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FINANCIAL NEWS
National Bonds’ 2011 sales up 29%
05 Jul 2011
(MENAFN) National Bonds Corporation’s CEO, Mohammad Qasim Al Ali, said that as a result of growing demand for savings amongst the UAE population, early this year, the company’s sales rose 29 percent and its 2011’s USD272 million sales target was achieved, reported Gulf News.
Al Ali added that also this year, the company’s saving scheme surged 3.2 percent in its customer base, where the number of clients surpassed 630,000, with an almost equal increase in both female and male bondholders.
He also said that due to the increased customer loyalty, repeat purchases also grew to 78 percent, furthermore, over the last five years; the company achieved a 26.45 percent cumulative profit rate generated for bondholders.
It is worth noting that every month; National Bonds rewards bondholders with 22,250 prizes in addition to USD0.272 million grand prize per month.
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