How to buy Alwarka Stock ISX

[Weston]

I have an Alwarka Bank Account how do i go about buying Alwarka Stock?

AND what do you guys think of this investment? think its a good idea or what?

[Jerry]

Well unfortunately yu cannot purchase stock yet on the ISX. However you can submitt a signed statment as to how many shares you wish to purchse so that when it does open, the broker at warka can put n your order. Thans to Bry heres a template of how to place your order...

"ATTENTION : Date 9-26-04
Miss R
IRD
Al - Warka Bank

I, BRYAN ****** ____________________ Authorize Warka Bank to withdraw funds from my current Iraq Dinar Account #
For stock purchases of listed companies the same day That Foreign investors are permitted to purchase stocks on the ISX .

Stocks I wish to purchase when available for trade to the Foreign Public.
Each company listed below I want to buy 50,000 dinars worth of stock in each company.
1. stock # 10032 Kerbala Industries = 50,000 dinars
2. stock # 10028 Iraqi Petrochemicals = 50,000. dinars
3. stock # 31003 Ishtar Hotel = 50,000 dinars
4. stock # 31011 Baghdad for transports = 50,000 dinars
5. stock # 11008 Alkindi for Inoculations = 50,000
6. stock # 11017 Modern Paints = 50,000 dinars
7. stock # 11005 Chemical Products = 50,000 dinars
8. stock # 10020 North Soft drinks =50,000 dinars
9. stock # 11001 Baghdad soda = 50,000 dinars
10 . stock # 11025 Clothe Finished Products = 50,000 dinars
11. stock # 11004 Light Products = 50,000 dinars
12 stock # 10015 Almansoor for Medicine = 50,000 dinars

Total invested in dinars = 600,000 dinars

Each of the following companies listed below I want to purchase 75,000 dinars worth of stock for each company listed below .
1. stock # 40021 Alwarka Bank = 75,000 dinars
2. stock # 40002 Baghdad Bank = 75,000 dinars
3. stock # 20012 Certified Seeds = 75,000 dinars
4. stock # 31009 Baghdad Hotel = 75,000 dinars
5. stock # 31020 Transport Oil Products and ??? = 75,000 dinars

Total invested in dinars = 375,000 dinars

* Grand total of invested dinars = 975,000 dinars *

The balance of dinars please allow 2,000 dinars in the current account and the remaining dinars into the Savings Account #.

Thank you Miss R for your time and attention to the customer needs. Please send return statement with all the current balances for each account . If there are any problems or questions please contact me ASAP and I'll respond ASAP. Thank you again and I will be adding my wife onto the account after the exchange is open to foreigners .
Best regards,
Mr. Bryan ******"

As far as purchasing stock in Warka I think its a good idea. In dealing with R some of us kinda have inside info about the bank. For instance they are opening a branch in the north in the next month... Kirkuk I believe.. Buiena is also Chairman of the board of the Bankers Association Of Iraq. The banking industry is set to boom in Iraq as most small business loans and contracts will be handled through the banks. Warka is also going it alone, meeting thier initial required ammount of 10 bil dinars without the assistance of a larger bank supporting them (the less they are owned the more you make). Buiena is a pretty prominant family in Iraq. They will have no problem making the 10 bil requirement. Also the banks current unpaied loans are subsiquently small, where as those of Credit Bank and Bank of Baghdad have some ammount of outstanding debt to write off which is still accounted for on the books.
Overall I think its a good choice.
Just my 2 cents

Jerry

[Weston]

So any idea when when they will open up? Sounds like Warka bank is set to make it big which I like

[Jerry]

Nope... thats what everyone is here for.

[onepence]

Dear Friends,

I have actually been thinking about the same sort of things .... I need about another month or two ... than maybe I will do the exact same thing or something similiar ... different Bank ???? ....

oneness,
dh