In 2023, National Bonds reported strong financial results with a portfolio growth of 2% to 14 billion dirhams and sales increasing by 25% to reach 6.4 billion dirhams. The value of distributions since the establishment of National Bonds reached 2.9 billion dirhams, with over 758 million dirhams in prizes awarded to 219 winners of the Million Dirham Prize.
Muhammad Qasim Al Ali, CEO of National Bonds, announced the upcoming launch of a savings fund targeting private end-of-service benefits in the second quarter of 2024 pending necessary approvals from authorities such as the Ministry of Labor and the Securities Commission. According to a survey conducted by the company, 82% of employees in the UAE are in favor of employers investing in their end-of-service benefits, with around 6 million employees being targeted.
Al Ali highlighted the strong performance of National Bonds in 2023, attributing it to growing awareness among citizens and residents about the importance of saving, especially after the Covid-19 pandemic. The number of new investors increased by 215%, monthly savings by 122%, and women’s participation in savings programs by 87%. The highest annual investment return for clients was recorded at 5.84%.
Furthermore, at the real estate development and investment arm of National Bonds, the National Real Estate Company successfully sold all units in Tower B of the “399 Hills Park” project and added Tower A for leasing purposes. Two new real estate projects with an investment value up to 800 million dirhams are set to be announced soon providing over
