Emirates NBD, a prominent banking group in the MENAT region, has unveiled a groundbreaking initiative allowing customers to invest in UAE equity markets with zero transaction fees.
This move is designed to stimulate the growth of domestic stocks and contribute to the UAE’s economic expansion.
Aligning with the UAE’s ‘We the UAE 2031’ vision, which aims to solidify the country’s status as a global economic powerhouse, this initiative underscores Emirates NBD’s dedication to supporting the nation’s economic agenda. The bank's commitment is evident through its collaboration with government bodies, regulators, and the private sector to enhance the UAE’s global investment profile.
Customers can now use the ENBD X mobile banking app to trade over 150 regional equities without incurring transaction fees.
Marwan Hadi, Group Head of Retail Banking and Wealth Management at Emirates NBD, emphasized the bank’s role in financing the UAE’s real economy.
“This initiative not only provides our customers with cost-free access to local equity markets but also supports the growth of national businesses and aligns with our goal to advance financial prosperity,”
Hadi said.
The bank’s digital wealth platform offers access to more than 11,000 global equities and 150 regional equities, reflecting its ongoing commitment to innovation. Following the launch of fractional bonds earlier this year, the platform continues to evolve, featuring a Secure Sign facility that streamlines the trading of complex financial instruments.
This initiative reinforces Emirates NBD’s role in facilitating greater investment opportunities and fostering economic growth within the UAE, marking a significant step in the bank's strategic objectives.
News Source: Dubai Media Office
