Emirates NBD, a leading banking group in the MENAT (Middle East, North Africa, and Türkiye) region, has recently launched a new initiative powering clients to invest in the UAE equity markets at zero transaction fees, thereby encouraging the growth of domestic stocks and boosting economic growth in the country.
According to Industry sources, the bank’s latest initiative aligns with the nation’s ‘We the UAE 2031’ vision, focussing on boosting the position of the UAE as a global partner and an attractive and influential economic hub. By offering clients an opportunity to invest in the UAE equity markets, Emirates NBD boosts the bank’s ongoing commitment to aid the UAE’s economy and economic agenda. Emirates NBD endures to work closely with the UAE’s government, regulators, and the private sector to boost the nation’s global standing as a key global investment hub.
Marwan Hadi, Group Head of Retail Banking and Wealth Management at Emirates NBD, stated: “Emirates NBD continues to finance the real economy of the UAE and contribute to the long-term economic growth and development of the region. As a leading national bank, we continue to introduce beneficial initiatives that advance the financial prosperity of our customers. 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.”
He added: “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.”
Industry sources further confirmed that Emirates NBD’s digital wealth platform allows customers to trade securities on global and local exchanges. Overall, more than 11,000 global equities and 150 regional equities are available to trade on the platform.
Emirates NBD clients can conveniently explore and trade local equities for free, utilizing their everyday mobile banking app, ENBD X, with more than 150 regional equities available to trade on the platform.
