻳﺮﺷ يأ ﺔﻴﻔﺼﺗ وأ ﻞﺤﺑ وأ ﻚﻳﺮﺷ يأ ةﺎﻓﻮﺑ ﻻو ﻪﻠﺣ وأ ﻪﺘﻴﻔﺼﺘﺑ
لزﺎﻨﺘﻟاو ءﺎﻔﻋﻻا .26
ﺔـﻛﺮـﺸﻟا ﻊﻴـﻗﻮﺘـﺑو ﺔـﺑﺎﺘـﻛ ﻻإ ﻪﻠـﻳﺪﻌـﺗ وأ ﺔﻴـﻗﺎﻔـﺗﻻا هﺬـﻫ طوﺮـﺷ ﻦـﻣ يأ ﻦـﻋ لزﺎﻨﺘـﻟا زﻮﺠـﻳ ﻻ 26.1 ﺔـﻛﺮـﺸﻟا راﺮـﺻإ مﺪـﻋ ﻞﻜﺸـﻳ ﻻو .ﻞـﻳﺪﻌﺘـﻟا وأ لزﺎﻨﺘـﻟا اﺬـﻫ ﺮـﺛأ ﻪﻴﻠـﻋ ﻊﻘـﻳ يﺬـﻟا ﻲﻨﻌﻤـﻟا فﺮﻄـﻟا ﻦـﻣ ﻦـﻣ ً ﻻزﺎﻨـﺗ لﺎـﺣ يﺄـﺑ ﺮﺒﺘﻌـﻳ ﻻو ﺎﻬـﻃوﺮـﺷ وأ ﺔﻴـﻗﺎﻔـﺗﻻا هﺬـﻬﺑ مرﺎﺼـﻟا ماﺰﺘـﻟﻻا ﻰﻠـﻋ ﺖـﻗو يأ ﻲـﻓ ةﺮﻤــﻟ ﺎﻬــﻗﻮﻘــﺣ ﻦــﻣ xxxxx ﺔــﻛﺮــﺸﻟا ﺔــﺳرﺎﻤــﻣ نأ ﺎﻤــﻛ ،ﺎﻬــﺗازﺎﻴﺘــﻣا وأ ﺎﻬــﻗﻮﻘــﺣ ﻦــﻣ يأ ﻦــﻋ ﺔــﻛﺮــﺸﻟا ﻖـﺣ يﻻ ﺎﻬﺘـﺳرﺎﻤـﻣ ﻦـﻣ ﻻو ىﺮـﺧأ تاﺮـﻣ ﻖﺤـﻟا ﻚـﻟﺬـﻟ ﺎﻬﺘـﺳرﺎﻤـﻣ ﻖﻴﻌـﻳ ﻻ ﻲـﺋﺰـﺟ ﻞﻜﺸـﺑ وأ ةﺪـﺣاو
ﺮﺧآ زﺎﻴﺘﻣا وأ
27.Suspending, Freezing and Closing the Accounts and Portfolios
27.1 The Client agrees that if the account and Portfolio are subject to any legal proceedings or upon receiving official instructions issued by the regulating authorities, the Company shall have the right to suspend or restrict the usage of the account and Portfolio, seize the credit amount and freeze any dealings on the Client’s Portfolio or Securities, until any further instruction is issued in writing from the relevant authority, without any liability whatsoever for the Company.
27.2 The Client acknowledges that the Company shall have the right to freeze dealing on all accounts and Portfolios or impose restrictions upon them, when any identification documents expire, until valid documents are received.
27.3 The Client acknowledges that the Company shall have the right to close the account, if the Client provides the Company with any incorrect information, misuses the account, exceeds the intended purpose for which the account was opened or, in particular, violates the laws and regulations, without any justification.
ﻆﻓﺎﺤﻤﻟاو تﺎﺑﺎﺴﺤﻟا قﻼﻏإو ﺪﻴﻤﺠﺘﻟاو ﺰﺠﺤﻟا.27
مﻼﺘـﺳا ﺪﻨـﻋ وأ ﺔﻴـﻧﻮـﻧﺎـﻗ تاءاﺮـﺟإ xxxxxx ﺔﻈﻔﺤﻤـﻟاو بﺎﺴﺤـﻟا ﺢﺒـﺻأ اذإ ﻪـﻧﺄـﺑ ﻞﻴﻤﻌـﻟا ﺮﻘـﻳ 27.1 بﺎﺴﺤـﻟا ماﺪﺨﺘـﺳا ﻖﻴﻠﻌـﺗ وأ ﺪﻴﻴﻘـﺗ ﺔـﻛﺮـﺸﻠﻟ ﻖﺤـﻳ ﺔﻴﻤﻴﻈﻨﺘـﻟا تﺎﻬﺠـﻟا ﻞﺒـﻗ ﻦـﻣ ﺔﻴﻤـﺳر تﺎﻤﻴﻠﻌـﺗ ﺔﻴــﻟﺎﻤــﻟا ﻪــﻗاروأ وأ ﻞﻴﻤﻌــﻟا ﺔﻈﻔﺤﻤــﺑ لواﺪــﺗ يأ فﺎﻘــﻳإو ﻦــﺋاﺪــﻟا ﺪﻴــﺻﺮــﻟا ﺰــﺠﺤﺗ نأو ﺔﻈﻔﺤﻤــﻟاو ﻰﻠــﻋ ﺔﻴــﻟوﺆﺴــﻣ ﻰــﻧدأ نود ﻚــﻟذو تﺎﻤﻴﻠﻌﺘﻠــﻟ ةرﺪﺼﻤــﻟا ﺔﻬﺠــﻟا ﻦــﻣ ﻲــﺑﺎﺘــﻛ ﻪﻴــﺟﻮــﺗ روﺪــﺻ ﻦﻴﺤــﻟ
.ﺔﻛﺮﺸﻟا
وأ ﻆـﻓﺎﺤﻤـﻟاو تﺎـﺑﺎﺴﺤـﻟا ﻊﻴﻤـﺟ ﻰﻠـﻋ ﻞـﻣﺎﻌﺘـﻟا ﺪﻴﻤـﺠﺗ ﻲـﻓ ﻖﺤـﻟا ﺔـﻛﺮـﺸﻠﻟ نﺄـﺑ ﻞﻴﻤﻌـﻟا ﺮﻘـﻳ 27.2
ﻦﻴﺤــﻟ ﺔــﻣﺪﻘﻤــﻟا تﺎــﻳﻮﻬــﻟاو ﺔﻴــﺗﻮﺒﺜــﻟا تاﺪﻨﺘــﺴﻤﻟا ﺔﻴــﺣﻼــﺻ ءﺎﻬﺘــﻧا ﺪﻨــﻋ ﺎﻬﻴﻠــﻋ دﻮﻴــﻗ يأ ﻊــﺿو
.لﻮﻌﻔﻤﻟا ﺔﻳرﺎﺴﻟا تاﺪﻨﺘﺴﻤﻟا مﻼﺘﺳا
ﻲﺘـﻟا تﺎـﻧﺎﻴﺒـﻟا ﺔﺤـﺻ مﺪـﻋ ﺖﺤﻀـﺗا لﺎـﺣ ﻲـﻓ بﺎﺴﺤـﻟا لﺎﻔـﻗإ ﺔـﻛﺮـﺸﻠﻟ ﻖﺤـﻳ ﻪـﻧﺄـﺑ ﻞﻴﻤﻌـﻟا ﺮﻘـﻳ 27.3
نود ﻚــﻟذو ﻪﻠــﺟأ ﻦــﻣ حﻮﺘﻔﻤــﻟا ضﺮﻐــﻟا زوﺎﺠــﺗ وأ بﺎﺴﺤــﻟا ماﺪﺨﺘــﺳا ةءﺎــﺳإ وأ ،ﺎﻬــﺑ ﺎــﻫﺪــﻳوﺰــﺗ ﻢــﺗ
ﺢﺋاﻮﻠﻟاو ﺔﻤﻈﻧﻻا ﺔﻔﻟﺎﺨﻣ ﺺﺧﻷﺎﺑو ،بﺎﺒﺳﻻا ءاﺪﺑإ
28.Termination of Agreement
28.1 Either the Client or the Company may close the Portfolio and terminate this Agreement at any time upon 30 Business Days advance written notice to the other party. In this case, the Company shall have the right to promptly terminate any other related agreements and to prevent the Client from entering and using the Company’s dealings program.
28.2 The Company may close the Portfolio and promptly terminate this Agreement at any time upon an advance written notice, if the Client fails to comply with the Laws and Regulations and with any provisions or clauses of this Agreement. However, any such closure shall be without prejudice to any actual or contingent liabilities in respect of Transactions entered into prior to receipt of notice of termination. In this case, the Client shall give clear Instructions to the Company on how to dispose of any Securities in the Portfolio.
28.3 Except as otherwise provided in the Clause 27, in connection with settlement of accounts and transfers of assets, the Company shall not accept any further Instructions or initiate any further Transactions on the Client’s behalf, after the date of termination.
28.4 As soon as practicable after the date of termination, the Company shall deliver to the Client or to the order of the Client or to the successors of the Client, as appropriate, all cash, Securities and documents of title held by the Company, accompanied by an account of all Transactions carried out up to the date of termination, and the Client assigns the Company to be the authorised agent to complete all such Transactions, provided that:
1) the Company shall not be obligated to deliver any Securities or documents of title until they are delivered by the relevant broker, service provider or issuer;
2) the Company shall not be obligated to deliver any Securities and documents of title unless and until all amounts due and payable to the Company have been settled, including without limitation reimbursement of all costs and expenses incurred by the Company in closing out the Portfolio;
3) the Company shall not be obligated to account to the Client for the sale proceeds of any Securities until the Company has received such proceeds from the relevant broker, service provider or issuer;
4) it may not be possible to transfer Securities held in a collective account in the name of a custodian, except by means of sale followed by transfer of the proceeds less any Transaction costs.
ﺔﻴﻗﺎﻔﺗﻻا ءﺎﻬﻧإ.28
ựـﺟﻮﻤـﺑ ﺖـﻗو يأ ﻲـﻓ ﺔﻴـﻗﺎﻔـﺗﻻا هﺬـﻫ ءﺎﻬـﻧإو ﺔﻈﻔﺤﻤـﻟا لﺎﻔـﻗإ ﻞﻴﻤﻌﻠـﻟ وأ ﺔـﻛﺮـﺸﻠﻟ زﻮﺠـﻳ 28.1 نأ ﺔـﻛﺮـﺸﻠﻟ ﻖﺤـﻳ ﺔـﻟﺎﺤـﻟا هﺬـﻫ ﻲـﻓو .مﻮـﻳ 30 ﻪـﺗﺪـﻣ ﺮـﺧﻻا فﺮﻄﻠـﻟ ﻪـﺟﻮـﻣ ﻖﺒـﺴﻣ ﻲـﺑﺎﺘـﻛ رﺎﻌـﺷإ ماﺪﺨﺘـﺳاو ﻰـﻟإ ﻞﻴﻤﻌـﻟا لﻮـﺧد ﺔﻴـﻧﺎﻜـﻣإ ﻲﻐﻠـﺗ نأو ﺔﻘﻠﻌﺘـﻣ ىﺮـﺧأ تﺎﻴـﻗﺎﻔـﺗا يأ رﻮﻔـﻟا ﻰﻠـﻋ ﻲـﻬﻨﺗ
.لواﺪﺘﻠﻟ ﺔﻛﺮﺸﻟا ﺞﻣﺎﻧﺮﺑ
ựـﺟﻮﻤـﺑ ﺖـﻗو يأ ﻲـﻓ رﻮﻔـﻟا ﻰﻠـﻋ ﺔﻴـﻗﺎﻔـﺗﻻا هﺬـﻫ ءﺎﻬـﻧإو ﺔﻈﻔﺤﻤـﻟا لﺎﻔـﻗإ ﺔـﻛﺮـﺸﻠﻟ زﻮﺠـﻳ 28.2 تاﺮﻘـﻓ وأ دﻮﻨـﺑ ﻦـﻣ يﺄـﺑ وأ ﺢـﺋاﻮﻠـﻟاو ﺔﻤﻈـﻧﻻﺎـﺑ ﻞﻴﻤﻌـﻟا ماﺰﺘـﻟا مﺪـﻋ لﺎـﺣ ﻲـﻓ ﻖﺒـﺴﻣ ﻲـﺑﺎﺘـﻛ رﺎﻌـﺷإ ﺎﻤﻴـﻓ ﺔﻠﻤﺘﺤـﻣ وأ ﺔﻴﻠﻌـﻓ تﺎـﻣاﺰﺘـﻟا يﺄـﺑ عﻮﻨـﻟا اﺬـﻫ ﻦـﻣ لﺎﻔـﻗإ يأ ﻞـﺨﻳ ﻻ نأ ﻰﻠـﻋ ،ﺔﻴـﻗﺎﻔـﺗﻻا هﺬـﻫ ﺔـﻟﺎﺤـﻟا هﺬـﻫ ﻲـﻓ ﻞﻴﻤﻌـﻟا ﻰﻠـﻋ ựﺠـﻳ .ءﺎﻬـﻧﻻا رﺎﻌـﺷإ مﻼﺘـﺳا ﻞﺒـﻗ ةدﻮﻘﻌﻤـﻟا تﺎﻘﻔﺼـﻟﺎـﺑ ﻖﻠﻌﺘـﻳ
.ﺔﻈﻔﺤﻤﻟا ﻲﻓ ةدﻮﺟﻮﻤﻟا ﺔﻴﻟﺎﻤﻟا قاروﻻا ﻲﻓ فﺮﺼﺘﻟا لﻮﺣ ﺔﻛﺮﺸﻠﻟ ﺔﺤﺿاو تﺎﻤﻴﻠﻌﺗ ءﺎﻄﻋإ
ﻞـﻳﻮﺤـﺗو تﺎـﺑﺎﺴﺤـﻟا ﺔـﻳﻮﺴـﺗ ﻰـﻟإ ﺔﺒـﺴﻨﻟﺎـﺑ ﻚـﻟذ فﻼﺨـﺑ( 27( ةﺮﻘﻔـﻟا ﻪـﻃﺮﺘـﺸﺗ ﺎـﻣ ءﺎﻨﺜﺘـﺳﺎـﺑ 28.3
ﺦـﻳرﺎـﺗ ﺪﻌـﺑ ﻞﻴﻤﻌـﻟا ﻦـﻋ ﺔـﺑﺎﻴـﻧ تﺎﻘﻔـﺻ يأ ﺮـﺷﺎﺒـﺗ وأ تﺎﻤﻴﻠﻌـﺗ يأ ﻞﺒﻘـﺗ ﻦـﻟ ﺔـﻛﺮـﺸﻟا نﺈـﻓ ،لﻮـﺻﻻا
.ءﺎﻬﻧﻻا
،ﻪـﺋﺎﻔﻠـﺨﻟ وأ هﺮـﻣﻻ وأ ﻞﻴﻤﻌﻠـﻟ ءﺎﻬـﻧﻻا ﺦـﻳرﺎـﺗ ﺪﻌـﺑ ﺎﻴﻠﻤـﻋ ﺔﻨﻜﻤـﻣ ﺔـﺻﺮـﻓ عﺮـﺳﺄـﺑ ﺔـﻛﺮـﺸﻟا ﻢﻠـﺴﺗ 28.4 ﺔــﺑﻮﺤﺼــﻣ ﺎﻬــﻳﺪــﻟ ةدﻮــﺟﻮﻤــﻟا ﺔﻴﻜﻠﻤــﻟا تاﺪﻨﺘــﺴﻣو ﺔﻴــﻟﺎﻤــﻟا قاروﻻاو ﺪﻘﻨــﻟا ﻊﻴﻤــﺟ ،موﺰﻠــﻟا ựــﺴﺣ نﻮﻜﺘـﻟ ﺔـﻛﺮـﺸﻟا ﻞﻴﻤﻌـﻟا ﻦﻴﻌـﻳو ،ءﺎﻬـﻧﻻا ﺦـﻳرﺎـﺗ ﻰـﻟإ ﺎـﻫﺬﻴﻔﻨـﺗ ﻢـﺗ ﻲﺘـﻟا تﺎﻘﻔﺼـﻟا ﻊﻴﻤـﺟ ﻦﻴﺒـﻳ ﻒﺸﻜـﺑ
:نأ رﺎﺒﺘﻋﻻﺎﺑ ﺬﺧﻻا ﻊﻣ تﺎﻘﻔﺼﻟا ﻚﻠﺗ ﻊﻴﻤﺟ لﺎﻤﻜﺘﺳﻻ ضﻮﻔﻤﻟا ﻞﻴﻛﻮﻟا
ﻂﻴـﺳﻮـﻟا ﻦـﻣ ﺎﻬﻤﻠـﺴﺗ ﻦﻴﺤـﻟ ﺔﻴﻜﻠـﻣ تاﺪﻨﺘـﺴﻣ وأ ﺔﻴـﻟﺎـﻣ قاروأ يأ ﻢﻴﻠـﺴﺘﺑ ﺔـﻣﺰﻠـﻣ ﺮﻴـﻏ ﺔـﻛﺮـﺸﻟا ( 1
.ﻲﻨﻌﻤﻟا رﺪﺼﻤﻟا وأ ﺔﻣﺪﺨﻟا دوﺰﻣ وأ
ﻊﻴﻤــﺟ ﺔــﻳﻮﺴــﺗ ﺪﻌــﺑ ﻻإ ﺔﻴﻜﻠﻤــﻟا تاﺪﻨﺘــﺴﻣ وأ ﺔﻴــﻟﺎــﻣ قاروأ يأ ﻢﻴﻠــﺴﺘﺑ ﺔــﻣﺰﻠــﻣ ﺮﻴــﻏ ﺔــﻛﺮــﺸﻟا ( 2
ﻲﺘـﻟا تﺎـﻓوﺮﺼﻤـﻟاو ﻒﻴـﻟﺎﻜﺘـﻟا ﺔـﻓﺎـﻛ داﺪـﺳ ،ﺪـﻳﺪـﺤﺗ نود ﻚـﻟذ ً ﻼـﻣﺎـﺷ ،ﺎﻬـﻟ ﺔﻘﺤﺘـﺴﻤﻟا ﻎـﻟﺎﺒﻤـﻟا
.ﺔﻈﻔﺤﻤﻟا لﺎﻔﻗإ ﻲﻓ ﺔﻛﺮﺸﻟا ﺎﻬﺘﻠﻤﺤﺗ
ﻚﻠــﺗ ﻢﻠﺘــﺴﺗ نا ﻞﺒــﻗ ﻞﻴﻤﻌﻠــﻟ ﺔﻴــﻟﺎــﻣ تاودأ ﺔــﻳأ ﻊﻴــﺑ تاﺪــﺋﺎــﻋ بﺎﺴﺘــﺣﺎــﺑ ﺔــﻣﺰﻠــﻣ ﺮﻴــﻏ ﺔــﻛﺮــﺸﻟا ( 3
ﻲﻨﻌﻤﻟا رﺪﺼﻤﻟا وأ ﺔﻣﺪﺨﻟا دوﺰﻣ وأ ﻂﻴﺳﻮﻟا ﻦﻣ تاﺪﺋﺎﻌﻟا
ﻆﻔــﺣ ﻦﻴــﻣأ ﻢــﺳﺎــﺑ ﻲﻌﻴﻤــﺠﺗ بﺎﺴــﺣ ﻲــﻓ ﺔﻴــﻟﺎﻤــﻟا قاروﻻا ﻞــﻳﻮﺤــﺗ ﻦﻜﻤﻤــﻟا ﻦــﻣ نﻮﻜــﻳ ﻻ ﺪــﻗ ( 4
ﺔﻴﻠﻤﻌﻟا ﻒﻴﻟﺎﻜﺗ ﺎﺼﻗﺎﻧ تاﺪﺋﺎﻌﻟا ﻞﻳﻮﺤﺘﺑ عﻮﺒﺘﻣ ﻊﻴﺑ لﻼﺧ ﻦﻣ xx xxxx
29.2 Under no circumstances shall the Company or any of its affiliates, directors, officers, employees or agents, be liable to the Client for indirect or consequential losses, including any failure to realise any profit, advantage or opportunity. In case of non- execution or belated execution of an Instruction, damages shall be limited to commissions on the amount in question from the date of the Instruction. Transactions will be presumed to have been executed in a timely manner and in substantial accordance with all Instructions, unless the Client objects to the relevant monthly report.
وأ ﺎﻬﻴﻔـﻇﻮـﻣ وأ ﺎﻬﻴـﻟوﺆﺴـﻣ وأ ﺎﻬـﺋارﺪـﻣ وأ ﺔﻌـﺑﺎﺘـﻟا ﺎﻬـﺗﺎـﻛﺮـﺷ ﻦـﻣ يأ وأ ﺔـﻛﺮـﺸﻟا ﻞﻤـﺤﺘﺗ ﻻ 29.2 ﻼﻣﺎﺷ ،ﺔﻴﻌﺒﺘﻟا وأ ةﺮﺷﺎﺒﻤﻟا ﺮﻴﻏ ﺮﺋﺎﺴﺨﻟا ﻦﻋ ﻞﻴﻤﻌﻟا هﺎﺠﺗ ﺔﻴﻟوﺆﺴﻣ ﺔﻳأ فﺮﻇ يأ ﺖﺤﺗ ﺎﻬﺋﻼﻛو ﺮـﺧﺄﺘـﻟا وأ تﺎﻤﻴﻠﻌﺘـﻟا ﺬﻴﻔﻨـﺗ مﺪـﻋ ﺔـﻟﺎـﺣ ﻲـﻓو .صﺮـﻓ وأ ựـﺳﺎﻜـﻣ وأ حﺎـﺑرأ ﺔـﻳأ ﻖﻴﻘﺤـﺗ مﺪـﻋ ﻚـﻟذ ﺦـــﻳرﺎـــﺗ ﻦـــﻣ ﻲﻨﻌﻤـــﻟا ﻎﻠﺒﻤـــﻟﺎـــﺑ ﺔﻄﺒـــﺗﺮﻤـــﻟا ﺔـــﻟﻮﻤﻌـــﻟا ﻲـــﻓ ﺮـــﺋﺎﺴﺨـــﻟا ﺮﺼﺤﻨـــﺗ فﻮـــﺳ ،ﺎـــﻫﺬﻴﻔﻨـــﺗ ﻲـــﻓ تﺎﻤﻴﻠﻌﺘﻠـﻟ ً ﺎﻘـﻓوو دﺪـﺤﻤﻟا ﺖـﻗﻮـﻟا ﻲـﻓ ﺖﻤـﺗ ﺪـﻗ تﺎﻘﻔﺼـﻟا نأ ضاﺮﺘـﻓا ﻢﺘـﻳ فﻮـﺳو .تﺎﻤﻴﻠﻌﺘـﻟا
.ﺔﻗﻼﻌﻟا يذ يﺮﻬﺸﻟا ﺮﻳﺮﻘﺘﻟا ﻰﻠﻋ ﻞﻴﻤﻌﻟا ﻞﺒﻗ ﻦﻣ ضاﺮﺘﻋﻻا ﻢﺗ اذإ ﻻإ
29.Riyad Capital’s Responsibilities
29.1 The Company shall not be held liable for any losses that may be suffered by the Client; and specifically, the Company shall not be held liable for losses or expenses which may re- suit from any of the following:
1) Unintentionally delivering the wrong Securities or related legal papers, except in the case of negligence;
2) Unavoidable delays in the purchase, sale, receipt, or delivery of Securities or in receiving dividends or interest income;
3) The suspension of trading or the closure of the financial markets for any reason;
4) Volatility of market prices or the lack of market liquidity which causes deterioration in the prices of Securities and Commodities in general;
5) Partial or total failure of communication systems due to uncontrollable technical difficulties;
6) The absence of validity, authenticity, legality, or continuity in Securities trading for any reason;
7) Losses which may result from the failure, bankruptcy, illiquidity, financial difficulty, or the error or omissions of any of the Company’s correspondents, brokers, advisors, contra party purchasers or sellers, securities exchanges, custodians, or over- the-counter markets )OTC(. In such case, the Company shall not be responsible for pursuing any of these parties, whether in courts of law or otherwise, for the purpose of collecting Client’s funds or Securities, or related damages. Nonetheless, without any explicit responsibility on its part, and without any guarantee of the existence or adequacy of insurance coverage, the Company shall accept and keep for the Client’s account and benefit any funds or Securities which it may receive under a bankruptcy settlement, an out of court settlement upon liquidation, or otherwise;
8) Any losses which may result from fraud, deceit, counterfeit, errors, or irregularities in Securities dealing for which the Company is not responsible;
9) Foreign exchange related losses.
10) Losses caused by any other reasons beyond the Company’s
ﺔﻴﻟﺎﻤﻟا ضﺎﻳﺮﻟا ﺔﻛﺮﺷ تﺎﻴﻟوﺆﺴﻣ.29
نﻮﻜـﺗ ﻦـﻟ ،ﺔـﺻﺎـﺧ ﺔﻔﺼـﺑو ،ﻞﻴﻤﻌـﻟا ﺎـﻫﺪﺒﻜﺘـﻳ ﺮـﺋﺎﺴـﺧ ﺔـﻳأ ﻦـﻋ ﺔﻴـﻟوﺆﺴـﻣ ﺔـﻳأ ﺔـﻛﺮـﺸﻟا ﻞﻤـﺤﺘﺗ ﻻ 29.1
:ﻲﻟﺎﺘﻟا ﻦﻣ يأ ﻦﻋ ﺞﺘﻨﺗ ﻲﺘﻟا تﺎﻓوﺮﺼﻤﻟا وأ ﺮﺋﺎﺴﺨﻟا ﻦﻋ ﺔﻟوﺆﺴﻣ ﺔﻛﺮﺸﻟا
ﻢــﻟﺎــﻣ ﺎﻬــﺑ ﺔﻘﻠﻌﺘﻤــﻟا ﺔﻴــﻧﻮــﻧﺎﻘــﻟا قاروﻻا وأ ﺔﻴــﻟﺎﻤــﻟا قاروﻻا ﻢﻴﻠــﺴﺗ ﻲــﻓ دﻮﺼﻘﻤــﻟا ﺮﻴــﻏ ﺄﻄــﺨﻟا ( 1
.لﺎﻤﻫإ كﺎﻨﻫ ﻦﻜﻳ
ﻲـﻓ وأ ﺔﻴـﻟﺎﻤـﻟا قاروﻻا ﻢﻴﻠـﺴﺗ وأ مﻼﺘـﺳا وأ ﻊﻴـﺑ وأ ءاﺮـﺷ ﻲـﻓ ﻪﻴـﻓﻼـﺗ ﻦﻜﻤـﻳ ﻻ يﺬـﻟا ﺮﻴـﺧﺄﺘـﻟا ( 2
ﺪﺋاﻮﻔﻟا ﻞﺧد وأ ﻢﻬﺳﻻا حﺎﺑرأ مﻼﺘﺳا
.ựﺒﺳ يﻻ ﺔﻴﻟﺎﻤﻟا قاﻮﺳﻻا لﺎﻔﻗإ وأ لواﺪﺘﻟا ﻖﻴﻠﻌﺗ ( 3
رﺎﻌــﺳأ رﻮــﻫﺪــﺗ ﻲــﻓ ựﺒــﺴﺘﻳ ﺎﻤــﻣ قﻮﺴــﻟﺎــﺑ ﺔــﻟﻮﻴــﺳ دﻮــﺟو مﺪــﻋ وأ قﻮﺴــﻟا رﺎﻌــﺳأ بﺬــﺑﺬــﺗ ( 4
.مﺎﻋ ﻞﻜﺸﺑ ﻊﻠﺴﻟاو ﺔﻴﻟﺎﻤﻟا قاروﻻا
ﺎﻬﺑ ﻢﻜﺤﺘﻟا ﻦﻜﻤﻳ ﻻ ﻞﻛﺎﺸﻣ ựﺒﺴﺑ ﻲﻠﻛ وأ ﻲﺋﺰﺟ ﻞﻜﺸﺑ تﻻﺎﺼﺗﻻا مﺎﻈﻧ ﻞﻄﻌﺗ ( 5
xxx xx ﺎﻬﺘﻴﻋﺮﺷ وأ ﺎﻬﺘﺤﺻ مﺪﻋ وأ ﺔﻴﻟﺎﻤﻟا قاروﻻا لواﺪﺗ ﻲﻓ راﺮﻤﺘﺳﻻا ﺔﻴﺣﻼﺻ مﺪﻋ ( 6
وأ ﺄﻄــﺨﻟا وأ ،ﺔﻴــﻟﺎﻤــﻟا ﻞــﻛﺎﺸﻤــﻟا ،ﺔــﻟﻮﻴــﺴﻟا مﺪــﻋ ،سﻼــﻓﻻا ،ﺰــﺠﻌﻟا ﻦــﻋ ﺞﺘﻨــﺗ ﻲﺘــﻟا ﺮــﺋﺎﺴﺨــﻟا ( 7 ﺔﺒـﺴﻨﻟﺎـﺑ ﻦﻴﻌـﺋﺎﺒـﻟا وأ ﻦـﻳﺮﺘـﺸﻤﻟا وأ ﺎﻬـﻳرﺎﺸﺘـﺴﻣ وأ ﺎﻬـﺋﺎﻄـﺳو وأ ﺔـﻛﺮـﺸﻟا ﻲﻠـﺳاﺮـﻣ ﻦـﻣ يﻻ ﺮﻴﺼﻘﺘـﻟا ﻲـﻓ (OTC) ﻲﻤـﺳﺮـﻟا قﻮﺴـﻟا xxxxx لدﺎﺒﺘـﻟا تﺎـﺻرﻮـﺑ وأ ﻆﻔـﺣ ﻦﻴـﻣأ وأ ﺔﻴـﻟﺎـﻣ قﻮـﺳ يﻻ وأ ،ﺎﻬـﻟ ضﺮﻐـﻟ وأ ﻢـﻛﺎﺤﻤـﻟا ﻲـﻓ فاﺮـﻃﻻا هﺬـﻫ ﻦـﻣ يأ ﺔﻘـﺣﻼـﻣ ﺔـﻛﺮـﺸﻟا ﺔﻴـﻟوﺆﺴـﻣ ﻦـﻣ ﺲﻴـﻟ ،ﺔـﻟﺎﺤـﻟا هﺬـﻫ ﻰــﻧدأ نوﺪــﺑو ،ﻚــﻟذ ﻊــﻣو .ﻚــﻟﺬــﺑ ﺔﻘﻠﻌﺘﻤــﻟا راﺮــﺿﻻا وأ ﺔﻴــﻟﺎﻤــﻟا ﻪــﻗاروأ وأ ﻞﻴﻤﻌــﻟا لاﻮــﻣأ ﻞﻴﺼﺤــﺗ ﻞﺒﻘـﺗ فﻮـﺳ ،ﺔﻴﻨﻴـﻣﺄﺘـﻟا ﺔﻴﻄﻐﺘـﻟا ﺔـﻳﺎﻔـﻛ xx xxxxxxx نﺎﻤـﺿ يأ نوﺪـﺑو ﺔـﻛﺮـﺸﻟا ựـﻧﺎـﺟ ﻦـﻣ ﺔﻴـﻟوﺆﺴـﻣ ﺔـﻳﻮﺴـﺗ ựـﺟﻮﻤـﺑ ﺎﻬﻤﻠﺘـﺴﺗ ﺔﻴـﻟﺎـﻣ قاروأ وأ لاﻮـﻣأ ﺔـﻳأ ﻪﺘﺤﻠﺼـﻣو ﻞﻴﻤﻌـﻟا بﺎﺴﺤـﻟ ﻆﻔﺤـﺗو ﺔـﻛﺮـﺸﻟا
.ﺮﺧآ ﻞﻜﺷ يﺄﺑ وأ ،ﺔﻴﻔﺼﺘﻟا ﺪﻨﻋ ﺔﻤﻜﺤﻤﻟا xxxx ﺔﻳﻮﺴﺗ وأ سﻼﻓإ
لواﺪــﺗ ﻲــﻓ تﺎﻔــﻟﺎﺨﻤــﻟا وأ ءﺎﻄــﺧﻻا وأ ﺮــﻳوﺰﺘــﻟا وأ ﺶﻐــﻟا وأ لﺎﻴﺘــﺣﻻا ﻦــﻋ ﺞﺘﻨــﺗ ﺮــﺋﺎﺴــﺧ ﺔــﻳأ ( 8
.ﺎﻬﻨﻋ ﺔﻟوﺆﺴﻣ ﺔﻛﺮﺸﻟا نﻮﻜﺗ ﻻو ﺔﻴﻟﺎﻤﻟا قاروﻻا
ﻲﺒﻨﺟﻷا فﺮﺼﻟﺎﺑ ﺔﻘﻠﻌﺘﻤﻟا ﺮﺋﺎﺴﺨﻟا ( 9
ﺔﻛﺮﺸﻟا ةﺮﻄﻴﺳ xxxx ىﺮﺧأ بﺎﺒﺳأ يأ ﻦﻋ ﺔﻤﺟﺎﻨﻟا ﺮﺋﺎﺴﺨﻟا ( 10
28.5 The Company shall be entitled to receive all fees and other sums due under this Agreement until the date of termination and to be compensated for all losses realised in settling or concluding outstanding obligations, and all costs and expenses incurred in effecting termination. Accordingly, the Company is hereby authorised, if the Client is unable to pay these fees and expenses, to deduct from the assets in the Investment Account such amounts as it believes necessary to pay all outstanding fees and amounts due, and, if necessary in the event of any shortage, the Client shall have to pay such outstanding fees. The Client acknowledges that the Company has the right not to transfer any Securities or balances to any other party until the Client has paid all amounts due by it, and in this case, the Company may sell any assets in the Portfolio in order to cover the outstanding amounts.
29.3 Without prejudice to the forgoing provisions of this Agreement, and for the avoidance of doubt, the Client expressly acknowledges and agrees that:
a) The Company makes no representation or warranty as to the performance or profitability of any Securities in the Portfolio and the Company shall have no liability or responsibility for any decline in the value of Securities or the Portfolio;
b) The Company shall not be responsible for the solvency or the due and proper performance of the obligations of any third party bank, clearing organisation, broker, intermediary, custodian, trustee, contractor or other service provider appointed or employed by the Company in good faith hereunder, as provided in Clause 18 above; but the Company shall, at its discretion, make available to the Client any claims rights as the Company may have against any such persons in relation to this Agreement;
c) The Company shall be entitled to rely, in the performance of its obligations hereunder, on the opinion and statements of third party professional advisors which it will select with reasonable care and instruct in good faith and shall not be liable to the Client for any adverse effect of having relied thereon;
d) The Company is not responsible for advising, and will not advise, the Client in respect of the tax position or affairs of the Client, or for investigating the application of any taxation law, regulation, treaty or practice to the Client or the Portfolio. The Client must seek independent professional advice on the subject, as it may consider fit.
29.4 The above limitations on the Company’s liability apply in so far as they are not inconsistent with the Company’s obligations under the Capital Market Law or the Laws and Regulations.
ﺦـﻳرﺎـﺗ ﻰـﻟإ ﺔﻴـﻗﺎﻔـﺗﻻا هﺬـﻫ ựـﺟﻮﻤـﺑ ىﺮـﺧﻻا ﻎـﻟﺎﺒﻤـﻟاو مﻮـﺳﺮـﻟا ﺔـﻓﺎـﻛ مﻼﺘـﺳا ﺔـﻛﺮـﺸﻠﻟ ﻖﺤـﻳ 28.5 ﻊﻴﻤـﺟو ،ﺔﻤـﺋﺎﻘـﻟا تﺎـﻣاﺰﺘـﻟﻻا ءﺎﻬـﻧإ وأ ﺔـﻳﻮﺴـﺗ ﻲـﻓ ﺔﻘﻘﺤﻤـﻟا ﺮـﺋﺎﺴﺨـﻟا ﻊﻴﻤـﺟ ﻦـﻋ ﺎﻬﻀـﻳﻮﻌـﺗو ءﺎﻬـﻧﻻا ﻲـﻓ ،ﺔـﺿﻮﻔـﻣ ﺔـﻛﺮـﺸﻟا نﻮﻜـﺗ اﺬـﻬﺑو ،ءﺎﻬـﻧﻻا ﺬﻴﻔﻨـﺗ ﻲـﻓ ﺎﻬﺘﻠﻤـﺤﺗ ﻲﺘـﻟا تﺎـﻓوﺮﺼﻤـﻟاو ﻒﻴـﻟﺎﻜﺘـﻟا ﻲــﻓ ﺔﻤــﺋﺎﻘــﻟا لﻮــﺻﻻا ﻦــﻣ ﻢﺼﺨــﺗ نﺄــﺑ ،ﻎــﻟﺎﺒﻤــﻟاو مﻮــﺳﺮــﻟا هﺬــﻫ داﺪــﺳ ﻦــﻋ ﻞﻴﻤﻌــﻟا ﺰــﺠﻋ لﺎــﺣ ﻎــﻟﺎﺒﻤــﻟاو مﻮــﺳﺮــﻟا ﺔــﻓﺎــﻛ داﺪــﺴﻟ ﺔــﻣزﻻ ﺎﻬــﻧأ ﺪﻘﺘﻌــﺗ ﻲﺘــﻟا ﻎــﻟﺎﺒﻤــﻟا ﻚﻠــﺗ يرﺎﻤﺜﺘــﺳﻻا بﺎﺴﺤــﻟا
.ﺔﻘﺤﺘــﺴﻤﻟا ﻎــﻟﺎﺒﻤــﻟا ﻊــﻓد ﻞﻴﻤﻌــﻟا ﻰﻠــﻋ ựﺠــﻳ ﺺﻘﻨــﻟا لﺎــﺣ ﻲــﻓ ، ً ﺎــﻳروﺮــﺿ نﺎــﻛ اذإو .ﺔﻘﺤﺘــﺴﻤﻟا ﻰـﻟإ ﺮـﺧآ فﺮـﻃ يﻻ ﺔﻴـﻟﺎﻤـﻟا ةﺪـﺻرﻻاو ﺔﻴـﻟﺎﻤـﻟا قاروﻻا ﻞـﻳﻮﺤـﺗ مﺪـﻋ ﺔـﻛﺮـﺸﻠﻟ زﻮﺠـﻳ ﻪـﻧأ ﻞﻴﻤﻌـﻟا ﺮﻘـﻳو مﻮﻘـﺗ نأ ﺔـﻛﺮـﺸﻠﻟ ﺔـﻟﺎﺤـﻟا هﺬـﻫ ﻲـﻓو ﻪﻴﻠـﻋ ﺔﻘﺤﺘـﺴﻤﻟا ﻎـﻟﺎﺒﻤـﻟا ﻞـﻣﺎـﻛ ﺪـﻳﺪـﺴﺘﺑ ﻞﻴﻤﻌـﻟا مﻮﻘـﻳ نأ
.ﺔﻘﺤﺘﺴﻤﻟا ﻎﻟﺎﺒﻤﻟا هﺬﻫ ءﺎﻔﻴﺘﺳا ﻞﺟأ ﻦﻣ ﺔﻈﻔﺤﻤﻟا ﻲﻓ لﻮﺻﻻا ﻦﻣ يأ ﻊﻴﺒﺑ
ﺔــﺣاﺮــﺻ ﻞﻴﻤﻌــﻟا ﺮﻘــﻳ ،ﻚﺸﻠــﻟ ﺎﻌﻨــﻣو ،ﺔﻴــﻗﺎﻔــﺗﻻا هﺬــﻬﻟ ﺔــﻣﺪﻘﺘﻤــﻟا طوﺮــﺸﻟﺎــﺑ لﻼــﺧﻻا نوﺪــﺑ 29.3
:نأ ﻰﻠﻋ ﻖﻓاﻮﻳو
ﺎﻬﺘﻴﺤـﺑر وأ ﺔﻈﻔﺤﻤـﻟا ﻲـﻓ ﺔﻴـﻟﺎـﻣ قاروأ يأ ءادأ ﻰـﻟإ ﺔﺒـﺴﻨﻟﺎـﺑ ﺎـﻧﺎﻤـﺿ وأ اراﺮـﻗإ مﺪﻘـﺗ ﻻ ﺔـﻛﺮـﺸﻟا ( 1
ﺔﻈﻔﺤﻤﻟا وأ ﺔﻴﻟﺎﻤﻟا قاروﻻا ﺔﻤﻴﻗ ﻲﻓ ضﺎﻔﺨﻧا يأ ﻦﻋ ﺔﻴﻟوﺆﺴﻣ ﻰﻧدأ ﺔﻛﺮﺸﻟا ﻰﻠﻋ ﻊﻘﺗ ﻻو
ựــﺳﺎﻨﻤــﻟا ءادﻻا وأ تﺎــﻣاﺰﺘــﻟا يأ ءادأ ﻰﻠــﻋ ةرﺪﻘــﻟا ﻦــﻋ ﺔﻴــﻟوﺆﺴــﻣ ﺔــﻳأ ﺔــﻛﺮــﺸﻟا ﻞﻤــﺤﺘﺗ ﻻ ( 2 ﺮـﺧآ ﺔـﻣﺪـﺧ مﺪﻘـﻣ وأ ﺪـﻬﻌﺘﻣ وأ ﻆﻔـﺣ ﻦﻴـﻣأ وأ ﻂﻴـﺳو وأ ﺔـﺻﺎﻘـﻣ ﺔﺴـﺳﺆـﻣ ،ﻚﻨـﺑ يأ تﺎـﻣاﺰﺘـﻟﻻ صﻮﺼﻨــﻣ ﻮــﻫ ﺎﻤــﻛ ،ﺔﻴــﻗﺎﻔــﺗﻻا هﺬــﻫ ựــﺟﻮﻤــﺑ ﺔﻴــﻧ ﻦﺴﺤــﺑ ﺔــﻛﺮــﺸﻟا ﻞﺒــﻗ ﻦــﻣ مﺪﺨﺘــﺴﻣ وأ xxxxxx xxxxxx ﺔــﻳأ ،ﺎــﻫﺮــﻳﺪﻘــﺗ ựــﺴﺣ ،ﻞﻴﻤﻌﻠــﻟ ﺔــﻛﺮــﺸﻟا ﺮــﻓﻮﺘــﺳ ﻦﻜــﻟو ،هﻼــﻋأ (18) ةﺮﻘﻔــﻟا ﻲــﻓ ﻪﻴﻠــﻋ
.ﺔﻴﻗﺎﻔﺗﻻا هﺬﻫ ﻞﺤﻤﺑ ﻖﻠﻌﺘﻳ ﺎﻤﻴﻓ صﺎﺨﺷﻻا ءﻻﺆﻫ ﻦﻣ يأ ﺪﺿ ﺎﻬﻳﺪﻟ ﺪﺟﻮﺗ ﺪﻗ ﺔﺒﻟﺎﻄﻣ
تﺎــﻧﺎﻴــﺑو يأر ﻰﻠــﻋ ﺔﻴــﻗﺎﻔــﺗﻻا هﺬــﻫ ựــﺟﻮﻤــﺑ ﺎﻬــﺗﺎــﻣاﺰﺘــﻟا ءادأ ﻲــﻓ ﺪﻤﺘﻌــﺗ نأ ﺔــﻛﺮــﺸﻠﻟ ﻖﺤــﻳ ( 3
نﻮﻜـﺗ ﻦـﻟو ،ﺔﻴـﻧ ﻦﺴﺤـﺑ ﻢﻬﻬـﺟﻮـﺗو ﺔﻘـﺋﺎـﻓ ﺔـﻳﺎﻨﻌـﺑ ﻢـﻫرﺎﺘﺨـﺗ ﻦـﻳﺬـﻟا ﻦـﻳﺮـﺧﻻا ﻦﻴﻴﻨﻬﻤـﻟا ﻦـﻳرﺎﺸﺘـﺴﻤﻟا
.ﻚﻟذ ﺎﻫدﺎﻤﺘﻋﻻ ﺔﻴﺒﻠﺳ ﺔﺠﻴﺘﻧ يأ ﻦﻋ ﻞﻴﻤﻌﻟا هﺎﺠﺗ ﺔﻟوﺆﺴﻣ
ﺎﻤﻴـﻓ ﻞﻴﻤﻌﻠـﻟ ةرﻮﺸـﻣ يأ ﻢـﻳﺪﻘﺘـﺑ مﻮﻘـﺗ ﻦـﻟو ﻢـﻳﺪﻘـﺗ ﻦـﻋ ﺔﻴـﻟوﺆﺴـﻣ ﻰـﻧدأ ﺔـﻛﺮـﺸﻟا ﻞﻤـﺤﺘﺗ ﻻ ( 4 وأ ةﺪـﻫﺎﻌـﻣ وأ ،مﺎﻈـﻧ وأ نﻮـﻧﺎـﻗ يأ ﻖﻴﺒﻄـﺗ ﺔـﺳارد ﻦـﻋ وأ ،ﻪـﻧوﺆـﺷ وأ ﻲﺒـﻳﺮﻀـﻟا ﻪﻌـﺿﻮـﺑ ﻖﻠﻌﺘـﻳ ﺔﻠﻘﺘــﺴﻣ ﺔﻴﻨﻬــﻣ ةرﺎﺸﺘــﺳا ﺬــﺧﺄــﻳ نأ ﻞﻴﻤﻌــﻟا ﻰﻠــﻋو .ﺔﻈﻔﺤﻤــﻟا وأ ﻞﻴﻤﻌــﻟا ﻰﻠــﻋ ﻲﺒــﻳﺮــﺿ ءاﺮــﺟإ
.ﺎﺒﺳﺎﻨﻣ هاﺮﻳ ﺎﻣ ựﺴﺣ عﻮﺿﻮﻤﻟا اﺬﻫ صﻮﺼﺨﺑ
ﺎﻬـﺗﺎـﻣاﺰﺘـﻟا ﻊـﻣ ضرﺎﻌﺘـﺗ ﻻ ﺖـﻧﺎـﻛ ﺎﻤـﻟﺎـﻃ ﺔـﻛﺮـﺸﻟا ﺔﻴـﻟوﺆﺴﻤـﻟ هﻼـﻋأ ةرﻮـﻛﺬﻤـﻟا دوﺪـﺤﻟا ﻖﺒﻄﻨـﺗ 29.4
.ﺔﻴﻣﺎﻈﻨﻟا ﺢﺋاﻮﻠﻟا وأ ﺔﻴﻟﺎﻤﻟا قﻮﺴﻟا مﺎﻈﻧ ựﺟﻮﻤﺑ
30.Indemnities
30.1 The Client shall indemnify the Company on demand )whether before or after termination of this Agreement( against any liability, loss, charge, demand, proceedings, cost or expense, including legal fees, that the Company may suffer, pay or incur as a result of or in connection with the performance by the Company in good faith of its obligations and Services under this Agreement, including )without limitation( entering into any Transaction with or for the Client, or acting upon any Instructions received from the Client, in respect of which the Client or any counterpart's or bank do not make good and timely delivery or payment, except if such costs, etc., are attributable to the gross negligence or wilful default of the person claiming indemnification. For the purpose of indemnification as aforesaid, references to the Company include its affiliated companies and any director, officer, employee or agent of the Company or any of its affiliated companies.
30.2 Promptly after receipt by the Company of a notice indicating the commencement of any action or proceeding or threatened action or proceeding in connection with any claim or demand that might give rise to the obligation of indemnity hereunder, the Company shall give written notice thereof to the Client, provided that the failure to give such notice shall not relieve the Client of the obligation of indemnity hereunder.
تﺎﻀﻳﻮﻌﺘﻟا.30
هﺬـــﻫ ءﺎﻬـــﻧإ ﺪﻌـــﺑ وأ ﻞﺒـــﻗ ءاﻮـــﺳ( ựﻠﻄـــﻟا ﺪﻨـــﻋ ﺔـــﻛﺮـــﺸﻟا ﺾـــﻳﻮﻌـــﺗ ﻞﻴﻤﻌـــﻟا ﻰﻠـــﻋ ựﺠـــﻳ 30.1
،تﺎـﻓوﺮﺼـﻣ وأ ﺔﻔﻠﻜـﺗ وأ ىوﺎـﻋد وأ ựﻠـﻃ وأ مﻮـﺳر وأ ةرﺎﺴـﺧ وأ ﺔﻴـﻟوﺆﺴـﻣ ﺔـﻳأ ﻦـﻋ )ﺔﻴـﻗﺎﻔـﺗﻻا وأ ựﺒــﺴﺑ ﺎﻬــﺑ ﻖﺤﻠــﺗ وأ ﺎﻬﻌــﻓﺪــﺗ وأ ﺔــﻛﺮــﺸﻟا ﺎــﻫﺪﺒﻜﺘــﺗ ﻲﺘــﻟا ﺔﻴــﻧﻮــﻧﺎﻘــﻟا بﺎﻌــﺗﻻا ﻚــﻟذ ﻲــﻓ ﺎﻤــﺑ ﻲــﻓ ﺎﻤــﺑ ،ﺔﻴــﻗﺎﻔــﺗﻻا هﺬــﻫ ựــﺟﻮﻤــﺑ ﺎﻬــﺗﺎــﻣﺪــﺧو ﺎﻬــﺗﺎــﻣاﺰﺘــﻟﻻ ﺔﻴــﻧ ﻦﺴﺤــﺑ ﺔــﻛﺮــﺸﻟا ءادأ صﻮﺼﺨــﺑ تﺎﻤﻴﻠﻌــﺗ يﺄــﺑ ﻞﻤﻌــﻟا وأ ﻪﺤــﻟﺎﺼــﻟ وأ ﻞﻴﻤﻌــﻟا ﻊــﻣ ﺔﻘﻔــﺻ ﺔــﻳأ ﻲــﻓ لﻮــﺧﺪــﻟا )ﺮﺼــﺣ نود( ﻚــﻟذ ﻲـﻓ ﻞـﻣﺎﻜـﻟا داﺪـﺴﻟا وأ ﻢﻴﻠـﺴﺘﻟﺎـﺑ ﻚﻨـﺑ وأ ﺮﻴﻈـﻧ فﺮـﻃ وأ ﻞﻴﻤﻌـﻟا مﻮﻘـﻳ ﻻو ﻞﻴﻤﻌـﻟا ﻦـﻣ ﺔﻤﻠﺘـﺴﻣ ﺮﻴﺼﻘﺘـﻟا وأ حدﺎﻔـﻟا لﺎﻤـﻫﻻا ﻰـﻟإ ىﺰﻌـﺗ ﻒﻴـﻟﺎﻜﺘـﻟا هﺬـﻫ ﺖـﻧﺎـﻛ اذإ ﻻإ ،ﺎﻬـﺻﻮﺼﺨـﺑ ựـﺳﺎﻨﻤـﻟا ﺖـﻗﻮـﻟا نﺈــﻓ ،ﺮــﻛذ ﺎﻤــﻛ ﺾــﻳﻮﻌﺘــﻟا ضﺮﻐــﻟو .ﺾــﻳﻮﻌﺘــﻟﺎــﺑ ựــﻟﺎﻄــﻳ يﺬــﻟا ﺺﺨﺸــﻟا ựــﻧﺎــﺟ ﻦــﻣ ﺪﻤﻌﺘﻤــﻟا وأ ﻒـﻇﻮـﻣ وأ لوﺆﺴـﻣ وأ ﺮـﻳﺪـﻣ يأو ﺎﻬـﻟ ﺔﻌـﺑﺎﺘـﻟا ﺔﻴـﻟﺎﻤـﻟا تﺎـﻛﺮـﺸﻟا ﻞﻤﺸـﺗ ﺔـﻛﺮـﺸﻟا ﻰـﻟإ تارﺎـﺷﻻا
.ﺎﻬﻟ ﺔﻌﺑﺎﺗ ﺔﻛﺮﺷ يﻻ وأ ﺎﻬﻟ ﻞﻴﻛو
دﻮـﺟﻮـﺑ وأ ﺔﻴﻀـﻗ وأ ىﻮـﻋد ﺔـﻳأ ءﺪﺒـﺑ ارﺎﻌـﺷإ ﺎﻬـﻣﻼﺘـﺳا ﺪﻌـﺑ ،ارﻮـﻓ ،ﺔـﻛﺮـﺸﻟا مﻮﻘـﺗ فﻮـﺳ 30.2 ựـﺟﻮﻤـﺑ ﺾـﻳﻮﻌﺘـﻟﺎـﺑ ماﺰﺘـﻟا ﻰـﻟإ يدﺆـﺗ ﺪـﻗ ﺔﺒـﻟﺎﻄـﻣ وأ ءﺎـﻋدا يأ نﺄﺸـﺑ ﺔﻠﻤﺘﺤـﻣ ﺔﻴﻀـﻗ وأ ىﻮـﻋد ﻦـﻟ رﺎﻌـﺷﻻا ﻚـﻟذ ﻪﻴـﺟﻮـﺗ مﺪـﻋ نأ ﻰﻠـﻋ ،ﻞﻴﻤﻌـﻟا ﻰـﻟإ ﻚـﻟﺬـﺑ ﻲﻄـﺧ رﺎﻌـﺷإ ﻪﻴـﺟﻮﺘـﺑ ،ﺔﻴـﻗﺎﻔـﺗﻻا هﺬـﻫ
.ﺔﻴﻗﺎﻔﺗﻻا هﺬﻫ ựﺟﻮﻤﺑ ﺾﻳﻮﻌﺘﻟا ماﺰﺘﻟا ﻦﻣ ﻞﻴﻤﻌﻟا ﻲﻔﻌﻳ
27
31.Client Representations
31.1 The Client acknowledges having read and understood this Agreement, and agrees that this Agreement and the Investment Account Agreement will govern the Client’s relationship with the Company regarding the Services provided for under both agreements.
31.2 All details given by the Client to the Company in relation to the Client and the Client’s financial position in the Investment Account Agreement and otherwise are and will continue to be considered as complete and accurate representations and shall not deemed to be misleading in any respect.
31.3 Any Client being a legal entity represents and warrants that it has obtained all necessary consents and taken all necessary action )including any action required under its constitutive documents( to authorise it to enter into this Agreement and to perform its obligations hereunder.
31.4 The Client represents and accepts that an investment in Securities, Commodities and options involves a risk of loss as well as an opportunity for profits, and it therefore acknowledges that it may be difficult or impossible to liquidate an existing position
31.5 The Client undertakes to abide by the rules of any securities association, registered securities exchange or clearing house whenever and wherever the Client transacts in Securities, including trading limits relating to price, quantity or type of Securities, the number of trades or open or exercisable investments or positions, and any applicable limits relating to margin or options.
31.6 The Client acknowledges that it is the Client’s responsibility to understand all of the relevant characteristics and consequences of each order, trade, Transaction or Instruction the Client places with the Company. The Client agrees that it is solely responsible for being fully aware of and understanding all the rights, terms, obligations, characteristics, risks and financial hazards of the Securities, and all of the rules, regulations, mechanisms, characteristics and nature of the markets and exchanges where they are traded.
31.7 The Client agrees, in respect of this Agreement, that the Company may suspend the provision of Services to the Client and prevent it from trading using any available means, and prevent the Client from using any services, products or electronic channels provided to it, if the Client violates the Laws and Regulations.
31.8 The Client acknowledges and agrees to the terms and conditions of this Agreement and further represents that this Agreement represents the entire agreement between the Company and the Client and replaces all written and oral agreements or correspondences relating to this Agreement and other agreements concerning this account or any similar trading methods.
31.9 The Client acknowledges that it met all the legal requirements and that it is permitted and authorised to implement and perform all its obligations under this Agreement and the account, and that the Company will not offer the Client any Services that are forbidden to it under the law.
31.10 If the Client is a company, it acknowledges and warrants that it is duly licensed and registered under the applicable laws of the Kingdom of Saudi Arabia, that it is authorised to execute and perform all of its obligations under the account and this Agreement, that such execution and performance are within the scope of the Company and )if applicable( consistent with the Memorandum or Articles of Association, Partnership Agreement and Company’s resolution and that they do not conflict with any regulations or government orders, that the person)s( entering into this Agreement on behalf of the company have been duly authorised to do so, and that their obligations under this Agreement are binding.
ﻞﻴﻤﻌﻟا تاراﺮﻗإ.31
ﻰــﻟإ ﺔــﻓﺎــﺿﻻﺎــﺑ ﺔﻴــﻗﺎﻔــﺗﻻا هﺬــﻫ نأ ﻰﻠــﻋو ،ﺔﻴــﻗﺎﻔــﺗﻻا هﺬــﻫ ﻢﻬــﻓو أﺮــﻗ ﻪــﻧﺄــﺑ ﻞﻴﻤﻌــﻟا ﺮﻘــﻳ 31.1
صﻮﺼﻨﻤــﻟا تﺎــﻣﺪــﺨﻟﺎــﺑ ﻖﻠﻌﺘــﻳ ﺎﻤﻴــﻓ ﺔــﻛﺮــﺸﻟﺎــﺑ ﻪﺘــﻗﻼــﻋ نﺎﻤﻜﺤــﺗ يرﺎﻤﺜﺘــﺳﻻا بﺎﺴﺤــﻟا ﺔﻴــﻗﺎﻔــﺗا
ﻦﻴﺘﻴﻗﺎﻔﺗﻻا ﺎﺘﻠﻛ ﻲﻓ ﺎﻬﻴﻠﻋ
ﻲـﻓ ﻲـﻟﺎﻤـﻟا هﺰـﻛﺮـﻣو ﻪـﺑ ﻖﻠﻌﺘـﻳ ﺎﻤﻴـﻓ ﺔـﻛﺮـﺸﻟا ﻰـﻟإ ﻞﻴﻤﻌـﻟا ﻦـﻣ ﺔـﻣﺪﻘﻤـﻟا تﺎـﻧﺎﻴﺒـﻟا ﺔـﻓﺎـﻛ نإ 31.2
ﺮﻴـﻏو ﺔﻘﻴـﻗدو ﺔﻠـﻣﺎـﻛ تاراﺮـﻗإ ﺎﻬـﻧأ ﻰﻠـﻋ ﺎـﻫرﺎﺒﺘـﻋا ﻢﺘﻴـﺳ ،ﺎـﻫﺮﻴـﻏو يرﺎﻤﺜﺘـﺳﻻا بﺎﺴﺤـﻟا ﺔﻴـﻗﺎﻔـﺗا
ﻚﻟﺬﻛ ﻞﻈﺘﺳو ،ﻞﻜﺷ يﺄﺑ ﺔﻠﻠﻀﻣ
تﺎﻘـﻓاﻮﻤـﻟا ﺔـﻓﺎـﻛ ﻰﻠـﻋ ﻞﺼـﺣ ﺪـﻗ ﻪـﻧا ﻰﻠـﻋ ﻦﻤﻀـﻳو ﺮﻘـﻳ ﺎـﻳرﺎﺒﺘـﻋا ﺎﺼﺨـﺷ ﻞﻴﻤﻌـﻟا نﺎـﻛ اذا 31.3
ﻪﻘــﺋﺎــﺛو ựــﺟﻮﻤــﺑ بﻮﻠﻄــﻣ ءاﺮــﺟا يا ﻚــﻟذ ﻼــﻣﺎــﺷ) ﺔــﻣزﻼــﻟا تاءاﺮــﺟﻻا ﻊﻴﻤــﺟ ﺬــﺨﺗاو ﺔــﻳروﺮﻀــﻟا
.ﻪﺒﺟﻮﻤﺑ ﻪﺗﺎﻣاﺰﺘﻟا يدﺆﻳ ناو ﺔﻴﻗﺎﻔﺗﻻا هﺬﻫ ﻲﻓ لﻮﺧﺪﻟﺎﺑ ﻪﻀﻳﻮﻔﺘﻟ (ﺔﻴﺴﻴﺳﺄﺘﻟا
ﻰﻠــﻋ يﻮﻄﻨــﻳ تارﺎﻴﺨــﻟاو ﻊﻠــﺴﻟاو ﺔﻴــﻟﺎﻤــﻟا قاروﻻا ﻲــﻓ رﺎﻤﺜﺘــﺳﻻا نأ ﻞﺒﻘــﻳو ﻞﻴﻤﻌــﻟا ﺮﻘــﻳ 31.4
وأ ựﻌﺼـﻟا ﻦـﻣ نﻮﻜـﻳ ﺪـﻗ ﻪـﻧأ ﻰﻠـﻋ ﻖـﻓاﻮـﻳو ،حﺎـﺑرﻻا ﻖﻴﻘﺤـﺗ صﺮـﻓ ﻚـﻟﺬـﻛو ةرﺎﺴـﺧ ﺪﺒﻜـﺗ ﺮـﻃﺎﺨـﻣ
ﺎﻣ ﺰﻛﺮﻣ ﺔﻴﻔﺼﺗ ﺔﻨﻴﻌﻣ فوﺮﻇ ﻲﻓ ﻞﻴﺤﺘﺴﻤﻟا
وأ ﺔﻠــﺠﺴﻣ ﺔﻴــﻟﺎــﻣ قﻮــﺳ وأ ﺔﻴــﻟﺎﻤــﻟا قاروﻼــﻟ ﺔﻴﻌﻤــﺟ يأ ﺪــﻋاﻮﻘــﺑ ﺪﻴﻘﺘــﻟﺎــﺑ ﻞﻴﻤﻌــﻟا ﺪــﻬﻌﺘﻳ 31.5 لواﺪﺘــﻟا دوﺪــﺣ ﻚــﻟذ ﻲــﻓ ﺎﻤــﺑ ،ﺔﻴــﻟﺎﻤــﻟا قاروﻻﺎــﺑ ﻞﻴﻤﻌــﻟا ﻞــﻣﺎﻌﺘــﻳ ﺎﻤﺜﻴــﺣو ﺎﻤﻠــﻛ ﺔــﺻﺎﻘــﻣ ﺔــﻓﺮــﻏ وأ تارﺎﻤﺜﺘــﺳﻻا وأ ،تﺎﻘﻔﺼــﻟا دﺪــﻋ وأ ﺔﻴــﻟﺎﻤــﻟا قاروﻻا عﻮــﻧ وأ ﺔﻴﻤﻜــﻟا وأ رﺎﻌــﺳﻻﺎــﺑ ﺔﻘﻠﻌﺘﻤــﻟا تارﺎﻴﺨﻟا وأ ﺶﻣﺎﻬﻟا ﻰﻠﻋ ﺔﻘﺒﻄﻣ دوﺪﺣ يأو ،ﺬﻴﻔﻨﺘﻠﻟ ﺔﻠﺑﺎﻘﻟا وأ ﺔﺣﻮﺘﻔﻤﻟا ﺰﻛاﺮﻤﻟا
وأ لواﺪـﺗ وأ ﺮـﻣأ ﻞﻜـﻟ ﺔﻠﺼـﻟا تاذ ﺞـﺋﺎﺘﻨـﻟاو ﺺـﺋﺎﺼﺨـﻟا ﻞـﻛ ﻢﻬـﻓ ﺔﻴـﻟوﺆﺴـﻣ نﺄـﺑ ﻞﻴﻤﻌـﻟا ﺮﻘـﻳ 31.6 ﻰﻠـﻋ ً ﺎﻀـﻳأ ﻞﻴﻤﻌـﻟا ﻖـﻓاﻮـﻳو .هﺪـﺣو ﻪﻴﻠـﻋ ﻊﻘـﺗ ﺔـﻛﺮـﺸﻟا ىﺪـﻟ ﻞﻴﻤﻌـﻟا ﺎﻬـﻋدﻮـﻳ تﺎﻤﻴﻠﻌـﺗ وأ ﺔﻘﻔـﺻ ﺺــﺋﺎﺼﺨــﻟاو تﺎــﻣاﺰﺘــﻟﻻاو مﺎﻜــﺣﻻاو قﻮﻘﺤــﻟا ﻞــﻛ ﻢﻬــﻓو كاردإ ﺔﻴــﻟوﺆﺴــﻣ هﺪــﺣو ﻞﻤــﺤﺘﻳ ﻪــﻧأ ﺢــﺋاﻮﻠــﻟاو ﺪــﻋاﻮﻘــﻟاو ،ﺔﻴــﻟﺎﻤــﻟا قاروﻻﺎــﺑ ﺔﻘﻠﻌﺘﻤــﻟا ﺔﻴــﻟﺎﻤــﻟا ﺮــﻃﺎﺨﻤــﻟاو تﺎــﻓزﺎﺠﻤــﻟاو ﺔﻌﻴﺒﻄــﻟاو قاروﻻا ﻲــﻓ لواﺪﺘــﻟا ﺎﻬﻴــﻓ ﻢﺘــﻳ ﻲﺘــﻟا ﺔﻴــﻟﺎﻤــﻟا قاﻮــﺳﻻا ﺔــﻓﺎﻜــﻟ ﺺــﺋﺎﺼﺨــﻟاو تﺎﻴــﻟﻻاو ﺔﻤﻈــﻧﻻاو
.ﺔﻴﻟﺎﻤﻟا
ﻊﻴﻤـﺠﺑ لواﺪﺘـﻟا ﻦـﻣ ﻪﻌﻨـﻣو ﻞﻴﻤﻌﻠـﻟ تﺎـﻣﺪـﺨﻟا ﻢـﻳﺪﻘـﺗ فﺎﻘـﻳإ ﺔـﻛﺮـﺸﻠﻟ ﻖﺤـﻳ ﻪـﻧﺄـﺑ ﻞﻴﻤﻌـﻟا ﺮﻘـﻳ 31.7
ﻪـﻟ ﺔـﻣﺪﻘﻤـﻟا ﺔﻴـﻧوﺮﺘﻜـﻟﻻا تاﻮﻨﻘـﻟاو تﺎﺠﺘﻨﻤـﻟاو تﺎـﻣﺪـﺨﻟا ﻦـﻣ ةدﺎﻔﺘـﺳﻻا ﻦـﻣو ﺔـﺣﺎﺘﻤـﻟا ﻞـﺋﺎـﺳﻮـﻟا
ﺢﺋاﻮﻠﻟاو ﺔﻤﻈﻧﻻا ﺔﻔﻟﺎﺨﻤﺑ ﻞﻴﻤﻌﻟا مﺎﻗ اذإ
ﺬﻴﻔﻨﺘــﺑ ﻪــﻟ حﺮﺼــﻣو لﻮﺨــﻣ ﻪــﻧأو ﺔﻴــﻣﺎﻈﻨــﻟا تﺎﺒﻠﻄﺘﻤــﻟا ﻊﻴﻤــﺟ ﻰــﻓﻮﺘــﺳا ﻪــﻧﺄــﺑ ﻞﻴﻤﻌــﻟا ﺮﻘــﻳ 31.8
تﺎـﻣﺪـﺨﻟا ﻪـﻟ مﺪﻘـﺗ ﻦـﻟ ﺔـﻛﺮـﺸﻟا نﺄـﺑو ،ﺔﻴـﻗﺎﻔـﺗﻻا هﺬـﻫو بﺎﺴﺤـﻟا ựـﺟﻮﻤـﺑ ﻪـﺗﺎـﻣاﺰﺘـﻟا ﻊﻴﻤـﺟ ءاداو
ﺎﻴﻣﺎﻈﻧ ﻪﻨﻋ ﻊﻨﻤﺗ ﻲﺘﻟا
ựــﺟﻮﻤــﺑ لﻮــﺻﻻا ựــﺴﺣ ﻞــﺠﺴﻣو ﺺــﺧﺮــﻣ ﻪــﻧﺄــﺑ ﺪــﻬﻌﺘﻳو ﺮﻘــﻳ ،ﺔــﻛﺮــﺷ ﻞﻴﻤﻌــﻟا نﺎــﻛ اذإ 3 1.10 ءاداو ﺬﻴﻔﻨﺘـﺑ ﻪـﻟ حﺮﺼـﻣو لﻮﺨـﻣ ﻪـﻧأو ،ﺔـﻳدﻮﻌﺴـﻟا ﺔﻴـﺑﺮﻌـﻟا ﺔﻜﻠﻤﻤـﻟا ﻲـﻓ ﺎﻬـﺑ لﻮﻤﻌﻤـﻟا ﺔﻤﻈـﻧﻻا قﺎﻄـﻧ ﻦﻤـﺿ نﺎﻌﻘـﻳ ءادﻻاو ﺬﻴﻔﻨﺘـﻟا اﺬـﻫ ناو .ﺔﻴـﻗﺎﻔـﺗﻻا هﺬـﻫو بﺎﺴﺤـﻟا ựـﺟﻮﻤـﺑ ﻪـﺗﺎـﻣاﺰﺘـﻟا ﻊﻴﻤـﺟ راﺮـﻗو ﺔـﻛاﺮـﺸﻟا ﺔﻴـﻗﺎﻔـﺗاو ﺲﻴـﺳﺄﺘـﻟا ﺪﻘـﻋ وأ ةﺮـﻛﺬـﻣ ﻊـﻣ )ﻚـﻟذ ﻖﺒﻄـﻧا اذإ( نﺎﻘﻔﺘـﻳو ﺔـﻛﺮـﺸﻟا ﻞﻤـﻋ ﻦـﻳﺬـﻟا صﺎﺨـﺷﻻا وأ ﺺﺨﺸـﻟا نأو ﺔﻴـﻣﻮﻜـﺣ ﺮـﻣاوأ وأ ﺔﻴـﻣﺎﻈـﻧ ﺢـﺋاﻮـﻟ ﺔـﻳأ ﻊـﻣ نﺎﻀـﻗﺎﻨﺘـﻳ ﻻو ﺔـﻛﺮـﺸﻟا نأو ،لﻮـﺻﻻا ựـﺴﺣ ﻚـﻟﺬـﺑ )ﻢﻬﻀـﻳﻮﻔـﺗ( ﻪﻀـﻳﻮﻔـﺗ ﻢـﺗ ﺪـﻗ ﻞﻴﻤﻌـﻟا ﻦـﻋ ﺔـﺑﺎﻴـﻧ ﺔﻴـﻗﺎﻔـﺗﻻا هﺬـﻫ نﻮـﻣﺮﺒـﻳ
.ﺔﻣﺰﻠﻣ ﺔﻴﻗﺎﻔﺗﻻا هﺬﻫ ﻰﻀﺘﻘﻤﺑ(ﻢﻬﺗﺎﻣاﺰﺘﻟا) ﻪﺗﺎﻣاﺰﺘﻟا
31.11 The Client acknowledges that the Company may revoke this Agreement in the event of any manipulation or distortion of information provided by the Client or any future information provided by the Client who shall then incur all accruing losses and damages.
31.12 In case the Client is operating omnibus accounts for its customers, it further represents and covenants:
1) that it is regulated by the CMA or other relevant regulatory body, holds all necessary licenses or permits to carry on its activities, and has established customer account opening, know your customer, suitability, and anti-money laundering procedures, including a process for verifying the identity of its customers, and that it will continue to conduct said procedures in relation to each of its customers;
2) that it is responsible for all reporting and communication with its customers, including providing confirmations and periodic statements to, and responding to enquiries from, its customers; and
3) that it is properly licensed and registered under the laws of the Kingdom of Saudi Arabia or other relevant regulations, that it is empowered and authorised to execute and perform all of its obligations under the account, that such execution and performance are consistent with its corporate documents and that the person)s( entering into this Agreement on behalf of the Client have been duly authorised to do so, and that its obligations under this Agreement are binding.
تﺎـﻣﻮﻠﻌﻤﻠـﻟ ﻒـﻳﺮـﺤﺗ وأ ựـﻋﻼـﺗ يأ ﺔـﻟﺎـﺣ ﻲـﻓ ﺪﻘﻌـﻟا ءﺎﻐـﻟإ ﺔـﻛﺮـﺸﻠﻟ ﻖﺤـﻳ ﻪـﻧﺄـﺑ ﻞﻴﻤﻌـﻟا ﺮﻘـﻳ 31.11
يﺬــﻟا ﻞﻴﻤﻌــﻟا ﻞﺒــﻗ ﻦــﻣ ً ﻼﺒﻘﺘــﺴﻣ ﺎــﻫﺪــﻳوﺰــﺗ ﻢﺘــﻳ تﺎــﻣﻮﻠﻌــﻣ ﺔــﻳأ وأ ﻞﻴﻤﻌــﻟا ﻞﺒــﻗ ﻦــﻣ ﺔــﻣﺪﻘﻤــﻟا
ﻚﻟذ ﻦﻋ ﻢﺠﻨﺗ ﻲﺘﻟا راﺮﺿﻻاو ﺮﺋﺎﺴﺨﻟا ﻊﻴﻤﺟ ﻞﻤﺤﺘﻳ
ﺮﻘـﻳ ﻪـﻧﺈـﻓ ،ﻪـﺋﻼﻤﻌـﻟ omnibus account)) ﺎﻌـﻣﺎـﺟ ﺎـﺑﺎﺴـﺣ ﻞﻐﺸـﻳ ﻞﻴﻤﻌـﻟا نﺎـﻛ لﺎـﺣ ﻲـﻓ 31.12
:ﻲﻠﻳ ﺎﻤﺑ ﺪﻬﻌﺘﻳو ﺎﻀﻳأ
تاذ ﺔﻴﻤﻴﻈﻨﺘـﻟا تﺎﺌﻴـﻬﻟا ﻦـﻣ ﺎـﻫﺮﻴـﻏ وأ ﺔﻴـﻟﺎﻤـﻟا قﻮﺴـﻟا ﺔﺌﻴـﻫ ﻞﺒـﻗ ﻦـﻣ ﻪﻴﻠـﻋ فاﺮـﺷﻻا ﻢﺘـﻳ ﻪـﻧأ ( 1 ﺢﺘﻔـﻟ تاءاﺮـﺟإ ﻊـﺿو ﻪـﻧأو ،ﻪﺘﻄـﺸﻧأ ﺔـﻟواﺰﻤـﻟ ﺔـﻣزﻼـﻟا ﺢـﻳرﺎﺼﺘـﻟا وأ ﺺﻴـﺧاﺮﺘـﻟا ﻊﻴﻤـﺟ ﻪـﻳﺪـﻟو ،ﺔﻠﺼـﻟا ﻲـﻓ ﺎﻤـﺑ لاﻮـﻣﻻا ﻞـﺴﻏ ﺔﺤـﻓﺎﻜـﻣو ﺔـﻣءﻼﻤـﻟا تاءاﺮـﺟإو “ﻚﻠﻴﻤـﻋ فﺮـﻋا” تاءاﺮـﺟإو ءﻼﻤﻌـﻟا بﺎﺴـﺣ هﺬـــﻫ ﻞﺜـــﻣ ذﺎﺨـــﺗا ﻲـــﻓ ﺮﻤﺘـــﺴﻳ فﻮـــﺳ ﻪـــﻧأو ،ءﻼﻤﻌـــﻟا ﻚﺌـــﻟوأ ﺔـــﻳﻮـــﻫ ﻦـــﻣ ﻖﻘﺤﺘـــﻟا ﺔﻴﻠﻤـــﻋ ﻚـــﻟذ
.ﻪﺋﻼﻤﻋ ﻦﻣ ﻞﻴﻤﻋ ﻞﻜﺑ ﻖﻠﻌﺘﻳ ﺎﻤﻴﻓ تاءاﺮﺟﻻا
ﻢــﻫﺪــﻳوﺰــﺗ ﻚــﻟذ ﻲــﻓ ﺎﻤــﺑ ﻪــﺋﻼﻤــﻋ ﻊــﻣ تﻻﺎﺼــﺗﻻاو ﺮــﻳرﺎﻘﺘــﻟا ﻊﻴﻤــﺟ ﻦــﻋ ﻻوﺆﺴــﻣ نﻮﻜــﻳ نأ ( 2
.ﻢﻬﺗارﺎﺴﻔﺘﺳا ﻰﻠﻋ دﺮﻟاو ﺔﻳرود تﺎﻧﺎﻴﺑو تاﺪﻴﻛﺄﺘﺑ
وأ ﺔـﻳدﻮﻌﺴـﻟا ﺔﻴـﺑﺮﻌـﻟا ﺔﻜﻠﻤﻤـﻟا ﺔﻤﻈـﻧأ ựـﺟﻮﻤـﺑ ﻞـﺠﺴﻣ ﻪـﻧأو لﻮـﺻﻻا ựـﺴﺣ ﻪﺼﻴـﺧﺮـﺗ ﻢـﺗ ﻪـﻧأ ( 3
،بﺎﺴﺤـﻟا رﺎـﻃإ ﻲـﻓ ﻪـﺗﺎـﻣاﺰﺘـﻟا ﺔـﻓﺎـﻛ ءاداو ﺬﻴﻔﻨﺘـﺑ ﻪـﻟ حﺮﺼـﻣو لﻮﺨـﻣ ﻪـﻧأو ،ﺔـﻗﻼـﻋ تاذ ﺔﻤﻈـﻧأ يأ نﻮـﻣﺮﺒـﻳ ﻦـﻳﺬـﻟا صﺎﺨـﺷﻻا وأ ﺺﺨﺸـﻟا نأو ﺔـﻛﺮـﺸﻟا ﻖـﺋﺎـﺛو ﻊـﻣ نﺎﻘﻔﺘـﻳ ءادﻻاو ﺬﻴﻔﻨﺘـﻟا اﺬـﻫ نأو نأو ،لﻮــﺻﻻا ựــﺴﺣ ﻚــﻟﺬــﺑ )ﻢﻬﻀــﻳﻮﻔــﺗ( ﻪﻀــﻳﻮﻔــﺗ ﻢــﺗ ﺪــﻗ ﻞﻴﻤﻌــﻟا ﻦــﻋ ﺔــﺑﺎﻴــﻧ ﺔﻴــﻗﺎﻔــﺗﻻا هﺬــﻫ
.ﺔﻣﺰﻠﻣ ﺔﻴﻗﺎﻔﺗﻻا هﺬﻫ ﻰﻀﺘﻘﻤﺑ )ﻢﻬﺗﺎﻣاﺰﺘﻟا( ﻪﺗﺎﻣاﺰﺘﻟا
32.Governing Law and Dispute Resolution
32.1 This Agreement is governed by all Laws and Regulations of the Kingdom of Saudi Arabia. In addition, the Client fully understands and agrees that the purchase and sale of Securities and other non-Saudi related activities outside the Kingdom of Saudi Arabia shall also be subject to all applicable Laws and Regulations including tax and custom laws in the respective jurisdictions where such Transactions are executed or where such Securities are located.
32.2 The parties will seek to resolve any dispute arising out of or in connection with this Agreement and the matters contemplated herein amicably. In the event that a dispute cannot be settled amicably within thirty )30( days of notice been given pursuant to Clause 15 herein by and to any party, the parties hereby agree that such dispute shall be settled by the committee for the resolution of securities disputes in the kingdom of Saudi arabia.
32.3 If any provision or condition of this Agreement shall be held to be invalid or unenforceable by any court or regulatory or self- regulatory agency or body, such invalidity or unseen force ability shall attach only to such provision or condition. The validity of the remaining provisions shall not be affected thereby and this Agreement shall be carried out as if any such invalid or unenforceable provision or condition was not
contained herein.
32.4 The rights and remedies of the parties in connection with this Agreement are exclusive and do not exclude any other rights or remedies provided by law.
تﺎﻋزﺎﻨﻤﻟا ﺔﻳﻮﺴﺗو ﻖﻴﺒﻄﺘﻟا ﺐṣاو نﻮﻧﺎﻘﻟا. 32
.ﺔـﻳدﻮﻌﺴـﻟا ﺔﻴـﺑﺮﻌـﻟا ﺔﻜﻠﻤﻤـﻟا ﻲـﻓ ﺎﻬـﺑ لﻮﻤﻌﻤـﻟا ﻢﻈﻨـﻟاو ﻦﻴـﻧاﻮﻘـﻟا ﺔﻴـﻗﺎﻔـﺗﻻا هﺬـﻫ ﻢﻜﺤـﺗ 32.1 ﺎﻬﻌﻴـــﺑو ﺔﻴـــﻟﺎﻤـــﻟا قاروﻻا ءاﺮـــﺷ نأ ﻰﻠـــﻋ ﻖـــﻓاﻮـــﻳو ﺎـــﻣﺎﻤـــﺗ ﻞﻴﻤﻌـــﻟا كرﺪـــﻳ ،ﻚـــﻟذ ﻰـــﻟإ ﺔـــﻓﺎـــﺿﻹﺎـــﺑ ﻦﻴـﻧاﻮﻘـﻟا ﻊﻴﻤـﺠﻟ ﺎﻀـﻳأ ﻊﻀﺨـﺗ ﺔﻜﻠﻤﻤـﻟا جرﺎـﺧ ﺔـﻗﻼﻌـﻟا تاذ ﺔـﻳدﻮﻌﺴـﻟا ﺮﻴـﻏ ىﺮـﺧﻻا تﺎـﻃﺎﺸﻨـﻟاو ﻢﺘـﺗ ﻲﺘـﻟا ﺔـﻟوﺪـﻟا ﻲـﻓ ﺔـﺻﺎﺨـﻟا كرﺎﻤـﺠﻟاو مﻮـﺳﺮـﻟاو ựـﺋاﺮﻀـﻟا ﻦﻴـﻧاﻮـﻗ ﺎﻬﻴـﻓ ﺎﻤـﺑ ﺔـﻳرﺎﺴـﻟا ﻢﻈﻨـﻟاو
.ﺔﻴﻟﺎﻤﻟا قاروﻻا هﺬﻫ ﺎﻬﻴﻓ ﻊﻘﺗ وأ تﺎﻴﻠﻤﻌﻟا هﺬﻫ ﺎﻬﻴﻓ
ﻞـﺋﺎﺴﻤـﻟاو ﺎﻬـﺑ ﻖﻠﻌﺘـﻳ وأ ﺔﻴـﻗﺎﻔـﺗﻻا هﺬـﻫ ựـﺟﻮﻤـﺑ ﺄﺸﻨـﻳ عاﺰـﻧ يأ ﻞـﺣ ﻰﻠـﻋ فاﺮـﻃﻻا ﻞﻤﻌـﻳ 32.2
لﻼـﺧ ً ﺎـﻳدو عاﺰـﻧ يأ ﺔـﻳﻮﺴـﺗ ﺔﻴـﻧﺎﻜـﻣإ مﺪـﻋ ﺔـﻟﺎـﺣ ﻲـﻓو .ﺔـﻳدو ﺔﻘـﻳﺮﻄـﺑ ﺔﻴـﻗﺎﻔـﺗﻻا هﺬـﻫ ﻲـﻓ ﺔﻴﻨﻌﻤـﻟا
،فﺮــﻃ يأ ﻰــﻟإو ﻞﺒــﻗ ﻦــﻣ ﺔﻴــﻗﺎﻔــﺗﻻا هﺬــﻫ ﻦــﻣ( 15( ةﺮﻘﻔﻠــﻟ ً ﺎﻘــﻓو رﺎﻌــﺷإ ﻪﻴــﺟﻮــﺗ ﻦــﻣ ﺎــﻣﻮــﻳ 30
ﺔﻴـﻟﺎﻤـﻟا قاروﻻا تﺎـﻋزﺎﻨـﻣ ﻲـﻓ ﻞﺼﻔـﻟا ﺔﻨﺠـﻟ ﺔﻄـﺳاﻮـﺑ عاﺰﻨـﻟا ﻚـﻟذ ﻞـﺣ ﻰﻠـﻋ اﺬـﻬﺑ نﺎـﻓﺮﻄـﻟا ﻖـﻓاﻮـﻳ
ﺔﻳدﻮﻌﺴﻟا ﺔﻴﺑﺮﻌﻟا ﺔﻜﻠﻤﻤﻟا ﻲﻓ
هﺬـﻫ ﻲـﻓ ﻢﻜـﺣ وأ طﺮـﺷ يأ ﺔﻴـﻓاﺮـﺷإ ﺔﺌﻴـﻫ وأ ﺔﻄﻠـﺳ وأ ﺔﻨﺠـﻟ وأ ﺔﻤﻜﺤـﻣ يأ تﺮﺒﺘـﻋا اذإ 32.3 ﻖﺒﻄﻨـﺗ ﺬﻴﻔﻨﺘـﻟا ﺔﻴـﻧﺎﻜـﻣإ مﺪـﻋ وأ ﺔﻴـﺣﻼﺼـﻟا مﺪـﻋ نﺈـﻓ ،هﺬﻴﻔﻨـﺗ ﻦﻜﻤـﻣ ﺮﻴـﻏ وأ ﺢـﻟﺎـﺻ ﺮﻴـﻏ ﺔﻴـﻗﺎﻔـﺗﻻا هﺬـﻫ ﻰﻘﺒـﺗ فﻮـﺳو ﻚـﻟﺬـﺑ طوﺮـﺸﻟا ﻲـﻗﺎـﺑ ﺔﻴـﺣﻼـﺻ ﺮـﺛﺄﺘـﺗ ﻦـﻟو .ﻢﻜﺤـﻟا وأ طﺮـﺸﻟا ﻚـﻟذ ﻰﻠـﻋ ﻂﻘـﻓ ﺔﻴﻠــﺑﺎــﻗ وأ ﻪﺘﻴــﺣﻼــﺻ ﺪﻘــﻓ يﺬــﻟا ﻢﻜﺤــﻟا وأ طﺮــﺸﻟا ﻚــﻟذ نأ ﻮــﻟ ﺎﻤــﻛ لﻮﻌﻔﻤــﻟا ﺔــﻳرﺎــﺳ ﺔﻴــﻗﺎﻔــﺗﻻا
.ﺔﻴﻗﺎﻔﺗﻻا هﺬﻫ تﺎﻳﻮﺘﺤﻣ ﻦﻤﺿ ﻦﻣ ﻦﻜﻳ ﻢﻟ هﺬﻴﻔﻨﺗ
قﻮﻘــــﺣ ﻲــــﻫ ﺔﻴــــﻗﺎﻔــــﺗﻻا هﺬــــﻬﺑ ﻖﻠﻌﺘــــﻳ ﺎﻤﻴــــﻓ ﻢﻬــــﺗﺎــــﻗﺎﻘﺤﺘــــﺳاو فاﺮــــﻃﻻا قﻮﻘــــﺣ نإ 32.4
.مﺎﻈﻨﻟا ﺎﻬﺿﺮﻔﻳ ىﺮﺧأ تﺎﻗﺎﻘﺤﺘﺳا وأ قﻮﻘﺣ ﺔﻳأ ﻞﺤﻣ ﻞﺤﺗ وأ ﻲﻐﻠﺗ ﻻو ﺔﻳﺮﺼﺣ تﺎﻗﺎﻘﺤﺘﺳاو
33.Language
This Agreement was executed in both the Arabic and English languages. In case of any difference in meaning between the Arabic and English texts, the Arabic text shall prevail, provided that the Arabic text shall be interpreted with due consideration given to the English text.
ﺔﻐﻠﻟا. 33
ﻦﻴـﺑ ﺾـﻗﺎﻨـﺗ يأ دﻮـﺟو ﺔـﻟﺎـﺣ ﻲـﻓو .ﺔـﻳﺰﻴﻠـﺠﻧﻻاو ﺔﻴـﺑﺮﻌـﻟا ﻦﻴﺘﻐﻠـﻟا ﻦـﻣ ﻞﻜـﺑ ﺔﻴـﻗﺎﻔـﺗﻻا هﺬـﻫ ﺖﻌـﻗو ﻲـﻓ اﺬـﺧأ ﺮـﺴﻔﻳ نأ طﺮـﺸﺑ ﺪﻤﺘﻌﻤـﻟا ﻊـﺟﺮﻤـﻟا ﻮـﻫ ﻲـﺑﺮﻌـﻟا ﺺﻨـﻟا نﻮﻜـﻳ ،يﺰﻴﻠـﺠﻧﻻاو ﻲـﺑﺮﻌـﻟا ﻦﻴﺼﻨـﻟا
.يﺰﻴﻠﺠﻧﻻا ﺺﻨﻟا رﺎﺒﺘﻋﻻا
34.Force Majeure
34.1 The Company shall not be liable for any loss or damage suffered or incurred arising from any delay in performing or failure to perform its obligations hereunder to the extent that and for so long as such delay or failure results from any cause or circumstance whatsoever beyond its reasonable control, including, without limitation, acts of God, acts of government, war )whether declared or undeclared(, civil commotion, insurrection, embargo, exchange or market rulings, suspension of trading, inability to communicate with market makers for whatever reason, breakdown of the computer systems of third parties or other machine failure, labor disputes, impediments to the supply of goods or equipment, or any other cause or conditions beyond the control of the Company)an ”Event of Force Major“(, provided the same arises without the negligence of the Company and the Company notifies the Client within 7 days of becoming aware of such Event of Force Major and the manner and extent to which its obligations are likely to be prevented or delayed, and provided that the occurrence of any such Event of Force Major shall not have the effect of discharging or postponing any payment obligations hereunder.
34.2 If any Event of Force Major occurs, the date)s( for performance of the obligation)s( affected shall be postponed for so long as is made necessary by the Event of Force Major, provided that if any Event of Force Major continues for a period of or exceeding 1 month, the non-affected party shall have the right to terminate this Agreement immediately on notice to the affected Party.
ةﺮﻫﺎﻘﻟا ةﻮﻘﻟا.34
ﺮﻴـﺧﺄـﺗ يﻻ ﺔﺠﻴﺘـﻧ ﻪﻠﻤـﺤﺗ وأ هﺪﺒﻜـﺗ ﻢﺘـﻳ رﺮـﺿ وأ ةرﺎﺴـﺧ ﺔـﻳأ ﻦـﻋ ﺔـﻟوﺆﺴـﻣ ﺔـﻛﺮـﺸﻟا نﻮﻜـﺗ ﻦـﻟ 34.1
ﻞـﺸﻔﻟا وأ ﺮﻴـﺧﺄﺘـﻟا اﺬـﻫ نﺎـﻛ ﺎﻤـﻟﺎـﻃ ﺔﻴـﻗﺎﻔـﺗﻻا هﺬـﻫ ựـﺟﻮﻤـﺑ ﺎﻬـﺗﺎـﻣاﺰﺘـﻟا ءادأ ﻲـﻓ ﻞـﺸﻔﻟا وأ ءادأ ﻲـﻓ
،ﺪــﻳﺪــﺤﺗ نودو ،ﻚــﻟذ ﻲــﻓ ﺎﻤــﺑ ،ﺔﻨﻜﻤﻤــﻟا ﺎﻬــﺗﺮﻄﻴــﺳ قﺎﻄــﻧ جرﺎــﺧ فﺮــﻇ وأ ựﺒــﺳ يأ ﻦــﻋ ً ﺎﺌــﺷﺎــﻧ
،ﻲــﻧﺪﻤــﻟا نﺎﻴﺼﻌــﻟا ،)ﻦﻠﻌــﺗ ﻢــﻟ مأ ﺖﻨﻠــﻋأ ءاﻮــﺳ( بﺮــﺤﻟا ،ﺔﻴــﻣﻮﻜﺤــﻟا تاءاﺮــﺟﻻا ،رﺪﻘــﻟاو ءﺎﻀﻘــﻟا ﻊـﻣ ﻞـﺻاﻮﺘـﻟا ﻰﻠـﻋ ةرﺪﻘـﻟا مﺪـﻋ وأ لواﺪﺘـﻟا ﻖﻴﻠﻌـﺗ ،ﺔﻴـﻟﺎﻤـﻟا قﻮﺴـﻟا مﺎﻜـﺣأ ،ﺮﻈـﺤﻟا ،تﺎـﺑاﺮﻄـﺿﻻا تﺎــﻋاﺰﻨــﻟا ،ىﺮــﺧﻻا فاﺮــﻃﻸــﻟ ﻲــﻟﻻا ựــﺳﺎﺤــﻟا ﻢﻈــﻧ ﻞﻄﻌــﺗ ،نﺎــﻛ ựﺒــﺳ يﻷ قﻮﺴــﻟا ﻲﻌــﻧﺎــﺻ ﺔـﻛﺮـﺸﻟا ةﺮﻄﻴـﺳ قﺎﻄـﻧ جرﺎـﺧ فوﺮـﻇ وأ ựﺒـﺳ يأ وأ ،تاﺪﻌﻤـﻟا وأ ﻊـﺋﺎﻀﺒـﻟا ﺪـﻳرﻮـﺗ ﻊـﻧاﻮـﻣ ،ﺔﻴـﻟﺎﻤﻌـﻟا ﻪــﺟﻮــﺗ نأو ﺔــﻛﺮــﺸﻟا ựــﻧﺎــﺟ ﻦــﻣ ﺮﻴﺼﻘــﺗ ﺔﺠﻴﺘــﻧ ﻚــﻟذ نﻮﻜــﻳ ﻻ نأ طﺮــﺸﺑ “ةﺮــﻫﺎﻘــﻟا ةﻮﻘــﻟا ثﺪــﺣ” ىﺪـﻣو ﺔﻴﻔﻴـﻛو ﻲﻨﻌﻤـﻟا ةﺮـﻫﺎﻘـﻟا ةﻮﻘـﻟا ثﺪـﺤﺑ ﺎﻬﻤﻠـﻋ ﻦـﻣ مﺎـﻳأ 7 لﻼـﺧ ﻞﻴﻤﻌﻠـﻟ ً ارﺎﻌـﺷإ ﺔـﻛﺮـﺸﻟا ةﻮﻘـﻟا ثاﺪـﺣأ ﻦـﻣ يأ عﻮـﻗو ﺮـﺛﺆـﻳ ﻻ نأ طﺮـﺸﺑ ﺎﻀـﻳأو ،ﺎﻬـﺗﺎـﻣاﺰﺘـﻟا لﺎﻄﻴـﺳ يﺬـﻟا ﻊﻨﻤـﻟا وأ ﺮﻴـﺧﺄﺘـﻟا
.ﺔﻴﻗﺎﻔﺗﻻا هﺬﻫ ựﺟﻮﻤﺑ داﺪﺳ تﺎﻣاﺰﺘﻟا يأ ﻞﻴﺟﺄﺗ وأ ءﺎﻔﻴﺘﺳا ﻰﻠﻋ ةﺮﻫﺎﻘﻟا
ماﺰﺘـﻟﻻا ءادأ ﺪﻴـﻋاﻮـﻣ وأ ﺪـﻋﻮـﻣ ﻞﻴـﺟﺄـﺗ ﻢﺘـﻳ فﻮﺴـﻓ ،ةﺮـﻫﺎﻘـﻟا ةﻮﻘـﻟا ثاﺪـﺣأ ﻦـﻣ يأ ﻊـﻗو اذإ 34.2 ثﺪـﺣ يأ ﺮﻤﺘـﺳا اذإ ﻪـﻧأ طﺮـﺸﺑ ،ةﺮـﻫﺎﻘـﻟا ةﻮﻘـﻟا ثﺪـﺣ ﺎﻬﺒﻠﻄﺘـﻳ ةﺪـﻣ لﻮـﻃﻷ ةﺮـﺛﺄﺘﻤـﻟا تﺎـﻣاﺰﺘـﻟﻻا وأ ءﺎﻬـﻧإ ﺮـﺛﺄﺘﻤـﻟا ﺮﻴـﻏ فﺮﻄﻠـﻟ ﻖﺤـﻳ ﻪـﻧﺈـﻓ ،ﺮـﻬﺷ ةﺪـﻣ زوﺎﺠـﺗ وأ ﺮـﻬﺷ ةﺪﻤـﻟ ةﺮـﻫﺎﻘـﻟا ةﻮﻘـﻟا ثاﺪـﺣأ ﻦـﻣ
.ﺮﺛﺄﺘﻤﻟا فﺮﻄﻟا ﻰﻟإ رﺎﻌﺷإ ﻪﻴﺟﻮﺘﺑ ارﻮﻓ ﺔﻴﻗﺎﻔﺗﻻا هﺬﻫ
35.Complaints and Notifications
35.1 The Client may file any complaint or observation by any of the following means:
1) visiting any of the Investment Centres of Riyad Capital;
2) contacting the Company by email: info@riyadcapital.com
3) contacting the Company by telephone on 920012299
4) Riyad Capital website: www.riyadcapital.com
35.2 The Client shall promptly inform the Company if it came to its attention or had any suspicion of any hacking to its username or password, in order for the Company to take any necessary actions to ensure the protection of the Client’s accounts. Telephone is the fastest method to notify the Company of the possibility of having someone using the Client’s username or password without its consent. The Client shall endure the consequences of such hacking which might result in losing all amounts and Securities in its account.
36.Amendments to the Agreement
36.1 The Company may, at any time and at its sole discretion, amend this Agreement, the Fee List or any supplemental agreements However, the Company agrees that it shall notify the Client of the proposed change and furnish the Client with a copy of the amended text. The amendments will become effective 30 calendar days from the date of any such notice. No amendment shall affect any outstanding orders, Instruction)s(, Transactions or any legal rights or obligations which may already have been granted or undertaken during the notification period.
The Client hereby acknowledges and accepts the terms and conditions of this Agreement. In witness whereof, this
Client Name :_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
Signature. :_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
Date. :_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
For internal use by the Company
Customer Service Officer:
Signature. :_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
Date. :_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
ﻎﻴﻠﺒﺘﻟاو ىوﺎﻜﺸﻟا.35
:ﺔﻴﻟﺎﺘﻟا ﻞﺋﺎﺳﻮﻟا ﻦﻣ يأ ماﺪﺨﺘﺳﺎﺑ ﺔﻈﺣﻼﻣ وأ ىﻮﻜﺷ يأ ﻢﻳﺪﻘﺗ ﻞﻴﻤﻌﻠﻟ ﻦﻜﻤﻳ 35.1
ﺔﻴﻟﺎﻤﻟا ضﺎﻳﺮﻟﺎﺑ ﺔﺻﺎﺨﻟا رﺎﻤﺜﺘﺳﻻا ﺰﻛاﺮﻣ ﺪﺣأ ةرﺎﻳز ( 1
info@riyadcapital.com ﻲﻧوﺮﺘﻜﻟﻻا ﺪﻳﺮﺒﻟا ﺮﺒﻋ ﺔﻛﺮﺸﻟا ﻊﻣ ﻞﺻاﻮﺘﻟا ( 2
920012299 :ﺪﺣﻮﻤﻟا ﻢﻗﺮﻟا ﻰﻠﻋ لﺎﺼﺗﻻا ( 3
www.riyadcapital.com ﺔﻛﺮﺸﻠﻟ ﻲﻧوﺮﺘﻜﻟﻻا ﻊﻗﻮﻤﻟا ( 4
قﺮـﺧ ثوﺪـﺤﺑ ﻚـﺷ هروﺎـﺳ وأ ﻢﻠـﻋ اذإ ﺔـﻛﺮـﺸﻟا غﻼـﺑﺈـﺑ ارﻮـﻓ مﻮﻘـﻳ نأ ﻞﻴﻤﻌـﻟا ﻰﻠـﻋ ựﺠـﻳ 35.2 ﺔــﻳرﻮﻔــﻟا تاءاﺮــﺟﻻا ذﺎﺨــﺗا ﻦــﻣ ﺔــﻛﺮــﺸﻟا ﻦﻜﻤﺘــﺗ ﻲﻜــﻟ ﻚــﻟذو ﺮــﺴﻟا ﺔﻤﻠــﻛ وأ مﺪﺨﺘــﺴﻤﻟا ﺰــﻣر ﻦــﻣﻻ ﺺﺨـﺷ دﻮـﺟو لﺎﻤﺘـﺣﺎـﺑ ﺔـﻛﺮـﺸﻟا رﺎﻌـﺷﻹ عﺮـﺳﻻا ﺔﻠﻴـﺳﻮـﻟا ﻮـﻫ ﻒـﺗﺎﻬـﻟاو .ﻞﻴﻤﻌـﻟا تﺎـﺑﺎﺴـﺣ ﺔـﻳﺎﻤـﺤﻟ ﻞﻴﻤﻌــﻟا ﻞﻤــﺤﺘﻳو .ﻪﻨــﻣ نذإ نوﺪــﺑ ﻞﻴﻤﻌــﻟﺎــﺑ ﺔــﺻﺎﺨــﻟا ﺮــﺴﻟا ﺔﻤﻠــﻛو مﺪﺨﺘــﺴﻤﻟا ﺰــﻣر مﺪﺨﺘــﺴﻳ ﺎــﻣ
.ﻪﺑﺎﺴﺣ ﻲﻓ ﺔﻴﻟﺎﻤﻟا ﻪﻗاروأو ﻪﻟاﻮﻣأ ﻞﻛ ةرﺎﺴﺧ ﻦﻤﻀﺘﺗ ﻲﺘﻟاو ﻲﻨﻣﻻا قﺮﺨﻟا تﺎﻌﺒﺗ ﺔﻴﻟوﺆﺴﻣ
ﺔﻴﻗﺎﻔﺗﻻا ﻞﻳﺪﻌﺗ .36
ﺔﻤـﺋﺎـﻗ وأ ﺔﻴـﻗﺎﻔـﺗﻻا هﺬـﻫ ﻞـﻳﺪﻌـﺗ ﻖﻠﻄﻤـﻟا ﺎـﻫﺮـﻳﺪﻘـﺗ ựـﺴﺣو ﺖـﻗو يأ ﻲـﻓ ﺔـﻛﺮـﺸﻠﻟ زﻮﺠـﻳ 36.1
ً ارﺎﻌـﺷإ ﻪﻴـﺟﻮـﺗ ﻰﻠـﻋ ﻖـﻓاﻮـﺗ ﺔـﻛﺮـﺸﻟا نﺈـﻓ ،ﻚـﻟذ ﻊـﻣو ،ﺔﻠﻤﻜـﻣ )تﺎﻴـﻗﺎﻔـﺗا( ﺔﻴـﻗﺎﻔـﺗا يأ وأ مﻮـﺳﺮـﻟا ﺔـﻳرﺎـﺳ تﻼـﻳﺪﻌﺘـﻟا ﺢﺒﺼـﺗو .لﺪﻌﻤـﻟا ﺺﻨـﻟا ﻦـﻣ ﺔﺨﺴﻨـﺑ ﻞﻴﻤﻌـﻟا ﺪـﻳوﺰـﺗو حﺮﺘﻘﻤـﻟا ﺮﻴﻴﻐﺘـﻟﺎـﺑ ﻞﻴﻤﻌﻠـﻟ وأ ﺮـﻣاوأ يأ ﻰﻠـﻋ ﻞـﻳﺪﻌـﺗ يأ ﺮـﺛﺆـﻳ ﻦـﻟو ،رﺎﻌـﺷﻻا ﻚـﻟذ ﺦـﻳرﺎـﺗ ﻦـﻣ ﺎﻴﻤـﻳﻮﻘـﺗ ً ﺎـﻣﻮـﻳ 30 ﺪﻌـﺑ لﻮﻌﻔﻤـﻟا ةﺮﺘـﻓ لﻼـﺧ ﺎﻬـﺑ ﺪـﻬﻌﺘﻟا ﻢـﺗ تﺎـﻣاﺰﺘـﻟا وأ ﺖﺤﻨـﻣ ﺔﻴـﻧﻮـﻧﺎـﻗ قﻮﻘـﺣ يأ وأ ﺔﻤـﺋﺎـﻗ تﺎﻘﻔـﺻ وأ تﺎﻤﻴﻠﻌـﺗ
.رﺎﻌﺷﻻا
ﻢـﺗ ﻚـﻟﺬـﻟ ً ﺎـﺗﺎﺒـﺛإو .ﺎﻬـﺑ ﻪـﻟﻮﺒـﻗو ﺔﻴـﻗﺎﻔـﺗﻻا هﺬـﻫ مﺎﻜـﺣأو طوﺮـﺷ ﻰﻠـﻋ ﻖـﻓاﻮـﻳو ﻞﻴﻤﻌـﻟا ﺮﻘـﻳ اﺬـﻬﺑ
.هﺎﻧدأ ﺢﺿﻮﻤﻟا ﺦﻳرﺎﺘﻟا ﻲﻓ ،ﺎﻬﻨﻣ ﺔﺨﺴﻧ فﺮﻃ ﻞﻛ ﻢﻠﺴﺗ ﻦﻴﺘﺨﺴﻨﺑ ﺔﻴﻗﺎﻔﺗﻻا هﺬﻫ ﻊﻴﻗﻮﺗ
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