2015م - 1444هـ
Bahraini Saudi Wakala Deposit Agreement

This Agreement is made on this ____________day of ______________ 20_____ between the parties described below (each represented as a “Party and together represented as “Parties”)

1) Bahraini Saudi Bank B.S.C.

P.O. Box 1159, Manama – Kingdom of Bahrain Tel: +973 17 578999

Fax: +973 17 210989

Hereinafter referred to as (the “Bank”)

2) Mr. / Mrs. / Miss /M/S__________________________________________________

CPR /CR / Passport No._______________________________________________

Tel: ________________________________

Fax: ________________________________

Hereinafter referred to as (the “Client”)

The Client’s Wakala Deposit Account Details (Saving/ Current/Call account from which monies will be utilized for a Transaction)

Account Number: _____________________

This Agreement is subject to the General Wakala Deposit account terms and conditions herein under:

Whereas the Client wishes to deposit monies with the Bank and appoint the Bank as its agent for the purposes of entering into Transactions from time to time with the aim of achieving a profit.

It is agreed as follows: