National Bonds Corporation (NBC), the leading sharia-compliant savings and investments company in the UAE, today announced that DP World - UAE Region, the regional leading marine terminal operator, has signed up for its Employee Savings Program (ESP) with the aim of instilling a sustained culture of savings its employees in the UAE.
Under the program, an agreed pre-determined amount is deducted from employees’ salaries on a monthly basis and deposited directly into their personal NBC accounts.
As part of its ‘financial well-being’ mandate under the Employee Savings Program, National Bonds Corporation will also provide complementary seminars to the DP World - UAE Region employees, highlighting the benefits of regular savings.
Mohammed Qasim Al Ali said: “It is indeed gratifying that companies are beginning to see value in initiatives such as National Bonds Corporation’s Employee Savings Program – the region’s first such offering that has been designed to cultivate a culture of savings in the community. Over 50 companies from the private and public sectors are currently benefiting from the program that articulates our overarching aim of fostering financial stability for the country as a whole and the wider region.”
He added: “With DP World, we aim to maintain our relationship with the staff through appropriate internal communication channels and awareness sessions that help them understand the value of regular savings, regardless of the amount they allocate. By signing up for ESP, DP World – UAE Region clearly demonstrates its dedication in supporting its employees to achieve sound financial stability. We are confident our partnership will create a better informed and financially literate workplace at DP World.”
Mohammed Al Muallem, Senior Vice President and Managing Director, DP World, UAE Region, said: “The welfare of our people is one of the key contributors to our success as the region’s largest port operator. At DP World, we believe that our people are our most valuable asset and we are committed to nurturing them. Their safety, security and well-being are our top priority. The National Bonds Corporation’s Employee Savings Program gives our employees a flexible tool to ensure their financial security for the future. We thank NBC for their initiative and cooperation.”
National Bonds Corporation’s Employee Savings Program was recently named ‘Best Savings Account’ for 2014 at the prestigious annual Banker Middle East Awards.
National Bonds Corporation is licensed and regulated by the UAE Central Bank, and provides UAE nationals, UAE residents and non-residents with a credible and safe savings opportunity. Minors can also own National Bonds certificates, provided the bonds are purchased by their parent/guardian. Each bond costs AED10, with a minimum purchase option of AED100.