National Bonds and Emarat sign deal to enhance financial security
- 08 Jun 2023
National Bonds has announced a new partnership with Emirates General Petroleum corporation (Emarat), aiming to enhance financial security for Emarat employees and their families in the United Arabic Emirates.
In details, National Bonds, a Sharia-compliant savings and investment company, has recently signed a strategic agreement with Emirates General Petroleum (Emarat), a multi-channel power and energy company with a network of service stations and fuel depots across Dubai and the Northern Emirates. The agreement aims to provide saving programmes for Emarat employees, as well as promoting the culture of saving due to its positive impact on society and the economy.
This agreement comes as a response to the surging demand from companies in the UAE for ‘Golden Pension Plan’, which was launched by National Bonds last year, to augment the value of employees’ end-of-service benefits.
National Bonds diverse range of retirement & saving programmes not only ensure the financial security of employees and their families but also reduces the daily burdens in areas such as emergency funds, education, healthcare, and essential necessities.
Consequently, these initiatives actively contribute to the overall development of society, promoting well-being and happiness. Moreover, these programmes provide sustainable retirement & savings solutions, raise awareness about the comprehensive range of National Bonds offerings, foster a savings culture, and deliver sustainable competitive returns.
The programmes and solutions will also enable Emirates General Petroleum employees be part of the National Bonds’ rich rewards programme of Dhs35 million, in addition to special incentives and draws.
Mohammed Qasim Al Ali, Group Chief Executive Officer (CEO) of National Bonds, said: “We are pleased to announce the agreement with Emirates General Petroleum (Emarat), aligning with National Bonds’ strategic vision of fostering collaboration with national companies.”
“This strategic approach aims to actively contribute towards achieving financial prosperity and ensuring a secure future for both UAE citizens and residents by offering them optimal and sustainable solutions and programmes,” Mohammed Qasim Al Ali added.
Ali Khalifa Al Shamsi, Emarat Director General, said: “As part of our ongoing efforts to cooperate with national companies and entities in the UAE and develop employees’ happiness and well-being programs, we are pleased to have this agreement with National Bonds.”
“Through this partnership, we offer National Bonds services to our employees. We look forward to further cooperation with National Bonds, as a trusted provider of saving and investment solutions, to provide customised programs to our customers across our stations network”.
It’s noteworthy, that National Bonds recently launched the ‘Second Salary’ programme, a customised savings solution created for the residents of the UAE. The programme provides UAE’s Nationals and Expats what they aspire for in terms of their retirement plans. The plan is the first part of a long-term programme aiming to provide affordable and simple retirement plans in UAE.
National Bonds Corporation Sole Proprietorship is a Sharia-compliant savings and investment company, whcih established in 2006.
It is 100 per cent 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 Dhs35 Million Rewards programme to all savers, with monthly and quarterly prizes ranging from Dhs 1 million to various luxury cars.
Established in 1980 by the UAE Federal Government, Emarat is one of the pioneers in the nation’s petroleum industry. With a customer-centric approach, Emarat has expanded its network to 120 filling stations across Dubai and the Northern Emirates as of May 2023 and has ambitious plans for further expansion across the UAE.
Emarat is also actively involved in aviation fuel and gas supply, fulfilling the highest standards of customer service and operating ethically to meet the highest international and national HSE standards, ensuring the safety and satisfaction of employees, customers and business partners at all times.
