Shoyeb Ali

Mr. Shoyeb Ali serves as Assistant Vice President in Clients’ Portfolio Management, with nearly 24 years in equity research, valuation and portfolio management across the GCC Stock Markets. He has  held senior roles since he began his research career at KAMCO and Head of Research then at KFH Capital and as an Investment Director at KMEFIC. He holds an MBA in Finance, a Masters degree of Commerce in Banking & Economics , a Diploma in Business Finance (ICFAI, India),  CISI certified, and is a CMA registered portfolio manager in Kuwait.

About

  • Role:
  • AVP - Asset Management Group
  • Joined:
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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.