Open an Account

How to Open an Account

Dear Prospective Client,
To deal with Rabee Securities, the investor is required to open an account.
To open an account, the following documents should be emailed to newaccount@rs.iq.
Please make sure scanned copy is in colour and clear.
After the approval of the account, please send the originals to our Baghdad office via DHL.
Please note, all documents should be verified by a Notary Public.
Please note, as we are receiving multiple requests about investing in Iraq because the market is at a very low level, we are bringing the minimum investment down to $20 K for international retail investors.

 

For Individuals:

  • Color copy of passport and ID. (Kindly make sure that the colored scan of your passport is clear and certified at a Notary Public).
  • The Contract.
    Download the Contract
  • Complete and sign the color copies of Application 1A, and Application 2 (For Electronic Trading).
    Download Application 1A and Application 2

 

For Companies and Governmental Institutions:

  • A color copy of passport(s) of the authorized person(s) who would deal with the account certified at a notary public. (Kindly make sure that the colored scan of passport is clear).
  • A certified Copy of Commercial Registration Certificate, also company registrations number.
  • A certified copy of Articles of Association.
  • Complete and sign the color copy of the Contract. Stamp the 4th and 5th pages of the Contract with the corporate seal.
    Download the Contract
  • Complete and sign the color copies of Application 1B and Application 2. Stamp these Applications with the corporate seal.
    Download Application 1B and Application 2


Following the receipt of all document, Rabee Securities will setup the account at Iraqi Depository Centre (IDC) and send the investor the details forbank transfer.

After the money has been received, the investor can trade on the ISX through Rabee Securities by transmitting the orders by writing clearinstructions to the body of the email and sending the order email both to RS Traders email address (traders@rs.iq) and his/heraccount representative email address.

RSISX Index

Type Close % Chg YTD % Chg
IQD RSISX 969.6 1.7% 6.5%
USD RSISX 953.4 1.7% 23.0%

Best & Worst Performers

Best Performers

Code Closing (IQD) % Chg
BEFI 0.150 15.4%
BUOI 0.360 9.1%
IMOS 7.500 7.1%
BNOI 1.370 5.4%
IMAP 2.240 4.7%

Worst Performers

Code Closing (IQD) % Chg
IKHC 1.800 -5.3%
BSUC 0.190 -5.0%
AMAP 0.690 -4.2%
HSAD 18.000 -2.7%
SBPT 29.300 -2.3%

TOP 5 Traded Volume

Code Trading Vol.
(IQD mn) / d		 Trading Vol.
($'000)/d
TASC 165.7 125.5
IBSD 132.0 100.0
IMAP 112.7 85.4
SMRI 93.9 71.1
BBOB 60.2 45.6

Trading Volumes by Sectors

Sector Trading Vol.
(IQD mn)/d		 Trading Vol.
('000 $)/d
Industry 265.7 201.3
Telecom 165.7 125.5
Banking 162.7 123.3
Services 116.7 88.4
Agriculture 45.9 34.7
Hotels&Tourism 28.1 21.3
Insurance 0.0 0.0
Investment 0.0 0.0
Total 784.8 594.5