Al Ramz Securities, one of the UAE’s leading brokerage houses, has signed an alliance agreement with National Bonds Corporation PJSC. The alliance aims to boost mutual business opportunities between the two companies and was signed by Mr. Mohammad Murtada Al Dandashi, Partner and Managing Director, Al Ramz Securities and Mr. Mohammed Qasim Al Ali, CEO of National Bonds Corporation PJSC, at National Bonds’ head office in Dubai.
Under the terms of the agreement, National Bonds Corporation PJSC, the investment company behind the leading Shariah compliant saving scheme, will offer its Employee Savings Scheme to Al Ramz staff in addition to its products and services to Al Ramz’s key customers. National Bonds will also have access to the asset management, brokerage and research capabilities of Al Ramz. In turn, Al Ramz will offer its equity brokerage services to National Bonds’ clients and lend its financial advisory capabilities to educate its customers and UAE residents in a nationwide financial literacy program.
“We are very excited to be part of National Bonds’ efforts to educate the public on the best ways to manage their finances. Aside from the business aspects of our agreement, it enables us to introduce National Bonds’ unique value proposition that will assist our clients to improve their savings and investments,” said Al Dandashi.
The alliance with National Bonds Corporation PJSC is in line with Al Ramz Securities’ strategy to strengthen its presence in the UAE markets through mutually beneficial strategic alliances with key market players and other high-profile institutions in the UAE.
Established in 2006, National Bonds Corporation PJSC is 100 per cent owned by the Investment Corporation of Dubai. Its Sharia-compliant savings scheme –the first of its kind in the world – offers the highest returns among comparable schemes offered by other financial institutions in the UAE. Customers have the chance to win a total of AED 2.9 million worth of monthly prizes as an incentive for their savings.
Headquartered in Abu Dhabi, Al Ramz Securities, has consistently topped market shares on the Abu Dhabi Stock Exchange and the Dubai Financial Market. The company offers a host of Traditional, Electronic and Islamic Brokerage Services through its branches in Dubai and Al Ain and offices across the Middle East region. Al Ramz is the first and only locally-based brokerage company to be licensed by the Emirates Securities and Commodities Authority to provide advisory services to its customers.