The following are considered Professional Client by Nature: 1. A government, public entity, central bank or an international institution (World Bank or International Monetary Fund). 2. Licensed Person and other financial institution that is subject to Regulatory Bodies inside or outside the State of Kuwait. 3. Any company whose paid capital is at least One Million Kuwaiti Dinars or its equivalent. In all cases, a Licensed Person may agree in writing with a Professional Client by Nature to be categorised as a Retail Client.