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    Thursday,March 30,2017

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Kuwait Clearing Company - Paying dividends electronically

The electronic transfers of dividend payments and trading proceeds to NBK Shareholders are enabled through an agreement signed between NBK and Kuwait Clearing Company (KCC).  This service is available to individuals as well companies holding NBK shares not ceded as collateral.

This new value added service provides customers with a convenient, time-saving alternative to depositing physical cheques into their NBK accounts.  It will only be required to apply once for this service – whenever other companies are signed up for this service, dividends and trading proceeds will be transferred electronically to your account.

For the application Form, please click here 


Common Questions

  • Is this new electronic service available for dividend payments only?
    Customers whom qualify for this electronic payment service will be able to receive their dividends and their trading proceeds electronically provided that both options are selected on the application form. It will be possible to only receive dividend and/ or trading proceeds if only one option is selected on the application form.
  • Will companies and individuals be able to make use of this service?
    Both companies as well as individuals holding NBK shares will be able to benefit from this electronic service.
  • What are the key benefits of this service to customers?
    Once individual customers as well as corporate customers have been successfully registered, they will be able to receive their trading proceeds and/or dividend proceeds directly into their bank accounts. It will no longer be required to collect cheques from Kuwait Clearing Company and then to deposit these into your NBK account.
    It will only be required to apply once for this service – whenever other companies are signed up for this service (such as Zain) i.e. transferring their dividends through NBK, Zain dividends will be transferred electronically to your account.
  • How do I apply for this service?
    Click here to complete the application form with all the details required, attach a copy of your valid civil id, passport or company registration and hand this in to any of NBK’s branches. Please ensure that the authorized signatory signs the application form in the case of companies.




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