National Bonds and Emarat join forces to enhance financial security

DUBAI, 8th June, 2023 (WAM) – 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.

National Bonds, a Sharia-compliant savings and investment company, has signed a strategic agreement with 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.

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,” he 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”.