corresponding to: / / g

Mutual Funds GCC Brokerage

1

Know Your Customer

Date: / / H Corresponding to: / / G.

Investment Center No.:

Portfolio No.:

Investment Center Name:

Application Type:

Purpose of the Account:

Client Classification: Counterparty

Date of Birth: / /

Investor’s Name:

Other

Re-registration

Sept

embe

r 201

6

Local Brokerage

Sub-Account

Personal Information for Individuals

Marital Status:

Number of Dependents: Gender:

Education:

Property:

Place of Birth:

Nationality:

Customer Execution Only Customer –

High Education Company Accommodation Rented Owned Family House

Bachelor Diploma Up to High School Female Male

Single Married

International Brokerage

New

SecondFamily FirstThird

Place of Issue:

Date of Issue:

Expiry Date:

Saudi ID / Iqama No.:

ID Details

Contact Person in Case of Emergency

Place of Issue:

Date of Issue:

Expiry Date:

Passport No.:

Mobile No.: Relationship: Name:

InternetANBI Mobile Telephone Investment Centers

Financial Information

Monthly Income (SAR):Primary Source of monthly income:

Additional Annual Income (SAR): Sources of additional annual income:

Net Worth in SAR:

Other

Other

Investments Real Estate

Reward & annual compensations

Rental

Family incomePension Salary Business Salary

Expected Execution Channels:

Contact Information

Postal Address: Zip Code:

Residential Address: House No.:

E-mail Address: Mobile No.:

Fax No.: Residence Phone No.:

Do you wish to receive a statement?

I wish to receive a statement via:

City:

Street: Area:

Email Mail

P.O. Box:

No Yes

No YesDo you wish to issue an Investment Account Identification Card?

2

Bank's Name:Branch:

Primary Account No.:

Saudi ID /Iqama No.: Name:

Please mention the ultimate beneficiary of the account:

YesNo

YesNo

YesNo

YesNo

YesNo

Know Your Customer

Other Information

Applicant Related Banking Information

Employer Information

Profession:

Position / Title:

Private Sector Other

* The bank account to be tied to the investment account must be held by and is in the name of the customer.

Grade / Rank: Government Sector

*

* Please fill the details in page (5) if your answered “Yes” to any of the previous questions.

""*

Business Man Student Pensioner

Zip Code:

E-Mail Address: Office Phone No.:

Extension:

City: P.O. Box:

Relationship:

Years of service in the current job: End of service date: / /

Employer’s Name:

Are you a board member or a senior manager of a listed company?

Do you occupy, or are you a candidate, for a diplomatic or senior civil office in the government, any military office or an office in a government owned company, etc.? Or are you a member of the immediate family (spouse, parent, sibling or child) of, or a related party (advisor or agent) to, such individual?

Do you render professional advisory services (i.e. law firm, financial or accounting consultant and likewise)?

Are you a non-resident of the Kingdom of Saudi Arabia?

In addition to the accountholder, is there another beneficial owner of the account?

Foreign Mailing Address (For Non-Saudis)

Country:

House No.:

Telephone No.:

E-mail Address:

City:

P.O. Box:

Fax No.:

District:

Street:

Zip Code:

3

Know Your Customer

Name of the Entity:

Nationality of the Entity:

Postal Address: Zip code: City: P.O. Box: E-mail Address:

Phone No.: Fax No.: License No. / SAGIA:

Main Activity of the Entity:

No. of Branches: No. of Staff: Years of Activity: Paid-up Capital:

Financial Statement Highlights For The Period / As at

Other Revenues - Sales Turnover - Net Income - Total Assets -

-

Commercial Registration No.:

Place of Issue:

Date of Issue: / / Expiry Date: / /

Yes

Yes

Yes

No

No

No

Branch:

Primary Account No.:

*Please fill the details in page (5) if your answered “Yes” to any of the previous questions.

""*

*The Bank account to be tied to the investment account must be held by and is in the name of the customer.

Bank Name:

*

Legal Persons Information

Other Information

Entity-Related Banking Information

Contact Information

Does any company owner/board member/authorized signer/controlling individual(s) occupy, or is a candidate for, a senior diplomatic or civil office in the government, any military office or an office in a government owned company etc.?

Do Entity business activities include either of the following: (advisory firms, travel and tourism offices, precious metals, financial services, philanthropic / not for profit activity, import and export services, financial institution e.g. money exchangers?

Do you deal with or maintain branches in a high-risk country?

Since these countries change periodically, please ask the employee whether the list of high-risk countries has been revised/changed.

Place of Issue:

Date of Issue: / / Expiry Date: / /

Foreign Mailing Address (For Foreign Legal Persons)

Country:

House No.:

Telephone No.:

E-mail Address:

City:

P.O. Box:

Fax No.:

District:

Street:

Zip Code:

Date of Birth: / /

Area:

Description For Individuals:

Description For Entities:

Related Party Information

Dated: / / Relationship to Customer:

Date: / / Signature:

Nationality:

Place of Birth:

Personal Reference Custodian / Guardian Authorized Person Official Receiver Legal Representative of the Legally Incompetent Person

Authorized Person Accounts of Entities Endowment’s Trustee

Place of Issue:

Date of Issue:

Expiry Date:


Place of Issue:

Date of Issue:

Expiry Date:

Hafizah / Passport No.:

E-mail Address:

Office Phone No.:

In case of a (Reference, Custodian or Guardian):

Mobile No.:

Residence Phone No.:

I certify that I have read the terms and conditions applicable to the Investment Account, the entire “KYC” Form and Investment Account Opening Agreement details to the accountholder and have informed him/her of the actions taken and documents/ papers collected by the Company.

* Please fill the details in page (5) in the event the account is opened by related party except for the Authorised persons.

*

P.O. Box:Zip Code: City:

Personal Information

Personal Information

Date of Birth: / /

Area:

Dated: / / Relationship to Customer: Nationality:

Place of Birth:

Place of Issue:

Date of Issue:

Expiry Date:


Place of Issue:

Date of Issue:

Expiry Date:

Hafizah / Passport No.:

E-mail Address:

Office Phone No.:

Mobile No.:

Residence Phone No.:

P.O. Box:Zip Code: City:

5

Buy

Buy

Buy

1.

2.

3.

4.

1.

2.

3.

4.

Redemption Subscription Redemption Subscription

Sell Buy Sell

Sell Buy Sell

Sell Buy Sell

Know Your Customer

Details of Politically Exposed Person’s Family Members

Relative’s Relation

Grade / Rank

Employer’s Name

ID No.

Name

Type of Dealing(s)

Investment House Name

Expected Financial Transactions

Dealing with other Financial Institutions

Amount of Monthly Transactions (SAR)

Outward Money Transfers

Inward Money Transfers

Local Equities

GCC Equities

International Equities

Investment Funds

Details of Commercial / Freelance Business Activities & Countries You Deal With

Expected Number of Transactions/Month

Countries You Deal With

Monthly Income Receiving Method:

Additional Income Receiving Method:

Sources of Wealth:

Nature of Activity

Cash Cheque Current Account

Current Account Cash

Investment Inheritance Trade/Self-Employed

Cheque

Other

Investment Information

Breakdown of Current Investment Portfolio:

Shares:

Debt Instruments:

Foreign Exchange:

Deposits:

Trade Finance:

Investment Funds:

Commodities:

Contracts for Difference & Options:

Real Estate:

Growth of Capital

Ensure that the Sum of all percentages above equals 100%

Investment knowledge and Experience:

General Investment Objectives:

What are the Customer’s preferred investment assets?(tick as many as required)

Customer’s Risk Appetite:

Customer’s Ideal Investment Portfolio Profile:

Shares

Investment Funds

Commodities

High Risk: (small and singleproduct companies; leveraged

and high-yield products)

Medium Risk: (Long-dateddebt instruments; large

companies)

Low Risk: (Short-dated debtinstrument, main stream

investment funds)

Balanced

Income Protection of Capital

Fill the following if the applicant is an individual: (To be completed by ANB Invest)

Debt Instruments

Trade Finance (LCs / LGs)

Shariah Compliant Options

6

7

This Brokerage Agreement (“The Agreement”) sets out the Terms and Conditions on which Arab National Investment Company (“anb invest”) will operate and maintain the Client’s Local and International Equities Trading Account, and upon the Client’s instructions, trade on a cash basis, in listed equities or any other investments denominated in Saudi Riyals or any other currency as long as they are Shariah-compliant and, as may be agreed upon signing this Agreement or at any later time.

1. Interpretation In this Agreement the following definitions shall apply:“The Company” means anb invest.“The Bank” means Arab National Bank, parent company of anb invest.“Account” means the Client’s account held with anb invest designated for securities issued in Saudi Riyal or any other currency and any related or Sub-accounts including cash accounts;“Authority” means the Capital Market Authority, including where the context permits any committee, sub-committee, employee or agent to whom any function of the Authority may be delegated;“Capital Market Law” means the Capital Market Law issued by Royal Decree No. M/30 dated 21424/6/H (as amended or re-enacted from time to time);“Authorized Persons Regulations” means the regulations of the same name made by the Authority pursuant to the Capital Market Law under Resolution Number 12005-83- on 211426/05/H (as amended or re-enacted from time to time); “Kingdom” means the Kingdom of Saudi Arabia;“Instruction” means any instruction by the Client to anb invest in relation to the execution of a transaction in an Investment given in accordance with this Agreement.“Investment(s)” means Shariah-compliant securities of all types, whether listed or issued on an exchange in the Kingdom of Saudi Arabia or in another jurisdiction or, including, without limitation, stocks of any kind, convertible securities issued in any currency.

2. Name, Address and RegulatorName: anb investAddress: Murabbaa District Facing ANB Head Office BuildingP.O. Box 220009 Riyadh 11311 KSAPhone: +966 11 4062500 Fax: +966 11 4062548E-mail: [email protected]: anb invest is authorized and regulated by the Authority to conduct securities business in the Kingdom. The activities are as follows:1. Dealing as an agent 2. Underwritting3. Managing and arranging 4. Advising 5. Custody

3. Commencement This Agreement will take effect once The Company receives from the Client an executed copy of this Agreement.

4. Investment Objectives and Restrictions4- 1 The client’s investment objectives are set out in the anb invest Know Your Customer Form completed by the Client as part of the account opening process procedures attached hereto.4- 2 This agreement relates exclusively to Shariah-compliant investment products and securities listed on the Saudi Financial market or any other financial market, as may be agreed upon signing this Agreement or at any later time.

5. This Agreement and Client Classification 5- 1 This Agreement constitutes a legally binding document which will govern the basis on which the Company will provide the services specified in Clause 6 below to the Client. This Agreement applies to each transaction that is entered into between anb invest and the Client. This Agreement supersedes any prior agreement between the Company and the Client. The Client confirms that it acts as principal and not as agent or otherwise on behalf of someone else in its dealings with the Company. For the purpose of the Authorized Persons Regulations, the Company will classify and treat the Client as a Customer or an Execution Only Customer or counter party.5- 2 This Agreement will be subject to the following, provided it is Shariah- compliant:

(a) The rules and customs of any relevant exchange or market and/or clearing house that may be in force from time to time; and(b) The Capital Market Law, and the rules made there under, including

Terms and Conditions for Shariah Compliant Account Opening

–

[email protected]

8

the Authorized Persons Regulations; and(c) All other applicable laws, rules and regulations that may be in force from time to time (Collectively the “Regulations”).

5- 3 If there is any conflict between this Agreement and any of the Regulations, the latter shall prevail to the extent of the inconsistency.5- 4 The Company may take, or omit to take, any action it considers necessary to ensure compliance with any such Regulations and it will not be liable in respect of any such action taken in good faith. Whatever the Company does or fails to do in order to comply with the Regulations will be binding on the Client. Any actions it takes or fails to take for the purpose of complying with the Regulations will not render The Company or any of its directors, officers, employees or agents liable.

6. The Services6- 1 The services to be offered by the Company pursuant to this Agreement, subject always to the clients classification and the terms and conditions hereof, shall be as follows:

(a) Administration: to open and administer an account for the Client;(b) Execution: to effect transactions in Investments for the account of the Client, in accordance with Instructions, either directly or through one or more clearing banks, brokers, trust companies, member firms of any securities exchanges or financial institutions chosen by the Company; and (c) Arranging Custody: arranging for third parties to provide safe custody of the Client’s Investments (collectively the “Services”).

6- 2 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.6- 3 The Company shall, upon the Client’s Instructions, carry out all transactions related to the purchase and sale of Shariah-compliant investments on a cash basis through the Account. However, the Client agrees that the Company shall have the right to decline, at its own discretion, to implement any instructions issued by the Client. In the event the credit balance in the Account is or may become insufficient on the day in which the transaction is to be effected, The Company may ask the Client to deposit any cash amount or any other guarantee in the Account in order to guarantee the fulfillment by the Client of its outstanding contractual obligations, if The Company deems it necessary to protect its interests. 6- 4 The Client understands and agrees that all transactions to be executed by the Company on behalf of the Client under this Agreement shall be non-discretionary that is, the client shall make all decisions with respect to the buying or selling of Investments, and shall instruct the Company accordingly, and the Company will not effect any transaction without an Instruction. The Company shall have no advisory capacity when it operates the Account as per the Instructions and any decision to buy/sell the Investments shall not be based on any recommendation by the Company. 6- 5 Execution by the Company of transactions pursuant to anyInstruction does not imply the Company’s approval or endorsement of such transactions or such Instruction.6- 6 The Company may introduce the Client to another company, whether in the Kingdom or overseas, for the purpose of effecting any transactions and the Client hereby acknowledges that the Company may from time to time act as agent for any other company. The Company may also engage sub-agents.6- 7 The Company may also provide the Client with other services, the terms of which will be notified to the Client in writing from time to time and where necessary The Company may require the Client to agree to such terms in writing. Any such additional terms will form part of and be supplemental to this Agreement.6- 8 The Client agrees that all the transactions requested by it shall be executed in its Account, and that the Client shall maintain a credit balance in his account with the Company throughout the term of this Agreement until all Client’s debts and obligations payable to the Company are settled and discharged.

7. Payment for Services 7- 1 For the services provided under this Agreement, the Company shall charge its standard fees. The Company reserves the right in its discretion to


6-9 The client agrees to receive calls, SMS & Marketing Material About the products & services offered by the Company and which are sent from time to time. In case the Client wishes not to receive thias marketing material, Client will call anb invest call center on 920011878.

9


amend its standard fees and shall notify the Client of such amendment.7- 2 The Client shall be responsible for all expenses, taxes, fees or other costs or liabilities incurred by The Company in connection with the management of the Account, including the Standard Fees. Such other charges may include without limitation:

(a) Any judgment, settlement or other costs and expenses, including legal costs incurred in connection with any actual or threatened action or proceedings relating to the Account.(b) All taxes which may be due or payable on the Investments and the income attributable to the Account;(c) Registration and other fees, stamp duty, brokerage and other charges payable in respect of the acquisition and sale of Investments; and(d) All other costs and expenses reasonably incurred by the Company in connection with the Account, including without limitation sub-custodian and agency fees.

7- 3 The Client shall pay to the Company an amount equal to the total of all fees and other charges payable to the Company as aforesaid and not previously debited to the Account. The Company is hereby authorized to debit the Account with the amount of all such fees and charges and the Client hereby irrevocably authorizes the Company to require payment by any custodian or sub-custodian hereunder of all amounts due to the Company hereunder. All payments due from the Client shall be grossed up to take account of any withholding taxes or other deduction so that the Company or any other payee receives the gross amount due.7- 4 Fees, charges and any other amounts due hereunder from the Client to the Company and unpaid which caused the client account to be overdrawn, the client is required to settle the overdrawn account immediately, in addition to paying extra charges for each day, as may be imposed by the company, which will be donated to charity.7- 5 Transation Fees: 1- Saudi Market:

2- GCC & MENA Markets:

3- US Markets:The trading fee on orders executed on the US market (Equities & options) will be a minimum of (75) seventy five USD or:5 cents per share for stocks priced USD 1 and above, in addition to USD 30 for each executed order5% of the principal amount for OTC stocks priced below USD 12 cents per share for listed stocks priced below USD 1USD 10 for each option contract in case the number of option contracts executed is between 1 & 20 contracts, USD 9 for each option contract in case the number of option contracts executed is between 21 & 40 contracts & USD 8 for each option contract in case the number of option contracts executed is higher than 40 contracts.In addition to the above, an SEC fee will be charged to the customer for all executed sell transactions, in addition to any other fee related to exchange rate, custody or related.4- Other Markets:Trading & Miscellaneous fees related to other markets differ from one market to another, and customer will be informed accordingly before executing his deal.

8. Accounting8- 1 The Company shall send confirmation either by fax, electronic means or a written confirmation by mail of all Investment transactions to the Client within 3 business days of execution. The Company shall be entitled to assume that a trade confirmation is correct and approved by the Client

The customer is also charged any other fee related to exchange rate, custody or related.

Market

QatarUnited Arab EmiratesOmanKuwaitBahrainEgypt

Trading FeesTrading Fee on the value of the executed order Minimum Trading Fees

0.00600.005750.00550.00550.00550.0055

QAR 160AED 160OMR 15KWD 20.5BHD 15EGP 275

The trading fee on orders executed on the Saudi Stock Exchange is (0.00155) one hundred fifty five Saudi Riyals per one hundred thousand of the value of the order executed, noting that (0.00050) is paid to Tadawul and (0.00105) is paid to ANB Invest. After paying Tadawul fees, and invest could grant a discount on the remaining commission, whilst retaining the right to modify or cancel such discount granted after informing the client.

OTC

Address: Murabbaa District Facing ANB Head Office Building

10

8-3 The Company shall prepare in accordance with its normal practice and submit to the Client annual statements and details relating to his account. The Client agrees to carefully examine the statements sent by the Company and to provide the Company prompt notice of any errors in such reports. The Company shall be entitled to assume that a report is correct and approved by the Client if the Client does not make a written objection within fifteen (15) days of dispatch.

–

–

11

as the Company considers appropriate and to merge, consolidate or combine all or any accounts or sub-accounts the Client may have with the Company to satisfy or diminish any obligations the Client may owe to the Company and/or the bank.(c) Have a general lien and security interest on all property held by the Company or its nominees on the Client’s behalf until the satisfaction of the Client’s obligations to the Company and/or the bank, and in the event that the Client does not satisfy those obligations, the Company shall be entitled to sell all or any part of that property held and apply the proceeds in paying the costs of such sale and in or towards satisfaction of any obligations the Client may owe the Company and/or the bank.

15. Set-offThe Client fully authorizes the Company to set off and use any credit balances that now exist or may exist from time to time in the Account and all its accounts and other assets with the Company. The Client also authorizes the Company to sell and receive the value of above mentioned securities and maintained from time to time with the Company and/or the bank, and to use the net proceeds of such sale to settle the Client’s debts and obligations payable to the Company or its obligations owing to third parties in relation to any of Client’s securities that are held with the Company including, without limitation, the direct settlement by the Company of the unpaid portion of the price of any securities as may be required when the Company effects the sale, or settlement of the sale, of such securities. This shall also include payment of all expenses, fees and other encumbrances incurred in connection with the completion of the purchase and/or sale of commercial or investment securities priced according to the Client’s instructions to the Company. The Client further fully and irrevocably authorizes the Company to take all such steps as given in this clause immediately without prior notice to the Client. The Client agrees that the Company shall be entitled to use any guarantee presented by the Client to the Company and/or the bank, or to present a replacement thereof for the purpose of settling any other amount due to the Company and/or the bank after exercising the above-mentioned set-off rights.16. Right to Borrow The Company is not authorized to borrow or raise money on the Client’s behalf or enter into transactions which will involve the Client having to borrow or raise money.17. Special Commission Arrangements The Company has not entered into any special commission arrangements in relation to the services.18. Custody18- 1 The Company shall maintain the Investments, which are held in the Account under a safe-keeping capacity.

18- 3 The Client authorizes The Company to sign on its behalf or to ratify its signature so that the securities may be transferred or ownership of which may be certified to the authorities. The Client shall be allowed to add into its accounts securities by delivering the same to the Company provided that all dividends due up to that date have been received in full.18- 4 The Client agrees that the Company through its clearing broker(s) will act as a custodian of the securities in the account. The Company will not hold the Client’s Investments or provide safe-keeping of the Client’s Investments.18- 5 The Company may register securities in the name of its nominees or the nominees of any securities depository in which the Client’s securities may be held. The Company, its nominee or clearing broker 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.18- 6 The Client agrees that only securities that are owned by the Client will be placed in the Client’s account. The Client agrees that the Company, its nominee or clearing broker, shall retain sufficient funds for payment to the appropriate governmental authorities any taxes legally due on the sale of securities in the Client’s account.18- 7 The Client agrees that the custodian may pool the Client’s securities with the securities of other clients of the Company, or the assets of the


18-2 The Client’s Investments that are eligible for the Depositary Centre in Saudi Arabia will be held in an account in the Client’s name with that Depositary Centre, however, other investments may be held with external custodians under the Client’s name, Company’s Client account name, Company's name/or any of its custodian, nominees or assigns or street name. The client agrees that his assets could be held in a name other than his own name and that he is fully aware of the risks and adverse consequences of the assets being registered or recorded in a name other than his own name.

12


custod ian or the Company. The Client acknowledges that the Client’s securities or entitlements may not be separately identifiable by certificates, other physical documents of title or electronic record 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.

18- 9 The Company will arrange for a third party custodian to provide services to the Client for the safe-keeping of the Client’s Investments within the Account that are not or cannot otherwise be delivered to or to the order of the Client.18- 10 The Client agrees that where the Investment concerned is a security acquired overseas, title to the Investment may be registered or recorded in the name of an overseas custodian. The Client acknowledges that there may be different settlement, legal and regulatory requirements in the relevant jurisdiction to those which apply in the Kingdom, in particular in relation to the segregation of client assets.18- 11 Where the Client’s Investments are to be held with a third party, the Company will enter into Terms of Business with that third party in accordance with Article 89 of the Authorized Persons Regulations.18- 12 The Client agrees that in the event of the custodian’s default it may have to participate pro rata in any irreconcilable shortfall which may occur.

19. Third Party Services19- 1 The Company may, on such terms as it sees fit, arrange for any bank, broker, trust company, member firm of any securities exchange, or other financial institution, inside or outside the Kingdom, to act as correspondent bank, broker or securities dealer and to provide custodian, safe-keeping or any other services in respect of cash or Investments in the Account.19- 2 The Company will be charged fees for third party services, these fees will be charged to the Client in addition to the Company’s own charges and fees, unless otherwise specified.19- 3 The Company is not entitled to enter into special commission arrangements. A special commission arrangement is an arrangement where an investment manager receives goods or services in addition to trade execution services from an intermediary in return for the commission paid on transactions directed through that intermediary. However for the avoidance of doubt, the Company may receive a commission from a product provider in respect of any deals that the Company executes concerning that product.19- 4 The Company shall exercise reasonable professional care and apply the standards required under the Authorized Persons Regulations in the selection of third parties to render services in connection with any Investments and transactions therein. The Client accepts that any third party firm or individual shall act as an independent contractor, not as an agent of anb invest, and anb invest shall not be liable or responsible for any act or omission by any such party nor shall anb invest 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.

20. Aggregation20- 1 The Client’s orders will not be aggregated with orders of other clients or of The Company.20- 2 Aggregation may operate to the Client’s advantage where this leads to lower transaction costs or the obtaining of 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.20- 3 The Company shall ensure among its books, registers, and documents, a clear segregation among the accounts of all its Clients and among such accounts and any accounts of The Company or other persons.20- 4 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

18-8 The Company shall be responsible on the Client’s Instructions for:(a) Acting as the Client’s agent in claiming and receiving any dividends investment profit or other payments and taking up any rights accruing to the Client;(b) Exercising any conversion or subscription right.(c) Dealing with any take-over, acquisition or any other offer or restructuring or capital increase.(d) Exercising voting rights.

13


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.

21. Client Money21- 1 The Company will treat money held by it on behalf of the Client in accordance with the Client Money Rules set out in Part 7 of the Authorized Persons Regulations. The Client’s money will be segregated and held in a Client account separately from the assets of the Company, except to the extent otherwise provided in this Agreement. Client money will be held in a Client account with a local bank. The Company may pass the Client’s money to exchanges, clearing houses, intermediate brokers or settlement agents in the relevant markets. The Client’s money may cease to be treated as Client money in such circumstances and the Client consents to this.21- 2 Money will not constitute Client money for these purposes to the extent that it is immediately due and payable to the Company for its own account. The Company will cease to treat as Client money such amounts as it holds on the Client’s behalf that are equivalent to any amounts that the Client owes to the Company that are due and payable. The Client agrees that the Company may use money to satisfy the Client’s obligations to the Company and/or the bank.21- 3 Client money may be held with an overseas bank but only if this is necessary for the settlement of a transaction in securities outside the Kingdom or for the receipt of dividends or other income received outside the Kingdom. anb invest may pass the Client’s money to exchanges, clearing houses, intermediate brokers or settlement agents within and outside the Kingdom. The Client’s money may cease to be treated as Client money in such circumstances and the Client consents to this. The legal and regulatory regime applicable to banks and others holding Client money outside the Kingdom may be different to that which applies in the Kingdom.21- 4 The Client hereby consents that his money will be held in a Client account at The Bank, unless both parties agree otherwise.The Client hereby consents that he forfeits any income earned on Client money to the favor of anb invest or The Bank with whom Client money is being held.

22. Foreign CurrencyThe Client agrees that credit balances may be deposited in the name of the Company with correspondent banks in or outside the country of such currency. Withdrawals of such currency from the Account may be made by draft in a form approved by the Company or by telegraphic or telex transfers, or by cash withdrawals to the extent approved by anb invest subject always to the provisions of the paragraphs of this Agreement. Withdrawals or deposits in a currency other than the currency of the 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 losses that may be sustained by the account as a result of fluctuations in foreign currency exchange rates. Also, exchange rate induced gains shall accrue to the benefit of the Client.

23. Currency Conversion23- 1 The Company shall be entitled without prior notice to the Client to make any currency conversion the Company considers necessary or desirable for the purposes of complying with its rights and obligations under this Agreement or any transaction there under. 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 for freely convertible currencies).23- 2 All funds, securities, investment vehicles carried for the account of the Client are subject to the risk of loss of principal value due to the vagaries of the financial market or markets in which they are traded. Accordingly, the value of Client’s investment account with the Company may decline or appreciate relative to the originally invested principal amount. The Client hereby agrees that the Company shall not be held liable for any depreciation in the value of the Investments with it, that may be caused by market conditions or for loss of opportunity whereby the value of an asset in the 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.23- 3 All foreign currency exchange risk arising from any transaction or from the compliance by the Company with its obligation or the exercise by

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of its provisions or the continuation of such attitude on the part of the Company shall in no way constitute or be deemed a waiver by the Company of any of its rights or benefits hereunder. The Company failure to require the Client to implement any of the provisions of this Agreement shall not render this Agreement or any of its provisions nor shall it be deemed an abstention or waiver by the Company of taking such action. This Agreement contains the entire understanding between the Client and the Company in relation to the subject matter hereof. The Client may not transfer any of its rights or obligations hereunder without obtaining prior written consent of the Company. Notices and other communications delivered or mailed to the address set out in this agreement shall be deemed delivered by hand until the Company is in receipt of another address.

35- 2 The Company reserves the right, at its sole discretion, to alter or change the Terms and Conditions of this agreement at any time according to the applicable Rules and Regulations. These Terms and Conditions will go into effect and will become binding to the Client after being posted on the Company’s website and after sending an SMS to the Clients informing them of the availability of alterations or changes to the Terms and Conditions. Any subsequent utilization of the Company’s Services by the Client constitutes acceptance and agreement of the new Terms and Conditions.

36. Dispute In the event any dispute arises between the two parties and no amicable settlement is reached, the Committee for the Resolution of Securities Disputes in the Kingdom of Saudi Arabia shall have competence to consider such dispute, whose judgment shall be decisive and incontestable as long as it is Shariah-compliant. Similarly any final verdict shall be enforceable against the Client within and outside the Kingdom of Saudi Arabia at the sole discretion of the Company at any competent court despite the absence of any Agreement with the Kingdom of Saudi Arabia which expressly prevents such enforcement. The Client also expressly waives any defense based on the absence of such Agreement.


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9. I declare that I have understood after passing (5) years of the date of freezing my investment account without providing the required information updates, and unless the investment account is not blocked and there are financial obligations on the same investment account, ANB invest person may transfer the available cash of the investment account to the my bank account, then close the investment account.10. In case I am a foreign client residing in the Kingdom of Saudi Arabia, I declare that I have understood that my right to invest in securities in the Kingdom is associated with providing his residence permit (Iqama) to ANB invest; and ANB invest will freeze the investment account if he does not update the account`s information or does not provide the authorized person with the residence permit (Iqama) after its renewal.11. In case I am a foreign client residing in the Kingdom of Saudi Arabia, I declare that I have to provide the authorized person with the renewed residence permit (Iqama) upon its validity expiry, or when the authorized person requested an update of the account`s information.12. In case I am a foreign client residing in the Kingdom of Saudi Arabia, I am aware that ANB invest has the right to liquidate the securities in the portfolio linked to the investment account, transfer its cash to the client`s bank account linked the investment account, and then close the investment account, if the investment account was frozen for more than (12) months.

Customer Name

Signature:

Date:


Declaration

1. I declare that I have read and understood each and every Term and Condition set out herein, and I was given sufficient time to ask and question its content, and agree upon them, and vow to fully comply therewith.

3. I declare that there is no legal restriction that prevents dealing with me and that all representations made by me are true and reliable and that I have understood the terms, conditions and provisions of the agreement, and have been given a copy thereof.4. I declare that I shall be liable before the competent authorities for the funds I deposited and that these funds have resulted from lawful activities and that I am responsible for their freedom from any forgery and forfeiture and that if anb invest receives any of the above mentioned, I shall not be entitled for refund or compensation.

7. I agree that the terms and conditions of this agreement rule the relationship between the myself and the company as far as Shares Trading Agreement is concerned. Also, these terms and conditions apply to all my accounts including the sub account s, now and in the future.

2. I declare that I have read and understood the Capital Market Law and its Implementing Regulations, and other laws and regulations of the Kingdom, in particular the Anti-Money Laundering Law and its Implementing Regulation and the Law of Terrorism Crimes and Financing.

8. I declare that all services and products fit my needs and investment knowledge.

5. I declare that I have read and understood all the terms and conditions of the investment account opening agreement, and that all data and information provided to ANB invest are correct, comprehensive, valid and non-misleading and I shall notify ANB invest of any change in the above given information. ANB invest have the right to verify this information and to share or exchange the same with any other third parties.6. I declare that I will comply with the requirement to update my personal details every three (3) years or confirmation that there is no changes to the information ,and submit renewed versions of his identification documents after their expiry , Furthermore, I am aware of that ANB invest will freeze my investment account when this commitment is breached.

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Investment Portfolio No.:

Investment Account No.:

Name:

Signature:

Date:

Authorization

I, the undersigned, ........................................................................... hereby irrevocably name, constitute and appoint Arab National Investment Company (anb invest) as my attorney in fact/agent to execute and deliver in my name and behalf, granting into the said company full delegation and substitution powers, any documents including any receipts which the Agent may deem necessary to close any purchase and/or sale deal involving Shariah-compliant stocks listed on the Saudi Capital Market and overseas investments and/or collect and physically take and receive dividends, commissions, payments and/or issues of stocks registered under my name on my behalf. Any employee of anb invest may execute any document required to be executed pursuant to this authorization.Pursuant to this authorization, I further empower anb invest to collect any dividends whatsoever payable to me from Saudi and foreign joint stock companies on my behalf.In witness whereof, I have hereto set my hand and granted this power of attorney to anb invest.

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Telephone Trading AgreementI, the undersigned, hereby request Arab National Investment Company “anb invest” to accept the instructions issued by me in person or through my delegated agent which anb invest receives through the phone and act accordingly in the purchase and sale of local and international securities as well as the cancellation and amendment of these orders.In accordance with the Terms and Conditions herein mentioned, I hereby acknowledge that:1- anb invest accepts these instructions and shall act accordingly, unless anb invest notifies me in writing of otherwise.2- anb invest shall not, in any case, be in charge of verification either of the correctness of instructions or the person submitting these instructions or his authorizations.3- anb invest may deem all instructions received through the phone as have been issued according to rules by me and/or whoever I delegate. Therefore, these instructions shall be binding on me irrespective of the prevailing conditions when submitting the instructions or nature or value of the dealing, as well as of any error, misunderstanding, ambiguity, fraud, forgery or invalidity in connection with these instructions. Thereby, anb invest will have the right to act in accordance with any instructions it may receive should anb invest, any of its employees or staff believe that such instructions are true on their submission. Notwithstanding the foregoing, anb invest retains the right to refrain from acting in accordance with instructions it receives. anb invest may not be liable towards me for any losses of any kind or size that may occur to me due to rejection or approval by anb invest of the issued instructions.4- anb invest may require that any instructions include specific code or personal information, as may be determined by anb invest from time to time. I hereby declare my full responsibility for the misuse of any codes or the disclosure of my personal information and data, which constitutes the main reason for anb invest’s receipt of instructions through third parties or the person I delegate thereto.5- anb invest shall record the phone instructions on tapes or any other means, which recording of such instructions shall be deemed as a conclusive and binding evidence in connection with these instructions on the occurrence of any dispute. Thereby, I waive my right of any objections in connection with this recording. All local and international sucurities purchase and sale operations and amendment and cancellation orders shall be deemed final, correct and non-challengeable on the elapse of 24 hours from dealing date.6- I hereby agree to hold harmless anb invest, its employees, agents and correspondents for and against all cases, claims, complaints, procedures, damages, losses, costs, expenses and expert>s and lawyer>s fees, incurred by anb invest due to any complaint or case filed by third parties in connection with the content of this acknowledgement.7- The representation stated in this mandate constitutes a main, direct, unconditional and non cancellable commitment and I will not be released from this mandate unless anb invest cancels it at any time.8- I release anb invest from any claim, present or future, relating to these instructions and orders, and I do not have the right to sue anb invest in any form, in the present or in the future regarding this acknowledgement.9- anb invest has the right to cancel this mandate at any time with or without reason. The Customer shall have the right to cancel the name of the person that he has appointed or to amend it provided that he notifies anb invest (Local/International Equities Department) in writing of such cancellation / amendment, provided that all orders notified to anb invest before the receipt of the cancellation / amendment notice shall remain effective and anb invest will act accordingly unless the Customer or his representative amends such orders.10- In case the Customer is composed of more than one person, all the obligations and responsibilities stated herein shall be joint and several and the term Customer shall mean the Customer and its representative(s).11- Any lack or delay in the performance of the rights or powers of anb invest as stated herein shall not be considered as waiver of such rights and/or powers.

13- This mandate shall be governed by the Committee for the Resolution of Securities Disputes in the Kingdom of Saudi Arabia, provided that this would not affect the right of anb invest from suing the Customer before any other court, both inside and outside Saudi Arabia according to Shariah regulations. The Customer waives his right of raising any objection against any acts in relation with this mandate before the said Commission or any other court or competent judicial body that anb invest may choose for non suitability of the court location.

Customer Name

Signature:

Date:

12- Personal reference for a Blind or Illiterate client: when an investment account is opened for a blind or an illiterate client, that blind or illiterate client must not to use any services provided by telephone or electronic services for operating the investment account until one of the ANB Invest’s employees or his personal reference explain to him the terms and conditions related to such services, and the authorized person to inform the blind or illiterate client that such services are provided to him based on his desire, choice and awareness of the risks associated with using such services, and his legal responsibility of all transactions executed through such services.

Customer Name:.........…......................…Customer Signature/Fingerprint:.................….…..…Date:……......…

Reference Name…….....................………Reference Signature:……............………………Date: …..........……...…

For anb invest Use Only

Investment Center Name:Investment Center No.:

Middle Office Section:Overall Risk Assessment

Does the Nationality of the customer or transactionsdeal with any high-risk country?

Is the customer type or nature of activity classifiedhigh-risk business?

Are the service delivery channels, products and servicesinconsistent with the customer’s activity nature?

Is there any qualitative risk factors?

Client signature verification & true copy stamp:

Documents and data reviewed and found accurate:

Shares Operations Section:

Documents reviewed, data verified and entered in the system:

Investment Account No.:

We approve opening/re-registering the account:

Employee Name:Employee No.:

Signature:Date: / / 20 G

CEO Approval:

Name:Employee No.:


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Supervisor Name:Employee No.:


Employee Name:

Employee No.:

Signature:

Date: / / 20 G

Supervisor Name:

Employee No.:

Signature:

Date: / / 20 G



Supervisor Name:Employee No.:


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Comments:

YesNo

YesNo

YesNo

YesNo

Approvals for High Risk Accounts

Compliance, AML & TF Approval:

10275-2014-v1

Bank / Company. البنك / الشركة.

Cancellation CreationAddition

z

Cancellation CreationAddition

z