"Emirates NBD" It issues a gold bar bearing its trademark

8 hours ago

2 minutes read

Dubai, December 15 / WAM / Emirates NBD issued the “Emirates NBD Gold Bullion” in the presence of His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Board of Directors of Emirates NBD Group, and senior officials in the group.

According to a press release issued today, the “Emirates NBD Bar” is the first gold bar to carry the private brand of a banking institution in the United Arab Emirates. It is designed for savers and investors, and constitutes an important milestone in the growth of the gold sector in Dubai.

According to the press release, the launch of the gold bullion contributes to enhancing Dubai’s reputation as a global center for trade and investment in gold, and this step is also in line with the broader national vision to stimulate financial innovation, diversify assets, and accelerate the digital transformation agenda, which strengthens Emirates NBD’s position as a major player in implementing this agenda.

His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Board of Directors of Emirates NBD Group, said that the launch of the Emirates NBD Gold Bullion constitutes an important milestone in the transformation process undertaken by Emirates NBD, and the issuance reflects the bank’s position in the banking sector and its ability to launch quality products that meet the aspirations of investors and achieve global competitiveness in the banking sector.

His Highness added that this issuance is a step in our efforts towards achieving more innovation and competitiveness in the gold markets with the support of the wise leadership in the United Arab Emirates. This bullion enhances our rich heritage and reflects our continuing efforts in supporting the national economy, advancing long-term economic growth, and accelerating the path of development in the region.

For his part, Hisham Abdullah Al Qassim, Vice Chairman and Managing Director of Emirates NBD Group, said: Emirates NBD has always been part of the growth process of the United Arab Emirates since 1963 when we issued the first letter of credit. This contributed to opening up the horizons of gold trade, and today we continue this legacy as the first bank to issue a gold bullion bearing its brand, as an investment product, thus combining the deep-rooted tradition and innovation.

The Emirates NBD gold bullion will be available for sale to all the bank’s customers in the form of an Emirates NBD gold certificate that can be exchanged at any time.

The gold certificate from Emirates NBD allows the investor to keep the gold bullion with the bank or receive the gold upon the customer’s request.

The gold certificate from Emirates NBD will be available to all its customers through their relationship managers and on the digital platform as well. The bullion will be available in denominations of 10, 50 and 100 grams, stamped with the Emirates NBD logo, and each bullion will come with a certificate to prove its authenticity and ownership.