National Bonds to give up to 4% returns to bond holders

Dubai - The company said it recorded a strong performance in 2015 with more UAE nationals opting to save via the 'myPlan' regular savings programme.

By Staff Report

Published: Sat 12 Mar 2016, 11:00 PM

Last updated: Sun 13 Mar 2016, 11:47 AM

National Bonds on Saturday announced distribution of up to four per cent annualised returns to its bond holders for 2015.
The Shariah-compliant savings and investments company revealed that its three-year Step Up Bonds for savings of Dh50,000 and above offered four per cent annual returns, while its three-year TermSukuk for the same amount provided three per cent annual returns.
In terms of regular savers among expatriates and UAE nationals, National Bonds registered a growth of 82 per cent in comparison with 2014. The company offered an average 2.82 per cent annual return on regular savings, while women bondholders with savings bonds valued at Dh25,000 and above garnered annual returns of 2.94 per cent. The average annualised returns for UAE national bondholders with savings bonds valued at Dh25,000 and above reached 2.08 per cent.
The company said it recorded a strong performance in 2015 with more UAE nationals opting to save via the 'myPlan' regular savings programme. In addition, the number of minors enrolled in the programme increased by 99 per cent compared to 2014, while the number of UAE national women registered grew by 80 per cent and the number of UAE national men enrollees surged by 78 per cent.
Mohammed Qasim Al Ali, CEO of National Bonds, said: "We measure our success by the strategic results we achieve across the year in terms of attracting more savers and investors keen to benefit from long-term returns and low risks."
Al Ali noted that while 2015 offered a multitude of challenges due to dwindling oil prices and market volatility, as well as the revamping of loans that raised investor concerns and impacted financial decisions, the year also witnessed more people learning from such experiences to save regularly through a sustainable financial plan.
- abdulbasit@khaleejtimes.com