National Bonds, Lulu Exchange Sign Strategic Agreement to Boost Savings Culture in UAE

National Bonds, Lulu Exchange Sign Strategic Agreement to Boost Savings Culture in UAE

  • The partnership will allow customers to instantly open aNational Bonds account or top up an existing account at any of the 90+ Lulu Exchange branches in the UAE
  • The strategic collaboration aims tousher in a new era of savingsto benefit the community at large

Dubai, UAE, 02January2023: National Bonds, the UAE’s leading Shari’a-compliant savings andinvestment company owned by the Investment Corporation of Dubai, has partnered with Lulu Exchange – a globalcross-border payments company, to provide customers and employees the opportunity to embark on and accelerate their savings journey.

The partnership will make it easierandconvenient for UAE nationals and expatsto choose from National Bonds’ diversified saving solutions, as well astop up their National Bonds account instantly,through any of the 91 Lulu Exchange branches spread across the UAE.

Speaking of the partnership, National Bonds Group CEO, Mohammed Qasim Al Ali, said: “At National Bonds, while we’re working on our mission to empower nationals and residents of the UAE to take charge of their financial future, we’re also striving to deliver intelligent and convenient services to help them have easy access so that they can make swift and confident decisions on time. Our partnership with a financial giant like Lulu Exchange is another step we have taken towards this mission. Through this collaboration between a leading savings and investments company and a renowned financial institution, we want to push the boundaries of the UAE savings culture and make sure everyonecan get started on their savings journey.”

Expressing optimism on the benefits of the partnership, Mr. Adeeb Ahamed, Managing Director, LuLu Financial Group, said, “We are delighted to engage with National Bonds to bring their unique services closer to the people of UAE. Investing in reliable savings instruments is key to one’s financial wellbeing, and National Bonds has always been a trustworthy provider in helping its customers achieve this goal. Through our wide network of branches, we hope to drive greater awarenessaround the various schemes of National Bonds and inculcate a culture of savings among our customers.”

National Bonds’ saving schemes have historically yielded highly competitive profit rates for savers each year. Customers signing up through Lulu Exchange will automatically be enrolled into the rewards programadministered by National Bonds, aside from National Bonds’ ongoing AED 35 million annual rewards program—which will give away over 400,000 prizes on a yearly basis.

Here’s how you can get started To start an account, simply bring yourvalid EmiratesID toa Lulu Exchange branch near you. The signup process will take less than five minutes, after which you canaccess and keep track of youraccount through the National Bonds Mobile App available on both Android and Apple IOS.

For more information on the National Bonds and Lulu Partnership, www.nationalbonds.ae.

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About National Bonds Corporation PSC

National Bonds CorporationSole Proprietorship PSC is a Shari’a-compliant savings and investment company, established in 2006. It is 100% owned by The Investment Corporation of Dubai, the investment arm of Dubai government, and is licensed and supervised by the Securities and Commodities Authority. The company provides UAE nationals, UAE residents and non-residents with an opportunity to build and fortify their savings safety net, as well as invest in programs that offer competitive returns with lower risk. Its goal is to encourage a disciplined savings habit for people across the 7 Emirates, in line with the UAE Government Vision for a financially secure and sustainable future. National Bonds offers an exciting AED 35 Million Rewards Program to all savers, with monthly and quarterly prizes ranging from AED 1 million to various luxury cars. www.nationalbonds.ae

About LuLu Exchange

LuLu Exchange is a part of the LuLu Financial Group, an ISO 9001:2015 certified global financial services enterprise headquartered in Abu Dhabi. The company offers seamless cross-border payment solutions powered by a robust network of  physical branches and digital payment solutions in the UAE, as well as reputed partners, and high standards of customer care. Lulu Exchange is licensed by the Central Bank of UAE and is a leading facilitator of UAE’s Wage Protection System. 

To know more, visit www.luluexchange.com

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