Dubai PR Network, Online Press Release from Dubai and Middle East
 
Business and Economy
Filter PR by
  
National Bonds Creates 3770 Millionaires Since Inception
  • National Bonds Witnesses Surge in Millionaires, 292 Achieve Status in Q1 2024 Alone
  •  Post-Millennials in UAE Fastest to Reach AED 1 Million Savings, Defying Existing Stereotypes

Dubai, UAE, May 13th, 2024 - National Bonds, the UAE's leading sharia-compliant savings and investment company, proudly announces a significant milestone in advancing financial prosperity among UAE citizens and residents. In the first quarter of 2024 alone, 292 customers attained millionaire status through saving with National Bonds. This achievement highlights an accelerated success rate, underscoring the effectiveness of the company's innovative financial solutions.

The company's recent data highlights a noteworthy trend: the post-millennial generation in the UAE is emerging as a beacon of financial prudence, actively saving for their future and defying stereotypes. Bondholders from Gen Z (born 1997-2012) exhibit remarkable financial discipline, becoming the quickest to amass AED1 million with an average duration of just 3.5 years, compared to the overall average of 4.2 years. Additionally, a commendable 34% of this demographic continue to engage with National Bonds, further strengthening their financial security.

The UAE's millionaire population has increased by 77% since 2013 and is now home to 116,500 millionaires reflecting the nation's commitment to fostering prosperity and financial growth. By providing initiatives like 'My One Million,' National Bonds offers a streamlined path to financial independence, contributing directly to the UAE's goal of enhancing economic stability and prosperity. This program empowers individuals to achieve AED 1 million in savings through a combination of disciplined savings and cumulative profits over a predetermined period.

'Our mission at National Bonds is to provide a responsible, secure, and accessible pathway for all savers in the region to realize their financial dreams – and to reward their diligence through our comprehensive rewards program,' remarked Rehab Lootah, Deputy Group CEO of National Bonds. 'As UAE continues to attract and nurture millionaires, we stand ready to support this momentum, aligning our efforts to make UAE a hub for realizing and creating wealth.'

'In addition to fostering individual prosperity, National Bonds is committed to enriching the broader economic landscape of the region,' continued Lootah. 'By December 2023, the company's investment portfolio had surpassed AED 14 billion (US$3.8 billion), establishing it as a trusted financial partner for both UAE nationals and residents.

With savings yielding returns of up to 5.84% in 2023, National Bonds consistently delivers tangible benefits, reinforcing its reputation as a dependable choice for savers. This milestone reaffirms the company's dedication to providing a simplified and rewarding savings journey, tailored to the unique needs and aspirations of its customers.'

The notable rise in the number of millionaires further validates the efficiency of National Bonds' customer-centric solutions and products in promoting financial empowerment. Looking ahead, the company remains resolute in its commitment to fostering a culture of financial responsibility and security, thus ensuring a brighter and more prosperous future for all UAE savers.


Posted by : DubaiPRNetwork.com Editorial Team
Viewed 19602 times
PR Category : Business and Economy
Posted on : Monday, May 13, 2024  1:19:00 PM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Previous Story : Al Masaood Bergum Showcases Innovative Modular Solutions at ...
Next Story : Emicool Releases Its First Sustainability Report
Email this article Print this article

Share this article with your friends and followers
NewsVine
 
 
Most Viewed Press Release posted in the last 7 days
Ground Handling Priorities: Safety, Baggage, Global Standards and Sustainability [37474-Views]
The Grain de Café collection [36068-Views]
Introducing SHEGLAM HydroSlime Primer, Skincare Meets Playful Prep [34579-Views]
Panasonic Expands Premium Beauty Range With Brand-New nanoe™ Hair Dryers [33026-Views]
RX to launch inter aviation Arabia in Riyadh in February 2026 [27130-Views]
Blue Hues, Matching Sets, and Vibrant Accessories: Pull&Bear Drops New Pieces ahead of the... [15190-Views]
Arabian Center to undergo comprehensive refurbishment, charting a new course as a premier... [14170-Views]
Hourglass Introduces Veil Hydrating Skin Tint for the ultimate Dewy Glow [12685-Views]
Cyber Square Hosts Region's Premier Student Tech Expo at University of Dubai [12357-Views]
You don't have to be on the Beach to Burn [11283-Views]
Turn your daytrip into a wild gateway at Emirates Park Zoo and Resort [10188-Views]
KEZAD Group brings infrastructure muscle to Make it in the Emirates 2025 [9512-Views]
Crown Prince of Abu Dhabi and President of Kazakhstan Witness Masdar Agreement to Develop ... [9135-Views]
Gargash Motors Launches AION and HYPTEC in the UAE as it Reimagines Tomorrow's Electric Mo... [8954-Views]
ADNIC delivers robust performance in Q1'25 with net profit before tax of AED 133.3 million [8872-Views]
ADIO and ITOCHU forge strategic partnership to accelerate investments into Abu Dhabi's hig... [8827-Views]
UAE-Jordan Comprehensive Economic Partnership Agreement To Come Into Force [8803-Views]
TAQA Group Reports Revenue of AED 14.2 Billion for Q1 2025 [8565-Views]
Emirates Global Aluminium named Sector Partner for Advanced Infrastructure at Make it in t... [8335-Views]
Make it in the Emirates to promote UAE Culture and Heritage through first-ever Handicrafts... [8327-Views]
UAE Cybersecurity Council and e& UAE to launch Al Ain Innovation Centre for emerging tech ... [7224-Views]
Chery UAE & AW Rostamani Receive 4 Prestigious Awards from Chery International, Named Best... [7081-Views]
CABSAT, Integrate Middle East & SATExpo 2025 Draw 32,000+ Attendees, Cementing Dubai's Sta... [6388-Views]
du launches GPU-as-a-Service to accelerate computing for UAE Government and enterprises [5998-Views]
RTA Completes All Phases of Al Shindagha Corridor Development Project on Bur Dubai side [5801-Views]
 
RSS Facebook Twitter LinkedDin DubaiPRNetwork.com on Instagram
 
Back to Section Home

Related Stories

 
Top Sections
 
Top Stories