GROWESCO

General Policies

Learn about the policies and procedures governing Growesco platform operations

(Operated by Rouwad Al Tamkeen LLC – Republic of Iraq)

Growesco – General Policies

Rouwad Al Tamkeen for Information Technology, Technical Solutions, and General Services – LLC

1

Legal Framework

Growesco operates under the legal framework of the Republic of Iraq.

The platform is owned and managed by Rouwad Al Tamkeen LLC, a legally registered entity with the Companies Registrar.

All activities are aligned with:

  • Iraqi Civil Code
  • Iraqi Commercial Code
  • Central Bank of Iraq regulations (for payment processes, AML/KYC)
  • Iraqi E-Commerce and Digital Services regulations (as applicable)
2

Nature of Services

Growesco is a digital platform specialized in:

Project Management & Monitoring:

Digitally managing operational and development projects in sectors such as real estate, entertainment, recycling, and technology.

Opportunity Presentation:

Showcasing vetted opportunities and structured participation models.

Contract Management:

Preparing, digitizing, and notarizing contractual agreements.

Financial Reporting:

Providing dashboards and transparent reporting to participants.

Note: The platform acts as a facilitator and manager, not a public investment fund.

3

Compliance Policy

To ensure full alignment with Iraqi and international standards, Growesco adopts:

KYC (Know Your Customer):

Verification of participant identity via government ID, address proof, and source of funds declaration.

AML (Anti-Money Laundering):

Strict monitoring of transactions in line with the Central Bank of Iraq guidelines.

Documentation:

All agreements are notarized and archived physically and digitally.

Transparency:

Clear disclosure of fees, risks, and timelines.

4

Risk Management Policy

  • •Every project undergoes a feasibility study and risk analysis before being listed.
  • •
    Participants are informed of:
    • Expected returns
    • Duration of project
    • Potential risks (operational, legal, environmental, market-related)
  • •Growesco disclaims responsibility for risks beyond its control (e.g., force majeure, political instability).
5

Data Protection & Privacy Policy

  • •All personal data collected during registration and KYC is stored securely.
  • •
    Data is used only for:
    • Compliance
    • Contractual processing
    • Communication with participants
  • •No personal data will be shared with third parties unless legally required.
6

Transparency & Reporting Policy

  • •
    Participants receive access to digital dashboards with:
    • Project milestones
    • Financial flows
    • Performance reports
  • •Annual financial reports are prepared and may be audited.
7

Payment & Settlement Policy

  • •All financial flows are processed via licensed banks and regulated payment gateways in Iraq.
  • •Growesco maintains corporate accounts only; no funds are received through personal accounts.
  • •Settlement receipts and official invoices are issued for every transaction.
8

Dispute Resolution Policy

  • •Any disputes shall be resolved first by negotiation and mediation.
  • •If unresolved, disputes shall be referred to arbitration under the Iraqi Chamber of Commerce or to the competent Iraqi courts.
  • •Jurisdiction: Republic of Iraq
9

Governance & Ethical Standards

  • •Commitment to corporate governance principles: fairness, accountability, transparency.
  • •No political or illicit affiliations.
  • •All activities prioritize compliance, ethical responsibility, and community benefit.
10

Exit & Continuity Policy

For projects, Growesco may provide:

  • •Buy-back arrangements for successful ventures.
  • •Transfer options of contractual rights.

Ensures continuity and fair returns for participants.