National Bonds Achieves Record-Breaking Returns in 2023
National Bonds, the esteemed savings and investment firm, has proudly announced its unprecedented achievements in 2023, showering its investors with remarkable returns. With a soaring investment portfolio surpassing Dh14 billion, residents who entrusted their savings with National Bonds have reaped the rewards, enjoying returns of up to 5.84 per cent—an unparalleled feat in the company’s history.
During a momentous press conference held on Tuesday, it unveiled the astounding figures, revealing an average return of 4.2 per cent offered to its esteemed investors throughout 2023. Those who invested Dh1 million or more in saving bonds were generously rewarded with a remarkable return of 5.84 per cent, while investors with holdings ranging from Dh350,000 to Dh1 million received an impressive return of 4.22 per cent.
As of December 2023, It had distributed a staggering Dh2.9 billion in profit payouts and prizes, reflecting its unwavering commitment to financial prosperity for its investors. Notably, the company reported an astounding 215-per-cent increase in new savers in 2023 compared to the previous year, a testament to the trust and confidence placed in National Bonds by an ever-growing number of individuals.
Marking a significant milestone on March 27, National Bonds introduced the innovative “Eibor Plus” scheme, designed to track the Emirates Interbank Offered Rate (Eibor), promising investors an expected return of 0.5 per cent above the benchmark’s performance annually. With a minimum investment of Dh25,000, investors gain access to this groundbreaking program, allowing them to select their preferred Eibor-linked Term Sukuk with tenures ranging from 6 to 36 months, thus tailoring their investment strategy to suit their individual needs and preferences.
Delving into the investment strategy of it , this is evident that the firm maintains a diversified portfolio with the highest exposure to fixed-income assets at 43 per cent, followed by real estate (26 per cent), money markets (19 per cent), listed equities (11 per cent), and alternatives (1 per cent). Impressively, the majority of investments—55 per cent—are allocated within the UAE, showcasing National Bonds’ commitment to supporting the local economy, while 33 per cent are invested in international markets and 12 per cent in the GCC region (excluding the UAE).
Reflecting on the remarkable achievements of 2023 and charting a course for the future, Khalifa Al Daboos, Chairman of National Bonds, expressed profound optimism and readiness to capitalize on the momentum generated. He emphasized the pivotal role National Bonds plays in aligning with the ambitious economic initiatives spearheaded by the visionary leadership of the UAE, poised to drive further growth and prosperity. Furthermore, Mohammed Qasim Al Ali, Group CEO of National Bonds, echoed this sentiment, highlighting the firm’s commitment to empowering individuals and organizations toward a more robust financial future through dynamic programs, rewarding prizes, and enhanced financial literacy efforts.
Looking ahead, as the UAE continues its pursuit of ambitious economic goals, National Bonds stands as a beacon of financial stability and prosperity, poised to continue its legacy of delivering unparalleled value to its esteemed investors. With a steadfast commitment to innovation, integrity, and excellence, National Bonds remains dedicated to promoting greater financial awareness, fostering better retirement planning, and empowering individuals and organizations to achieve their financial aspirations in the ever-evolving landscape of the global economy.
In essence, National Bonds has become synonymous with financial empowerment, offering not just returns, but a pathway to a more secure and prosperous future for its investors. The soaring numbers and groundbreaking initiatives unveiled in 2023 underscore the firm’s unwavering commitment to excellence and innovation in the realm of savings and investment.
The success story of National Bonds is not merely confined to numbers and percentages; it is a narrative of trust, reliability, and shared prosperity. By providing an avenue for individuals from all walks of life to participate in the wealth creation process, National Bonds has democratized finance, empowering savers to transform their aspirations into tangible realities.
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