Category: Members

Christy Kulathooran

Mr. Christy Idichandy Kulathooran has been serving as Senior Vice President – Support Group at Coast Investment & Development Company since 2020.Prior to joining Coast, he was the General Manager – Finance, Administration, and HR at KMEFIC from 1993 to 2020.He possesses extensive experience in Finance, Administration, Human Resources, Operations, and Information Technology.Mr. Kulathooran was […]

Ayad Abdulla Ahmed Al Sumait

Mr. Ayad Al-Sumait holds a Bachelor Degree of Economics with a major in Administrative Sciences in 1984. He possessed a rich diversified investment management and supervision experience of 38 years. He started his career at Central Bank of Kuwait as an Economic Researcher (1984-1991) and thereafter Kuwaiti Real Estate Investment Group as Investment Manager (1991-2006). […]

Abdul Wahab Mohammed Ali Al Wazzan

Mr. Abdulwahab Al-Wazzan has a Bachelor of Business Administration from Western Michigan State University, USA. He has 26 years of experience in financial services and Industrial sectors. Currently, Mr. Al-Wazzan is Chairman of National International Co. (Holding). He is also on the Board of Coast Investment & Development Co. since 2019. Mr. Al Wazzan occupied […]

Osama Abdullah Khaled Al-Ayoub

Mr. Al Ayoub holds a Bachelor degree in Science in Civil Engineering from University of Kuwait in 1994. He was Chairman at Coast Investment & Development Co. KSCC since 2019 till 2022. Mr. Al Ayoub has 27 years experience in Investments, financial services industry.  Mr. Al Ayoub was previously working as President and CEO of […]

Mr. Asaad Ahmed Omran Al Banwan

Mr. Al-Banwan received his Bachelor of Science (Finance and Administration) degree from University of Kuwait in 1982 and currently Vice Chairman and CEO of Coast Investment and Development company and also Chairman of Gulf Cable and Electrical Industries Company. Mr. Al Bawan has 40 years’ experience in telecommunication, Investments, Financial Services industry. Mr. Al Banwan […]

Basim Abdulla Mohammed Al Othman

Mr. Al-Othman is a Kuwaiti businessman who has wide experience in several sectors in Kuwait and in GCC markets. Mr. Al Othman graduated from Kuwait University in 1983 and holds Bachelor of Arts in Literature. He is Vice Chairman of National International Holding Company and Chairman of Coast Investment and Development company since 2023. Mr. […]

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OPEN AN eTRADE ACCOUNT

Individual Account
Corporate Account

Instructions:

  1. Select KYC application form by account type (Individual, Corporate)
  2. Print, fill and sign the KYC application form
  3. Visit our Head Office with the original required documents in hand to complete the account opening process
  4. A minimum of 300 KD (or the equivalent in USD, AED, SAR, OMR, BHD or QAR) must be deposited to activate your Coast eTrade account and start trading

 Required Documents – Individual Account:

Kuwaiti and GCC Citizens

  • Civil ID – Kuwaiti Citizens
  • National Identity ID – GCC Citizens
  • Completed Application Form (KYC)

Kuwait Residents and Non-Kuwaiti Residents

  • Civil ID
  • Passport Copy
  • Completed Application Form (KYC)

For other types of applicants, please visit the FAQ section for the list of requirements

Important: 

To complete the registration process, the following forms must be filled and signed at our Head Office:

  • FATCA Form
  • CRS Form
  • AML Questionnaire (If applicable)

Required Documents – Corporate Account:

Companies Based in/Established in Kuwait

  • Commercial License/Registration issued by the ministry
  • Articles of Association and/or Memorandum of Association
  • Amendments to Articles/Memorandum of Association
  • Company Civil ID
  • Board of Directors list presented in the form of Whom It May Concern letter
  • Board of Directors decision letter addressed to Coast Investment and Development Company K.S.C.P letter authorizing the opening of a Coast Brokerage eTrade online trading account
  • Authorized Signatories list presented in the form of Whom It May Concern letter
  • Completed Corporate Application Form (KYC)

Important:

  • Board of Directors and Authorized Signatories letters must be attested by Kuwait’s official authorities
  • Copies of official personal documents for each member of Board of Directors

Board of Directors – Kuwaiti Citizens and Non-Kuwaiti Residents

  • Civil ID Copy
  • Passport Copy
  • Copies of official personal documents for each member of Board of Directors
  • Signature verification for each Authorized Signatory attested by Kuwait’s official authorities/bank

Non Kuwaiti Companies 

  • Company License/Registration
  • Articles of Association and/or Memorandum of Association
  • Amendments to Articles/Memorandum of Association
  • Board of Directors list presented in the form of Whom It May Concern letter
  • Board of Directors decision letter addressed to Coast Investment and Development Company K.S.C.P letter authorizing the opening of a Coast Brokerage eTrade online trading account
  • Authorized Signatories list presented in the form of Whom It May Concern letter
  • Completed Corporate Application Form (KYC)

Important:

  • Board of Directors and Authorized Signatories letters must be attested by official authorities in country of origin
  • Passport Copy for each member of Board of Directors must be attested by official authorities in country of origin
  • Signature verification for each Authorized Signatory must be attested by official authorities in country of origin
  • All required documents must have a valid expiry date when applying

Important: 

To complete the registration process, the following forms must be filled and signed at our Head Office:

  • FATCA Form
  • CRS Form
  • AML Questionnaire (If applicable)

For more information on requirements, please visit the FAQ section on the website.