UAE: National Bonds Records Highest Savings Return in 2023

National Bonds Achieves Record Returns in 2023, Offers Up to 5.84% on Saving Bonds

National Bonds, a prominent entity in the realm of savings and investments, made waves on Tuesday with its momentous announcement regarding the unprecedented returns offered on saving bonds for the year 2023. With returns reaching up to an impressive 5.84%, this milestone represents the highest return ever recorded in the history of the firm. This announcement comes as a testament to National Bonds’ commitment to delivering competitive and attractive investment opportunities to its investors.

During a highly anticipated press conference, National Bonds disclosed that it had achieved an average return of 4.2% for its investors over the course of 2023. Delving deeper into the specifics, it was revealed that residents who had invested sums exceeding Dh1 million in saving bonds reaped returns of 5.84%, while those with investments ranging between Dh350,000 and Dh1 million garnered returns of 4.22%. Such robust returns underscore National Bonds’ dedication to optimizing investor value and fostering financial growth.

The investment portfolio of National Bonds witnessed a remarkable surge, crossing the Dh14 billion mark, with an impressive Dh2.9 billion distributed in profit payouts and prizes by December 2023. This monumental achievement reflects not only the firm’s sound investment strategies but also its unwavering commitment to delivering tangible benefits to its investors.

Furthermore, National Bonds reported an astounding 215% increase in the number of new savers in 2023 compared to the preceding year. This surge in investor confidence speaks volumes about the trust and credibility that National Bonds commands within the financial landscape of the UAE.

In a strategic move aimed at further enhancing its offerings, National Bonds unveiled the innovative “Eibor Plus” scheme on March 27. This groundbreaking initiative tracks the Emirates Interbank Offered Rate (Eibor) and offers investors an expected return of 0.5% above the benchmark’s performance annually. With a nominal investment requirement of Dh25,000, investors gain access to a diverse array of Eibor-linked Term Sukuk options, spanning durations ranging from 6 to 36 months. This innovative scheme not only empowers investors with greater flexibility but also aligns with National Bonds’ commitment to fostering financial inclusivity and accessibility.

As part of its comprehensive investment strategy, National Bonds maintains a well-diversified portfolio, with the highest exposure to fixed-income assets at 43%. This strategic allocation is complemented by investments in real estate (26%), money markets (19%), listed equities (11%), and alternative assets (1%). Notably, the firm maintains a significant presence in both domestic and international markets, with 55% of investments allocated to the UAE, 33% to international markets, and 12% to GCC countries excluding the UAE.

Khalifa Al Daboos, Chairman of National Bonds, expressed profound optimism about the firm’s future trajectory, citing the momentum generated in 2023 and the visionary economic initiatives spearheaded by the UAE’s leadership. He reiterated National Bonds’ unwavering commitment to delivering unparalleled value and financial stability to its esteemed clientele.

Similarly, Mohammed Qasim Al Ali, Group CEO of National Bonds, echoed these sentiments, emphasizing the firm’s dynamic range of programs, rewarding prizes, and robust financial literacy efforts. He reaffirmed National Bonds’ steadfast commitment to supporting individuals and organizations in their pursuit of financial prosperity amidst the backdrop of the UAE’s ambitious economic agenda.

National Bonds emerges as a beacon of financial excellence and innovation, poised to play a pivotal role in shaping the financial landscape of the UAE. With its unwavering commitment to investor-centric practices, innovative product offerings, and strategic investment strategies, National Bonds stands at the forefront of empowering individuals and organizations towards a path of financial prosperity and security.