Earth Hour

CBK Brokerage is keen to make an active contribution to environmental and awareness-raising events as an environmentally friendly company. It participates in Earth Hour, a global event in which individuals, communities and companies are encouraged to turn off lights and electronic devices at each country's time from 20:30 to 21:30. This is from the perspective of its social responsibility and raising awareness towards climate change threats, environmental protection and energy consumption. The company's initiatives to preserve the use of energy is not restricted to one hour per year but everyday throughout the year. This step is not new to CBK brokerage, which for years has adopted a daily approach in its various departments and offices by turning off unnecessary lights.

 

Al Tijari Brokerage Company VS Corona Virus

 

What is Novel coronavirus?

A novel coronavirus (CoV) is a new strain of coronavirus that has not been previously identified in humans. Coronaviruses are a large family of viruses that are known to cause illness ranging from the common cold to more severe diseases such as Middle East Respiratory Syndrome (MERS) and Severe Acute Respiratory Syndrome (SARS). The 2019 Novel coronavirus strain (COVID-19) was first identified in a cluster of pneumonia cases in Wuhan City, Hubei Province of China.

How is novel coronavirus transmitted?

The modes of transmission of the COVID-19 are currently unknown, however could be similar to other coronaviruses which are transmitted in general through:

•Direct transmission through airborne droplets generated from a sick patient during coughing and sneezing

•Indirect transmission through contact with contaminated surfaces and subsequent contact with an individual’s mouth, nose or eyes.

What are the signs and symptoms?

It depends on the virus, but common signs include respiratory symptoms, fever, cough, shortness of breath, and breathing difficulties. In more severe cases, infection can cause pneumonia, severe acute respiratory syndrome, kidney failure and even death.

Ministry of Health Reference: Kuwait 

The company's plan to overcome the Corona virus

In the interest of Al-Tijari Financial Brokerage Company KSC for the safety and health of its customers and employees, and in order to fulfill its social role to the fullest, therefore, Al Tijari Financial Brokerage Company undertook the following procedures:

1- Determine the risks related to corona virus

- Dealing with customers

- Average age of employees

- The number of workers with chronic diseases

- Entry and exit of employees from the company

- Use the fingerprint to record attendance or leave

- Staff gatherings within the company

- Staff returning from travel

- Employee transactions within the company

 

2- The measures taken by the company to reduce the risks of the Corona virus

 -  In compliance with the decision of the Council of Ministers, the Commercial Brokerage Company stopped receiving customers at its branches from March 12, 2020 to March 26, 2020, in order to ensure the safety of its customers and employees and only provide its services via electronic platforms or telephone contact.

- The company has reduced the number of employees to a minimum, to ensure the continuity of customer interests and reduce working hours for employees in addition to activating the work of the rest of the employees from home through modern means of communication.

- The company exempted older employees from work.

- The company exempted employees with chronic diseases from work.

-  The company has specified more than one entrance and exit for entry and exit of employees from the company's headquarters in order to ensure the safety of employees.

-  The company prohibited the use of the fingerprint to record the attendance and departure of employees.

-  The company has prevented staff gatherings inside the company headquarters.

-  The company has applied the period of home quarantine to all employees returning from traveling during the previous period and not allowing them to start work without making the necessary protective statements.

-  The company prohibited the use of papers inside the company's headquarters and replaced them with electronic messages.

-  The company has provided all necessary protective materials for employees inside the company headquarters such as masks and sterilizers

Al-Tijari Brokerage Company Shall notify its clients of the instructions issued by the regulatory authorities and remind them of their full commitment to protect them from the penalties that may arise as a result of non-compliance.

In reference to the executive bylaw model 14 (Market Conduct) of the executive bylaw no. 7 of 2010 and its amendments regarding the establishment of the Capital Markets Authority and regulation securities activities, article No. (3 - 1) : A punishable by imprisonment of a term of not more than five years and fine of not less than ten thousand Dinars and not more than one hundred thousand Dinars, or by either of these two penalties, shall be incurred by any person who is proved to have intentionally committed one of the following acts :

1. Behaves in a way that creates a false impression or misleads people concerning the actual trading in a Security or a Securities Exchange through:

a. Entering into a deal in a manner that is not conducive to real change in the Security’s ownership;

b. Entering a purchase or sale order for a Security with the knowledge that a similar order in terms of size, price, time of sale or purchase for the same

Security has been or will be issued by the same Person or by Persons who act in  greement with that Person.

2. Whoever concludes one or more deals concerning a Security, that would lead to:

a. An increase in the price of the Security of the same Issuer for the purpose of  ncouraging others to purchase it.

b. A reduction in the price of the Security of the same Issuer for the purpose of encouraging others to sell it.

c. Creating actual or fictitious trading for the purpose of encouraging others to purchase or sell.

Al-Tijari Brokerage Company Shall notify its clients of the instructions issued by the regulatory authorities and remind them of their full commitment to protect them from the penalties that may arise as a result of non-compliance.

In reference to executive bylaw model 14 (Market Conduct) of the executive bylaw no. 7 of 2010 and its amendments regarding the establishment of the Capital Markets Authority and regulation securities activities, article No. (3 - 2) : The crime set forth in Article (122), paragraph (1/A) of the Law shall be committed, if a Person acts in false or misleading manner in regards with actual trading of a listed Security or of the Securities exchange through entering into a transaction in a manner which does not result in an actual change to the ownership of such Security, in the following cases:

1. Purchasing or selling a listed Security in the accounts of the same Person.

2. Purchasing or selling a listed Security amongst direct or indirect accounts of such Person through Investment Portfolios incorporated for a Licensed Person and managed by the Client or amongst accounts of such portfolios.

3. Purchasing or selling a listed Security amongst direct or indirect accounts of such Person through the Subsidiaries thereof or amongst the accounts of such subsidiaries.

Al-Tijari Brokerage Company Shall notify its clients of the instructions issued by the regulatory authorities and remind them of their full commitment to protect them from the penalties that my arise as a result of non-compliance.

In reference to executive bylaw model 14 (Market Conduct) of the executive bylaw no. 7 of 2010 and its amendments regarding the establishment of the Capital Markets Authority and regulation securities activities, article No. (3 - 3) : The crime set forth in Article (122), paragraph (2/c) of the Law will be committed in the following cases:

1. Concluding transactions on a listed Security, in order to give false impression about the activity or price of such Security, in cases other than those in which the Market Maker exercises its activities in accordance with the rules governing its activity.

2. Concluding transactions on a listed Security, in order to affect the closing price of the same listed Security and mislead traders.

3. Concluding transactions by a Person or amongst Persons working in collusion with each other, in order to affect a listed Security, which have the effect of fixing purchase or sale prices at a certain level or creating other unfair trading conditions.

4. A Person has a significant influence over the supply of, or demand for, a listed Security acting through selling or purchasing for the purpose of positioning at a distorted level the price at which other Persons have to deliver their security.

5. A Person or more Persons in collusion with each other concluding transactions on a listed Security or more, in order to manipulate with the market index or with the price of another relevant listed Security.

6.  If the same  Person  concludes  transactions in a frequent  and  contradictory  manner, and at convergent times, and constitutes a significant percentage of the trading of a listed Security, especially if this is associated with a noticeable market change on the price of such Security, excluding the Market Maker who carries out its activity in accordance with rules governing its activity.

Al-Tijari Brokerage Company Shall notify its clients of the instructions issued by the regulatory authorities and remind them of their full commitment to protect them from the penalties that my arise as a result of non-compliance.

In reference to decree No. (72) of 2015 regarding  the issuance of the executive bylaw of Law No. 7 of 2010 on the establishment of the Capital Markets Authority and regulating the activity of securities.The following acts shall be included amongst the Violations, for which any Person shall be accountable in a disciplinary manner.    The Disciplinary Board shall be entitled to apply financial penalties or other Penalties if any of the following acts are committed.

1- Entering, cancelling, or amending orders consecutively and intensively to achieve the following:

a. Obstruct or delay the trading system in the Exchange.

b.  Make entry or follow-up of orders in the trading system more difficult.

 c. Mislead traders concerning trading or price of a listed Security

2-  Entering orders on a listed Security at a price higher than the execution price of such security upon entering the order or at a price less than the execution price of such security upon entering the order, so as to affect the price of such

Security.

3- Spreading, broadcasting, or promoting    rumors    or    giving    misleading    and    incorrect data, information and statements, which may affect the prices and trading of Securities.

4- Entering orders of sell or purchase on a listed Security by an Insider, personally or through another Person, while such insider is possessing Inside Information about such Security, even if such orders could not be executed for other reasons not related thereto.

5- Entering orders of sell or purchase on a listed Security by a Person, personally  or through another Person, for the purpose of committing acts set out in Article (3-of this Module to create an actual or fictitious trading to encourage others to sell or purchase, even if such orders could not be executed for other reasons not related thereto.

6- Giving an opinion, an advice, or a recommendation which may affect the price or trading of a listed Security for the purpose of attaining a benefit or an interest for such person without disclosure of such benefit of interest before giving the

opinion, advice, or recommendation.

7- Entering one or more orders on a listed Security, then cancelling such orders prior to execution, and repeating such transaction with large quantities of Securities that affect the real status of the prices of demand and supply  on  such security, if it turned out that such act is intended to:

a- Encourage traders to sell or purchase the listed Security

b- Increase or decrease the price of a listed Security

8- Entering orders or executing transactions excessively by the Licensed Person on the account of the Client for the benefit of the Licensed Person without any benefit equivalent to concluding such transactions for the Client.

9- If the  same  Person  concludes  transactions  in  a  frequent  and  contradictory  manner, and at convergent times, and with a rate that influence the trading of a listed Security, especially if this is associated with a noticeable market change on the price of such security, excluding the Market Maker who carries out its activity in accordance with rules governing its activity. Article 3-54Article 3-53Chapter Three Fraud and Manipulation in the Exchange.

10- Entering  one  or  more  orders  or  concluding  trading  transactions,  based  on  reviewing  data,  reports,  or  analyses,  which  may  affect  the  price  of  a    listed    Security  prior  to  announcing  the  same  for  the  Clients  or  in  the  means  of  communication available for the public.

11- Entering  orders  or  concluding  transactions  on  a  listed  Security  while  in  possession  of  information  undisclosed  to  the  public  relevant  to  a  company  belonging to the same Group of the company which issued the Security subject of the order or deal, if such information may affect the price or trading of the Security subject of the order or deal.

12- Entering orders or concluding transactions on a Security listed outside the State of Kuwait in order to affect the price of the same security in the Exchange and encourage others to sell or purchase.

13. Any other practices aiming to mislead traders on Securities.

 

 

Raising Awareness on Vocational Rehabilitation Concept of Special Needs

Al-Tijari Brokerage aims to increase social understanding towards people with special needs, to publicize their freedoms and the value of incorporating them into society. By incorporating innovative concepts that address people with disabilities as stable people with full freedoms, raising awareness of the value of improving interaction between them and members of the community, and encouraging them to explore their talents while enhancing their self-confidence and skills. On the occasion of the annual World Special Needs Day on 3 December, which the United Nations has been dedicating since 1992 to supporting people with special needs to raise awareness and awareness of disability issues in order to ensure their rights. And to encourage the participation of disabled people through social and professional life. Al-Tijari Brokerage Company leads to raise awareness towards the concept of vocational rehabilitation "this is the phase of the connected and organized rehabilitation process, which involves the provision of professional services such as vocational advice, vocational training and voluntary use to allow people with special needs to ensure, sustain and encourage appropriate work." This is part of the ongoing and intertwined rehabilitation process requiring the delivery of professional services such as education, vocational training and work, helping the disadvantaged to get and settle for the right job. One of the most important goals for vocational rehabilitation is to mitigate disabilities by medical care to physiotherapy and undertake tasks that are essential to everyday life and personal peace. To help them develop their capacity to fulfill daily needs within the limits of their disability, for social compatibility within the family and society. Besides providing the opportunity for the special needs to develop their physical and psychological abilities to feel society's benefit and value. The aim of vocational rehabilitation is to accept and support people with special needs, to preserve their integrity and understand their need to adapt and be flexible in terms of the working conditions open to them in the fields of work after they have trained for it.

Eventually, public understanding of the path of people with special needs should be increased, capability should be concentrated, derogatory stereotypes should be removed, and a comfortable working environment should be built for you. In addition, to ensure occupational safety elements and develop vocational training programs for people with special needs that meet labor market requirements, move to subsidized employment programs that provide support in the work environment, and provide guidance to employers and colleagues.