Emirates NBD has recently introduced a new initiative that enables customers to invest in the UAE equity markets with zero transaction fees, further encouraging the growth of domestic stocks and boosting economic growth. The bank’s customers can now explore and trade local equities for free, using their everyday mobile banking app, ENBD X, with more than 150 regional equities available to trade on the platform.
“Emirates NBD continues to finance the real economy of the UAE and contribute to the long-term economic growth and development of the region,” stated Marwan Hadi, group head of retail banking and wealth management at Emirates NBD.
Supporting the UAE’s equity markets
By offering customers an opportunity to invest in the UAE equity markets, Emirates NBD strengthens the bank’s ongoing commitment to support the UAE’s economy and economic agenda. The bank continues to work closely with the government, regulators and the private sector to boost the nation’s global standing as a key global investment hub.
“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,” added Hadi.
The recent initiative also falls in line with the UAE’s ‘We the UAE 2031’ vision which seeks to bolster the UAE’s position as a global partner and an attractive and influential economic hub.
“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,” he added.
Read: Gross banks’ assets surpass $1.16 trillion by end of June 2024, reports UAE Central Bank
Digital wealth platform
Emirates NBD’s digital wealth platform allows customers to trade securities on both global and local exchanges. Overall, there are more than 11,000 global equities and 150 regional equities available to trade on the platform. Earlier this year, the bank announced the launch of fractional bonds on the platform, marking a pivotal step in its journey toward increasing access to financial markets.
Besides allowing customers to invest and trade in complex financial instruments from the same app that also fulfills all their everyday banking needs, the platform also offers a unique Secure Sign facility, where customers with high trading volume can update and sign investment documents to complete any trade irrespective of its complexity or value.
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