National Bonds, a leading Sharia-compliant savings and investment company in the UAE, today announced another remarkable year marked by significant growth, with its investment portfolio crossing AED14 billion (US$3.8 billion) as of December 2023.
This major stride reaffirms the company’s position as a trusted financial partner for UAE nationals and residents seeking a simplified rewarding savings journey, tailored to their unique needs and aspirations.
Since its establishment in 2006, National Bonds has distributed approximately AED2.9 billion in profit payouts and prizes, reflecting its commitment to providing value to bondholders. With returns up to 5.84 percent in 2023, the company's investments exhibited steady growth, driven by a multifaceted strategy. National Bonds' customer-centric approach and efforts in promoting financial literacy led to a remarkable 215 percent increase in new customers compared to 2022.
The introduction of innovative savings programs like "EIBOR Plus", "My One Million" plan, and "Second Salary" savings plan expanded savings avenues for diverse customer segments. Embracing digital transformation, National Bonds witnessed a 74 percent increase in digital users in 2023, aiming to offer pioneering gamified savings opportunities and enhance customer experience across mobile, website, and back-office platforms.
Khalifa Al Daboos, Chairman of National Bonds, highlights the company's stellar performance in 2023, with a strong AED14 billion investment portfolio and a growing customer base. Emphasizing their commitment to competitive profit distribution, he attributes success to a diversified strategy and efforts to promote financial well-being in the UAE. Looking ahead, Al Daboos expresses readiness to capitalize on momentum, aligned with the UAE's ambitious economic initiatives, to deliver value and financial stability to customers.
Mohammed Qasim Al Ali, Group CEO of National Bonds, stresses their holistic approach to savings and investments, aiming beyond financial returns. He emphasizes the company's dynamic programs, prizes, and financial literacy efforts to empower individuals and organizations for a robust financial future. Notably, a 122 percent increase in new regular savers reflects the effectiveness of their financial literacy initiatives, crucial for achieving stability and security. Al Ali underlines National Bonds' pivotal role in promoting financial awareness and retirement planning, aligning with the UAE's economic goals.
News Source: Emirates News Agency
