UAE: National Bonds Achieves Highest Savings Returns Ever in 2023

Post by: Dr. Amrinder Pal Singh

Photo : Khaleej Times

National Bonds made headlines on Tuesday by announcing its record-high returns of up to 5.84 percent on saving bonds for the year 2023. This marked the highest return ever offered by the savings and investment firm in its history. During a press conference held on Tuesday, the company revealed that it provided an average return of 4.2 percent to its investors for the same period.

According to the company, residents who invested over Dh1 million in saving bonds received returns of 5.84 percent, while those with investments ranging between Dh350,000 and Dh1 million received returns of 4.22 percent.

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The investment portfolio of National Bonds surged past Dh14 billion, with Dh2.9 billion distributed in profit payouts and prizes as of December 2023. Additionally, the company reported a remarkable 215 percent increase in new savers in 2023 compared to the previous year.

On March 27, National Bonds introduced the "Eibor Plus" scheme, which tracks the Emirates Interbank Offered Rate (Eibor) and offers investors an expected return of 0.5 percent above the benchmark's performance annually. Investors can enter the program with a minimum investment of Dh25,000 and select their preferred Eibor-linked Term Sukuk, ranging from 6 to 36 months.

The investment firm maintains the highest exposure to fixed-income assets at 43 percent, followed by real estate (26 percent), money markets (19 percent), listed equities (11 percent), and alternatives (1 percent). The majority of investments are allocated in the UAE at 55 percent, followed by 33 percent in international markets and 12 percent in the GCC (excluding UAE).

Khalifa Al Daboos, chairman of National Bonds, expressed optimism about the company's future, stating that they are prepared to capitalize on the momentum generated in 2023. Mohammed Qasim Al Ali, Group CEO of National Bonds, emphasized the company's commitment to promoting financial awareness and better retirement planning amidst the UAE's pursuit of ambitious economic goals.

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