Local stock trades via the “Enbd X" It exceeds 5 billion dirhams within a year

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Dubai, August 11 / WAM / Emirates NBD revealed the developments of the local stock trading initiative without applying fees to transactions through its digital wealth management platform, as it has contributed since its launch during August 2024 to the implementation of more than 300 thousand trading transactions without commissions in the Dubai Financial Market, Abu Dhabi Securities Market, and NASDAC Dubai.

The bank said in a statement issued today, about the increase in investor confidence and their demand for trading with a total of 5 billion dirhams within 12 months, and allowed access to more than 150 shares listed in the UAE to trade through the “Enbd X” application, where the initiative launched on August 26, 2024 contributed to increasing access to local markets significantly, and enabling investors to trade the shares listed in the UAE without commissions.

The bank continues to develop its application for banking services via mobile phone “EnBD X”, as it allows customers to invest in easily and immediately in the Dubai Financial Market, Abu Dhabi Securities Market, and NASDAC Dubai, with the existence of a pricing alerts that can be adjusted by demand, which helps investors to stay permanently and immediately respond to market movements and available opportunities, as investors witness an entire digital joining process And immediate trading.

In addition to enhancing economic growth in the country, the initiative is in line with the national strategy “We Emirates 2031”, aimed at enhancing financial inclusion and deepening the development of the capital market, and Emirates NBD continues to establish the state’s position as an innovative investment center.

Through the local stock trading initiative without applying fees to transactions, the “Enbd X” application provides the process of wealth formation for all individuals by removing obstacles to the entry and empowerment of new investors, young professionals and savings on a daily basis to build a long -term wealth and participate in drawing the features of the financial future of the United Arab Emirates.

Marwan Hadi, head of banking services for individuals and wealth management for Emirates NBD Group, said that a year after the launch of the initiative, customers adopted a purposeful approach to investing in local stocks, pointing to their work constantly to add new features to the “Enbd X” application, in addition to developing new products and services that meet the changing financial needs of customers, which would provide more intelligent and easier banking and investment experiences And safe for bank customers.

Last year, Emirates NBD announced the launch of partial bonds on the “Enbd X” platform, which constituted a pivotal moment in its journey towards increasing access to financial markets.