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Dubai-UAE: 22 October, 2014 – National Bonds Corporation (NBC), the leading sharia-compliant savings and investments company in the UAE, has scooped the ‘Asset Management Company of the Year' gong for 2014 at the 8th Annual MENA CFO Awards.
The awards were presented on the sidelines of the CFO Strategies Forum that was held on October 22-23. The MENA CFO Awards recognize outstanding achievements by individuals and organizations in advancing the region's finance industry.
National Bonds Corporation received the award in recognition of its Asset Management practices that were evaluated on three parameters: Innovation (risk based approach and managing change), Inspiration (Outstanding performance, creativity and exceptional promise) and Implementation (effective and quantifiable improvement).
Mohammed Qasim Al Ali, CEO at National Bonds Corporation, said: “We are privileged to receive this award that recognizes exemplary asset management practices in the region. Our innovative approach to asset management ensures that our portfolio remains strong and consistently rewards our loyal customers with returns that are better than the average ones offered in the market over the last eight years.
“I would like to take this opportunity to thank our Board Investment Committee for their valuable guidance and the Asset Management team lead by Omar Subhi - Chief Finance and Asset Management Officer for their valuable contributions towards achieving this award and helping National Bonds in achieving its mission of being everyone's trusted savings partner.'
Omar Subhi, Chief Finance and Asset Management Officer, National Bonds Corporation, added: “The hallmark of National Bond's Asset Management approach is our corporate governance mechanism where our innovative asset management initiatives are thoroughly weighed against associated risks. This ensures that our investments while delivering outstanding performance are within the risk appetite determined by our Board.”
National Bonds Corporation boasts a subscriber base of 750,000 customers from 200 different nationalities. In 2014, NBC has also been recognized for ‘Best Savings Account' at the Banker Middle East Product Awards, hosted by publishers CPI Financial.
National Bonds, which is licensed and regulated by the UAE Central Bank, provides UAE nationals, UAE residents and non-residents with credible and safe savings opportunities. Minors can also own National Bonds certificates, provided the bonds are purchased by their parent/guardian. National Bonds are available for a minimum purchase of AED 100, while Step-Up Bonds and Fixed Terms bonds that offer expected profit rates of up to 4% per annum are available with a minimum investment of AED 100,000.
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