Last updated: September 26, 2021
These Terms and Conditions (Terms, Terms and Conditions) govern your relationship with https://www.ipo.com.kw website and IPO Kuwait mobile application (the "Service") operated by Kuwait Clearing Co. ("us", "we", or "our").
Please read these Terms and Conditions carefully before using our website and IPO Kuwait mobile application (the "Service").
Your access to and use of the Service is conditioned on your acceptance of and compliance with these Terms. These Terms apply to all visitors, users and others who access or use the Service.
By accessing or using the Service you agree to be bound by these Terms. If you disagree with any part of the terms, then you may not access the Service.
Declaration and Undertaking
By clicking on the “I Agree” button I:
Acknowledge, declare and represent that:
I have read all the documentation made publicly available (the Documentation) regarding the settlement of the value (the Transaction) of the shares (the Shares) of Initial Public offering or Capital Increment) of (the Company), including but not limited to the prospectus (the Prospectus) and the Company’s articles of association.
All necessary information regarding the Company and the Transaction have been made available to me in order to take a full and informed decision as to proceed with the Transaction and where necessary, I have consulted with an investment advisor, licensed by the Capital Markets Authority.
I have the authority and obtained all necessary consent(s) to contract on behalf of the third parties I have inserted their contact and identity information herein and to settle, on behalf of such third parties, the value of the Shares to which they are entitled to.
I will only hold/own such number of Shares to which I am entitled to as provided in the Prospectus. As such, settling the value of the Shares on behalf of third parties, not entitle me to any ownerships right in these Shares, as such third parties shall be the sole property of such third parties.
I authorize Kuwait Clearing Co.to use the email address and mobile number provided when using the service and declare my full responsibility for the correctness and validity of this information.
All the information provided herein is true, correct and complete.
Undertake and agree to:
Abide to all the Documentation’s terms and conditions.
Take full responsibility for the invalidity or incomplete information provided herein, including the information provided on behalf of third parties.
By selecting the "I Agree" button, I am signing this Declaration and Undertaking electronically. I agree that this acceptance constitutes an electronic transaction (pursuant to Law No. 20 of 2014 Concerning Electronic Transactions) and my consent is the legal equivalent of my manual signature on this Declaration and Undertaking. By selecting "I Agree" I consent to be legally bound by this Declaration and Undertaking.
The Service and its original content, features and functionality are and will remain the exclusive property of Kuwait Clearing Co. and its licensors. The Service is protected by copyright, trademark, and other laws of Kuwait. Our trademarks and trade dress may not be used in connection with any product or service without the prior written consent of Kuwait Clearing Co.
Links to Other Web Sites
Our Service may contain links to third-party web sites or services that are not owned or controlled by Kuwait Clearing Co.
Kuwait Clearing Co. has no control over, and assumes no responsibility for, the content, privacy policies, or practices of any third-party web sites or services. You further acknowledge and agree that Kuwait Clearing Co. shall not be responsible or liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with use of or reliance on any such content, goods or services available on or through any such web sites or services.
We strongly advise you to read the terms and conditions and privacy policies of any third-party web sites or services that you visit.
We may terminate or suspend your transaction immediately, without prior notice or liability, for any reason whatsoever, including without limitation if you breach the Terms.
Upon termination, your right to use the Service will immediately cease. If you wish to terminate your account, you may simply discontinue using the Service.
Limitation of Liability
In no event shall Kuwait Clearing Co., nor its directors, employees, partners, agents, suppliers, or affiliates, be liable for any indirect, incidental, special, consequential or punitive damages, including without limitation, loss of profits, data, use, goodwill, or other intangible losses, resulting from (i) your access to or use of or inability to access or use the Service; (ii) any conduct or content of any third party on the Service; (iii) any content obtained from the Service; and (iv) unauthorized access, use or alteration of your transmissions or content, whether based on warranty, contract, tort (including negligence) or any other legal theory, whether or not we have been informed of the possibility of such damage, and even if a remedy set forth herein is found to have failed of its essential purpose.
Your use of the Service is at your sole risk. The Service is provided on an "AS IS" and "AS AVAILABLE" basis. The Service is provided without warranties of any kind, whether express or implied, including, but not limited to, implied warranties of merchantability, fitness for a particular purpose, non-infringement or course of performance.
These Terms shall be governed and construed in accordance with the laws of Kuwait, without regard to its conflict of law provisions.
Our failure to enforce any right or provision of these Terms will not be considered a waiver of those rights. If any provision of these Terms is held to be invalid or unenforceable by a court, the remaining provisions of these Terms will remain in effect. These Terms constitute the entire agreement between us regarding our Service, and supersede and replace any prior agreements we might have between us regarding the Service.
If you have any questions about these Terms, please contact us.
By email: email@example.com
By visiting this page on our website: https://www.ipo.com.kw