National Bonds GCEO Unveils Three-pronged Strategy for Savings Boom in 2024

Dubai, UAE –05 February, 2024

The Group Chief Executive Officer of National Bonds, thespecialist savings and investment company in the UAE, unveiled a three-pronged strategy ontoday,to drive a nationwide savings surge in 2024. The plan focuses on simplifying the savings process, fostering financial literacy, and leveraging innovation and digital tools.

Mohammed Qasim Al Ali, Group Chief Executive Officer at National Bonds, expressed confidence in thestrategy, stating, “We aim to make saving a lifestyle, away from consumer culture and empower individuals to achieve their financial goals.By prioritizing accessibility, innovation, and customer-centricity, National Bonds is positioning itself as a key player in shaping a future where saving is not just a necessity but a way of life, fostering a more stable and prosperous future for the UAE nationals and expatriates.”

National Bonds: 64% of Employees under 30 Maintain Emergency Fund ofalmost 40K AED

Dubai, United Arab Emirates, 23November, 2023: National Bonds, the savings and investment company,has said today that 64% of employees under 30 years of age maintain an emergency fund ofaround 40K AED, with the majority being Emiratis living in Dubai.

National Bonds has also added that the reliance on sole source of income is still a concern for many people, particularly among women in their 40s.

This insight strongly aligns with National Bonds’ strategic objective of introducing new saving solutions that cater to different segments of the population. In line with the growing demand for such solutions, Second Salary plan has been thoughtfully crafted to offer people a tool to generate a supplementary income while securing people’s financial stability for the years ahead.

On World Savings Day, National Bonds Reveals over 100% Surge in Regular Savers Compared to 2022

• National Bonds generated compounded annual growth worth 12% in the last 5 years.

Dubai, United Arab Emirates, 30 October, 2023: National Bonds, the UAE’s savings and investment company, reported a substantial surge in its customer base in 2023 with over 40,000 new customers, a remarkable increase of more than double, compared to the previous year.

At the same time, over the past five years, National Bonds has achieved a compounded annual growth of 12%. This announcement coincides with the celebrations of World Savings Day and underscores the increasing trust that customers have in the company and its products. These results align with the findings of the National Bonds Savings Index, which revealed that 68% of those who have not saved yet plan to start saving within the next six months to a year.

National Bonds: The New End-Of-Service Gratuities System Aims to Enhance The UAE’s Ability to Attract Talent and Enable Individuals to Invest in Their Future

Mohammed Qasim Al Ali, Group Chief Executive Officer of National Bonds, commented: “We are confident that the recently approved optional system for end-of-service gratuities by the UAE Government will increase the attractiveness in the UAE’s labor market and will strengthen job security. Furthermore, it will empower individuals and corporations to invest in their future and support corporates with employee retention strategies.”