Emirates NBD, a leading banking institution in the MENAT (Middle East, North Africa, and Türkiye) region, has launched a groundbreaking initiative to promote investment in UAE equity markets. This new effort aims to encourage investors to engage with domestic stocks, thereby supporting national economic growth.
The initiative, which is part of the bank’s broader strategy, offers customers the opportunity to invest in UAE equities with zero transaction fees. This move aligns with the UAE’s ambitious ‘We the UAE 2031’ vision, which seeks to bolster the nation’s position as a key global economic player.
By providing this no-cost access to equity markets, Emirates NBD reaffirms its commitment to fostering economic development and enhancing the UAE’s global investment appeal.
Investors can now use the ENBD X digital platform, a cutting-edge mobile banking app, to trade over 150 regional equities without incurring transaction fees. This platform offers fast, transparent, and round-the-clock access to the UAE’s equity markets.
Marwan Hadi, Group Head of Retail Banking and Wealth Management at Emirates NBD, commented, “Emirates NBD continues to finance the real economy of the UAE and contribute to the long-term economic growth and development of the region. As a leading national bank, we continue to introduce beneficial initiatives that advance the financial prosperity of our customers. Our new initiative not only provides investors access to local equity markets, but also allows them to explore and invest in domestic stocks at no cost, presenting an opportunity to diversify their portfolios.”
He further added, “Investing in domestic stocks contributes directly to the success of local businesses and domestic companies, thereby supporting the growth of our national economy and aligning with the bank’s commitments and goals.”
Emirates NBD’s digital wealth platform enhances customer access to both global and local securities, with more than 11,000 global equities and 150 regional equities available for trading. The platform, which was upgraded earlier this year to include fractional bonds, continues to evolve, offering features like Secure Sign for high-volume traders, streamlining complex transactions.
About Emirates NBD
Emirates NBD (DFM: Emirates NBD) is a prominent banking group in the MENAT region, with operations in 13 countries and serving over 9 million customers. As of 30th June 2024, the group’s total assets amounted to AED 931 billion (approximately USD 253 billion). Emirates NBD operates in various countries including the UAE, Egypt, India, and Türkiye, with a network of 859 branches and 4,491 ATMs/SDMs. Known for its significant role in the UAE’s financial sector, Emirates NBD boasts a brand value of USD 3.89 billion.
The bank provides a wide range of services, including retail and corporate banking, Islamic banking, investment banking, and asset management. It is also a key player in digital banking, with 97% of transactions conducted online. Emirates NBD supports sustainability initiatives and is a Principal Banking Partner of COP28, reinforcing its commitment to a sustainable future.
