‘Wafra’ has been providing Future Contract Services since 2005, according to the conditions and laws laid out for the Kuwait Stock Exchange.
These contracts follow trading policies which mean they are traded after the official working hours of the Kuwait Stock Exchange.

(Contract of Forward Services)

1. The above-mentioned information is an integral part of this Contract.
2. The Buyer admits that the shares mentioned in the contract are owned by him and he has full rights over them.
3. The Buyer is committed to deliver a partial down-payment (for forward services to the Clearing Company at the specified date shown above) and the Seller is committed to deposit shares mentioned in the contract on the same date.
4. The Buyer is committed to deliver the balance amount due to the Clearing Company during official working hours on the date of maturity shown above, unless he requests to terminate or redeem his shares, prior to the mentioned date.
5. In cases of early settlement, the client has the right to claim due interest rates on the remaining period specified in the contract, with the condition that the remaining period is not less than 90 days.
6. The contract will be terminated due to following conditions:
   a- If the period of the Forward Services expire without the balance payment duly completed.
   b- If the Buyer requests to terminate the contract during above agreed terms.
   c- If the share value mentioned in the contract declines, along with the value of dividend received  during the said period, and is less than the value of the amount due, unless the Buyer pays 10% of the remaining due amount specified in the contract, within the 24 hours notice issued by the Broker.
7. Rights Shares issue for shares mentioned in the Contract should be deposited in the Clearing Company and to be delivered to the Buyer, if he pays the remaining amount due, within the specified time-frame and this is to be returned to the Seller; along with the shares, should the contract expire without paying the remaining amount due. The Clearing Company will collect cash dividends and subtract it from the remaining amount which is due.
8. The ownership of the shares mentioned in the contract will be transferred to the Buyer if he pays the remaining amount due within the agreed period. He can then re-sell all or part of his shares in the market, during the time specified, so that he may use the proceeds to pay the balance amount due through the Clearing Company.
9. The Buyer has the right to use share voting rights, mentioned in the contract for nomination, voting rights and capital increase, if said request is made before the deadline specified for nomination voting rights and capital increase, with a three-day prior notice, along with the Buyer’s commitment to pay the value of allotted shares for the purpose of capital increase.
10. This contract does not give the Buyer any separate rights, with regard to the shares mentioned in the contract and accordingly, the Buyer has no authority to act on his own behalf.
11. This contract is subject to that not being mentioned in the decision number 2004 (17) regarding organizing Dealing in Forward Services.
    12-The Specialized Governing Committee for Arbitration for Legal Disputes, arising in the Market, has the final say over any dispute resulting from this contract.