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SEABEE CAN-DO
07-11-2017, 12:49 AM
Its been years since i have been able to talk to someone from the bank. Do they respond to balance or ever still have records of it..
I amagine all my stocks are lost as they were never put into my name. all the cash too. well over 10k

40plus
07-11-2017, 04:22 AM
I've been getting password renewals (sometimes after several tries) from Mr. Issa annually. My account has looked accurate, but the stock list comes by special request. I received one about 1 1/2 yrs ago & they had listed both proxy and in my good name. Have not logged on in a while. Last few times I tried I could not get beyond the login instructions..site was down????

What If....
07-13-2017, 02:15 PM
I've been getting password renewals (sometimes after several tries) from Mr. Issa annually. My account has looked accurate, but the stock list comes by special request. I received one about 1 1/2 yrs ago & they had listed both proxy and in my good name. Have not logged on in a while. Last few times I tried I could not get beyond the login instructions..site was down????

Glad to hear you got a proxy share update, that's all I have.

I've just about written this "investment" off. As screaming eagle said a few years ago 'Iraq wont change in 50 years'.

If it works out great, but I'm just glad I didn't invest 100k of my money or someone else's.

calstar
07-13-2017, 11:49 PM
Its been years since i have been able to talk to someone from the bank. Do they respond to balance or ever still have records of it..
I amagine all my stocks are lost as they were never put into my name. all the cash too. well over 10k

SEABEE all stocks from warka were placed in the ISX depository system. You can get a copy once warka comes back online. Guuner Mate.

haggisbasher
07-13-2017, 11:59 PM
If I remember correctly all cash dividends paid are being held with the ISC ????? its been that long, I hope things are developing behind the scenes and the black out with Warka and the CBI.

My account password is due for renewal on the 27th july, do I change it on that day or before anyone one remember.

SuperMan
07-16-2017, 12:58 PM
SEABEE all stocks from warka were placed in the ISX depository system. You can get a copy once warka comes back online. Guuner Mate.

Calstar: Can you explain more what this means? What is the ISX depository system? If Warka doesnt answer is there any other way to get this info? Does this mean that the stocks could somehow be somewhere and we could get our hands on it eventually?

James
07-16-2017, 02:06 PM
Here is a Point Presentation that mentions depository system. I asked (Warka ) a year or so and received an updated stock listing. All I can say is keep trying. Maybe someone else has more current info to share?


iraqfinance2014.com/files/Iraq Stock Exchange.pptx

Slide #9
Depository index in 2013 center IDC

The Iraq Depository, a division of the ISX opened to participation by the members of the Exchange subject to such terms and conditions as the Director of the Depository shall specify by rule, subject to the approval of the Board of Governors and the Commission.

The Depository aims

Promote the timely, safe and efficient settlement of securities transactions in accordance with the terms of those transactions.

Promote open and non-discriminatory access to clearance and settlement services.

Iraqi Securities Commission in 2008 decided " the IDC a special section inside the market for a while to take the body a decision to turn it into an independent entity , financially and administratively , to be open for the participation of any member in the market , and is managed and operated according to the conditions specified by the IDC manager be subject to the rules of the Board of Governors and the ISC .

calstar
07-17-2017, 06:48 PM
James, thanks for posting this information. :cool:

Will-it-happen?
08-02-2017, 05:24 PM
i got my password reset within 3 days (from two weeks ago) and an answer from the email starting 3044@ with my stocks (minus Warka holdings) I noticed it included shares I dont own , plus they avoided answering my question on certain dividends I never received

apart from that all appears to be ok (expect they wont release my money or shares !!!)

mike032588
08-19-2017, 07:19 PM
It sucks i have over 200,000 USD sent there. Mr Issa ignores me. Completly. One day I will get to the bottom of this investment. For now I will just sit back work hard and learn from my mistakes.

mike032588
08-19-2017, 07:19 PM
No matter what I do I cannot get a response from the bank... tried so many different emails... over and over and over...

mike032588
08-19-2017, 07:21 PM
I send this every time,

To Whom It May Concern,

I use to do lots of business with many of these email addresses. For 8 Years I held e-mail correspondence with your good bank. You continued to purchase me stock in your banks proxy and I continued to send money and do business. Then one day it all stopped. With each passing day, I hold onto hope. Many people say they are getting responses from Mr. Issa who I came to respect. I still believe in your bank. However, if I cannot reach anyone how can I ever do business. Please help me. Guide me to someone that can help me.

I need complete portfolio updates on all positions. I will send money to my accounts to get it. I have the complete paper trail backed up if you want to see ANY documents. Please Al-Warka Bank for Investment and Finance, HELP a long time believer & big time investor in your company.

-Michael

James
08-19-2017, 09:27 PM
Dear mike032588

I understand what your saying. I have relatives who have stock in the ISX through Warka as well as friends who are still in proxy through Warka Bank. I too have a Warka account but went a bit further and had things transferred in "my good name" years ago. I now have an ISX number and my shares are listed with the ISX. I recently transfer all my ISX shares from Warka to Al Karmal due to the frustration and lack of being able to trade shares, buy share and receive cash dividends.

I am currently searching for another Iraqi bank to do business with. Warka might rebound or better yet be bought out one day. In the mean time I would like to have access to my account and there are other banks out there I just need to find one to do business with.

I am thinking that folks who are in proxy have frozen assets and until Warka get relisted by the ISX everything is frozen. This is just my 2 cents and I could be wrong but the only thing I have done differently is was have my stocks put in my name.

I did ask the broker from Al Karmal if I could transfer some $ from my Warka account to Al Karmal to put in some money to buy a few stocks and this was there response.

" We are very sorry, we can't transfer your money because Al Warka bank is still under the custody but if you have shares that you want to transfer from Al Warka bank to us you could provide us with the form that shows your shares."

That is all I can tell everyone. The email I have used from Mr. Issa is mohammad.k.issa@warka-bank-iq.com
When I received my update stocks it came from 3044@warka-bank-iq.com


Good luck and keep everyone posted should you get a reply.



I send this every time,

To Whom It May Concern,

I use to do lots of business with many of these email addresses. For 8 Years I held e-mail correspondence with your good bank. You continued to purchase me stock in your banks proxy and I continued to send money and do business. Then one day it all stopped. With each passing day, I hold onto hope. Many people say they are getting responses from Mr. Issa who I came to respect. I still believe in your bank. However, if I cannot reach anyone how can I ever do business. Please help me. Guide me to someone that can help me.

I need complete portfolio updates on all positions. I will send money to my accounts to get it. I have the complete paper trail backed up if you want to see ANY documents. Please Al-Warka Bank for Investment and Finance, HELP a long time believer & big time investor in your company.

-Michael

Brazileiro
08-20-2017, 08:12 PM
congrats James on getting your stocks transferred! Too bad it didn't work to transfer cash as well. Id love to have access to the cash in my account, as I imagine everyone would. I'm wonder why/how Warka still has people working for them.

I thought Warka was removed from Guardianship years ago...and CBI allowed Warka to exercise all banking activities in Jan 2016,,,apparently not.