Securities and Commodities Authority (SCA)-regulated savings and investment company National Bonds has signed an agreement with Mena-based non-governmental organisation Arab Women Authority.
The partnership aims to equip women with financial management skills and savings tools. The two organisations will join forces to empower women and support their role in societal and economic development, and to enhance their skills, particularly in the areas of investment, savings, and financial literacy.
Through this partnership, National Bonds and Arab Women Authority aim to inspire a savings culture in the region and strengthen cooperation and coordination between government agencies and national companies to support the progress of Arab women.
The two organisations will create a joint committee to host forums and events aimed at encouraging women to invest and save, and to improve their skills and financial literacy. They will also plan mutual visits and participation in national and regional events, and exchange experiences to support micro-income generating projects for women, with the goal of providing job opportunities and reducing unemployment.
Rehab Lootah, deputy group chief executive at National Bonds, said: “Women in the UAE are one of the most progressive in the world and have a strong drive to pursue their personal and professional goals. Empowered women make empowered societies, which is why the onus is on us at National Bonds to give them the financial tools and skills they need to move forward towards their goals and dreams.
“We are honoured to partner with the Arab Women Authority, who are doing incredible work, as we aim to target all women across the Arab world with this partnership. Moreover, we want to inspire and encourage more women across the region to embrace a fruitful savings journey to increase their financial gain.”
Mohammed Al-Dulaimi, secretary general of Arab Women Authority, added: “As part of our continued efforts to push for elevating the status of Arab women, we are pleased to have signed this partnership with National Bonds today. We want to give every Arab woman the opportunity to enhance her financial literacy and begin saving for their future.
“The partnership also focuses on creating investment and employment opportunities for women, especially among female entrepreneurs and businesses to help increase their contribution and role in the growth of the economy.”
